Chapter 20: Acquisition, Acquisition!

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This is a team that has been pitted by the dot-com bubble, and the current stock price does not represent their true value, and is even seriously undervalued. Now that the Internet market has picked up, the SP SMS service in the United States is not as crazy as in China, and the main income of the website is still based on advertising.

Although search engines have taken the lead in verifying the possibility that the Internet can continue to make stable profits, other websites are obviously still lagging behind, which also causes the phenomenon that double-click companies are relatively slow.

Even so, according to this cash flow, how can it not be so low, which is a bit like the net E in 2001, cash is worth more than the company.

"The most direct competitor in the Internet advertising market is eQuantive, which is currently worth $150 million, and the market share of the other Real k is too small, and Semantics and Sprinks are only technology-based companies, so DoubleClick is the best choice at the moment."

"Very good, you guys are very professional in your work." Chen Bo looked at the various data listed in the information, and praised sincerely, "I invite you to officially join the acquisition negotiation team, and not only this project, I hope you will not feel too much pressure." ”

"Allowing employers to realize the value added of the company's interests is our pursuit at McKinsey, and we will definitely satisfy you." Sundar smiled triumphantly, his two rows of white teeth shining against his brown skin.

LinkedIn, Rotten Tomatoes, Delicious Bookmarks and other projects, so many acquisition negotiations to be carried out, this is not a joke. Professionals have to be involved, and the conversation with Hoffman is just a conversation in advance, and there is still a lot to be done before we can get to the official acquisition stage.

Moreover, DoubleClick is still a public company, so this operation process is more troublesome, and you have to deal with Wall Street. Chen Bo thought about it again and again and decided to focus on holding for the time being, and the wholly-owned acquisition was costly, and it also meant that the company had to be delisted and privatized. If you stay in the stock market, even if it will not help Ant Search much in the future, you will still be able to make a profit through the securities market and not lose money.

It is still PricewaterhouseCoopers that provides financial audit services, and Ant Search has now upgraded to a global partner of his family, which is at a preferential price. McKinsey & Company joined with well-known local law firms, and this time it was led by Liu Qing, who could not be blinded by the skills he had previously honed in investment banking. Originally, Li Zhaojun was a very good controller, but she was responsible for raising funds and other miscellaneous items at the foundation, and she had to be ready to join the negotiation team of Lenovo and IBM at any time, so she had no time to worry about anything else.

As for Williams, he is just a technical engineer, and it is a little difficult for him to control the overall situation of the product, so Chen Bo had no choice but to quickly summon Li Ziqiang over. He holds an MBA from Harvard in addition to his background at Berkeley and is a former brand director at PepsiCo, which is enough for him to take on more responsibilities.

"I was almost detained by the airport." Li Ziqiang, who had just stepped out of the car, complained when he saw Chen Bo.

"Isn't it because you're too dark?" Chen Bo teased that Li Ziqiang likes to go to sea to play in his spare time, so he is tanned, and during the SARS period, he basically runs back and forth between Hong Kong Island and Kuala Lumpur, and the sun next to the equator is enough to peel off a layer of skin for him.

"Ahem, it's not SARS that caused trouble, and the customs quarantine department took the temperature three times before releasing it."

SARS has spread to the United States, but mainly on the East Coast, four patients have died, and the West Coast has a large number of Chinese areas without any cases of infection, which is good news.

"I've worked hard for you, and I'll give you a big vacation when I'm done with these cases."

"It just so happens that Berkeley celebrates next month, and I have to fight to leave my name on the wall!" Li Ziqiang laughed at himself, the wall is full of outstanding alumni, and it is difficult for ordinary corporate executives to be on the list, either political leaders and high-ranking officials, or the president level of influential multinational groups.

With his involvement, the entire acquisition negotiation work has been carried out much more smoothly.

Williams himself was not idle, standing under the 17-meter-tall fiery red ant sculpture that had just been erected on the lawn at the entrance of the work area, and was interviewed by many reporters, announcing that he would make a takeover offer to Ask Jeeves.

As soon as this news came out, it immediately made the headlines of the major media technology pages in the United States, and the open and secret battle in the search market once again attracted everyone's attention.

Just looking at the huge ant sculpture at the entrance of the office park is aggressive enough, which is to stir up the rhythm of bloody rain and snake swallowing elephants.

A company that is not listed, no one can judge how much money you have in your account, how many hole cards you are hiding, and all that can be found is that Ant Search comes from the distant ancient country of the East, occupying the top spot in the Chinese search market, comparable to Google in the United States, and it is also emerging in Southeast Asia.

Now it's a steel knife straight into the heart of Silicon Valley, which is a bit confusing. Coupled with the Americans' inherent thinking about China, they thought it was a state-owned enterprise in that barren land. It's a pity that Ant Search closed the door to all media except for the first interview, and every day there would be reporters with cameras outside the park who squatted tirelessly, but no one paid attention to him.

The ASK headquarters building in San Francisco Bay was also surrounded by reporters, and they were completely lying down and shot, you guys are enough to toss, why do you want to pull me. And the fabled takeover offer has so far not had a single hair in sight, and ASK's office staff even wondered if there was a problem with the email server or a broken fax machine.

A few days later, Williams appeared in the ASK office building again, and he had a good conversation with the chief administrative officer of the other party, and directly confirmed the authenticity of the press conference, so now there is a good show to watch.

Mysterious Ant Search, Chinese business, black executive, acquisition of old search engines.

With so many keywords combined, each of which is a news explosion, even Wall Street speculators have heard the wind and contacted Ant's office, hoping to provide more financial help, to put it bluntly, they just want to take the opportunity to make a profit, how can the ASK case be done with a transaction price of more than $1 billion.

Whether it's secured financing or issuing corporate bonds, these financially savvy people can certainly do everything they can to get money to facilitate the transaction, and the fees and interest are all large incomes. Ant is a newcomer and has no background, so how could those Wall Street hungry wolves let go of this good opportunity.

Now the most idle has become Chen Bo, he can provide some guiding strategic advice at most, and he does not play much role in the process of acquisition, and he does not understand the corporate law of the United States, and some details are as trivial as the vegetable market, and he does not need to roll up his sleeves and go into battle.

This made him feel very useless, and he could only drive Gao Yuanyuan from north to south, and then west to east, or go to Chinatown to buy things, or cross the bay to Oakland City on the east coast to watch a Golden State Warriors NBA basketball game. Otherwise, he will act as a nanny and play around with his children, which is basically his current state of life.

Finally, one day, Li Ziqiang found him and broke the comfort.

"You're so free, we're going to die of exhaustion."

"I have a weak heart, I can't help it, you have to understand the happiness of an incompetent boss." Chen Bo said with a smile.

"Your good days are over, take these materials back and read them hard." Li Ziqiang gave him a stack of books and said, "Wharton School of Business EMBA President Class, help you apply, the exam will be taken next month, and the course will start in September after passing the standard." ”

β€œhatοΌŸοΌβ€

"No hat, it cost $500,000 to donate."

"You're really going to spend money!"

Chen Bo said sadly, it is not appropriate for TM to take money, and it is also donated, what is the difference between this and the donation of students in ancient times? Spend money on a shortcut to your career.

"Don't think that's what it looks like, an EMBA is not as valuable as an MBA, but it's just as useful. They are all senior managers with work experience who recharge in their spare time. Since you have chosen to open up the market in the United States, you can't be separated from the outside world, and you don't know how to lead this big ship forward. Even if you want to be a hands-off shopkeeper, you have to be in control of the overall situation! ”

Li Ziqiang's words were like an initiation, and the comfortable life during this period of time made him have the inertia of dependence and lack the passion for struggle. Even if he can't help much, he can use this time to enrich himself through study efforts.

All success is not using his brain, he has a flash of inspiration and then has the whole world, and he has gone through countless overtime hours and stayed up all night to get to this point. Brainstorming with technical staff, product communication, and even publicity and promotion plans will be involved in making plans.

If you think about it, it is not for nothing that many powerful Chinese investors have made a big purchase of assets abroad, but few have succeeded. Cultural differences and management mechanisms at the decision-making level will have all kinds of inconsistencies, which is where the contradictions and conflicts lie, leading to the final bitter fruit.

"Even though you are very capable and confident. But I know that you still have a trace of inferiority complex hidden in your heart, and it is not your fault that you failed to continue studying. Now that there is a chance, why refuse? The bigger the company will be, the more leaders need to have a thinking pattern that goes beyond ordinary people, and I remember you told me at the time that you wanted to create a multinational group that is better than Pepsi, so I came. What about you? Did you do it?! ”

Li Ziqiang tore open his bloody wounds without mercy, and also made him recognize himself. If there used to be people who would have told him that, but now there are fewer and fewer of them. More people will only see his aura, and ignore that he also has shortcomings, and the ability itself is a continuous learning, continuous self-reflection, and continuous accumulation.

"I'm glad I was able to poach you in the first place, thank you."

Chen Bo gave Li Ziqiang a bear hug, although his words were quite heavy, and they were not at all the attitude that subordinates should have towards their superiors, but he knew how to grasp the proportions.

"Adjust your emotions, you are going to conquer this world, and we can't replace it."

Li Ziqiang's words made him rekindle his strong fighting spirit, on the road to the future, he has just started on the road, how can he slack off. But in this case, she can only squeeze out time to accompany Gao Yuanyuan, but fortunately, she is not to blame. Who doesn't love a self-motivated man? Those who are so poor that they only have money left are nouveau riche, and they must continue to realize their self-worth in order to be self-motivated.

There is a good saying that a man is the most handsome when he works seriously, even if he is a car mechanic, that serious appearance will be loved by women. If you just play the game seriously, the probability is lower......

English textbooks are much more difficult to chew, especially those that are still out of his main business, focusing on finance, law, and economics, and he can only gnaw hard with reference books.

ps: I worked overtime on Saturday, and I had time to make an appointment with a friend at night, and I stayed up late at night to watch the Champions League final, and I just woke up and hurriedly finished the half chapter that I wrote in a daze yesterday, and I apologize to all my book friends.

If you see the refreshing, you will go to the [apex.]