Chapter 308: Long Arm Jurisdiction 2.0

"Did He Guoyuan agree to sell the ATi?"

As soon as he heard this, all the resentment and complaints in his mind were thrown out of the clouds by David.

Scolding and scolding, hating and hating, if you really don't do it, it's impossible to drop!

Roland grew up watching David, how much ink is in his belly, David knows better than anyone else, if he really doesn't care, then this guy who hasn't even finished elementary school is afraid that he will be played by the capitalists.

"No, He Guoyuan once again rejected our tender offer."

In the face of David's inquiry, the secretary shook his head, put the document in his hand in front of David, and said: "ATi's chairman He Guoyuan said that ATi is currently in good condition and has no intention of selling it for the time being. ”

"He also made it clear that this is not only his meaning, but also the meaning of all shareholders, let us not continue to quote, because the price is too low, shareholders will not accept it, the price is too high, and we are not willing."

Such words made David, who was still looking forward to it, take a breath and nodded.

After flipping through the document and scanning it a few times, the ATi fax letter with He Guoyuan's signature was unusually straightforward.

When Roland returned from Berkshire Hathaway's shareholder meeting and informed David that Blizzard Capital was trying to buy ATi, David, as chairman and CEO, asked his subordinates to contact ATi and ask them about their willingness to sell.

But unfortunately, the first time I asked the price, it ended in failure.

Although 3dfx is still the boss in the current graphics card market, ATi is far from reaching the point of selling assets and announcing its withdrawal, and they feel that they still have the strength to fight, so they directly regard Blizzard Capital's tender offer as a joke.

All right......

In fact, even David himself felt that this invitation was purely mentally ill.

What is it that a company that doesn't have a hardware business at all wants to buy a hardware company?

Expanding into new markets?

No kidding!

Even if a company expands into new markets through acquisitions, they will only develop markets that are relevant to them.

For example, a media company that runs a cable network merges with a Hollywood entertainment company.

Another example is Oracle's acquisition of SUN.

Only the market associated with the company's main business is the best to develop and the easiest to build a moat.

Leapfrogging development and recklessly entering an unfamiliar field will only make the company die a miserable death.

Blizzard Capital's current main business is entertainment.

In this case, graphics card hardware related to game entertainment can indeed be called a related market, but the question is, just a graphics card is a fart? If you want to form a moat-like industrial chain, you can't build your own computer and write the system?

If this is really the case, then it will have to start with Intel, which makes CPUs, and then ASUS, the motherboard manufacturer, Samsung, the memory chip manufacturer, and Toshiba, the hard disk manufacturer, and Microsoft, the system co-owner......

This special code is really thinking about fart!

So ATi thinks there's something wrong with Blizzard Capital, and that's really normal.

After all, the two sides can't fight together!

Unfortunately, Roland was resolute and said that this was the way Bill Gates provided him to make money.

As a result, David, who also found the acquisition a bit funny, but was deeply interested in the channel provided by Bill Gates, sent a letter to ATi again, and this time, it was directly a premium offer.

In the face of the 12% price offered by Blizzard Capital, ATi still vetoed it.

After that, the ladder increased by 13 and 14 every other month, which made ATi feel that Blizzard Capital was sick in the brain.

And when Blizzard Capital quoted a 15% purchase price for the fifth time, ATi finally couldn't bear it.

They don't want to continue to rit on this boring game!

In this way, ATi will officially send a letter, righteously saying that unless the premium is enough, it will not ......

We will never sell!

To put it bluntly, it's actually a matter of money.

If Blizzard Capital had doubled the premium as soon as it opened its mouth, it would have been impossible for ATi's shareholders to decisively refuse.

But twice the premium is really a in the brain for David, one point and five times is already the highest price in his mind, if it goes on, it will really be Kaizi.

Of course, if he told Roland directly about such a result, then he believed that Roland would be disappointed.

Therefore, at the same time as the fifth offer, he also asked his secretary to collect the information of ATi's hardliners who opposed the acquisition, and the first to bear the brunt was the company's founder, He Guoyuan.

"What is the situation with He Guoyuan?" David dropped the papers on his desk and asked the secretary for details.

"Didn't he say why he didn't sell it?"

"We don't have a hardware business is not an excuse for them to refuse, because after acquiring them, how to promote the development of the company is our business, and they don't need to worry about it at all."

The collection of He Guoyuan's information was after the third offer was rejected.

After more than two months of careful preparation, everything related to him has already been investigated by the company.

Therefore, in the face of David's inquiry, he said the confirmed news as if he had endorsed it.

"Actually, it is very understandable that He Guoyuan is reluctant to sell ATi."

"Just as Steve Jobs treated Apple as his son, He Guoyuan also regarded ATi as his own child."

"He Guoyuan is a native of China, he grew up with his mother since he was a child, and it was not until junior high school that he was picked up by his father, who was in the chemical business in Xiangjiang, and at that time, their family was reunited."

"When I was 20 years old, I went to Baodao to study electrical engineering, and after graduating, I worked as a supervisor at ControlData."

It's a pity that he only worked for a year, and ControlData went bankrupt, so he looked for a new job, production, materials, and quality...... He has been in contact with all the industries related to the consumer electronics industry, until he joined Philips, he sat in the position of vice president, and then in 80, he was poached by Xiangjiang Wang's Electronics as CEO. ”

After three years as a professional manager, he immigrated to Canada with his friends and founded ATi in Toronto.

"It's because of his rich experience in the industry, so when it comes to developing ATi, they are going well, but this success is actually based on his endless work, according to what we investigated, he said he wanted to retire at the age of 50, but his parents knew that he would just die in his own company."

"Whether it is the development of the American market in the 80s, or the development of the European market in the 93 years, or now focusing on the Asia-Pacific market, all these business developments are done and discussed by himself."

"To put it mildly, without him, ATi would definitely not be what it is now."

"In this case, unless the purchase price is doubled or tripled, it ......"

"He can silence the majority of shareholders to sell ......"

"Is that so?" Roland, who was in New York, nodded and said, "I know, so let's do it first......"

"Give up?" David on the other end of the line asked.

"Give it up." Roland said: "ATi's market value is almost 200 million, and if it doubles, that's 400 million, and I don't want to throw all the money Yahoo makes in it......

"Do we quote from other graphics card manufacturers, or do we ......?"

"Forget it, in addition to ATi, the only potential graphics card manufacturer on the market is Nvidia, and Huang Jenxun will not choose to sell his son, not to mention, we spend so much money on this, it is better to directly privatize Apple!"

ATi doesn't sell, that's really what Roland expected.

He is not a child of destiny, and when the tiger's body shakes others, he bows his head and worships.

No entrepreneur wants the company they have worked so hard to create to be acquired, and if it is digested by giants, it is fine, and if it is swallowed by an unknown investment company, it is basically years of hard work in vain.

Not to mention, ATi is still the leader in the field of civilian graphics cards!

I'm comfortable in front of you, but you want to buy me?

Dream on!

But whether ATi sells or not, in fact, is not what He Guoyuan can say.

Because in Roland's memory, ATi was not willing to sell a massage parlor or a toothpaste factory in his previous life, and then ......

He Guoyuan is GG.

After Nvidia pitted Microsoft, the angry Microsoft threw the business order of XBox graphics card to ATi, so ATi instantly became the industry leader, and at that time, the market about CPU+GPU is the future of the rhetoric is very loud, so toothpaste factories and massage parlors that do not want to be eliminated by the times asked ATi for a price, wanting to buy ATi.

Faced with the invitation of the two bigwigs, ATi refused without even thinking about it.

He didn't want to sell ATi, he felt he could lead ATi to make a name for himself in the graphics card space.

And thenβ€”

He Guoyuan, who is iron-clad, was sanctioned.

Half a year after the rejection of the takeover, the Securities Commission (OSC) of Ontario, Canada, subpoenaed Mr. and Mrs. Ho after he was accused by ATi employees of insider trading.

The most amazing thing is that the results of the OSC investigation are that He Guoyuan and his wife sold their ATi shares on a large scale when the Internet bubble burst, avoiding a loss of nearly 5 million......

This result is fooling at first glance!

The Internet bubble is coming, and people all over the world know that the stock prices of companies that are related to the Internet will fall, and in this case, He Guoyuan and his wife sold part of their shares to avoid losses, is there a problem with this?

Isn't that human?

And they didn't sell it illegally!

Instead, in accordance with the requirements of the law, take the path of disclosure first, and then selling!

How is this called insider trading?

But the OSC believed the findings and continued to summon Ho.

Immediately afterwards, He Guoyuan, who could not work normally, was forced to give up the position of CEO, and after he resigned as CEO, the new guy was at odds with the toothpaste factory and massage parlor, and when the OSC summoned ATi's investment director, marketing manager, and chief defense lawyer one by one, 'the difficulty of concealing Q1 and Q2 sales targets in the 2,000-year-old financial report' became the last straw that crushed the camel's back, He Guoyuan officially withdrew from ATi, and ATi continued to bid in toothpaste factories and massage parlors -

Eventually married to a massage parlor.

The most important thing is that after ATi sold himself, the OSC stopped the investigation of He Guoyuan on the grounds of insufficient evidence!

According to the perspective of the beginning of the millennium, He Guoyuan in people's eyes is really a garbage inside and out!

OSC's stop investigation, that is the greatest mercy!

But if you look at it from the perspective of more than ten years later-

Isn't Canada the thug of America?

If we can't solve the problem, we will solve the person who created the problem!

The long-arm jurisdiction routine is played very slippery by toothpaste factories and massage parlors, and ATi?

The only thing to blame is that you're not America's company!

Talking about human favors with capital is a brain disease, and the development and growth of America is like this, and many of them are sucked out of blood like this, so ATi is not sold for the time being, and Roland doesn't care.

Because it's still early before Yahoo is completely out of the hands!

After all the Yahoo shares are sold, he will stare at ATi's death, the massage parlor and toothpaste factory have already pointed him in the direction, and all he has to do is to follow the path of his predecessors and go again.

As for the Securities Commission of Ontario, Canada, how to deal with it?

Isn't that James Cameron?

As a native of Canada, he is the pride of Ontario!

The film and television base was built there, and his deep-sea diving plan was also launched with the help of Ontario!

This guy still owes him 10 million, and after that-

He will only owe more and more.

Roland doesn't charge him interest, in this case, it's always okay to help shake the Ontario Securities Commission out, right?

Since ATi can't be acquired temporarily, David, who has been busy for almost a year, can finally give himself a beautiful vacation.

Throw all three little ones to the nanny, and then pull my wife and go on vacation.

The first is Nevada.

Roland gave David the plan to build a zoo, and after careful selection, David chose Nevada, the closest state to California, as the construction site, and bought 7,400 acres of land here.

Cost, less than 20 million.

Since it is a livestock and irrigated agricultural area, the land here is very cheap, and if you get land under the banner of entering animal husbandry, you can also enjoy subsidies, so why would we build an aquarium in the process of raising cattle, sheep and horses? A lion paradise? A Tiger Mountain? That's because we're afraid that cows, sheep, and horses will be depressed as they grow up!

When the horses are fine, you can go to the Lion Paradise to see the lions, go to Tiger Mountain to listen to the roar of the tiger, and go to the aquarium to see the penguins!

The diversity of species is for the better growth of creatures!

All right......

In fact, no one cares whether private land is grazing or building a zoo.

The ranch was built purely because the land was too big, and it was too wasteful to build a zoo alone.

Enclose a pasture, and you can also mix some subsidies.

It's like Jeff Bezos raising cattle on the sidelines of his own Texas rocket launch site.

It is said that the animals should be vigilant and exercise sufficiently, so that the meat can be delicious.

After a few laps around Nedawa, the couple went to New Zealand again.

Although "The Lord of the Rings" will not officially start filming until next year, many scenes have already begun to be built.

Because it's not clear where Peter Jackson needs to shoot yetβ€”

The land is encircled, but the resort has not yet been built.

However, this does not prevent the couple from playing.

When riding his horse, David waved his hand and said to Garnetty: "This is all bought by Roland!" ”

Garnetty: "Hehe-"

After a week in New Zealand, they moved to the UK.

Although Roland has repeatedly said that he will let Kate choose her own house, in David's opinion, it is cost-effective to buy land and build it herself!

It's all permanent anyway!

Of course, whether to buy or build, this kind of thing David will not help Roland decide.

Not to mention, as Kate's hometown, this matter may be handled by Kate herself.

And he came to England purely to see where the free land was not bad, so that he could give Roland a reference when the time came.

After looking at a few pieces of land one after another, David suddenly sighed-

"Huh!"

"Obviously, I came out for a vacation to relax, but I ended up dealing with the matter at hand by the way!"

"How can there be someone as good as me in the world?"

"Huh?!"