Chapter 43: Digging into the Corners of the Amazon
Hu Zhengming was not surprised that Yahoo wanted to buy Riot Games, but the price offered by Yang Zhiyuan in the conversation with him still made him staggered.
Two billion US dollars, if Zhou Xin thinks that the price is low, he can still negotiate.
In other words, two billion dollars is just the base price.
Yang Zhiyuan also said that if Zhou Xin is willing to join Yahoo, Yahoo is willing to exchange shares, and the price can continue to rise.
From $100 million to $1 billion, it only took Zhou Xin three months.
And it's cash, just need Zhou Xin's nod, which opened Hu Zhengming's eyes.
He even had the idea of starting a business in the Internet industry.
Berkeley itself is located in the San Francisco Bay Area, close to Silicon Valley, but none of his students have chosen to start a business in the Internet field before.
Even entrepreneurship is in the direction of integrated circuits.
At best, it's a few million dollars in profits.
did not bring him such an intuitive and violent impact as Zhou Xin.
If Hu Zhengming had so much money, he would really have the confidence to wrestle with Cadence.
Zhou Xin is also not surprised, because no matter now or in the future, whether it is Huaguo or Ameriken's Internet giants, the most direct way for everyone to solve the problem is to acquire.
Even if half of the liquidity on the books is drained, Microsoft will buy Blizzard.
It may not be right to know that when Microsoft acquired Blizzard, Blizzard was just an empty shell.
But the producers of Blizzard's well-known games have all left Blizzard, and Blizzard almost only has IP.
You must know that Disney only spent $4 billion to acquire Marvel, while Microsoft spent $68 billion to acquire Blizzard, and it was in 2022 when the economy was sluggish and the Federal Reserve continued to raise interest rates.
Although Zhou Xin has not seen the arrogance of Microsoft's acquisition of Blizzard, when he was operating the listing of Xinxin Technology, he still heard from friends in the investment circle about the arrogance of Goose Factory and Ahri when they acquired Internet companies.
"Jerry: Does he want to buy all of my shares, or some of them?" Zhou Xin asked.
Zhou Xin didn't know much about Yang Zhiyuan before, the only thing he knew was that Yahoo had invested in Ahri, and then Yang Zhiyuan had held a position on Ahri's board of directors.
Of course, he subsequently resigned from Ahri's position, and until Zhou Xin left, Yang Zhiyuan was still a member of Didi's board of directors, and said that the entrepreneur he admired the most was Cheng Wei, the founder of Didi.
When I met Yang Zhiyuan before, I didn't have any other impressions except for the other party's thick crooked accent and the iced Bock coffee that day.
"I don't know, Jerry just said he'll see you again if you want to."
Hu Zhengming continued: "Bill Gates also has some shares in his hands, but the controlling stake is still in your hands.
So I'm guessing he's going to buy all the shares in your hands.
As long as he gets all the shares in your hands, after Yahoo gets a controlling stake, Gates has no choice but to sell all the remaining shares to Yahoo.
Or just enjoy the benefits and do not participate in the operation.
Gates isn't involved in Riot's actual operations right now, but you're in control and Yahoo is a very different concept. ”
Zhou Xin smiled: "It's better to help me reject Jerry."
I don't want to sell Riot Games, at least not right now.
I'm afraid I'll not be able to sleep when I hear Jerry's price.
Regret your choice.
So it's better not to listen. ”
Zhou Xin is very calm, in this era, what he needs to do is not only fight with others, but also fight with himself.
Fight against your own inner desires.
In fact, the valuation of $2 billion is higher than the actual value of Riot Games, but Riot Games is an integral part of his overall structure.
After Zhou Xin made his decision, Yang Zhiyuan, who was not far from San Francisco, quickly found out, and he reluctantly said to Kevin: "Newman rejected us.
And the latest news I got was that Newman went to meet with the vice president of Goldman Sachs, and Riot Games was supposed to be going public on its own.
We can activate the alternative, and we can talk to the CEO in person. ”
Although Kevin came up with the idea of carrying Riot's electronic community hot post, it was another executive who took the blame and was fired.
This is called the law of back-and-back order in the workplace.
Even if you do something wrong, as long as your position is important enough, someone will help you take the blame.
......
"Warren, I need you, although you are the CFO of Amazon, but Bezos is still there, you will never have a chance to become CEO.
But when you come to NewPay, you will become the CEO directly and be responsible for everything big and small in the company.
I will only be responsible for operations at a strategic level. ”
Warren Jensen is Amazon's chief financial officer, and when he received an offer from a headhunter, he wanted to turn it down.
At present, Amazon is the No. 1 existence in the field of e-shopping, and the entire Internet industry is thriving.
But when the headhunter suggested that it was Zhou Xin who wanted to poach him, Warren changed his mind.
Although Amazon's market value was as high as more than $20 billion at this time, the market value skyrocketed by 855% in one year from 1998 to 1999.
But Amazon has not been profitable, and its net loss has quadrupled compared to the same period last year.
As Amazon's chief financial officer, Warren knows that Amazon won't be able to turn a profit in the next three years.
Even Wall Street analysts, in order to promote the stock market, believe that Amazon is unique and will make money sooner or later.
But Warren knew that more revenue meant more losses, until they couldn't afford to lose money.
So when new opportunities arise, Warren will also consider them.
Compared to Amazon, Riot Games, which was profitable as soon as it was founded, was undoubtedly a good choice.
Although Riot Games is far inferior to Amazon in terms of valuation, he is the CFO of Amazon, and Riot Games is the head.
"Newman, I'd like to hear your plan for Riot's future strategy.
Is it to be the publisher of all video games and to build a unique and influential digital community, but not both?
Do you have any other more radical ideas? ”
Silicon Valley is big, but it's also small, and what Jerry knows, Warren knows too.
He thought that Zhou Xin was looking for him to be CEO for the follow-up Riot Games to go public.
In the IPO process, a CEO with sufficient financial experience is undoubtedly crucial.
But Warren knew in his heart that if he decided to switch from Amazon to Riot Games, he would definitely not be willing to just be the CEO in the process of going public.
He wants to be at the helm of the business for the long term.
Even if he leaves Riot Games one day, Warren hopes to gain enough experience in running a business.