The first thousand one hundred and forty-six chapters go into battle
On the LCD screen, when Ballmer announced that he would offer Yahoo to acquire, the scene was already in chaos. Microsoft's news media officials could not suppress the media and reporters on the scene. A large group of reporters stood up and asked various questions to Microsoft.
Looking at the screen, Smith Jr. was stunned. Then when she heard Microsoft's offer of Yahoo for US$44.6 billion, Smith Jr. felt her mind was blank. This was almost a century-old merger. Seeing this scene with her own eyes was definitely a huge impact for Smith Jr. and countless others.
Mark Kwam looked at the LCD screen. Even he could not imagine that he would have seen such a scene in Yanjing. This is almost the largest Internet acquisition after AOL and Time Warner, and the entire Internet industry will be affected.
Even though there have been many media outlets with long-standing imaginations, including Microsoft's acquisition of Yahoo, this century-old marriage may have been born as the most powerful giant in the history of the Internet industry, making Microsoft directly the overlord of the global Internet industry. But that is speculation after all, and watching Microsoft quote Yahoo is a completely different feeling.
The quotation of 44.6 billion US dollars is just the beginning. In the end, this amount will definitely exceed 50 billion US dollars. Microsoft's opening of this level is giving Yahoo a chance to bargain.
Now it depends on how Yahoo treats this acquisition. Regardless of whether the acquisition is completed or not, Mark Kwam knows that this acquisition will definitely be a day when the global Internet landscape will be completely changed.
Yahoo, which was publicly quoted by Microsoft, has been exposed as an Internet giant. No giant will be treated like this. Moreover, the price of more than 40 billion yuan seems not low, but compared with Yahoo, which used to be a 100 billion US dollar empire, it has almost shrunk by half.
Microsoft is a conspiracy. Microsoft's acquisition has greatly increased its strength. At least it has gained a large market in the software industry. Although failure is somewhat unacceptable, its former rival Yahoo is probably going to lose its skin. The name of the giant is probably not enough. Everyone knows that this is a sick tiger with a weaker day!
Sitting on the sofa and looking at Chen Chu who was so leisurely, Mark Kwam was shocked to realize that it was not worrying about things far away in North America, but the headache was about Sina's merger and acquisition.
What gave Mark Kwam a headache was that his chips were gone. He originally wanted to wait for a price. Looking at Shanda, Yahoo, NetEase, etc., whoever offered the higher price, would join hands with Goldman Sachs, Citi, SoftBank, etc. to sell nearly 20% of the equity of several investment banks to whom!
Don’t expect Yahoo to get involved in this muddy water now. It would be good if Yahoo is not acquired by Microsoft, let alone any involvement in Sina.
Although Microsoft announced that it would acquire Yahoo with Chuke Technology, Mark Kwam felt that this might be a way to cover his eyes. If Chuke Technology really had participated and invested funds, Chen Chu would have rushed to North America long ago and would not stay here.
I have to say that Mark Kwam is an old world, and he guessed things based on just some details.
But even guessing is useless. Yahoo must not be counted on. In order not to stimulate Chuke Technology, Yahoo may have the first thing to do is to show kindness to Chuke Technology to relieve its own pressure.
If Yahoo doesn't take action, it will affect the acquisition of Sina. The global Internet giants are no longer visible. If there is only Shanda, Ding Sanshi might even fight with Chen Tianqiao, but when facing Chuke technology, Ding Sanshi would probably never take action.
If Chu Ke Technology attracts Chu Ke Technology and Chu Ke Technology reaches out to NetEase, then NetEase will probably not have time to cry!
"I think that now Sequoia Investment will hand over the Sina equity held by it to Chuke Technology, which is the best choice at present!"
Chen Chu said to Mark Kwam. When he saw Mark Kwam, what else he wanted to say when he saw Mark Kwam, Chen Chu said directly, "Chuke has many choices with technology and Shanda, not just Sina. If necessary, you can cooperate with TOM, China.com and others!"
Chen Chu's words made Mark Kwam silent. If Chuke Technology and Shanda really withdraw from the acquisition of Sina, then Sina may be left with a mess. Using the poison pill plan to threaten acquirers will make all investors carefully consider whether Sina's stocks should be held for a long time.
"Sequoia Investment can give its Sina equity to Chuke Technology, but Sequoia wants to become one of the financing institutions for Daewoo Games to go public. In addition, you can not acquire Jin Sequoia, but Sequoia needs to be replaced with the corresponding equity of Meituan!" Mark Kwam said in one breath.
Since he knew that there was not much room for choice, Mark Kwam chose the most favorable decision for Sequoia. Mark Kwam knew that even if he did not agree, at least Goldman Sachs would definitely agree.
Using a 5% equity of Sina plus a board seat to exchange for cooperation with Chuke Technology, no matter how you look at it, it is not a loss, and Sheng is now one of the most important partners of Chuke Technology in North America.
This time, a considerable part of the funds brought by Smith is the money paid by Goldman Sachs. Citi on the other hand will not reject the olive branch offered by Chuke Technology. In this way, Chuke Technology can at least obtain 10% of Sina equity in Goldman Sachs and Citi, and then acquire part of the equity on Nasdaq and directly join Shanda to reorganize the board of directors!
Knowing that things were not violated, Mark Kwam made a choice, abandoning his position as a director, directly changing to Meituan's shares, and investing in Daewoo Games. This account is cost-effective no matter how you look at it.
Smith, who had just come to his senses, heard that Mark Kwam had agreed to transfer Sina's equity, which made him feel a little unresponsive. He didn't know that after just reading the news, Mark Kwam agreed directly and directly used Sina's money to exchange for Meituan's equity. This trick even showed Mark Kwam's decision.
Mark Kwam agreed happily, but Chen Chu was a little embarrassed. He did not expect Mark Kwam to directly target Meituan's equity.
Is Meituan valuable now? This genius knows that even the website is still being built, which does not prevent Silicon Valley giants from being extremely favored by Meituan. KPCB has invested hundreds of millions of dollars in stocks, and now Sequoia Investment has used Sina's equity to exchange for this treatment. This treatment is really unique.
No one can tell what Meituan is currently valued. After all, there is no sign of it, let alone any investment. Chen Chu looked at Mark Kwam and said carefully, "I promised Sequoia Investment that I can enter the A-round investment in the future and will get a position on the board of directors of Meituan in the future, but how much equity can be obtained will be determined at that time!"
“5% equity!”
Mark Kwam looked at Chen Chu. He knew that Chen Chu was a delaying strategy and wanted to delay and see Meituan's development before making a decision. If Meituan could really develop, not to mention becoming Renren Technology, Facebook, etc., as long as he reached the level of Oriental.com, this would be a huge fortune, so Mark Kwam did not want to delay.
"Sequoia Investment must obtain at least 5% of Meituan's equity and receive the same treatment as KPCB venture capital. For this reason, Sequoia Investment is willing to spend more money!" Mark Kwam said bluntly. What he wants is the cooperation status with Chuke Technology.
Even Mark Kwam had a subtle idea in his mind. If he could get the opportunity to invest in Chuko technology like Don Valentine and Michael Moritz, he might not have the opportunity to take the helm of Sequoia Investment in the future.
One more step away, like Douglas Collinger, who was isolated from the entire Silicon Valley investment banks and Wall Street because of his fierce approach to work, and had to travel far away to Asia. But now he has returned to North America and has become a guest of honor for major investment banks again. Because he is cooperating with Chuke Technology, he has projects that make all Wall Street investment banks jealous!
"Trade!" Chen Chu said to Mark Kwam, "In the future, Sequoia Investment will become one of the best partners in Chuke Technology!"
Chen Chu needs to put pressure on KPCB venture capital. Since the cooperation between the two sides, KPCB venture capital has taken at least ten times the return on Chuke Technology, including Oriental.com, Renren Music, Facebook and other projects. As a result, when the Digital Copyright Association and the North American Publishing Association are in a battle, and Onyx Technology competes with patents with other technology companies, KPCB venture capital is not working hard.
KPCB venture capital is not willing to turn against the giants in the North American technology and publishing industry for Chuke Technology, which makes Chen Chu a little dissatisfied with KPCB venture capital. Even if he knew that Douglas Collinger had protested to the headquarters, these decisions were all made by KPCB headquarters.
The introduction of Sequoia investment is to put pressure on KPCB and tell them that it is not a worry-free place. They can always suck blood from Chuke Technology. They also need to make moves to let Chen Chu see their determination and attitude!
"The equity transfer agreement will be sent immediately after the board of directors agrees within three days. In addition, Sequoia Investment can issue a statement at any time to express support for the joint acquisition between Chuke Technology and Shanda!" When going out, Mark Kwam said to Chen Chu. Since the decision has been made, Mark Kwam will naturally show goodwill to Chen Chu on these matters.
As soon as he arrived at the door, Qiao Xueling hurried over and whispered to Chen Chu, "Mr. Chen, President Carol Butz is calling, want to talk to you!"
Although Mark Kwam, who was standing aside, didn't hear much clearly, he also vaguely heard a few words. He knew that this was the Yahoo president calling Chen Chu, obviously trying to convince Chen Chu to withdraw from the joint acquisition of Yahoo and reduce the pressure on Yahoo.
This made Mark Kwam glad that if he had made a few minutes late, he might have been sold directly by Yahoo, and he would not have gotten such conditions at all!
After saying a few words to Qiao Xueling, Chen Chu sent Mark Kwam away, and then spoke to Shanda again. Chuke Technology will officially start to take action tomorrow.
Back at the office, Smith Jr. couldn't help asking Chen Chu, "Chen, don't you answer Carol's call?"
Chen Chu put down the phone in his hand, looked at Smith and said, "Is it meaningful to answer this call?"
Smith Jr. originally wanted to say that this was one of the most powerful and influential women in Silicon Valley, but then she thought that she was nothing to Chuko Technology. Unless she was preparing to intervene in the Yahoo game, Chuko Technology had no need to go barefoot.
Chapter completed!