Chapter 880 Unfair
Because of road construction, traffic jams will occur.
Traffic jams are very likely to cause minor scratches.
Therefore, even without Yang Wenyuan's phone call, Fu Zhengyi would not have been able to arrive at Biyaju's villa before twelve o'clock.
"Pay! This acquisition is very cost-effective! The online broadcasting business has a very long-term development vision. Although the company's financial performance is not good, once it is acquired by us and obtained the traffic support of Yahu, I believe that it will push the company's stock price to a higher level and will effectively expand Yahu's business scope..."
The cross-border phone call from the United States made Fu Zhengyi very helpless.
Although Yang Wenyuan's remarks were very inspiring, he knew clearly that for Yahu, it was definitely not a good time for large-scale business expansion.
Moreover, even if the overall acquisition of up to $5.7 billion will bring Yahu Company's stock price to a higher level in a short period of time, the online broadcasting service is destined to be eliminated by this era. Instead of acquiring such a company that has no future and is of super large size, it is far better to deposit the acquisition funds into the bank!
Besides, wasn’t Yahu’s failure just because the acquisitions initiated by it were eventually proved to be a decision-making error?
However, the above reasons cannot be mentioned on the surface, so Fu Zhengyi said carefully after listening to it. "Yang, although I have not seen the specific content of the acquisition case, Yahu's future should be to continue to do a good job in content and search engines. This issue was discussed three years ago, not to mention that the acquisition of up to $5.7 billion will inevitably require refinancing, or issuing bonds to raise funds. The loss of interest is one aspect. Integrating the online broadcast business will inevitably impact the company's current management system. Whether from the perspective of friends or from the perspective of investors, I do not think that such a large-scale acquisition is correct..."
"Fu! You have reached such a conclusion before you even read the specific content. This is too arbitrary! Can I think this is a contempt for me and the acquisition department I lead?"
"Yang! This is not arbitrary, nor is it a contempt for your hard work. I am stating a fact! The market value of Yahu Company has just exceeded 20 billion US dollars, so you are planning to let Yahu swallow an online broadcaster worth 5.7 billion US dollars? The future is the era of the Internet, and it will never be an era of broadcasting. A company destined to be eliminated, spending such a high price to buy, I can't see any meaning! Not to mention 5.7 billion US dollars, even 500 million US dollars, I will never consider it! What's more, for this acquisition, the company either raises funds or issues bonds. In short, it's a sentence, the benefits outweigh the disadvantages!"
"This is unfair! How can you be sure that this is an industry that is destined to be eliminated? The prospects of online broadcasting business are very good. Users only need to turn on the broadcast to get the information they need to know! Do you know what this means? This means that once Yahu Company incorporates this business into the company, the users' hands and eyes can be liberated, and they can listen to all the information we want them to know while playing the game..."
After listening to him patiently, Fu Zhengyi felt that if he hadn't really known the development of the Internet and how the radio station had declined, he would have been moved by the other party's extremely inciting remarks.
Seeing that Fu Zhengyi on the phone was thinking, Yang Wenyuan continued to say. "Fu! This acquisition will never affect equity changes, and all the investment banks consulted by the company gave positive comments! The current craze for Internet technology stocks is setting off in the financial market. Although the cost of 5.7 billion US dollars is a bit high, it is not only a milestone expansion for the company, but also a comprehensive expansion of its business line! If the company can be called "great", then acquisitions and integration are inevitable!"
"Yang! As a friend, I understand your current mood very much. Seeing the growth of Yahu Company is replicating Microsoft's success, whether it is the wealth you have, the praise you have received, the improvement of your personal social status, or the degree of recognition by society, it makes you think Yahu Company should have a open and bright road in front of you! But the problem is that Microsoft's success is not replicable, and there are many companies among Internet companies that will eventually be eliminated. Regarding the plan to acquire online broadcasters, I hope you can decisively give up after truly understanding the customer group that its market mainly faces..."
"Fu! I have said so many reasons. Do you still have to be stubborn? I and the team I led have spent three months studying the market and researching this company. We analyzed its market prospects and the fundamental reasons for its poor financial statements. We analyzed the preferences of its customer groups. We have even completed more than 60,000 in-depth research online and offline. All feedback is positive, inspiring, and can satisfy the company, investors, and shareholders. I am very disappointed with the reasons you use! I believe you do not understand the development prospects of online broadcasting business in the United States, and you do not know the core competitiveness of this company worth 57 US dollars. You just hope that Yahu Company will maintain the status quo and maintain stability. Fu! You have lost your enterprising spirit, and you have lost the entrepreneurial spirit when we met..."
The car finally began to move forward, and Yang Wenyuan's evaluation made Fu Zhengyi helpless.
Thinking from the perspective of others, maybe you can analyze this matter from his perspective, and you may also think that as long as you do not support the expansion of the company, it means conservative, not enterprising, and losing your spirit!
"Yang, you said that this acquisition will not affect the changes in equity, nor will it damage the rights and interests of shareholders. But Yahu Company cannot afford the price of $5.7 billion... Maybe you don't understand and can't figure it out now, but I can only tell you one thing, that is, to stop all acquisition plans, maintain the current development direction of the company, and firmly make the Internet search business the ultimate, so that no latecomer can challenge the company in this field! As long as you can stick to this, Yahu Company will sooner or later surpass Microsoft and become the world's highest-capital Internet company!"
Yang Wenyuan was stunned and thought for a moment before laughing. "Fu! You are using the word 'mors and evening'. Are you placing your hopes on Microsoft and being split? This is wrong! Microsoft is a very great company. Although my goal is to defeat Microsoft, I don't think it is wise to wait for it to make mistakes..."
No matter what, Yang Wenyuan refused to give up the acquisition.
We cannot tell what has not happened yet as facts, which made Fu Zhengyi feel like he was about to jump into the pit, but he couldn't find a reasonable reason to dissuade the other party, so he had to change the topic. "Yang! Where has the acquisition negotiated?"
"In negotiations! The consideration of $5.7 billion is still under negotiation. But Yahu Company is growing, and the other party is growing. The sooner the acquisition is completed, the more beneficial it will be to the company! However, according to the current schedule, it will take at least half a year to complete the transaction!"
The Chinese New Year is in mid-February. Such a huge transaction is required to be submitted to the China Securities Regulatory Commission for review even if the two parties sign a memorandum. If the speed is fast, it will not be officially implemented until the second half of next year. Therefore, Fu Zhengyi asked him to take all the specific information and claim that he would make the final decision after careful research.
After hanging up the phone, Yang Wenyuan threw the teacup in anger and shouted at David sitting in his office in anger. "How dare he do this! How dare he! The company was founded and developed by us. He just made a fortune by taking advantage of our lack of funds and lack of correct judgment on the development speed of Internet companies! But he actually blocked the company for no reason when it was about to take off for the second time. Did he show all his previous hypocrisy?"
"Yang! The price of $5.7 billion is so high. We don't have so much money to integrate such a company..."
Yang Wenyuan was stunned and then furious. "David! Do you even question my vision? Don't you know what I have been doing in the past few months? Everything I have done is to enable the company to develop faster! What Yahu Company needs now is not a code, nor is it a software development, but a timely entry into the capital market to carry out appropriate acquisitions and integration. Otherwise, once the latecomers surpass us in scale and size, they can easily get out of you and me through financial means! We are the founders, and we are the decision makers who decide that this company should develop in this way..."
After Yang Wenyuan's anger was almost vented, David then picked up the financial statements on his knees and reminded him helplessly. "Yang! [fl North American Venture Capital Company] After several stock splits, he currently owns 28.7 million common shares of the company, which means they have 30.6% of the voting rights! If the voting is held on this acquisition, I believe that as long as they are unwilling to let the acquisition pass, the acquisition will definitely be ruined..."
"No! This is unfair! I will never allow this acquisition to be boycotted and rejected by internal shareholders! I will think of a solution, and I can definitely come up with a way to solve this problem!"
After taking over the equity details, Yang Wenyuan carefully read it, he started calling the important shareholders of the company...
Chapter completed!