After handing over the cash-out matter to Vice President Lin Youfeng.
Su Yehao thought that even if it was fast, it would probably take three to five days to complete the transaction. After all, it involved more than two billion US dollars of Yahoo stock, which was not a small sum of money.
However, the trend of the whole thing was far beyond his expectation.
As soon as the news was released, Goldman Sachs Group first expressed its willingness to buy 1% of Yahoo shares, and the transaction would be completed based on the real-time stock price, and it would immediately send senior partners to sign the contract.
PricewaterhouseCoopers Consulting Company also approached the Abu Dhabi Sovereign Fund of the United Arab Emirates and the Qatar Sovereign Fund to discuss acquiring all Yahoo shares.
Followed by.
Norway's sovereign fund, Singapore's Danmaxi, Japan's SoftBank, and even the Hong Kong City Monetary Authority's investment portfolio have all expressed their willingness to take over the whole or buy part of it.
In addition, many big names in the fund industry are trying to take action, including Fidelity Fund, Schroder Fund, and AllianceBernstein Asset Management.
This kind of heat left Su Yehao speechless.
There is quite an illusion that I have become a fool in the eyes of others and took the initiative to sell the hen that laid golden eggs.
For a long time, Su Yehao has always believed that there are many smart people like him who have foreseen the risks of the Internet bubble. However, judging from the popularity, others do not seem to be too vigilant.
It’s right to think about it.
He knew what the historical trend would be like, but others did not have Su Yehao's foresight. Others only knew that this was a technological revolution that was already rapidly changing human society.
Although some people warn against market risks, the user base and performance of these Internet companies are indeed rising crazily in a way that goes beyond traditional business.
Back then, Microsoft's market value was several billion dollars, but some experts claimed that it wasn't worth that much.
And now, if it hadn't been affected by the antitrust investigation, no one would doubt that Microsoft's market value has exceeded one trillion US dollars, creating a new miracle in the history of securities trading.
The prospects are so bright that after institutions acquire shares of the Nasdaq giant, they generally like to hold them in their hands.
The price of acquisition from the circulating market is often too high. If more circulating shares are acquired, the stock price will rise, making it difficult to achieve a large increase in holdings.
The last time there was a sale of Yahoo shares on a similar scale was in 1995, when it first went public.
SoftBank Group's sell-off, in which it sold a total of 5% of its total equity, is still laughed at today.
Of course, there are more managers who envy SoftBank, because even if they sell 5%, SoftBank still holds a quarter of Yahoo's shares and has made more than 10 billion US dollars in just a few years...
————————————
The entire KOKO Venture Capital Silicon Valley office is rarely so busy.
All employees are assigned their own tasks, some act as operators, and some are responsible for statistics.
Vice President Lin Youfeng, after receiving a call from a manager of PricewaterhouseCoopers, hurriedly took his coat and car keys, drove to the Atherton area in his newly purchased Bentley.
When he arrived at Su Yehao's house, he found that the young boss was floating in the outdoor swimming pool and lying on a duck-shaped air bed. He complained angrily: "How long has it been? Mr. Su, are you still in the mood to swim? Are you willing to take over?"
There are many potential buyers for this batch of shares, and people from PricewaterhouseCoopers told me that the wealthy oil diggers in the Middle East have expressed their willingness to pay a premium of 5%."
Su Yehao took off his sunglasses, glanced at him, and said with a smile:
"Isn't this a good thing? Why am I not in the mood to swim? It's really hot today and I don't feel comfortable staying in an air-conditioned room all the time. I'll sell it to the one who pays the highest price. It shouldn't be too much trouble. Why did you come all the way here?"
Already."
Lin Youfeng's breath was stuck in his throat, and he almost died of anger, and told:
"I have never been responsible for such a large transaction. Suddenly, many institutional representatives came over. The company's phone kept ringing, and my throat almost burst into flames. Yahoo also asked about the situation, but I was told that the shareholding ratio was less than 5%.
, there is no need to get permission from the board of directors and it is blocked. Now that you are using Google to compete with it, I think other Yahoo shareholders may become nervous."
The reason for being nervous is that when Su Yehao gets a large amount of money, it will inevitably further promote Google's expansion.
now.
Su Yehao jumped into the water, swam to the shore easily, took the bath towel handed by Yin Liuli to wipe the water, and continued to say to Lin Youfeng:
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"They are worrying too much. Competing with Yahoo is a trivial matter and has nothing to do with the overall situation. My purpose of cashing out is not to target Yahoo. I just had a phone call with Yang Zhiyuan. He seemed to be preparing to reduce his holdings and said that I disrupted his plan.
Now we can only postpone the arrangement to prevent major shareholders from reducing their holdings at the same time, which will affect investor confidence and collapse Yahoo's stock price."
Vice President Lin Youfeng nodded and said with a smile:
"It would be easy if the Yahoo board of directors didn't object and didn't impose any restrictions on buyers, and it would be purely based on the highest bidder. I suggest you just post your psychological price, so as not to scare away other potential buyers through unlimited bidding.
Buyers, if things don’t go well these two days, others may choose to wait and see, so the faster the deal is completed, the better.”
Being able to understand what he meant, Su Yehao thought for a moment and asked: "What price do you think is more appropriate? Based on today's transaction price, a premium of 10%?"
Vice President Lin Youfeng quickly waved his hand and replied with a wry smile: "Don't ask me about this matter. It's too involved. One point is 20 to 30 million. If the price is lower, even if you don't care, I will be distressed and upset."
die."
Honestly.
Now there are people rushing to take over, which has exceeded Su Yehao's expectations.
Every additional 1% premium based on the real-time stock price means an additional income of more than 20 million US dollars.
He didn't know what the buyers' psychological price was, but if he could make a deal with an extra 10% premium, Su Yehao felt that he would be satisfied. If he focused on making all the profits, he might be able to make Yang Zhiyuan cheaper.
The other party has revealed that it also plans to take advantage of the high stock price of Yahoo to reduce its holdings. If Su Yehao does not sell, Yang Zhiyuan will most likely take the opportunity to sell out first, and will need to disclose the information to the outside world. If the stock price of Yahoo fluctuates and falls, won't it affect cash-out?
speed.
After a brief hesitation, he said to Lin Youfeng: "Let's take this as a target of a premium of 10%. You can ask people from Goldman Sachs Group and the consulting company to find out for me the price that the buyer can accept. If things are done well, there will be more."
Give them some commission..."
Yahoo shares are already valuable and are currently very popular. Even if they are taken to a mainland bank, they can be mortgaged. They are considered "hard currency" in the market.
It's just a matter of converting securities assets into cash. It's all his own money anyway. Of course Su Yehao won't care too much. After all, there is no chance of exchanging the banned original shares of Yanwen Group for cash.
Lin Youfeng took out his cell phone and called around to ask around, spreading the news that the price was too low.
The wealthy Abu Dhabi sovereign fund seemed to be afraid that it would not be able to close the deal, so it directly contacted Su Yehao through its venture capital company.
The New York side has closed.
Su Yehao tentatively set a 12% premium based on today's closing price. The big oil diggers called back and agreed within fifteen minutes of discussion.
This kind of generous demeanor makes Su Yehao ashamed.
No wonder it is said that in the investment circle, the white-robed rich man is loved by everyone. He is really grand. As long as he looks at it correctly, price is never an issue...