I spent two days in Yosemite National Park, and the scenery was so beautiful that it purified my soul.
However, Su Yehao was so greedy for profit that Yosemite Land alone could no longer cleanse him. He just felt okay.
Within three days of opening the position, the total profit exceeded 22 million US dollars. However, with the slight fluctuation on Friday, it suddenly fell by more than half. By the time the market closed, only a little over 4 million US dollars in profit remained.
The bank has not yet determined whether it will grant the loan, and it is still unknown whether it will be able to earn enough funds in the short term.
Thinking of being on the safe side, Su Yehao began to consider the possibility of a merger, that is, using part of the cash plus equity to negotiate with the shareholders of icq.
However.
Since he cannot afford hundreds of millions of US dollars, he may make tens of billions of dollars less in the future. In Su Yehao's eyes, this kind of thing will feel like a loss no matter how you look at it.
If there are icq's seven million active users, the probability of the success of the international version of TVT can be increased from 50% to 80 to 90%. Coupled with Su Yehao's reasonable planning, tens of billions of dollars are not worth it.
If you are daydreaming, it is very likely to become reality.
Once the existing shareholders of icq are introduced, these shareholders will be given a free ride, and Su Yehao does not want to sell out the equity too early, which will not only affect subsequent financing plans, but also have a certain impact on his interests.
After all, apart from icq's existing users and reputation, it can't help him much in other aspects. It has neither influence nor funds, so it is obviously not the first choice for cooperation.
Wall Street giants such as Goldman Sachs and Morgan, as well as technology companies such as Microsoft and Yahoo that control traffic wealth, are the target groups Su Yehao hopes to cooperate with.
therefore.
Regarding the merger planning, it was just prepared in advance. It was not even Plan B. It was at best Plan D, which was similar to the attempted financing of Plan E.
Plan A is of course to find a way to find the funds yourself.
b is through financial institutions and using leveraged buyouts.
c is to temporarily cash out Yahoo shares, and then find a way to pledge the loan and continue investing after the acquisition is completed.
Su Yehao had listed each plan in a small book, and also noted the advantages and disadvantages. It was a rare moment when he was short of money, so he continued to rack his brains to think about how to make a quick buck in the short term.
The reason why I was so calm before was because I knew that I could always rely on my parents at critical moments. For example, when I acquired Yinhai Software, it didn’t matter that Father Su looked down on it. In fact, if Su Yehao made a fuss, he would probably succeed, and even if it didn’t work, he would still be able to find someone.
Mom, ask grandpa to get some money.
However, this time the situation is different.
Sihai International's funds have been used in two large-scale projects, Pengcheng Sihai International Cultural Tourism City and Financing Meidi Group.
Although the total value of the Hong Kong Earl Medical Group managed by my mother is quite high, its cash flow is relatively short. If it can squeeze out only 4 to 5 billion Hong Kong dollars, any more will require the sale of assets or loans.
Su Yehao, who can only rely on himself, once again experienced the feeling of ambition being greater than his own strength, which is quite worrying.
I read a lot of newspapers and still can't find a reliable speculation target.
As expected, money is never enough...
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Adrian from McKinsey Consulting took people to the TVT headquarters for an inspection on Saturday morning.
Su Yehao accompanied him personally, and he introduced with great self-knowledge at this moment:
"My company has just started and is still very small. It only has a few hundred users in the Silicon Valley area and is in the testing stage. It cannot be compared with icq for the time being. In fact, the people from icq first proposed to spend five million US dollars to acquire my company.
Company, if you have used our product, you will find that it has a relatively mature new social model, surpassing icq in terms of functionality and technology."
Adrian works as a small supervisor in a branch, and his performance is usually mediocre, so he values Su Yehao's business very much.
After hearing this, he smiled and said: "To be honest, I have downloaded your product. My colleagues also registered it after they found out. I occasionally communicate through it during work hours. The experience is indeed quite good."
Su Yehao sat at the newly purchased conference table, tapped the table with his fingers, and told:
"I'm raising funds and I've encountered a little trouble, but I can solve it. I'll try to talk to them now. I don't know what's going on with AOL. The sooner it's resolved, the sooner it's easier."
"Oh? Are you short of funds? Our company now has a financial credit service for customers. It only charges a small handling fee. I can help you apply for it if necessary."
After Adrian finished speaking, Su Yehao's heart moved slightly and he hurriedly asked: "Leveraged buyout, does your company provide this kind of business?"
"Of course, we at McKinsey have cooperation with many financial companies. A few years ago, I and my colleagues were responsible for helping a client acquire a large number of polystyrene manufacturers, and then reintegrate them and package them for sale to third parties.
In that transaction, the leveraged buyout amounted to a billion dollars."
Su Yehao nodded calmly.
When it comes to financial business, the United States has long been playing tricks. Just counting mergers and acquisitions, they can be divided into five or six types. In the early years, there was a movie called "Barbarians at the Gate", which described a hostile takeover.
The traditional business method has been "sublimated".
In the past, Su Yehao was reluctant to borrow money from financial institutions other than banks because not only was the interest rate high, but the repayment period was relatively short, and there were greater risks involved.
However, there is really a shortage of funds now. After thinking about it for a few seconds, Su Yehao asked again:
"Then how much funds do you think your company can provide me with for this transaction? You know, I am investing in Yahoo. In fact, I have already made preparations to liquidate Yahoo stocks and instead go long Yahoo options on the sidelines.
It is equivalent to using a small amount of funds to continue to be optimistic about Yahoo's appreciation prospects and use the money to buy icq."
Of course Adrian can understand.
This is probably the difference between buying a house with full payment and investing, and paying a deposit and taking out a loan to buy a house off-plan.
For example, you originally paid 1 million to buy a house in full, and now you sell the house to cash out 1 million, and only take out 100,000 as a deposit. The target house is worth 1 million. While you continue to enjoy the appreciation dividend, the remaining 90
It can be used for other purposes.
The disadvantage of doing this is that the risk is a bit high, so Su Yehao only dared to make small fuss before, and still "pay the full amount" for the big part to avoid experiencing violent fluctuations.
Su Yehao has already made some calculations. After liquidating Yahoo stocks and repaying part of the loan from First Quanye Bank, there will still be more than 200 million US dollars left. If the remaining money is scraped together from the bank, it will basically be fine.
If the money problem is not resolved, there will be no way to talk about the acquisition with icq.
Su Yehao was very excited when he learned that McKinsey could provide leveraged buyout services. As long as he didn't get cheated, it didn't matter if the interest was high. Anyway, he should be able to pay it back in the short term...