Google spent $200 million to successfully acquire Prie and completed its privatization and delisting.
Prie's total market capitalization is less than US$170 million. It has been silent on the Nasdaq market for a while. It mainly provides hotel reservations, ticket sales, car rental and other services.
Prie's shareholders are relatively satisfied with Google's premium acquisition. Most of its team will be retained, with a layoff ratio of about 10% and a compensation package of N+2.
Google's management acted vigorously and immediately announced that it would add a new "Google Travel" service before finishing reorganizing the company.
It is equivalent to completely merging Prie, and even the name of the company is no longer needed.
Starting this new business will undoubtedly offend a large number of colleagues who do online hotel booking and ticket sales. Fortunately, the current market size is not too large, and the advertising profits involved are not much. Compared with the gains from winning Prie,
The cost of losing customers is small enough to be accepted.
Google has once again made a name for itself in the market.
It happened to have less than 100 million U.S. dollars of funds left. After Su Yehao discussed with Google CEO Eric Boyle and COO Danielle Kenning, they decided to release that they would raise 1.5 billion U.S. dollars in the first quarter of next year.
News, the valuation is between US$9 billion and US$11 billion.
Nasdaq has seen some improvement.
Since the index fell below 1,000 points in September, the market has quickly rebounded to 1,350 points. The bottoming signal is very obvious, and market confidence has finally returned.
At the end of November.
The share price of Yanwen Group has rebounded to US$14 billion.
Compared with Google, Kaomoji Group loses in revenue and profit, and it has Microsoft's MSN Messenger as a competitor, eyeing it.
This means that Google is accelerating to catch up with it. If it is listed on Nasdaq now, its total market value will not necessarily be worse than Yanmoji Group.
After completing the US$1.5 billion financing early next year, when will Su Yehao plan to burn all the money and let Google go public?
If the performance is good, and a little more careful planning, maybe it can last until around 2006.
If video sharing, travel ticketing and other businesses can develop smoothly, I believe that when Google goes public, it will be much more successful than Yanmoji Group’s listing.
On the one hand, the reason why Google was asked to carry out financing this time was because Su Yehao did not have enough cash on hand, and on the other hand, it was to share profits and win over some allies to avoid attracting attention.
Su Yehao can hold more than 70% of the shares in Yanwen Group, which is relatively rare on the Nasdaq market.
In the past two months, thanks to the recovery of Yanzi's stock price, his total net worth has once again increased by more than 2 billion US dollars. As capital pays attention to the mainland Internet market, rating agencies have also issued higher valuations for companies such as TAT and TOT.
The good news continues, and the value continues to rise.
Not only was Su Yehao not very happy, but he felt a strong sense of crisis in his heart.
After discussing with a group of consultants, we changed the new investment strategy to "eat less, eat more", which means that like investing in Amazon and Apple, you only hold 10% to 20% of the shares, and you don't even have to have a say.
In this way, we can avoid investment targets being labeled too strongly with the "Su's" label.
In the short term, it may be a bit fussy, but in the future, the value of these assets will most likely rise year by year. For long-term safety considerations, it is necessary to reserve a hand in advance.
It may be easy for others to target Google and the Kaomoji Group, but he also holds a relatively appropriate number of shares in companies including ASML, Amazon, Apple, etc. The more companies he is associated with, the less likely he is to be isolated and suppressed.
And you can also use this to increase your own influence.
In the past, I was only busy making money, but now I am worried about having too much money in the future.
Fortunately, he has implemented a long-term diversified investment strategy and laid a good foundation. Otherwise, Su Yehao would have been so worried about it that he would not be able to sleep and would immediately start dividing assets into the family charitable trust fund.
Just like Gates did, donating assets will not be counted in the total net worth. Using the money that should be taxed for charity can also gain a wave of fame and fame, and all the face and benefits will be taken up.
Leisure time.
Su Yehao thought hard for a long time, trying to find a way to get the best of both worlds.
If everything goes well, ten years from now, he feels that his total net worth will most likely reach hundreds of billions of dollars, or even trillions of dollars. This is the source of his fear.
As the old saying goes, people are more afraid of being famous than pigs are afraid of being strong.
The old saying goes that if a person has no long-term worries, he will have immediate worries; if a tree is as beautiful as the forest wind, it will be destroyed by the wind.
When Su Yehao had a premonition that he might get into trouble in the United States in the future, and that his survival crisis was greater than his pursuit of wealth, the worries in his heart began to linger and follow him like a shadow.
People at different stages have different needs.
Su Yehao's assets have been adjusted for many times and have matured to the point where they are appreciating crazily even if he does nothing.
There is no point in continuing to expand the scale of the business. The importance of making money, a small issue, has taken a backseat. How to safely protect yourself and your wealth will be the top priority for a long time to come.
In addition to considering acquiring traditional media or recruiting more allies to avoid having no one to help speak up when encountering problems, Su Yehao also thought that he should plan in advance and lay out some large projects that are both costly and meaningful.
The preliminary ideas include large hydropower stations, medical research and development, mineral energy, high-speed railways, private universities, etc. When the time is right in the future, we will slowly transform tangible wealth into traditional assets that others do not pay much attention to, and hide them in family charitable trusts.
In the foundation.
It just so happens that the advantage of predicting the future will eventually come to an end. More stable income channels are equivalent to buying a shop and paying rent. It is worry-free and long-term...
It took a few days.
Su Yehao asked the assistant office to find people and set up three working groups.
Responsible for studying the Baihetan Hydropower Station in the Mainland, Australian iron ore, and research university projects similar to Stanford, Caltech and MIT.
Don't rush to take action, just make preparations first.
After the new company is established, it will all be affiliated to the Su family's trust fund. Once there is spare money, it will be thrown into it and the growth rate of wealth will be reduced through "donations".
In addition, some companies have no need to go public and will exist as private companies for a long time. At the same time, they must avoid contact with evaluation companies and no longer publish financial report data to the outside world.
This is a mid- to long-term strategic plan, and we are not in a hurry for the time being. However, the construction period of the university is relatively long. Su Yehao wants to put it in the Hong Kong City to attract talents from all over the world, especially the mainland, and drive the Kai Tak Cyberport and Hong Kong City Micro
The development of electronics companies.
then.
For two days in a row, Su Yehao personally visited several places to prepare a plan as soon as possible.
After looking around, I focused on the vacant land where Lao Li's family planned to develop the Cyberport. It is located on the west side of Hong Kong Island. It has a good scenery, and the transportation and life are also very convenient...