Top of the Great Era

Boss Ma's level of business management is really not good. He has ignored the practice for many years because of the collective opposition of the internal management.

Whatever business he manages, he must die.

However, this does not affect that he has the qualifications of a world-class entrepreneur, superb strategic design ability, firm belief, strong courage, and the ability to know people... Another very important point is the ability to operate corporate power.

Ali’s business in the early years was very difficult, and it was on the brink of death several times. At the critical moment, foreign capital helped save the market, so Ali’s shares were basically taken away by foreign capital.

Boss Ma's personal shareholding is also extremely low.

However, Ali’s failure to live up to expectations in the past few years made him have no confidence to compete with Softbank and Yahoo for additional voting rights...so Ali has always had the same shares and the same rights internally.

As many shares as you hold, you have as many voting rights.

This makes Ali's entire management very passive.

Fortunately, there is a horse boss.

He played well with SoftBank and Yahoo.

Softbank's voting rights are 30%, and Yahoo's voting rights are 40%, which means that Boss Ma can control the company as long as he wins the support of either Softbank or Yahoo.

Boss Ma was very straightforward and chose Softbank directly. By building a good relationship with Sun Zhengyi, he even became a director of Softbank, so as to obtain the support of Softbank to ensure the management's control of Ali.But this is not a long-term solution after all, how can we pin our hopes on outsiders?

Boss Ma will completely solve this problem when he makes a move against Yahoo this time.

Zhou Buqi didn't feel it before, but this time he saw it. Boss Ma's level of power and strategy in the enterprise is really brilliant, and he made fun of Sun Zhengyi.

Boss Ma didn't admit it.

Zhou Buqi went to expose him, and said with a smile: "Let Masayoshi Son take over the Yahoo acquisition case, and accept his plan to introduce Blackstone Group and Bain Capital. At that time, once the acquisition fails, The person responsible is Sun Zhengyi, and it has nothing to do with you."

Boss Ma couldn't control his expression any longer, he laughed angrily at this kid, it wasn't that he was wrong, but that he was right, "Continue! Go on, what more nonsense can you talk about? "

Zhou Buqi said: "If Sun Zhengyi manages to buy Yahoo, it will definitely fail. Yang Zhiyuan is Chinese, and his relationship with you is better than his relationship with Sun Zhengyi. So, on the surface, let Sun Zhengyi represent the three parties, go Discuss the acquisition with Yahoo's board of directors. Behind the scenes, you will have other plans with Yang Zhiyuan."

Boss Ma refused to accept it, and snorted coldly: "Is this possible? Isn't this against business ethics? Here, I cooperated with Softbank, Blackstone Group and Bain Capital to acquire Yahoo, and I secretly contacted Yang Zhiyuan privately. Even if it succeeds What’s the point? Didn’t you offend Softbank, Blackstone, and Bain Capital?”

Zhou Buqi smiled and said: "So this is your brilliance, let Sun Zhengyi come forward to handle this case. At that time, Sun Zhengyi failed to acquire Yahoo, but you officially announced the cooperation with Yahoo half a year later. Blackstone Even if the group and Bain Capital have complaints, they will think that Masayoshi Son’s level is too poor, and that Masayoshi Son has teased them, shifting the responsibility for failure to Softbank, and let Softbank take the blame.”

Boss Ma shook his head again and again, "You have such an imagination, you really should become a screenwriter and make a movie."

Zhou Buqi pointed to his chest and said with emotion: "Now I also want to understand why you didn't even notify me of such a big event. Anyway, I still have some influence in Silicon Valley. It can help you a little bit. Now it’s clear, you are showing loyalty to me. You don’t want to tease me like you teased Sun Zhengyi.”

Boss Ma's poker face could no longer be restrained, and he said with a smile: "You can really be sentimental."

Zhou Buqi winked, "Don't tell me, I'm quite touched after understanding the twists and turns here. After all, Sun Zhengyi is a foreigner, and we are our own people."

Boss Ma smiled and said, "Keep on talking, the level of storytelling is quite high and interesting."

Zhou was not polite, and continued to tell the story, "Now Yahoo is in great trouble, and there are two ways in front of them, either sell it, or hire a new CEO to start again. However, the previous CEO has put The cash flow in Yahoo’s account has been squandered, and Yahoo’s situation is so bad that it has been difficult to obtain new loans or financing. Now it is just in the transition period from PC Internet to mobile Internet, and it will cost a lot of money to do it. This matter is to lead Yahoo’s layout and development of the mobile Internet. If Yahoo’s board of directors cannot raise enough funds, the new CEO will be a poor woman, and will not even take office at all.”

Boss Ma drank his tea sullenly, and changed into the poker face he had just now.

Zhou Buqi smiled and asked, "Am I right? I just came from Australia, and I really don't know much about Yahoo. I guessed it all from a few words."

Boss Ma laughed and said, "Okay, don't be fooled, you've already read Yahoo's relevant materials several times, right?"

"Hearing what you said, I'm relieved. It seems that I'm right." Zhou Buqi nodded, quite satisfied. He really didn't read any Yahoo materials. He just heard what Senior Sister Zhenyu said. The situation of all parties is mainly based on his personal judgment, "So in short, there are only two ways for Yahoo, one is to sell; the other is to find new funds, and then stand up and fight again."

Boss Ma said angrily: "How dare you say that you don't understand Yahoo's situation?"

Zhou Buqi said sincerely: "Really, I reasoned it all out. Listening to your tone, I know I'm right. Then the next step will be easier. If you take the road of selling, the first thing is Yahoo! There is disagreement in the board of directors, Microsoft’s offer of US$446 billion three years ago is still vivid in my mind, how much can I sell Yahoo now?”

Boss Ma asked, "What if they really want to sell?"

Zhou Buqi said: "If they really want to sell it, it's not in your interest."

"why?"

"If Yahoo really chooses to sell, it must be approved after a very complicated internal competition. Moreover, Yahoo is a listed company, which increases the difficulty of the sale process. In addition, there are third parties such as Blackstone Group and Bain Capital. Capital institutions are involved, and all parties have different auditing standards... Coupled with constant bargaining, it is difficult to convince the regulators that the entire transaction case will not be completed within a year or two."

"Well, that's my opinion too."

Boss Ma sighed, and finally began to express his point of view.

Zhou Buqi said with a smile: "If you really come to this point, it will be too bad for you. Now, the domestic group buying wave has just collapsed, and the domestic e-commerce industry is in depression. In addition, Ali's B2B business is in the Hong Kong stock market. Its stock price has been falling, and now should be the period when Ali’s valuation is the lowest. It’s an example of a 5% financing that only raised $16 billion.”

"You have such a broad mind."

Boss Ma's words were a tacit consent to his statement.

The default is to agree.

Zhou Buqi said: "The best way to suit Ali's interests is to complete the transaction with Yahoo as soon as possible without delay. Once the delay is delayed, the domestic e-commerce environment will improve, and Ali's valuation will rise. The cost of getting the shares back from Yahoo has increased significantly."

Boss Ma was silent for a while, and finally opened the conversation, "The main reason is not to have long nights and dreams. Although Yang Zhiyuan is no longer the chairman of Yahoo, nor is he the largest shareholder, he is the founder after all, and he has a huge voice in Yahoo's board of directors. He will not be willing to sell Yahoo, at least he will not end up in such an embarrassing end three years after rejecting Microsoft's $446 billion offer. Once internal and external forces are pressing, everyone is pushing for the sale of Yahoo. It might get out of control by then."

Zhou Buqi took it seriously, "Well, the night is long and dreams are full of dreams, so we should be vigilant."

Once Yang Zhiyuan is annoyed, it is really possible to jump over the wall in a hurry.

Yahoo is his painstaking effort and a career achievement of his life. If Boss Ma deliberately destroys him, he may be killed with a single trick.

It's a bit difficult to fire Boss Ma, but he can operate by selling part of Yahoo's stake in Ali to Softbank or a Japanese institution.

At that time, Softbank will have more than 50% of the voting rights in Ali, and it will be able to control the board of directors, which will be a disaster for Ali.

Boss Ma told the truth, "Yang Zhiyuan doesn't want to sell. Sun Zhengyi is not afraid, but I am very worried. Anyone can force Yang Zhiyuan, but I can't. I want to coax him to come, and take advantage of the current conflict between him and Sun Zhengyi And the differences on whether to sell Yahoo, to seek the most real interests for Ali."

Zhou Buqi suddenly realized: "Letting Sun Zhengyi to manage the game, there is such a meaning, it can intensify the conflict between Sun Zhengyi and Yang Zhiyuan. The greater the conflict, the greater the room for operation in the middle."

Boss Ma said with a sigh: "I have communicated with Yang Zhiyuan several times. He doesn't want to sell Yahoo. Three years ago, Microsoft's offer of 446 billion US dollars was a stab in his heart. What he hopes most is to get a sum of money. Then find a new suitable CEO for Yahoo, lead the company to set sail again, and reshape Yahoo's brand in the era of mobile Internet."

Zhou Buqi smiled and said: "So this is your chance. You want to take back the power, and he wants to get cash. With Ali's current low valuation, he has to transfer enough shares to get a sum that is enough for Yahoo! Funds making waves in the era of mobile Internet.”

In the previous life, Ali took back 76% of the shares from Yahoo at a price of US$20 billion, which means that Ali's valuation in this transaction is only US$380 billion.

Really can't have long nights and dreams, and trade as soon as possible.

If it is delayed for a few more years, Ali's overlord aura will no longer be concealed, and he will dominate the world arrogantly.At that time, if you want to withdraw the stock again, the price will be too high.