1127 Chapter 1126 Were Not Short of Money (seeking subscription!) (1/2)

House seemingly endless rain.

This is not rain.

Is it a knife?

A company runs out of liquidity and borrows to repurchase its own shares. If the two appear separately, it’s nothing. American listed companies almost always buy back their own shares.

It's just a different purpose.

If the stock price is stable, that is bad news.

If it's the end of the year, it's good news.

Obviously.

It is mid-year.

Yahoo's life-saving rhythm is difficult. Therefore, the market is very strong and immediately responded to this news. Many retail investors are prepared to take advantage of the repurchase funds to stop before they run out.

And after it was revealed that the funding chain dried up.

One bad news after another came out frequently.

Yahoo again confused,

”...”

It hurts. Yahoo’s board of directors is so angry that they want to scold their mother, but they can’t find a punching bag. Now, Yahoo’s several strategic mistakes have become marginalized, and the name is worth a little money.

They are quickly calculating what assets they can sell.

Just then Ali appeared in the field of vision.

Ali has not yet been listed.

The market value is difficult to estimate.

However, according to the amount of financing, plus Ali's industry status and future prospects, the valuation given by the relevant departments of Yahoo is about 7 billion US dollars, which is a more reasonable valuation.

Yahoo holds 39% of Ali's shares.

If it is all sold at a premium.

At least 3 billion U.S. dollars. This is still a conservative estimate. However, Yahoo is unlikely to sell all Ali shares in its hands. At most, it will sell half of Ali shares with a market value of 1.5 billion U.S. dollars.

Compared to the billion dollars invested.

It also made a lot of money.

And this time the buyer was Tang Qing.

A big wealthy man, they all want to'knock a fortune'. Therefore, their premium is 100%, which means that Tang Qing wants to buy half of their shares at least three billion US dollars.

”I don't think it's appropriate.” Yang Zhiyuan said at this time.

The others looked at him.

Cast a bad look.

Yang Zhiyuan is Chinese.

They preconceived that this was speaking for Tang Qing, and Yang Zhiyuan calmly explained it.

”First of all, we have to clarify one thing. In the future, what is the relationship between us and Tang Qing? If the transaction is successful, he will become one of Ali's major shareholders. Will we have a grudge with Tang Qing?”

”Secondly, with such a high premium, will Tang Qing agree that if he abandons the acquisition, the small cooperation may be ruined. In that case, as Ma Yun said, we may miss an opportunity.”

”Finally, and most importantly, if this transaction fails, it is not just a crisis in Yahoo's stock. The subsequent listing in Xiangjiang will affect Alibaba's stock price? This is a realistic question before us.”

A few questions were thrown out.

The meeting room became quiet.

”What do you think?”

Asked another Yahoo founder.

”We must first establish a consensus that these shares are sold for the purpose of obtaining funds, at least so that Yahoo’s operations will not have problems, and incidentally, to maximize the value of our investment.”

”So, I think 50% is a relatively reasonable premium. If it's too much, Tang Qing disagrees. Who do we sell to? SoftBank is impossible. Ma Yun will not allow anyone to independently control Ali's percentage. 50 or more shares.”

Yang Zhiyuan analyzed that Yahoo can decide how much to sell the shares, but Yahoo can’t make a unilateral decision on whom to sell to. Even if the island nation of SoftBank wants to buy it, Ma Yun will definitely not be willing.

The words came out.

Many directors quit.

”Only a 50% premium? Too little, Tang Qing is so rich.”

”Yes, at least ninety.”

”Yes, I think the premium is not more than two hundred.”

”...”

greedy.

It can make people lose their senses. Yang Zhiyuan sighed in his heart. The forest is big and there are all kinds of birds. Especially for this kind of Internet company with complicated shareholder structure, the quality of investors is really important.

Financing again and again.

Let him, as one of the two founders, have less than 4% of the shares.

If not for the founder.

It is estimated that no one listens to himself.

At this moment.

A major shareholder said.