Before Yang Zhiyuan found Shengda, Sheng Tianqiao also faced the "Poison Pill Project" launched on Shengda's acquisition of Shengda, and Xinlang's "Poison Pill Project" made Sheng Tianqiao fall into a dilemma.

Purchase it strongly, at least spend more than 100 million US dollars, which makes Sheng Tianqiao very uncomfortable, and Shengda is not so much money; give up, Sheng Tianqiao is unwilling, of course, Shengda does not suffer.

After all, it is Xinlang's shares, and the stock price will definitely go back in the future.

At the time of Sheng Tianqiao's helplessness to Xinlang's "Poison Pill Project", Yang Zhiyuan found Sheng Tianqiao through Tang Jun. Tang Jun still had a certain influence on Wall Street. Therefore, Yang Zhiyuan would think of Tang Jun for the first time.

And Sheng Tianqiao faced Yang Zhiyuan's $ 100 million, and the financing conditions of Yahoo China, saying that it was unrestrained. Therefore, Sheng Tianqiao also made Tang Jun responsible for negotiating with Yang Zhiyuan.

However, before negotiating with Yang Zhiyuan, Sheng Tianqiao unilaterally rejected the financing conditions of Yahoo unilaterally.

So, Sheng Tianqiao asked Yang Zhiyuan curiously: "Mr. Yang, can I take the liberty to ask, why did the sharp Li Feng reject Yahoo's financing conditions?"

Hearing the problem of Sheng Tianqiao, Yang Zhiyuan remembered Li Feng, who was strong and domineering that day, and Yang Zhiyuan had never seen such a tough character. He couldn't help but have a little bit of heart. Yang Zhiyuan smiled embarrassingly and responded: "It may be Feng Rui's Li’s Li’s Li’s Lee’s Lee.

Mr. Feng Li can value your own control equity! "

Sheng Tianqiao watched Yang Zhiyuan's embarrassing answer. He didn't say anything, but just instructed Tang Jun to be careful.

During this time, Shengda and Yahoo analyzed each clause of the financing agreement, and finally achieved the final financing conditions. Yahoo 1 million US dollars were injected into Shengda, and then Shengda acquired Yahoo China.

Shengda Group's 4O%shares,

This not only refers to the listing of Shengda network, but also the entire Shengda Group, and Yahoo also has certain conditions for Shengda, such as profit, market value, etc. In the face of these harsh conditions, Sheng Tianqiao also agrees.

After all, after the huge amount of funds enter, Shengda's huge funds can completely crush Sina's "poison pills". Not only can they successfully acquire Xinlang, but also become the absolute controlling shareholder of Xinlang.

There is a guarantee.

A stack of thick contract clauses in Guangxian is so thick as the Xinhua dictionary. When the final signing of the Shengtianqiao, the Sheng Tianqiao hesitated again. The problem was on one of the clauses.

Within 5 years, you must control Shengda "."

Sheng Tianqiao is a proud man, and a person with ideals and pursuits. He is not a pure businessman. He does not want to let the capital kidnapped his company. At the last moment, he put down the signature pen and said to Yang Zhiyuan, "I think again"

Then, then

In this regard, Yang Zhiyuan also expressed his understanding, but he believed that Shengda could not escape his palm in the end, and only gave Sheng Tianqiao for two days of consideration.

On the last night, Sheng Tianqiao was still hesitant, standing next to the Huangpu River, watching the flowing Yangtze River, he thought a lot,

Thinking of the hard work when it was founded Shengda, the difficulty of Chinanet withdrew the capital, and the money on the book could only be wages for two months when the most difficult time; when I thought of the legend of the agent, it was hot.

At that time, it is not possible, and even, I can now pass Ding Leiden to the top of China at any time;

He stood by the river and kept looking at life and career -since he was founded Shengda at the age of 25, he has never had time to stop and think about what he really wants, and now the "box plan" is

Struggle,

In the end, Sheng Tianqiao also thought of Li Feng. For this enemy, Sheng Tianqiao always had a feeling of heart stamp. I hope to sit down with Li Feng to drink tea and chat.

Even Sheng Tianqiao has taken out his mobile phone to prepare to call Li Feng, but at the moment he dialed, Sheng Tianqiao gave up.

Luo Yan, the wife of Sheng Tianqiao, has always been with Sheng Tianqiao. Behind each successful man, there must be a successful woman, and Sheng Tianqiao can achieve such a great success. There must be a certain reason.

The main factor behind this is that Sheng Tianqiao has a good wife. Not only is he ability, but also a certain family background. Therefore, at each annual meeting, Sheng Tianqiao always respected his first glass of wine to his wife.

At this time, Sheng Tianqiao sighed to his wife Luo Yan: "Hey, why do people want to do something in their ability and change the world, why is it so difficult!

I'm afraid that Shengda will go to the city now. There is a mountain height, big fish to eat small fish, and small fish to eat shrimp. This is the unchanged law of survival. There will always be more powerful enterprises, more powerful capital

Want to eat my Shengda. "

It is a businessman who is "cold -blooded and ruthless". It always focuses on "maximizing profits" and "capital shareholders" as the benefit. For enterprise exhibition needs, it doesn't matter if you have only 8%of your shares in the end, even in the end

May be kicked out;

It is still a "emotional and ambitious" entrepreneur. With "dreams" as the center, he is willing to pay for "dreams". Do not pursue profits. Shareholders return, just want to do something seriously?

However, this decision that involves major strategies of the enterprise, and even this decision can change China's entire Internet market competition pattern, only and only Sheng Tianqiao made this decision.

Seeing that Sheng Tianqiao was unable to do it, so "lonely helpless", Luo Yan took the hand of Sheng Tianqiao and said hard: "If you do this, you feel unhappy, then don't force yourself.

Let's come back again. "

Facing the encouragement of his wife, Sheng Tianqiao thought about it. In the face of the flowing precipitation, he finally decided: "Shengda is mine, you don't need to give it to others!"

After speaking, Sheng Tianqiao directly called the Tang Jun in charge of the negotiations, announced that he rejected Yahoo's shares' request, and abandoned his acquisition plan for Xinlang.

It was just that Sheng Tianqiao couldn't think of it. In less than three years, Yahoo couldn't.

In this regard, Tang Jun is also very sorry. Time I want to acquire Xinlang next time, I do n’t have such a good chance.

When Yang Zhiyuan received Shengda's rejection of Yahoo's share plan, he was aggressive again. He was rejected twice in a row, making Yang Zhiyuan a little doubtful life.

Is it a business!

Are there any companies that are not short of money! Then look for the third -place China Internet company. If the top two in China are now the same, it is good to say that it is either Feng Rui or Shengda, but the third place in China is now the third place in China.

It's hard to say,

Just like Tsinghua University of Peking University is the top two schools in China, there is no doubt, and each one also said that it is the first place, but the third place in China is hard to say, Fudan, Zhejiang University, the National People's Congress ...

Saying that I am third place,

The current Chinese Internet is also. Netease, Xinlang, Sohu ... can be regarded as the third place in China, but these companies are all listed, and investment income will not be too large.

In this regard, Yang Zhiyuan asked Tang Jun: "President Tang, since Mr. Sheng disagrees, do you recommend any good company?"

Tang Jun thought for a while, and said, "If the most promising in China is now, it must be sharp, but except for sharpness, Shengda, if there are, I think Ali in Hangzhou is good, although I don’t know how the future of e -commerce will be

. ""

Don't look at Tengxun and Ali seem to be the most powerful competitors in the "Iron Throne", but their "behind -the -scenes hero" must have Tang Jun's "credit". When Tang Jun was in Microsoft, MSN could kill Tengxun at least twice times to kill Tengxun's.

Chance,

One was that when MSN first entered China, MSN did not add strangers to chat. As a result, when Tang Jun reacted to Bill Gates at that time, Bill Gates rejected it with MSN globalization. When Tang Jun repeatedly requested, Bill Gates made it directly.

Tang Jun signed a guarantee to ensure that the MSN could make a profit of $ 15,000 per year. At that time, $ 15,000 was a very large number.

The second is like Li Feng used the Batwood Tube "to directly block QQ. At least before 2OO 4 years, Tang Jun could use Microsoft's Indos to directly block QQ and use the position of Indos's domineering.

However, because Microsoft had just fallen into a "antitrust" lawsuit at that time, Tang Jun was afraid of adding trouble to Microsoft, but he did not sign again, so he finally achieved Tengxun's domineering status.

When Tang Jun was in Shengda, at the time, Yahoo first found Shengda. After the Shengdaqiao rejected Yahoo's share conditions, it was because Tang Jun introduced Ali to Yahoo, and finally achieved Ali's dominant position. Therefore, Teng, Teng, Teng, Teng, Teng, Teng, Teng, Teng

News and Ali's "behind -the -scenes contributor" has the "credit" of Tang Jun, it still makes sense.

Therefore, Yang Zhiyuan also found Ali in Hangcheng according to the tips from Tang Jun, and Yang Zhiyuan was also a little impressed with Ali. Not only because Softbank is an investor in Ali,

Moreover, Ali Ma Yun also had a relationship with Yang Zhiyuan. As early as 1997, Ma Yun received Yang Zhiyuan at the e -commerce center of the Ministry of Foreign Trade and Trade, and also climbed the Great Wall with Yang Zhiyuan.

When Yang Zhiyuan found Ali, Ali was still fighting with Yi Fun, and because Ali was a free strategy, and the support of eBay parent company behind Yi Fun, Ali already had a bit of food, and survival became a problem.

Facing Yang Zhiyuan's financing requirements for the door, Ali didn't think about it, and accepted it directly. Even Ma Yun was going to get something more from Yahoo,

As a result, Yang Zhiyuan refused if he didn't want to, and directly put the thick -stacking contract terms that he talked to Shengda in front of Ma Yun. "This is the financing clause we talked to Shengda.

It is impossible to pass Shengda, and the valuation of 1.5 billion US dollars in advance. If there is no problem, sign it directly. "

Ma Yun looked at it and didn't say anything. It was very refreshing and signed his name on it. At this point, Yahoo's money finally put it out.

Let us review the entire incident, Yahoo sells Google's shares in advance in order to please Wall Street, pushing up his stock price, and made a lot of investment with this money.

,,

As soon as he came up, Yang Zhiyuan first found the most potential sharp sharpness, but because Yang Zhiyuan changed the contract without authorization, he was directly bombarded by Li Feng; then, Yang Zhiyuan found Shengda through Tang Jun again, but because Sheng Tianqiao was afraid of losing his opposite Sheng Sheng Sheng Sheng Bridge

Da's control equity also refused; in the end, Yahoo found Ali, and Ma Yun finally agreed very quickly.

So, as soon as I entered 2OO 4 years, Yahoo reputes Ali's 4O%shares with 1 O. U.S. dollars and Yahoo Chinese assets, and Ma Yun also directly invested in all risk to "clear the market" through this financing.

In the contract, there is a priority to increase the equity to avoid being out of the situation, but Feng Rui also added 5oo Wan dollar investment to Ali.

The final Alibaba's equity structure is Yahoo 4O%, Ma Yun and Ali's team 28.4%, SoftBank 26.6%, and Feng Rui is still 5%of the shares, but the price of this transaction is Ma Yun and the founding team of the founding team.

The status of Ali's largest shareholder, which also laid the shares of repurchase in order to remove the "irregular bomb" of Yahoo, to remove Yahoo, and laid a foreshadowing.

However, in accordance with the contract, in the next 5 years, Yahoo entrusts 5%of the voting rights holding to the Ma Yun team in the next 5 years, so that the Ma Yun team has 38.4%of the voting right, of which 28.4%will be Ma Yun.

The team's own, the other 5%is Yahoo, and 5%is sharp. This also guarantees that in the next 5 years, the control of Ma Yun's team will basically not be challenged.

After the agreement was signed, both parties also held a press conference with great joy, announcing the major news of Yahoo investing in Ali, but the media gave different titles on the marriage of Yahoo and Ali.

The titles of foreign media are "Yahoo merged Alibaba, which accounts for 4O%of the shares, and the price is $ 100 million", and the Chinese media's evaluation is "Alibaba Whales swallowed Yahoo China, Yahoo One billion US dollars".

Who did Ali and Yahoo acquire? This topic is very loud for a while.

No matter who you buy, but Ali has a cash of 100 million US dollars in cash, it is undoubtedly true.

In this era of "capital is king", Ali "blocks the gods, the Buddha blocks the Buddha" in a time, not only holding eBay to the ground, but also being visited by senior officials in Zhejiang Province.

Ali's exhibition.

The rise of Ali is unstoppable!

Of course, Ma Yun, who is at a time, has a troublesome thing, that is, Zhou Hongyi, the current president of Yahoo China, is ready to leave and leave.

Speaking of which, this time Yahoo's investment incident also involved a piece, that is, everyone has always ignored Yahoo China. In fact, when Yahoo is about to sell Yahoo China, Yahoo China already knows.

However, Yahoo did not solicit the opinions of Yahoo China from the beginning to the end, so Yahoo China felt that he was kicked like an irrelevant skin ball, sold three, and finally had Ali accepted himself.

And Zhou Hongyi's 3721 he founded after selling Yahoo for $ 120 million, he has been the president of Yahoo China, and under the leadership of Zhou Hongyi, Yahoo China has also achieved the last profit of history.
To be continued...