Chapter 507 Setting up a stage to sing an opera
Listening to Li Dongling’s words of “stop pretending” and “showing off”, Himalaya Radio is used to put old wine in new bottles, to put a new vest on the parent company, and then Get on the Nasdaq!
This actually made Jim Clark, Moritz, and Dixon in the conference room somewhat silent.
This method of replacing old wine with new bottles has not yet become popular, but in a few years, it will not be so new. Companies such as General Electric, Enron Group, and Time Warner in America, including the current Disney and others, who like to ignore the Internet, have begun to "embrace" the Internet.
These giant companies acquire Internet companies and launch their own energy trading websites, e-commerce websites, etc., and they have a lot of fun. Because of playing on the Internet, stock prices can really skyrocket!
It's not that these companies suddenly fell in love with the Internet, but in the face of plummeting stock prices and pressure from Wall Street, they had to enter the Internet industry to increase their stock prices, even if they were just acting on occasion.
Feiyan Technology is just one step ahead, setting an example for its peers, telling them how to cut leeks, or how to transform into informatization and become a modern company...
"From the moment Himalaya Radio went online, Feiyan Technology has been an Internet company, and no one can question its identity!"
Li Dongling glanced at the people in the conference room and looked at them He said, still with a warm smile on his face, and his tone was not serious, but everyone in the conference room knew that no matter whether Li Dongling was playing the trick of calling a deer a horse, no one in the conference room today dared to question whether Feiyan Technology is an Internet Company, I'm afraid they will all be kicked out!
The key is, are Netscape, Yahoo, Sequoia Capital, and Citigroup in the conference room willing to be driven away in such a dejected manner? !
Nowadays, Himalayan Radio is a hot potato, and anyone who gets involved will get huge rewards. This is Li Dongling’s confidence to call a deer a horse.
Similarly, if Netscape can invest or take a stake in Himalayan Radio, it can boost the stock price. It will also bring Himalayan Radio into the Netscape camp. Yahoo can also use Himalayan Radio to gain traffic and popularity.
As long as Sequoia Investment and Citigroup obtain the equity of Himalayan Radio, according to the current popularity, what needs to be considered is how many times the dollar return will be obtained!
Who wants to have trouble with the U.S. dollar, especially in a country like America, where as long as there are U.S. dollars to earn, they are willing to do whatever they want, not to mention Li Dongling’s false accusation, which is nothing at all!
Dixon said at this time, "Himalaya Radio is listed separately, and Feiyan Technology is listed as a whole. These are two completely different concepts!"
If Himalaya Radio were to be listed on its own, it would survive with a valuation of only a few hundred million US dollars. However, Feiyan Technology's overall listing is estimated to have exceeded one billion US dollars at the beginning. It was listed with a valuation of more than one billion US dollars and was listed on Nasdaq. , can be regarded as a little overlord-level existence.
"This is also the reason why Feiyan Technology invites you to come. I believe that as long as you are willing to support it, Feiyan Technology will definitely be listed on the Nasdaq!"
Yao Luoying also said. , Her words sounded like she was praising Sequoia Investments and Citigroup, but on the other hand, if they can't help Feiyan Technology get listed on the Nasdaq, then why are they left to do nothing?
If it were other Internet companies, including Netscape, who dared to say this to Sequoia Investment, Moritz would have slammed the door and left.
Silicon Valley venture capital companies have always taken control of Internet start-ups. When will it be the turn of Internet companies to take control? But in the face of Li Dongling and Yao Luoying, Moritz could not slam the door.
As Li Dongling said just now, Himalayan Radio is just a department of Feiyan Technology. It can make Feiyan Technology even better, but even if it stretches the crotch, it will not endanger Feiyan Technology, let alone Dongling behind it. With the existence of high-tech, it is impossible to control Himalayan Radio.
Another point is that if Sequoia Investment takes advantage of Himalayan Radio, Feiyan Technology will not be able to deal with Sequoia Investment in America’s territory.
However, after Sequoia Investment, it is estimated that it will be insulated from the inland Internet industry, and even the entire Asian Internet market, Sequoia Investment should not count on it, because... that is Feiyan Technology’s parent company Dongling High-tech The basic disk!
In America, Feiyan Technology relies on the dock invested by Sequoia. Tanglin Hi-Tech is not critical, but in Asia and inland, whether it is Sequoia Investment or other venture capital companies in Silicon Valley, facing Donglin In Ling Gaoke, a tiger must lie down and a dragon must coil up.
In the interior, it’s hard to say how much Tanglin Hi-Tech can help Sequoia invest, but if you want to do something bad, you have everything you need, and you have plenty of means!
The atmosphere was a little dull for a while. Moritz and Dixon were both calculating how much they would pay if they invested in Feiyan Technology.
After a slight dull moment, Yang Zhiyuan was the first to speak, "Mr. Li, I hope that Yahoo can complete an equity swap with Himalaya Radio!"
Unlike Sequoia Investment and Citigroup, Yahoo can't generate much cash flow, so it can only exchange shares for acquiring the equity of Himalayan Radio.
"If it is an equity swap, we hope that Feiyan Technology will exchange 3% of the equity for 8% of Yahoo!" Zhou Hualiang said. This has been discussed before, and the reason why he If you dare to mention such a condition, it is naturally because Feiyan Technology is now "more valuable" than Yahoo!
The popularity of Himalaya Radio exceeds that of Yahoo, and the annual revenue of Feiyan Technology even surpasses Yahoo. Using 3% of Feiyan Technology’s equity in exchange for 8% of Yahoo’s equity, it is considered Feiyan. Technology is "suffering".
After hearing the equity exchange conditions proposed by Zhou Hualiang, Yang Zhiyuan and Yahoo President Kugel did not refute immediately, indicating that in fact, they also agreed that Feiyan Technology was more valuable than Yahoo.
After all, Feiyan Technology’s annual profit can exceed 170 million US dollars. By exchanging equity with Feiyan Technology, it can increase the popularity of Yahoo and get dividends. No matter how you calculate it, it is not a loss. , even taking advantage!
Kugel discussed with Yang Zhiyuan in a low voice, and then looked towards Moritz. Sequoia Investment was also one of the major shareholders holding 19% of Yahoo!
Kugel and Moritz went out one after another, and after making a few more phone calls, they returned to the conference room and said to Li Donglin, "Yahoo is willing to accept an equity exchange!"
Yahoo and Feiyan Technology reached an equity exchange agreement. Yahoo's major shareholders, including SoftBank, Sequoia Investments, Yang Zhiyuan, Ferro, including Li Dongling's Zhixing Foundation, have all lost part of their Yahoo shares.
After the completion of this equity exchange, the Yahoo equity held by the Zhixing Foundation has shrunk to about 5%.
But correspondingly, Feiyan Technology’s shareholding in Yahoo has reached 8%. Zhixing Foundation and Feiyan Technology together hold more than 13% of Yahoo’s shares, officially becoming Yahoo’s fifth Major shareholders also have the power to influence Yahoo's decision-making power.
If Yahoo’s stock price can reach the level of its previous life, how many US dollars will the equity be cashed out? !
As the chief of Yahoo, Yang Zhiyuan is very satisfied with this deal. Zhixing Foundation and Feiyan Technology are both industries owned by Li Dongling. Li Dongling is now his most important supporter on the Yahoo board of directors. Li Dongling holds The more equity some Yahoo has, the greater their voting rights on the board of directors. Naturally, Yang Zhiyuan’s power in Yahoo will also increase!
Moritz, who also came back, also started to make an offer from Sequoia Investment, "Sequoia Investment is willing to invest US$90 million in exchange for 10% of the equity of Feiyan Technology!"
Moritz knew it , We cannot treat Feiyan Technology with common sense. It is simply unrealistic to acquire 30 to 40% of the equity of Feiyan Technology for one or two million US dollars just like when we invested in Yahoo. Now Sequoia Investment has already Having lost the initiative, it had no choice but to increase the valuation of Feiyan Technology.
Ninety million US dollars, as soon as it came up, raised the valuation of Feiyan Technology to US$900 million. This valuation was already a bit scary.
But faced with Moritz's asking price, Zhou Hualiang said dissatisfiedly before Li Dongling and Yao Luoying could speak, "Mr. Moritz, this offer is really too low. Other investment institutions are Himalayan Radio The valuation has exceeded 600 million U.S. dollars. Is Feiyan Technology’s mini radio business, which earns 100 million U.S. dollars a year, only worth 300 million U.S. dollars?”
“Aviation, banking, insurance, Companies in the automotive, petroleum, chemical and other industries have higher profits than Feiyan Technology, but what is their market value?" Moritz said with a sneer.
Li Dongling shook his head and retorted, "But Feiyan Technology is different from them. Feiyan Technology is an Internet company. Compared with its Internet peers, it has a revenue of over US$700 million. Compared with traditional industries, it has Internet company!”
Hearing this, Moritz was speechless for a moment. This was just a hooliganism, but when he thought about it carefully, it seemed to make sense!
Once Feiyan Technology is successfully listed, it will rely on the Internet and have the revenue of a traditional company. Doesn’t this create a natural room for speculation? !
Jim Clark and Dixon's eyes lit up. They all thought about the tricks involved in promoting Feiyan Technology as an Internet. Coupled with its revenue, the stock price of Feiyan Technology would be unimaginable. It’s hard to be pulled by an explosion!
Li Dongling has paved the road and set up the stage. If Wall Street institutions don’t know how to play, it will really be unjustifiable.
Even if someone can see that Feiyan Technology is playing tricks, so what if they know that Feiyan Technology is selling dog meat at the expense of sheep. As long as the stock price is raised, the leeks will make US dollars, and there will be people flying. Yan Technology defends!
Moritz naturally understood this, and looking at Dixon's expression on the side, it was obvious that he was moved.
“For US$150 million, Feiyan Technology can transfer 10% of its equity!” Li Dongling also quoted the price.
(End of this chapter)