Chapter 465 The Duke's Heir
Even though the market value of Woaw Technology continues to rise after its listing, and currently exceeds 18 billion US dollars, Barron still has nothing else to be happy about...
< br>On April 25, under everyone's expectation, Bonnie Stuart gave birth to a baby boy.
Although the gender of the baby Bonnie was carrying was known earlier through ultrasound, her smooth delivery was still something to be happy about.
And this also means that Barron's first son was born. This boy named George Cavendish will become the heir to the Duke of Devonshire in the future.
What’s interesting is that George inherited a pair of emerald green eyes from his mother, Bonnie Stuart. In addition, the outline of his facial features is almost printed in the same mold as Barron, and the slightly wrinkled skin After unfolding, it looks very cute, like a little angel.
As mentioned before, in addition to the title of Duke of Devonshire, Barron at this time also had the title of Marquis of Harrington, and George Cavendish first inherited it after his birth. He took the title of Marquis of Barron and became the new Marquis of Harrington.
I have to say that being born into such a family, George Cavendish can be called the "chosen son".
From the first moment George was born, there were more than 10 maids responsible for everything about him. It can be said that even when he was sleeping, there were more than two maids waiting aside at any time. On call.
Chris, Countess of Bute, also came to visit little George with her daughter Ethel, who was about to turn two years old. Ethel looked at her newborn brother with wide eyes, full of joy in her eyes. It's a look of curiosity.
"This is your brother, baby. When he is older, he can play with you..."
Barron hugged Ethel, put her next to George, and said to her softly.
"ba..."
Ethel made a short sound in her mouth, stretched out her chubby little hand, and seemed to want to touch George, but was hugged by the Countess. He got up:
"Children are not serious or serious. George is still so young. Let them play together when they are older."
...
On May 6, the results of the London District Council election came out. Jo Harriman was successfully elected for Greater London with her clear-cut anti-war and call for protection of vulnerable groups during this period. Member of Slington District Council. Being able to serve as a district councilor under the age of 26 is already extremely outstanding.
For this reason, Joe Harriman was included in the A-level training list based on her label of young + female + minority.
It is also worth mentioning that, also this year, another young Conservative woman was also elected to the Greater London Borough Council - but to Greenwich Borough Council.
Her name was Truss and she was five years older than Joe Harriman.
Although she has served as a district councilor, it does not affect Joe Harriman's continued work at SEM Group. However, she still resigned from her position in the strategic mergers and acquisitions department of SEM Group and only retained her job as moderator.
Because the additional income of district councilors needs to be announced, she is also in order to reduce matters that are likely to cause criticism. By continuing to serve as the host, she can also ensure her popularity among the public and use her influence in the program. Appearing on camera to express her views on many things helps her become a "political star".
……
“Google has increased the acquisition price to US$2.5 billion, which is very attractive.”
This is a call from Ivanta, After the successful listing of Woaw Technology, it launched an acquisition of DoubleClick, owned by IC Capital, and the proposed acquisition price was US$2 billion.
DoubleClick was acquired by IC Capital managed by Ivanta at the beginning of last year for US$1.1 billion.
This company was once the largest Internet advertising company in the United States. During the Internet bubble in 2000, its market value exceeded US$10 billion.
However, as the Internet bubble burst, DoubleClick's market value fell by more than 95%, reaching its lowest of only $350 million. DoubleClick has indeed gone through difficult times, but after the acquisition by IC Capital and with the support of its funds, they have worked hard to regain their position in the Internet advertising field and now have nearly a thousand high-quality corporate customers.
Now Woaw Technology hopes to strengthen its profitability in the advertising business after acquiring DoubleClick. According to their estimates, after acquiring DoubleClick, whether it is Woaw or DoubleClick, its business will be able to be strengthened.
Woaw Technology plans to build an open advertising platform based on DoubleClick, so that not only the large corporate customers currently owned by DoubleClick, but also small advertisers can get Woaw's flexible advertising package options.
The current form of Internet advertising is still dominated by text advertising. Now, whether it is Google, Yahoo or Woaw, most of the advertising revenue comes from this.
But everyone can see that with the development of the Internet in the future, image and video advertising will be the most popular form of advertising among users.
Next, Woaw also hopes to cooperate with DoubleClick to conduct research and attempts in this area.
But not just Woaw, companies such as Google and Yahoo can also see this trend and the importance of DoubleClick.
However, the demands of the two companies are also different.
For example, Yahoo itself, their advertising business has already been developed relatively deeply at this time. They just do not want Internet advertising competitors such as Google and Woaw to strengthen, especially Google.
As for Google, in the original time and space, it started to contact DoubleClick for acquisition in the second half of this year. Now that Woaw has taken the lead, they are naturally not willing to lag behind and have proposed a higher price, hoping to intercept it.
It can be said that the current market value of Google is close to 120 billion US dollars, while Woaw is less than a fraction of it. In terms of strength, Google is still much stronger.
But in the end, Barron is behind IC Capital itself. It can be said that the script has been written long ago...
Next, in the competition between several companies, DoubleClick's acquisition price was constantly refreshed, and finally reached the figure of 3 billion U.S. dollars...
The acquisition price of 3 billion U.S. dollars was proposed by Google. , they hope to make this acquisition in the form of cash and stock.
But in the end, Woaw Technology had the last laugh. They signed an agreement with IC Capital to issue an additional 660 million new shares to IC Capital to acquire DoubleClick, a company it owns.
On the day the acquisition agreement was reached and made public, Woaw's stock price rose 5% to $4.75.
Based on this price, Woaw Technology’s acquisition of DoubleClick this time reached US$3.135 billion.
In this way, after issuing new shares to acquire DoubleClick, Woaw's total share capital has reached 4.582 billion shares.
DS Group (Cavendish Trust Fund) holds 2.2 billion Woaw shares, accounting for 48% (possessing 62.7% of voting rights).
IC Capital holds 660 million shares, accounting for 14.4% (10.34% of voting rights).
After completing this acquisition, DoubleClick will be merged into Woaw and merged with its original advertising department to establish Woaw's open advertising platform.
When IC Capital acquired DoubleClick, the premium reached 50% compared to its market value, and it cost a total of US$1.1 billion.
But just over a year later, he sold the company for more than $3.1 billion and became one of Woaw's major shareholders.
Of course, there are also factors that accelerated the recovery of the entire Internet industry after the last Internet bubble burst - just like Google, compared with its market capitalization of US$23 billion when it went public in 2004, The current market value has expanded five times!
But no matter what, for this successful investment of IC Capital, the public and the media once again praised its CEO Ivanta.
(End of this chapter)