Chapter 895 Giving Up Benefits
It is also because of Woaw’s success in the social field. The current share price of Woaw Technology has reached 43.45 US dollars. In the global IT company market value list released in the first quarter of this year, Woaw ranked 2200 It ranks fourth with a market value of US$1 billion.
Before Woaw, there are Apple, Microsoft and Google - it is worth mentioning that Google's market value is US$225 billion, which is only US$5 billion higher than Woaw.
Although Google now has no YouTube and Android companies, and its market value potential is much weaker than that of the original time and space, they have still entered the field of mobile instant messaging (Whatsapp) and video sharing through acquisitions, but in these fields Compared with Woaw's WoawChat and YouTube, the user share is much lower.
As for mobile operating systems, the GOS system has been basically abandoned by Google. At present, the main opponent of Android companies is Apple’s iOS.
At the same time, starting from the fourth quarter of last year, DS Holdings (Cavendish Trust) has begun to reduce its holdings of Woaw shares. In fact, in the first quarter of this year, Woaw’s share price was affected by the market and was slightly lower. In the fourth quarter of last year...
This is also related to the announcement by its major shareholder DS Holdings to reduce its holdings.
The total share capital of Woaw Technology is currently 5.06262 billion shares. Before the reduction, DS Holdings had been holding 2.2 billion Woaw shares, with a shareholding ratio of 43.45%; the second largest shareholder IC Capital holds Woaw Technology has 855 million shares, with a shareholding ratio of 16.89%.
However, because DS Holdings holds 200 million Class B shares in Woaw, its voting weight in Woaw exceeds 58%.
Since the fourth quarter of last year, when Woaw's stock price was above 45 US dollars, DS Holdings began to reduce its holdings. Until now, they have basically completed the reduction of approximately 500 million Woaw shares and obtained Nearly $19 billion in after-tax income.
After reducing its holdings, DS Holdings still holds 1.7 billion shares of Woaw Technology, with a shareholding ratio of 33.58%, which is significantly lower than before.
However, DS Holdings’ voting weight in Woaw remains at 51%.
The reason why DS Holdings began to reduce its holdings in Woaw Technology’s shares was not just for cash, but mainly for the future development of Woaw Technology.
After all, the previous shareholding ratio of DS Holdings in Woaw Technology was too high, which is rare among large IT companies in the United States. Just like Apple, Microsoft and Google, none of them hold nearly half of the shares. shareholders...
If such a shareholding ratio continues, a company of the size of Woaw Technology will inevitably arouse the dissatisfaction of many other capitals - they must always be given the opportunity to share profits. .
Currently, among the major shareholders of Woaw Technology are Sequoia Capital, Goldman Sachs, and Blackstone Fund, but this is not enough. There are also more large capital groups including Vanguard Group, BlackRock Group, and State Street Group, which have invested in Woaw needs.
Only by allowing more such capital to enter, most of the resistance will be reduced in Woaw's subsequent mergers and acquisitions and development. Otherwise, if you want to carry out a larger-scale merger and acquisition, you will have to counterattack. Monopoly investigation can make you drink a pot.
You don’t even need to carry out mergers and acquisitions, and you can directly conduct antitrust investigations driven by certain capital.
Just like when Woaw acquired Instagram last year, it aroused opposition from Google, Yahoo and other companies. At that time, the U.S. Department of Commerce also intervened in the antitrust investigation of the acquisition.
Even though Barron's relationship was strong enough, he only calmed down the matter after privately promising to reduce Woaw's shares.
After DS Holdings reduced its holdings in Woaw, capitals such as Vanguard Group, BlackRock Group, and State Street Group almost took over the shares he reduced. It can be said that Woaw Technology has been able to make it at the capital level at the same time. The competition of IT giants such as Microsoft and Google will not be hindered by special settings.
For this situation, Barron has long expected it. It is said that only by giving up can you gain. Otherwise, under the attack of other capital groups, Woaw's development will inevitably be curbed, and its market value will definitely not be too high. With great potential, even if you hold more shares, the wealth you can gain is limited.
After all, if you think about it, you will understand that we hold more shares in Microsoft and Google, so when Woaw faces their competition, do we still need to consider who to help?
Only under the premise that these companies all hold shares, they will not try to "bias". Anyway, whoever wins in the end, I will win.
In fact, Barron is also a beneficiary of this system. After all, it’s not just Linghang and BlackRock who say this. The Standard Chartered-Merrill Lynch Group he controls also does the same. The trillions of funds they control also need to be "spread equally" and invested in almost all large listed companies. of.
This competition is competition. As long as these companies occupying the middle and upper levels of the pyramid on earth continue to control most of the global economic interests, they will be able to maintain the growth of their asset scale.
Of course, unlike these capitals, Barron's has also used its friendly relations with China to invest heavily in many Chinese related industries.
That’s not to say that other capital has not entered the Chinese market to invest, but there are some restrictions on such investment, and because of their interests, those established Western capitals have not entered as much as Barron’s.
Even later, the Pilot Group reduced its investment in China...
After all, the logic of these American capitals is that there were no countries that could challenge American industries before, such as Germany, The Japanese countries were eventually suppressed by the United States. This long-term successful strategy also made them path dependent, believing that they could still do this and achieve their goals.
But Barron knew that this time was different.
After all, the only countries in the world that can be called independent at present are the three permanent members. If it were more specific, it can only be counted as three and a half, and a certain large Eastern country is counted as half...
< br>India: Exactly...
The same method may work for Germany and Japan, but it may not work for an independent country...
After all, from the earliest days, they were I walked out like this with gritted teeth.
This spirit, which is different from other "developed countries", is more or less imprinted in Barron's soul.
......
"Dear John, how are you doing?"
After hugging Barron, John Smith smiled brightly and said:
"Not bad, nice to meet you, Barron."
Barron came to the United States again. This time he sent Jenny directly back to Baltimore, the largest city in Maryland, where the headquarters of the Sinclair Group is located. John Smith had also returned to Baltimore from New York.
Speaking of which, it’s no wonder that the Sinclair Group chose this place as its headquarters. In addition to the fact that the Sinclair Group started by acquiring local TV stations in Baltimore, Baltimore’s location is also very good. It’s a short distance from New York. Less than 300 kilometers away, and only 60 kilometers away from the capital, Washington.
At the same time, Baltimore is also located on the west side of the top of the Chesapeake Bay and is one of the major ports in the United States.
This time when he comes to the United States, Barron needs to go to Washington to meet some "old friends" on Capitol Hill, and then go there from Baltimore, which only takes an hour by car...
(End of this chapter)