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There were very few guests staying in the huge banquet hall, most of them were middle-aged and elderly people, and the guests, including Grand Commander George, all went outside to listen to the shocking big coffee concert on the spot.
At the inauguration ceremony of General George George, Michael Jackson was invited to perform live, which shows his love for rock music.
What's more, today's carnival night, where superstars and celebrities gather, must not be missed.
Beyonc¨¦, Jesselle Ruth, Britney Spears, Puff Daddy, Latin American diva Lopez, bluegrass music leader Alison Krauss, these red to purple big names will be on stage It is an extremely rare music festival to perform and show off your singing voice.
in the night
The two gentle hills in the Mediterranean manor are next to each other. On one side is a towering French palace building, and on the other side is a performance stage rebuilt from a horse farm, only a few hundred meters apart.
There are countless colorful lights, illuminating these two mountains like daytime, showing a blurred and dreamy color.
In the French palace, you can also clearly enjoy the performance, but it lacks the taste of carnival.
George and his family prefer to stand by the stage and feel the shocking rhythm of the music for themselves, and the blood boils when the music is played.
Sitting is absolutely impossible, you have to stand and sway to the rhythm to be strong enough.
"Boss king, don't worry about that Texas cowboy, let's talk about some serious business quietly. I just found out today that you are like Alibaba with a huge treasure. There are too many good things. We have enough room for cooperation. Let me introduce you , Mr. Fanning, top partner of Goldman Sachs, president of the US region, and my best friend on the board."
Mr. Merck was not interested in rock music, so he introduced a tall and thin old man with gray hair to Wang Yaocheng, who had the unique arrogance of white old money.
Mr. Fanning offered his hand;
"Nice to meet you, Boss King, we met last time at George's inauguration ceremony, but unfortunately we didn't have the chance to chat more."
"I'm sorry about that, too."
Wang Yaocheng stretched out his hand and shook it, and found that the other party's hand was weak, and the handshake was just a formality; "You are welcome, this is the honor of Mediterranean Manor."
Mr. Fanning said;
"Now the cooperation opportunity is here. Goldman Sachs may make a big deal. Can we talk slowly in a place where no one will disturb you? I guarantee you will be interested."
"You can go to the cigar room on the second floor."
Wang Yaocheng took a look at Bill Gates and Steve Ballmer next to him. These two are old friends who can't be more familiar;
"Guys, I guess this proposal is inseparable from you. I am very interested to know which company you are interested in. Let's go up and smoke a cigar together."
Bill Gates is still always gentle and gentle; "Boss King, don't worry! You can keep your Marvel animations. Microsoft has no intention of developing into the entertainment industry. We can also talk about cooperation in the field of charity. I Always been interested in it."
"In that case, News Corporation's Murdoch and Time Warner's Turner should be in a hurry, ohGod! Damn Bill, you don't want me to donate the business to you, do you? Hmm" Wang Yaocheng looked question.
Bill Gates suddenly laughed;
"Hahahahow come? I'm a good trader, remember Netscape?"
"Of course I know that it is worth more than 6 billion US dollars now. It was more than that when you took it away from me."
Wang Yaocheng walked to the second floor with several industry leaders, not forgetting to joke; "You Microsoft ruined this promising company. The original Netscape Navigator browser was the king of the market, but now it is Your IE browser dominates the market, and there are dozens of other browsers that cannot be named, and this market has been turned into a mess."
"It's also thanks to you, Yahoo's browser market share is not inferior to that of IE browser." Steve Ballmer couldn't help but countered.
Wang Yaocheng stopped in his tracks, looked at Steve Ballmer in surprise and said, "Steve, I finally understand, it turns out that you guys are after my Yahoo company idea."
"Why, can't it?"
"Strictly speaking, I am a businessman. As long as the price is right, there is nothing that cannot be sold."
Wang Yaocheng spread his hands together; "Yahoo is a leading company in Silicon Valley, you must come up with a bargaining chip that makes my heart beat. I don't think there are other things that I can value other than Microsoft stock."
??
in the United States
Not all companies are Buffett, unwilling to invest in high-tech Internet companies.
Large multinational pharmaceutical companies committed to diversified development saw investment value when Microsoft was affected by the bursting of the Internet high-tech bubble and its market value shrank sharply.
I have to say, this is a very shrewd investment!
In the future, Microsoft will grow into a trillion-dollar super-large enterprise. In the field of network high-tech, its own monopoly resources will make people salivate.
It should be a very proud strategy of these large multinational pharmaceutical companies to have the opportunity to start.
With the combination of these powerful companies, the bargaining chips handed over are very attractive.
Think back to the beginning
It is still Wang Yaocheng who revealed the export style, and he is very optimistic about large pharmaceutical companies, Micron, Texas Instruments, and Intel.
Unexpectedly, the side army did not come, but the lord did not come.
?Compared to Yahoo, which has little room for development, and its profits are even more negligible, Wang Yaocheng is more optimistic about these three large multinational pharmaceutical companies.
? To be a stable and stable major shareholder, the investment rate of return ranges from 12.1% to 16.4%. Based on the equity value of 15.846 billion US dollars, this part of the annual interest is almost 2 billion US dollars, which will only be more or less. that is,
Moreover, the stock price will increase steadily every year, which is equal to the growth of wealth.
This will be a super-large-scale transaction with a transaction value of more than 200 billion U.S. dollars. Whether the merger can be successfully completed in the end still needs to be reviewed and approved by government agencies such as the European Union Competition Commission and the US Federal Trade Commission. The main consideration is whether it will hinder fair competition in the market.
Now let's talk about;
?Wang Yaocheng owns 42.7% of the shares, 32.2% are preferred shares, and the rest are ordinary shares. This part of Microsoft is not interested in and is not prepared to acquire.
Microsoft is looking at preferred shares this time. Based on a 66% premium, the total is 74.8328 billion US dollars.
In M&A transactions, half of the equity is half of the cash, that is to say, the equity worth 37.4 billion US dollars is taken out, and the rest is paid in cash.
? In the equity composition worth 37.4 billion US dollars;
The four companies took out preferred shares with voting rights, including the preferred shares of Microsoft, Johnson & Johnson, Pfizer and Merck, with a combined value of 37.4 billion US dollars.
And Johnson & Johnson, Pfizer and Merck paid no more than 6% of the company's preferred shares, and got Microsoft's preferred shares of the same value, completing a five-party deal.
? Microsoft acquired the controlling stake in Yahoo by expanding its shares by 30%, Johnson & Johnson, Pfizer and Merck received preferred shares in Microsoft, and Wang Yaocheng received preferred shares in the above four companies.
some of
6% preferred shares of Johnson & Johnson, Pfizer and Merck, worth 15.846 billion US dollars, and the rest will be paid by Microsoft.
After this deal is concluded
Wang Yaocheng will be the second largest shareholder of Microsoft, occupying 8.5% of the shares of Microsoft after the merger, and retaining 10.06% of the shares of Yahoo, ranking second after Microsoft.
At the same time, it occupies 6% of the shares of the other three companies, and is the largest individual shareholder, and also participates in the board of directors of the above companies.
Such a bid is very sincere, but it cannot meet Wang Yaocheng's expectations.
"Gentlemen, I can see the sincerity of your cooperation, and thank you very much for the importance you place on Yahoo. Unfortunately, I still have to refuse."
"Why?"
Bill Gates blurted out in disappointment, and it was obvious that he really wanted to make this deal happen.
Wang Yaocheng tapped the sofa with his slender fingers, and said unhurriedly; "The preferred shares of Microsoft, Johnson & Johnson, Pfizer and Merck are very sincere chips, and the premium of 66% is also in line with Yahoo's preferred shares. identity.
I don't want to haggle here, just like street vendors on the Hollywood Walk of Fame.
The problem is that;
Gentlemen, what I gave up was a controlling stake, and all of them were the most valuable preferred shares of Yahoo, but what I got was half cash and half equity.
I can already imagine the IRS laughing and willing to come and kiss my ass.
Because of this deal, they are the biggest winners, not both of us.
To be precise, you got what you wanted, but I didn't get it, so I vetoed the deal. "
this¡¡
Goldman Sachs partners Fanning and Merck looked at each other, staring at Bill Gates speechlessly. They had thought of this question before they came;
In terms of equivalent transactions, the above companies are all large companies with great development potential. These five companies are all leaders in their respective fields and have the same brilliant prospects.
This half-cash half-stock trading strategy is fine for small-scale mergers and acquisitions, but such large-scale transactions are not suitable.
Think about the 21.5% transaction personal income tax!
Half of the cash is 37.4 billion U.S. dollars, and the tax alone will cost 8.041 billion U.S. dollars. Only fools are willing to do it.
There is no such trouble in the stock swap transaction. The value of 37.4 billion US dollars of stocks only needs to pay 1.3% transaction tax, and the total amount is only 486 million US dollars. This small amount of money can be completely ignored.
Comparing the two, the gap is huge.
Now the ball has been kicked back to Microsoft's feet. If you want to acquire Yahoo, you must spend more chips. (Remember the site URL: www.hlnovel.com)p; From the perspective of equivalent transactions, the above companies are all large companies with great development potential. These five companies are all leaders in their respective fields and have the same brilliant prospects.
This half-cash half-stock trading strategy is fine for small-scale mergers and acquisitions, but such large-scale transactions are not suitable.
Think about the 21.5% transaction personal income tax!
Half of the cash is 37.4 billion U.S. dollars, and the tax alone will cost 8.041 billion U.S. dollars. Only fools are willing to do it.
There is no such trouble in the stock swap transaction. The value of 37.4 billion US dollars of stocks only needs to pay 1.3% transaction tax, and the total amount is only 486 million US dollars. This small amount of money can be completely ignored.
Comparing the two, the gap is huge.
Now the ball has been kicked back to Microsoft's feet. If you want to acquire Yahoo, you must spend more chips. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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