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November 18, 2002 was a very auspicious day.
? Hong Kong Yingke Telecom acquired US Global Communications, which is under bankruptcy protection, for US$11.7 billion. Compared with the previous negotiation price of US$45.6 billion, which was not obtained, it is completely a cabbage price.
After the merger, the multinational communication company was named Hong Kong Global Communications Corporation, and the original Yingke Telecom was thrown into the ocean. The name was both petty and unpleasant, and Wang Yaocheng said that he didn't like it at all.
January 22, 2003
Hong Kong Global Communications once again acquired part of the optical fiber and cable business of American World Communications, which is in bankruptcy protection, for US$22.2 billion, and took over the optical fiber network throughout North America, as well as long-distance telephone services in metropolitan areas on the east and west coasts.
This part of the business is the jewel in the crown of the US World Communications Corporation worth hundreds of billions, with an original value of more than 68 billion US dollars.
It is a pity that under the leadership of creditors eager to withdraw funds, it was sold to Hong Kong Global Communications at a low price, making it a multinational communications company spanning North America and East Asia.
?Only in the North American market
Hong Kong Global Communications ranks third in terms of long-distance telephone customer share, and most of its customer base is located in developed metropolitan areas on the east and west coasts, with strong payment and consumption capabilities, and it is also an important customer base for high-tech products.
In one fell swoop, the business in the southern states located in the vast inland and weaker economy was thrown away, and the operating cost was greatly reduced.
? 20030 March 7th
? These two heavyweight acquisitions were approved by the U.S. Trade Commission, which is committed to anti-monopoly, amidst the monopoly opposition, and opened the green light for release.
In response to reporters' questions, U.S. Commerce Secretary Manck Glenn said;
"The United States is committed to promoting the process of world trade freedom, expanding the breadth and depth of business and high-tech cooperation, firmly maintaining the basic principles of the commercial society, and creating a good environment for people from all over the world to invest in the United States. This once again proves the dazzling American dream. It is an investment paradise on earth"
Wow wow wow a big deal, all f*cking nonsense.
February 18, 2003
The news that shocked the US and the world's financial circles came that Microsoft, together with several other large companies, acquired Yahoo at a price of 202 billion US dollars at a premium of 66%, which created a new record in the history of world mergers and acquisitions.
Although the transaction value is as high as 202 billion U.S. dollars, after all, not all Yahoo shareholders sell their shares, and the actual transaction value is far less than this figure.
(If Yahoo's market value is US$140 billion, the actual transaction price should reach US$232 billion! This is because the common stock does not have a 66% premium factor, so the total value of the acquisition is US$202 billion)
some of
? Microsoft, together with Time Warner, Johnson & Johnson, Pfizer and Merck, paid a premium of 66% to acquire 32.2% of the preferred shares in the hands of Yaocheng Wang, the original controlling shareholder of Yahoo, with a total value of 65.044 billion US dollars.
? 72% of this large transaction with a total value of 65.044 billion US dollars was completed in the form of a share exchange by issuing new shares. Several companies paid a total of 46.83 billion US dollars in preferred equity, among which;
Royal Family Fund acquired 13.3% equity of Microsoft Corporation after the merger, 4.4% equity of Time Warner, 7.8% equity of Johnson & Johnson, Pfizer and Merck, with a total value of 46.83 billion U.S. dollars in preferred equity
Moreover, the Royal Family Fund continues to retain 10.02% of Yahoo's common stock without voting rights.
The remaining 28% of the transaction was completed in US dollar cash acquisition, paid to the royal family fund of 18.214 billion US dollars, after tax filing at the end of the year, after deducting a total of 21.5% of federal and state personal income taxes, and finally received 14.298 billion US dollars in cash.
? According to the rules of the NASDAQ market;
Microsoft will acquire the preferred shares of Yahoo that other minority shareholders are willing to sell under the same conditions.
The message is out;
The world's financial circles were in an uproar, and they all predicted that Microsoft would become the unshakable overlord of the network high-tech industry, and would dominate the world's software industry for the next 50 years.
After the M&A transaction takes place
Microsoft's stock rose rapidly by 8.72%, and its market value exceeded the US$170 billion mark in one fell swoop, reaching a height of US$177.8 billion.
at the same time
Yahoo's stock rose 4.46% in a single day, showing that Wall Street is unanimously optimistic about it.
The historic merger of Microsoft and Yahoo is a powerful alliance in the network high-tech industry. Looking at the fields they have set foot in, it is frightening, and there is no desire to resist.
Microsoft is the undisputed overlord of the desktop system, providing users all over the world with microsoft windows operating system and microsofToffice series software is the world's largest provider of comprehensive computer software.
Yahoo is the world's largest portal website, providing a wide range of services including politics, military, technology entertainment, and gossip news, with a market share of 83.2% and more than 600 million loyal users worldwide (excluding Yahoo Japan and Yahoo China) .
At the same time, Yahoo's share in the search field has reached 66.57%, and it is a perfect combination of two swords with Microsoft's IE browser, ranking first and second in the market respectively.
Occupying a total of 88.6% of the global search market, it is widely favored by advertisers, which is almost an unshakable advantage.
?Because the Royal Family Fund has only an official response, the real purpose is unknown, and the world's mainstream media financial news has reported on it, and speculation is inconsistent.
The British "Times" reported;
? Lord Wang Yaocheng, the godfather of Silicon Valley, sold Yahoo and wanted to switch to the communications field.
The US "Washington Post" reported;
Does the entry of Internet high-tech giants into traditional industries mean a change in the direction of investment?
Reported by "Yomiuri Shimbun" on the 1st;
Network technology or communication industry? The richest man in the world may be wrong.
? South Korea's "Chosun Ilbo" reported;
Wang Yaocheng, the world's richest man of Korean descent, conquered the communications industry in the United States, attracting global attention.
New "Sing Tao Daily" report;
Global Communications Corporation, a multinational enterprise that was born out of nowhere, has changed the pattern of the world's communications market.
The turmoil of the outside world has not affected the layout of the entire industrial chain of the Royal Family Fund in the electronic semiconductor industry.
Still advancing steadily in accordance with the established policy, dispatching a large number of personnel to enter the US market, spending a lot of effort to rebuild the framework of Global Communications and its unique corporate culture.
From New York on the Atlantic coast, the Boston metropolitan area to sunny Florida, Oregon on the Pacific coast to California, Global Communications has a wide range of long-distance telephone customer bases, as well as fiber optic backbone networks and base stations throughout the United States.
These assets originating from several companies were integrated and belonged to Global Communications. Due to the large loss of personnel caused by layoffs and expenditure cuts, the business tended to be fragmented.
?The team dispatched by Hong Kong Global Communications Company went to various parts of the United States to receive and integrate assets, settle down on the spot and carefully manage according to the company's plan, and implement a new management system and corporate culture.
This will be a long process, and it can be expected to bear fruit by the end of 2003, and the time for fragmentation and integration is initially set at one year.
Assets and equipment are dead, but people are alive.
?Nirvana rebirth from the ashes, the rise will be a brand new enterprise.
?Referring to the world's advanced enterprise management system, through the latest concepts such as lean management, flat structure, and divisional responsibility system, we will build a service-oriented multinational communication company dedicated to improving user experience. (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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