Hu Zhengming was not surprised that Yahoo wanted to acquire Riot Games, but the price offered in Jerry Yang’s conversation with him still made him speechless.
Two billion US dollars. If Zhou Xin thinks this price is low, we can still discuss it.
In other words, two billion US dollars is just the basic price.
Jerry Yang also said that if Zhou Xin is willing to join Yahoo, Yahoo is willing to exchange shares, and the price can continue to rise.
From US$100 million to US$1 billion, it only took Zhou Xin three months.
And it was cash, and all he needed was Zhou Xin’s nod, which was an eye-opener for Hu Zhengming.
He even had the idea of starting a business in the Internet industry.
Berkeley itself is in the San Francisco Bay Area, very close to Silicon Valley, but none of his previous students chose to start a business in the Internet field.
Even starting a business is in the direction of integrated circuits.
The best you can do is only a few million dollars in profit.
Nothing had brought such an intuitive and violent impact to him like Zhou Xin.
If Hu Zhengming had so much money, he would really have the confidence to give Cadence a try.
Zhou Xin is also not surprised, because no matter now or in the future, whether it is China or America's Internet giants, the most direct way for everyone to solve problems is acquisition.
Even if half of the liquidity on the books is drained, Microsoft still wants to acquire Blizzard.
You must know that when Microsoft acquired Blizzard, Blizzard was just an empty shell. This may not be right.
But all the producers of Blizzard's well-known games have left Blizzard, and Blizzard almost only has IP.
You must know that for the same acquisition of IP, Disney only spent US$4 billion to acquire Marvel, while Microsoft spent US$68 billion to acquire Blizzard, and this was in 2022 when the economy is in recession and the Federal Reserve continues to raise interest rates.
Although Zhou Xin had never witnessed Microsoft's arrogance in acquiring Blizzard, when he was running Xinxin Technology to go public, he heard from friends in the investment circle about the arrogance of Goose Factory and Ahli in acquiring Internet companies.
"Jerry, does he want to acquire all of my shares, or part of them?" Zhou Xin asked.
Zhou Xin didn't know much about Yang Zhiyuan before. The only thing he knew was that Yahoo had invested in Ali, and Yang Zhiyuan once served on Ali's board of directors.
Of course, he later resigned from Ali. Until Zhou Xin left, Yang Zhiyuan was still a member of Didi's board of directors, and said that the entrepreneur he admired most was Didi's founder Cheng Wei.
When I met Jerry Yang before, I had no other impression except for his strong Wanwan accent and the iced Bock coffee that day.
"I don't know. Jerry just said that if you are willing, he will meet you again."
Hu Zhengming continued: "Bill Gates also owns some shares, but the controlling interest is still in your hands.
So I guess he is planning to acquire all the shares in your hands.
As long as he obtains all the shares in your hand, after Yahoo obtains controlling rights, Gates has no choice but to sell all the remaining shares to Yahoo.
Or just enjoy the benefits without participating in the business.
Although Gates is not involved in the actual operation of Riot Games now, the concept of control in your hands and in the hands of Yahoo is completely different. "
Zhou Xin smiled: "You'd better reject Jerry for me.
I don’t want to sell Riot Games, at least not yet.
I'm afraid that I won't be able to sleep when I go back at night after hearing the price offered by Jerry.
Regret your choice.
So it’s better not to listen. "
Zhou Xin is very calm. In this era, what he needs to do is not only fight with others, but also fight with himself.
Fight with your inner desires.
In fact, Zhou Xin believes that the valuation of US$2 billion is higher than the actual value of Riot Games, but Riot Games is an indispensable part of his overall structure.
After Zhou Xin made his decision, Jerry Yang, who was not far away from San Francisco, soon learned about it. He helplessly said to Kevin: "Newman rejected us.
And the latest news I got is that Newman went to meet with the vice president of Goldman Sachs, and Riot Games should be listed separately.
We can activate the alternative plan, and you will go and talk to CEOcity in person. "
Although it was Kevin's idea to move the Riot community's hot posts, it was another executive who took the blame and was fired.
This is called the law of taking the blame in the workplace.
Even if you make a mistake, as long as your position is important enough, someone will take the blame for you.
...
"Warren, I need you. Although you are the CFO at Amazon, you will never have the chance to become the CEO while Bezos is still here.
But after coming to NewPay, you will directly become the CEO and be responsible for everything in the entire company.
I will only be responsible for strategic level operations. "
Warren Jensen is the chief financial officer of Amazon. When he received an invitation from a headhunting company, he originally wanted to reject it outright.
At present, Amazon is the number one player in the electronic shopping segment, and the entire Internet industry is booming. As Amazon's chief financial officer, there is no doubt about his salary and future development prospects.
But when the headhunter suggested that it was Zhou Xin who wanted to poach him, Warren changed his mind.
Although Amazon's market value at this time was as high as more than 20 billion US dollars, from 1998 to 1999, the market value soared by 855%.
However, Amazon has not been profitable, and its net loss has quadrupled compared with the same period last year.
As Amazon's chief financial officer, Warren knew that Amazon would not be able to turn a profit within the next three years.
Even though Wall Street analysts, in order to promote the stock market, believe that Amazon is unique and will make money sooner or later in the future.
But Warren knew that more revenue meant more losses, until they could no longer afford the losses.
So when new opportunities arise, Warren will consider them.
Compared with Amazon, Riot Games, which has been profitable since its establishment, is undoubtedly a good choice.
Although Riot Games is far inferior to Amazon in terms of valuation, he is the chief financial officer of Amazon and is the person in charge of Riot Games.
"Newman, I'd like to hear your plans for Riot Games' future strategy.
Is it to become the publisher of all video games and build a unique and influential electronic community, besides these two things?
Do you have any other more radical ideas? "
Silicon Valley is big, but also small. What Jerry knows, Warren also knows.
He thought Zhou Xin asked him to be the CEO for the subsequent listing of Riot Games.
In the listing process, a CEO with sufficient financial experience is undoubtedly crucial.
But Warren knew in his heart that if he decided to switch from Amazon to Riot Games, he would never be willing to serve as CEO only during the listing process.
He hopes to be at the helm of the business for the long term.
Even if he leaves Riot Games one day, Warren hopes to accumulate enough experience in running a company.
