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Ma Guangyuan rubric of economic man

more recently, MA when you attend a seminar on China's Internet development at Stanford University, in question and answer session, the audience asked Jack Ma of Alibaba, the first question was about to buy Yahoo. Ma did not play any Tai Chi, but with the three "is" zhishuxiongyi: he answered, "Yes, we are very interested in", he stressed that "we Ulysse Nardin Watches are very, very D&G Watches interested in buying Yahoo because Alibaba so important to Yahoo, Yahoo is also very important to us. "(October 2, the China News)

, in relation to an important acquisition of basic logic, if you do not have a certain degree of chance, the acquirer is not lightly to the outside world of what the prospects of Franck Muller Watches takeovers and acquisitions say. Acquisition is not yet officially launched, negotiations on the acquisition has not yet been formally began, MA has stepped to the Yahoo profile Declaration of love, is a victory, also is making another "innumerable twists and turns" cards, really intriguing. Because the relationship between Yahoo and Alibaba, starting from August 2005 their marriage, has been a delicate and complex.

Ma stressed "very, extremely interested to buy Yahoo" is state what ails him on. In August 2005, Yahoo China, equivalent to $ 1 billion plus Yahoo in exchange for its 39% stake of Alibaba group. The deal had shocked the the world of the Internet industry, the industry generally believe that Ma got a very good deal, including Ma himself. However, after 5 years, not only this sum at that time, only US $ 1 billion valuation of investment now is at least $ 10 billion and Yahoo Fendi Watches no longer then the courage of embarked on a difficult dynasty the last gasp to save, not very promising investments this year but now Yahoo's most valuable assets. October 2010, in accordance with the 2005 into a funding agreement: Yahoo voting rights from the terms agreed at that time increased to 35% of and shall be entitled to from October 2010, Alibaba Group increases a Director of the Board, while Ma Management, such as the right to vote will fall to 31.7% from 35.7%, SOFTBANK keep 29.3% of economic rights and the right to vote does not change. This means that Yahoo will become the largest shareholder of Alibaba real, structural changes in the person of the Board, in particular under the agreements provided for MA will no longer be "resigned from the Alibaba Group Chief Executive's position is not" guarantee means that Yahoo on Alibaba's Board of Directors and management have a real control over it. The sum of us $ 1 billion acquisition of powerful in 5 years, Alibaba's management team not only lost the status of the largest shareholder, and are likely to be fired out of the Board at any time.

Jack Ma and its management team venture has faced difficult awkward and difficult to crack. In particular, because rejected Microsoft's $ 46.6 billion in the year's generous offer, Yahoo founder Jerry Yang was forced to step down, the new CEO bartz performed a tougher policy on Alibaba. Bartz came into power, Jack Ma of Alibaba and attempted to buy back Yahoo management team held shares or reduce Yahoo's shares, was flatly refused by bartz. In Yahoo's view, as Taobao and Alipay listed, Alibaba's entire investment Outlook remains bullish, they will never make easily available so cheaply to the MA the right to control, moreover, in the case of investments in Ali Baba for Yahoo is so important. Both a good return on investment and the prospects for holding, an anxious to ensure that the Board say not be fall to others, can be described as full of contradictions. But under the control of bartz, Alibaba on the future of equity, Yahoo will undoubtedly occupy a absolutely active.

for Ma,, to avoid was Yahoo working for of embarrassing, its has three large select: a is repurchase Yahoo holds of shares, currently view, Yahoo does not agreed; second, joint soft silver of Masayoshi son confrontation Yahoo, but this is not long-term peace and stability of meter, Masayoshi Son on Ma then has gratitude for receiving help and encouragement by a superior, also ensure can't both can good lifetime, after all is not real of parent-child relationship; its three, Alibaba, in turn, acquisition Yahoo, and this need Yahoo Board of agreed and a reasonable of bid.

he ushered in the real Replica Watches turning point: in September this year, the Yahoo board telephone fired CEO bartz for poor personal relationship with Ma, at least in terms of personal relationships, and Ma have stalled bartz's departure, for Ma, undoubtedly saw the dawn of Watches the acquisition of Yahoo. Ma has a good grasp this opportunity and high profile of the outside world, said he had contacts and the people, expressed willingness to buy Yahoo as a whole, not just part of that part.

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