Chapter 163

Chapter 163 Chicken and dog ascend to heaven

  As for the proposal of Double-Click Company, the financing of 60 million dollars and the public offering of 15 million shares are equivalent to listing at a price of 4 dollars per share. Once listed, it has reached an astonishing market value of 600 million dollars!

  Although Deutsche Bank Investment Bank and Merrill Lynch can't pee in the same slot, and Edison doesn't like Goldman Sachs, but at this time, the three major Wall Street investment banks behaved very tacitly.

   "Song, within one year, the double-click company's stock price is lower than the issue price, and the double-click board of directors wants to initiate a repurchase agreement, which must be written into the underwriting agreement!"

  Pellet Greene said that he had obviously agreed to such a proposal, and Goldman Sachs also agreed to Double-Click's $600 million valuation!

  Double-click reached an initial agreement with the three investment banks, and immediately held a double-click major shareholder conference call. This call brought the two double-click shareholders, WPP Group and Yahoo, to vote.

As a major shareholder of DoubleClick holding more than 62% of the shares, Song Yang naturally has the right to decide DoubleClick's future, but the process still needs to be followed. Song Yang doesn't care about rumors of being arbitrary and overbearing. But the face project, more or less still needs to be brushed up.

  WPP Group, Martin Solo personally participated in the conference call and invested in Double-click Company, which is Martin Solo's proud work.

Before the conference call, Song Yang had a conversation with the major shareholder WPP Group, which holds more than 25% of the shares of Double-click. After all, Double-click is still a part of WPP's advertising empire in name, and Song Yang didn't want to offend Martin Solo, a leader in the advertising industry. Emperor.

  Hearing that Double-Click is going public at a valuation of $600 million, Martin Solo's laughter seems to be heard across the Atlantic Ocean.

   "Song, I knew that you would not let me and WPP Group down. WPP Group fully supports your decision. WPP Group can sign the repurchase agreement that guarantees the stock price!"

   "I'll be in New York when I double-click the listing."

Martin Solo said in a good mood, can it be good? Last year, 12 million US dollars got 25% equity of Double-click Company. In just one year, the value of this share soared to 150 million The beautiful knife has doubled tenfold!

   Double-click investment will be a jewel in the history of Martin Solo's acquisitions and acquisitions. It will definitely be touted by the media, making Martin the "King of Mergers and Acquisitions" crown even brighter.

And Martin personally participated in the bell-ringing ceremony of Double-click, and also told the outside world the relationship between WPP Group and Double-click. Since investing in Double-click last year, WPP Group has inserted the wings of the Internet, and the WPP Group, which is stained with Internet concept stocks, has skyrocketed A wave!

  WPP Group and Yahoo participated in this double-click IPO conference call, and Martin Solo of WPP Group participated in person. He expressed his full support for the management of Whitman and other managements as soon as he came up, and he directly stood with Song Yang.

On the other side of Yahoo, President Coorg, Brady, and founder Ferro participated. Yang Zhiyuan is currently busy with road shows everywhere. He is being made a **** by Yahoo, so he shows up everywhere in major cities in America and participates in TV interviews. Wait, the name of Chief Yahoo is already well-known by American people, just like Anderson representing Netscape, Yang Zhiyuan has also become a totem representing Yahoo.

At the beginning of the meeting, WPP Group, the second largest shareholder, stood with Song Yang, the largest shareholder, and exchanged shares with Double-click, and Yahoo, which got 13% of Double-click shares, in this conference call, Basically, it can only be used as a candle without a word.

  However, when he heard that the double-click would be listed at a valuation of 600 million US dollars, which exceeded Yahoo's valuation, Coorg still couldn't help but screamed.

  In the conference room of Yahoo's office building, when he heard that Double-Click's board of directors wanted to guarantee Double-Click's stock price and raise the stock price, Coorg couldn't help but cursed in a low voice, "These crazy people!"

Brady shook his head helplessly. Yahoo did not dare to play this trick. Song Yang was the absolute majority shareholder of Double-Click. What he decided could represent Double-Click. But Yahoo was different. The largest shareholder of Yahoo was Softbank, and Sequoia, Morgan and other institutions, followed by the two founders Yang Zhiyuan and Filo, how could those institutions guarantee Yahoo's stock price.

   "Double-clicking the board of directors will start the equity reward for all employees. In addition, the board of directors will reward President Whitman, President Ryan, Manager Greck, and Manager Irene with partial equity!"

  Song Yang said on the phone that this was agreed a long time ago. The entire double-click board of directors, including Song Yang, WPP Group and Yahoo, jointly transferred part of the equity to Whitman and double-click executives and important staff.

   This is the habit of Silicon Valley, and WPP Group and Yahoo will naturally not object.

Hearing that he was going to get an equity reward, Ryan in the conference room felt a big rock in his heart. He could get 5% of the equity reward. If calculated according to the market value of 600 million US dollars, Ryan directly became a billionaire worth ten million dollars. Meidao's new generation of Internet tycoons!

  Think about what kind of life he lived more than a year ago, and a year later, his net worth may directly soar to 30 million US dollars.

  The conference call lasted for a long time. There were New York reporters who heard the news and came to the Double-click company to inquire about the news. Until the sky darkened, the executives to be interviewed did not come out of the building.

  The most important thing is the equity reward. Whitman and Ryan did not say that Ryan made great contributions to Double-click.

  Whitman is the head of Double-click. After Double-click goes public, it depends entirely on her at the helm, and it cannot be separated from her at all. Whitman and Ryan each received 5% of the shares from the double-click board of directors.

   Then there was Double-Click's chief legal officer, who was also Song Yang's cheap uncle, Greg. Everyone present knew that Greg, like the same, came from the Bruno family.

  So when Song Yang proposed to give Greg a 3% double-click equity, even though Yahoo was a little dissatisfied, Coorg did not object. Blocking the equity reward for Greg was equivalent to turning against Song Yang directly.

What is controversial is that Irene is given 1% of the equity and all employees are rewarded with equity. Yahoo is really unwilling. According to such a generous equity reward, Song Yang, the major shareholder, is fine. After diluting the equity, what the hell? Is the major shareholder.

But the double-click equity in the hands of Yahoo Teme will be reduced by more than half. Kuger said on the phone, "Song, I also agree to reward the employees of the double-click company, but it doesn't have to be as big as 10%." Equity rewards for all employees, except for management equity rewards, the rest of the staff can issue bonuses!"

   Song Yang twitched his mouth when he heard this. When it was his turn to dilute Yahoo's equity, Yahoo was unwilling, but Yahoo was merciless when it came to playing tricks on Song Yang.

Yahoo also raised funds before going public, and also diluted the Yahoo equity held by Double-Click, from 5% to 4.6%. Double-Click got only a few million dollars in cash. Then bullshit!

  The reason why Song Yang distributed a large amount of equity to the executives and employees of Double-click Company is to dilute the equity held by WPP Group and Yahoo.

  After listing, Song Yang will definitely need to cash out, but after cashing out, in order to maintain control of Double-click Company, he needs to let other major shareholders have less shares in Double-click!

It took a long time to give the executives and employees of the double-click company the amount of equity rewards. WPP Group also had some criticisms. In addition to giving Whitman and Ryan each 5% of the equity, they also gave Greck 3 %, Irene will get 1% equity reward, and then give other double-click personnel 6% equity reward and some cash!

   That is, Song Yang, WPP Group, and the double-click board of directors composed of Yahoo, jointly surrendered 20% of the equity to Whitman and other executives and employees of Double-click.

This equity award means that Song Yang needs to give up nearly 7% of the equity, but he is still the undisputed largest shareholder of Double Click, while WPP Group's shareholding has dropped to 18%, and Yahoo's is around 9%. , although it is still a major shareholder, it cannot threaten Song Yang's status as a major shareholder.

In addition to the transfer of equity, Song Yang also made some adjustments to the double-click equity he held after the conference call. Part of the equity Song Yang put in the American Global Investment Foundation, and the other 5% was put in the Bruno Family Foundation , as the start-up capital of the Bruno Family Foundation.

  After the adjustment, Song Yang is still the major shareholder, but it will not be too conspicuous when cashing out or transferring in the future.

  The entire meeting lasted for a long time, and it was necessary to determine the promotion strategy and road show route with the three major institutions of Deutsche Bank and Goldman Sachs.

  When the agreement was signed, everyone in the meeting room breathed a sigh of relief, and the champagne that had been prepared long ago was finally opened at this moment.

  For people who double-click, after the excitement of going public and the feeling brought about by the skyrocketing value, the rest is tiredness.

Song Yang is no exception. After signing the letter and confirming that Double-click is going to be listed, this is the first company that Song Yang personally sent to the market. Song Yang can't tell what it feels like. In the future, there may be more companies in Song Yang's hands. There are many listed companies, and there may even be existences whose market value far exceeds Double-Click, but Double-Click is always a bit special compared to others!

   "Congratulations, Song!"

  Pellet Greene held up the champagne and said to Song Yang, congratulating the American upstart in front of him. Looking at Song Yang, Pellet Greene couldn't help thinking about Song Yang's worth.

From the Hotmail mailbox, Song Yang directly received nearly 300 million US dollars in cash, and once the double-click was successfully listed, Song Yang's worth would soar by more than 300 million US dollars, plus ICQ, and American Telecom Over there, Pellet Greene made a simple calculation and couldn't help but take a deep breath. If all these things come true, then Song Yang's worth will definitely exceed one billion dollars!

   What Forbes should regret most now is that it has announced the wealth list, otherwise Song Yang will definitely be on it!

   There is one more chapter...

  (end of this chapter)