Why Microsoft has the right to acquire Yahoo 5

This is a hostile takeover.

A hostile takeover is an unwillingness of the target company.

In this case, the parties use various offensive and defensive strategies to complete the acquisition, and the hostile takeover refers to the fact that the parties use various offensive and defensive strategies to complete the acquisition when the target company is unwilling, and strong confrontation is its basic characteristic. In the history of China, the holding wars of Bao'an and Yanzhong in the 90s, as well as the acquisitions of Dafeile and Xiaofeile, are classic cases of hostile takeovers, and most of them are successful.

In the history of the United States, such hostile takeovers have also emerged in an endless stream, and on the morning of December 13, 2004, Oracle's hostile takeover of Renke was an example. On the same day, the two companies announced at the same time that Renke agreed to be acquired by Oracle for $10.3 billion in cash per share. From the perspective of the acquisition process, since the formal decision to acquire, Oracle has made five adjustments to the acquisition**, from the initial $6.3 billion to $7.3 billion, then to $9.4 billion, then to $7.7 billion, and finally to $10.3 billion, which lasted 18 months.

Hostile takeovers are a very important means of modern corporate governance, your company's poor performance, poor management, and declining market value can be acquired by others. This is conducive to the management of the enterprise must improve management, improve performance, shareholders can also take advantage of the risk of the company to be acquired to assess the management of the management ability, how to use the term hostile takeover to blame external companies? It's completely confusing.

This is a hostile takeover, Microsoft is now targeted by antitrust organizations, and I don't think he will be good if he buys it.

Founded in 1994, Yahoo has not only completed the process of listing and recruitment in a short period of time, but also the development speed of the entire company is particularly fast. Due to Yahoo's unique time advantage, Yahoo has quickly become one of the world's most important Internet platforms.

With the passage of time and the injection of capital, Yahoo has faced rectification and ** many times. Nowadays,Yahoo was ** again, and the Yahoo Q&A platform was also announced to be closed, and the next company to take over Yahoo was Apollo Global Management, an investment management company.

Yahoo missed a variety of opportunities, and finally ushered in a situation where the company's development speed was in many different aspects, large companies pay more attention to the direction and goal of enterprise development, and small enterprises pay more attention to the image of the whole company. While Yahoo has seen multiple opportunities over the years, not only has it established Yahoo China, but it has also invested in Alibaba Group and even approached Facebook's acquisition. However, Yahoo's management and decision-making department staff made a wrong prediction, which not only lost the major opportunities in the development of the Internet, but also made the original company face bankruptcy and being defeated many times.

Now, Yahoo has been ** again, causing a sigh from Internet workers.

Apollo Global Management (APO) became the company that acquired Yahoo Inc. Although Yahoo was founded in 1994, Apollo Global Management was founded much earlier than Yahoo. Headquartered in New York, USA, the company is an investment and management company. Not only does the company have a relatively adequate development direction, but the company's internal management will investigate and judge each acquisition.

Although Yahoo has faced the drawbacks of development, Yahoo can still restore its former glory under the guidance of relevant personnel. Apollo Global Management focuses on the future and foundation of the company, and the fact that Yahoo is once again ** also reflects the fierce competition among Internet companies.

Overall, Yahoo's development is very embarrassing, but Yahoo has been acquired by Apollo Global Management, which is a good thing to get Yahoo off the ground running. What's more, businessmen will not make a loss-making transaction, and since Apollo Management has announced the acquisition of Yahoo, it means that Apollo Management is fully prepared. In the future, Yahoo will continue to play to its strengths as an Internet company, and with the support of Apollo Global Management, it will exert a unique influence.

Apollo Global Management is also about to accept Yahoo's industrial chain, because Apollo Management is a kind of resource management company, so the development of Yahoo is still unknown.

I think the most likely to take over are these big Internet companies, because if they want to develop, they need to swallow up opponents of the same magnitude, and Yahoo is an excellent opportunity this time, I think it will definitely cause a dragon fight.

It is very likely that Huawei will take over, and Huawei has developed particularly well in recent years, and there will be development in different fields.

Alibaba acquired all of Yahoo's assets in China, Yahoo's $100 million investment, and Alibaba Yahoo also received 40 percent of the economic interests and 35 percent of the voting rights.

Some have called it a "match made in heaven" to describe the deal, but in the eyes of many, the internal logic of the deal is not yet clear. Alibaba seems to have picked up a cheap one, so Xufan can better understand his motives, the president of Yuguan Company, Alibaba's main problem is cash flow. "Alibaba's profits are the latest thing, the number is small, and it can't support such a huge investment in **, ** invested more than 1 million last year, and it will probably not be less this year.

After the merger of Alibaba and Yahoo, in order to solve the problem of cash flow, and the world's most powerful Internet company, it will not only be able to further promote the services of Alibaba and **.com, but also strengthen the competition with eBay.

On the contrary, Yahoo Yahoo Japanese model to open up the Chinese market, but like eye-catching. Yahoo has dominated global development, with the only exceptions being Yahoo Japan, Yahoo Japan and SoftBank Group, a joint venture in which Yahoo accounts have only 34 shares and SoftBank 66 shares.

Because Yahoo's development in China in 1999 has not been satisfactory until the acquisition of 3721 at the end of 2003, when revenue began to change. Now, too, he is eager for a strategic adjustment. One guess is:

Yahoo may no longer seek dominance, but wants to participate in the investment and hope to rely on the return on the benefits of the investment model.

In the absence of further details, or simply not having the details of the acquisition, whether it is a separate rhetorical meeting, it is difficult for experts to reach a more accurate conclusion, so far, what is the relationship between the parties to the acquisition is not clear--- Yahoo took out a billion dollars, but also caught up with Yahoo China, in exchange for Alibaba's 40 economic interests and 35 voting rights, but in all the ** reports are the car key Alibaba "acquisition" of Yahoo's assets, this logic has not been understood by many people, spending the company's money, but was acquired by someone else.

Maybe it's more appropriate to say "Alibaba and his 40 shares in exchange for Yahoo Chinese dollars and $100 million."

Why did Microsoft buy Yahoo? After the acquisition, it will not only integrate Microsoft's Internet business with Yahoo, but also integrate Microsoft as a whole with Yahoo. What does this mean?

We can see that Microsoft has created an industrial model for the software industry, which is the foundation laid by Microsoft and the most successful representative. Users will continue to buy Microsoft products and lock customers with user habits. This model has been subverted by Google's software + service is the so-called SAS model, Google is a software, the foreground is a search engine box, and that is just an entrance.

The real Google provides a search software service that is better than its peers and competitors, and the search results with its software are better. It's a little more functional. In fact, Google itself is essentially a software company, and in this sense, this is a point that Microsoft is very envious.

Microsoft has the advantage of traditional software and just can't do Google's thing. It has cash flow income, it is impossible to say that you don't need to buy windows for these software, I provide the best service, then Microsoft will lose its traditional income, it is impossible. But Google can.

Google can provide the best word software and office software, which does not collect money from users but from sellers, subverting Microsoft's model. This is what Microsoft is most anxious about. When Bill Gates is about to leave Microsoft and Microsoft has entered a new Internet era in the era of transnational traditional software, they have made a lot of attempts, but they can't produce a Google in Microsoft itself, what should they do?

They chose Yahoo, which has what Google has that Microsoft lacks, but Yahoo doesn't have the strength, resources, experience and capital. With such a combination, I believe that when Microsoft was planning the acquisition, they hoped to put Microsoft's future on the integration with Yahoo, hoping to surpass Google as a whole. Rather than just integrating its Internet business with Yahoo, Microsoft is betting on the future of the entire Microsoft company, which is a very large amount of revenue and the largest acquisition since the founding of Microsoft.

It is Microsoft's biggest bet on the future. The future is inevitable, and I would rather open a very high **, and I would rather take various methods to make this matter public and complete this matter at any cost. Oh.