Reborn IT Giant

It's just that Michael Moritz didn't expect that before Zheng Yan said anything, Bill Miller jumped out first. But he also had to admit that what Bill Miller said was true. Although Apple's current market value is not low, it has already

No profit was generated.

Looking at Michael Moritz with embarrassment written all over his face, Zheng Yan sighed in his heart that Bill Miller's intervention was really a stroke of genius. But no matter what, he still had to get the shares of Apple.

"Mr. Moritz, you have also seen that it is obvious that your conditions are not very sincere."

Just when Michael Moritz was feeling desperate, Zheng Yan continued: "However, I just said that I am interested in any Internet company, which of course includes the current Apple. Mr. Moritz might as well

Tell me about your conditions."

Hearing Zheng Yan's words, Michael Moritz felt that the experience he had just experienced was like a roller coaster, going up and down. At the same time, he was also wondering, since Bill Miller could see things, couldn't Zheng Yan also see it?

Or is it true, as Zheng Yan said, that he is only interested in the Internet industry? He even ignores the situation of the company itself? And investing in Cisco and Oracle in the past was just a blind cat encountering a dead mouse? Michael Moritz

After much deliberation, I still don't have an answer.

"Mr. Moritz?"

Just when Michael Moritz was lost in thought, Zheng Yan became anxious again. To Zheng Yan, the Apple shares held by Sequoia Capital were like a cooked duck and must not be allowed to fly.

"Oh, I'm sorry, I was thinking about something just now." Michael Moritz, who came back to his senses, continued: "Since Mr. Zheng is interested in Apple's shares, then we have a basis for cooperation."

"The current market value of Apple is around US$3.7 billion, and we at Sequoia Capital hold 8.4% of Apple's shares. If Mr. Zheng is interested, we can transfer it to Mr. Zheng at the market price. In exchange,

, Mr. Zheng gave Sequoia Capital a portion of Yahoo’s shares.”

In fact, if Michael Moritz thinks about it, as long as Zheng Yan is willing to take over Apple's shares, it is not that easy to get Yahoo's shares.

so important.

In the past few years, as the Apple personal computer market has shrunk repeatedly, Apple's market value has also been falling. If it were only a small shareholder, Sequoia Capital could easily take action. Unfortunately, they have a lot of shares and have not found anyone willing to take over.

.

Now that Zheng Yan is the "taken advantage of" who is obsessed with Internet companies, if he doesn't seize the opportunity again, Michael Moritz will feel sorry for Don Valentine's respect. Therefore, he has not added any water to the price of Apple shares.

While Michael Moritz was secretly proud, Zheng Yan was even happier. Because of his bet with Buddy Morris, he won 4.6% of Apple shares from him. If you add Sequoia Capital,

8.4%, that’s 13%.

Thirteen percent may not be Apple's largest shareholder, but it is one of them. Ever since meeting Steve Jobs in San Francisco, Zheng Yan has thought about accelerating his return to Apple. As long as the deal with Michael Moritz is reached, that is

One step closer to this plan.

"Mr. Moritz, how many shares of Yahoo do you want to get? As long as it's not too outrageous, I think this transaction can still go ahead."

"How about 20%? I am willing to pay 20 million US dollars for this. Mr. Zheng is equivalent to getting 20% ​​of Yahoo's shares without spending a penny. You have to know, no matter what Yahoo's development prospects are,

How great, before it succeeds, there will inevitably be risks, and Mr. Zheng has no risks at all."

Twenty percent? Zheng Yan thought to himself, twenty percent is equivalent to more than 20 billion US dollars. This business will definitely not be a loss in the long run, but for now, it is a loss.

Yahoo will rise in just a few years, but Apple will have to wait for more than ten years. With these ten years, Zheng Yan can completely obtain Apple's shares through other channels. If nothing else, the acquisition of Apple in a few years will

The collapse of Stark is a good opportunity.

"Mr. Moritz, if this is the case, then I can only express my regret. Although I am very interested in Apple's shares, in comparison, I am more optimistic about the development of Yahoo. And I believe that within a few years,

Yahoo will leave Apple far behind

behind."

"Based on the current situation of Apple, as long as I am willing, a lot of people are willing to sell their shares to me, and Yahoo shares, to put it bluntly, it is almost impossible for you to get them through other channels except me.

so…"

Zheng Yan feels that he is a little anxious. Apple's stock price has not yet reached its lowest point, and he still has enough time to think of a solution. However, there is almost no possibility of increasing the Yahoo shares in his hand.

"Mr. Zheng, do you really not think about it anymore?" Michael Moritz was very disappointed with Zheng Yan's answer, but the more Zheng Yan valued Yahoo's shares, the more he wanted to get them.

"No, but Mr. Moritz can listen to my conditions. If Sequoia Capital wants to sell Apple's shares, I can still take over and buy it at a premium of 10%. Mr. Moritz should know that, in addition to

No one other than me will give a higher price."

After wanting nothing, Zheng Yan became much calmer.

"Mr. Zheng, if Sequoia Capital exchanges all its Apple shares for your Yahoo shares, will Mr. Zheng agree?"

"No!" Zheng Yan said, shaking his head.

Zheng Yan knew that this was not a condition offered by Michael Moritz, but just a test by the other party. He wanted to get some information from him, and Zheng Yan didn't mind this.

"I understand. It seems that I did miss a good opportunity." Although he didn't know where Zheng Yan got his confidence, Michael Moritz was still full of regret. But he didn't know that this kind of regret had just begun.

"Mr. Zheng, I am willing to transfer Apple's shares to you at the price you mentioned. Just treat it as a friend. I hope there will be opportunities for cooperation in the future."

Michael Moritz thought for a while. Although Yahoo's shares are useless, it seems good to get rid of Apple as a hot potato. At least this trip has paid off. As for Yahoo's shares, he will slowly think of a solution later.

Zheng Yan did not expect that even under such circumstances, Apple's shares would still be in his hands. Although he was happy, he was also a little scared. Fortunately, he had resisted the temptation just now, otherwise the loss would have been huge.