Chapter 261： privatization delisting
Chapter 261 Privatization and Delisting
Wang Ye didn't know much about Woroz. After all, in his "previous life", the company Yandex was not very famous, and he didn't even know the name of the founder of this company.
According to the information collected by the employees of Polar Bear Investment Company, Wang Yecai has a little understanding of Woroz.
This guy is definitely a technical genius!
Voroz was one of the first people in Russia to come into contact with computers, in 1984 in the former Soviet Union...
At that time, there were only a dozen computers in the entire former Soviet Union!
And in the early 1990s, Voloz started a company that specialized in search engine technology.
In terms of technical level, it is definitely leading the world!
In 1997, Voroz co-founded Yandex with two partners and officially launched a Russian search service, which was a year earlier than Google's establishment.
In Russia in 2001, Yandex was the largest Russian-language search service provider!
Currently, Voloz is the largest individual shareholder and CEO of Yandex, with a share of 15%.
The other 85% is owned by multiple investment institutions and individual investors. Because the stock price has plummeted by 97%, the current market value of the company is less than $4 million...
These are the current situation of Yandex.
………………
Under the leadership of Voloz, we briefly visited the company, and then everyone entered the large conference room, ready to start negotiations.
Internet companies, in fact, there is nothing to see.
In addition, the company has already laid off nearly half of its employees, and the whole building looks empty and quite deserted.
Voloz took the lead to speak: "Welcome to Mr. Mikhail and everyone at Polar Bear Investment Company, and thank you for your trust in Yandex. Under the current environment, you are willing to invest in our company. It is undeniable that from last year At the beginning, the global Internet industry is facing great difficulties, and Yandex is no exception. At present, the company's funds are very tight, and it really needs new funds to enter..."
He was very frank, and he spoke out the external environment and internal difficulties without concealment.
Of course, even if you want to hide these things, you can’t hide them. After all, investment companies are not vegetarians, so you must have checked them out before you come here.
Therefore, he took the initiative to speak out, and he could gain a good impression.
After listening to Woroz's words, Wang Ye nodded with a smile and said, "Yes, the global Internet is in a cold winter, but in the long run, I still insist on optimistic about the development of the Internet industry. We established Polar Bear Investment Company. , the goal is to invest in global Internet companies, and Yandex is the first investment target we chose!"
Woroz’s face was full of gratitude, expressing his great honor.
The two sides had contact in the early stage, and of course Woroz also understands the public background of Polar Bear Investment Company.
This company is backed by the Yukos Group, an energy giant, and just bought the Siberian Oil Company for $5 billion a few days ago!
Although the news of was not publicized, it has already been widely circulated in some circles.
Obviously, this investment company is definitely rich!
If Yandex, who is in trouble, can get the investment of Polar Bear Company, it will basically be able to come back to life.
"Mr. Mikhail, how much do you plan to invest, and what are your requirements for shares or board seats?" Voloz asked cautiously.
These are the core issues!
How much money to give, how many shares to ask...
Wang Ye smiled and said directly: "Yandex's market value is very low now, only a few million dollars. We must acquire it with full capital. If Yandex is privatized and delisted, how much will it cost?"
Voloz was stunned for a moment, then shook his head again and again: "Mr. Mikhail, although Yandex's current market value is indeed only a few million dollars, everyone understands that this is only affected by the cold winter of the Internet, and the company is seriously undervalued! Facts Up, our company's headquarters building alone may have sold for more than a few million dollars. Plus..."
He was interrupted by Wang Ye before he finished speaking.
"Mr. Voloz, please pay attention to one thing, that is, Yandex is still not profitable! Every month's expenditure requires a large amount of money. In a few months, your company will sell the headquarters building. Come down and pay the employees." Wang Ye said with a smile.
On the surface, Yandex’s market value of several million dollars is indeed low. The fixed assets are more than that. In addition to the company’s website, technology patents, etc., it will cost 20 to 30 million dollars.
But for any company, the low valuation is justified, not just on the surface!
Because Yandex does not make any profit, although it is also advertising, the Internet is not very popular, so there are not many advertisements, and the income of this piece is far from the company's monthly expenses.
So the company is still losing money.
When the Internet industry was booming, no one cared about these losses, because everyone looked at the company's earnings after ten years, and there was a lot of venture capital for Internet companies to burn to seize market share.
But when it comes to the cold winter of the Internet, no one dares to invest, and the consequences of these losses begin to show.
There is no money in the company's account, but the salaries of employees still have to be paid every month, and the money for various broadband expenses and hardware purchases has not decreased...
Sit and eat the mountains and the sky, the company's market value will only fall all the way!
The stock price reflects only what will happen to your company in the future, so it’s not really undervalued.
…………
Was exposed by Wang Ye's words, and Woroz had nothing to say, because he knew very well that this was the situation in the company.
If there is no new money coming in, it will really not be able to last.
Even if layoffs continue, severance pay will be paid to employees, which also requires a lot of money.
In addition, the wages of employees in the Internet industry are generally relatively high. Take Yandex as an example, the average salary of employees has exceeded 2,000 US dollars!
The salary of one employee is as good as that of four university teachers...
Of course, because it is the top Internet in Russia, the employees they recruit are indeed top programmers, and they are worth the price!
Now the remaining hundreds of employees need a million dollars in expenses every month!
"Okay, Mr. Mikhail, how much are you willing to pay to privatize and delist the company? In addition, I would like to know your plans for the future development of the company." Voloz said weakly.
If Yandex is really privatized, it may not be a bad thing.
Of course, this is for the company.
But for the founders of companies like Voloz, that is definitely not a good thing.
After all, they are all so-called listed company executives now!
After is acquired, we have to look at the face of the new boss and do things...
(end of this chapter)
Wang Ye didn't know much about Woroz. After all, in his "previous life", the company Yandex was not very famous, and he didn't even know the name of the founder of this company.
According to the information collected by the employees of Polar Bear Investment Company, Wang Yecai has a little understanding of Woroz.
This guy is definitely a technical genius!
Voroz was one of the first people in Russia to come into contact with computers, in 1984 in the former Soviet Union...
At that time, there were only a dozen computers in the entire former Soviet Union!
And in the early 1990s, Voloz started a company that specialized in search engine technology.
In terms of technical level, it is definitely leading the world!
In 1997, Voroz co-founded Yandex with two partners and officially launched a Russian search service, which was a year earlier than Google's establishment.
In Russia in 2001, Yandex was the largest Russian-language search service provider!
Currently, Voloz is the largest individual shareholder and CEO of Yandex, with a share of 15%.
The other 85% is owned by multiple investment institutions and individual investors. Because the stock price has plummeted by 97%, the current market value of the company is less than $4 million...
These are the current situation of Yandex.
………………
Under the leadership of Voloz, we briefly visited the company, and then everyone entered the large conference room, ready to start negotiations.
Internet companies, in fact, there is nothing to see.
In addition, the company has already laid off nearly half of its employees, and the whole building looks empty and quite deserted.
Voloz took the lead to speak: "Welcome to Mr. Mikhail and everyone at Polar Bear Investment Company, and thank you for your trust in Yandex. Under the current environment, you are willing to invest in our company. It is undeniable that from last year At the beginning, the global Internet industry is facing great difficulties, and Yandex is no exception. At present, the company's funds are very tight, and it really needs new funds to enter..."
He was very frank, and he spoke out the external environment and internal difficulties without concealment.
Of course, even if you want to hide these things, you can’t hide them. After all, investment companies are not vegetarians, so you must have checked them out before you come here.
Therefore, he took the initiative to speak out, and he could gain a good impression.
After listening to Woroz's words, Wang Ye nodded with a smile and said, "Yes, the global Internet is in a cold winter, but in the long run, I still insist on optimistic about the development of the Internet industry. We established Polar Bear Investment Company. , the goal is to invest in global Internet companies, and Yandex is the first investment target we chose!"
Woroz’s face was full of gratitude, expressing his great honor.
The two sides had contact in the early stage, and of course Woroz also understands the public background of Polar Bear Investment Company.
This company is backed by the Yukos Group, an energy giant, and just bought the Siberian Oil Company for $5 billion a few days ago!
Although the news of was not publicized, it has already been widely circulated in some circles.
Obviously, this investment company is definitely rich!
If Yandex, who is in trouble, can get the investment of Polar Bear Company, it will basically be able to come back to life.
"Mr. Mikhail, how much do you plan to invest, and what are your requirements for shares or board seats?" Voloz asked cautiously.
These are the core issues!
How much money to give, how many shares to ask...
Wang Ye smiled and said directly: "Yandex's market value is very low now, only a few million dollars. We must acquire it with full capital. If Yandex is privatized and delisted, how much will it cost?"
Voloz was stunned for a moment, then shook his head again and again: "Mr. Mikhail, although Yandex's current market value is indeed only a few million dollars, everyone understands that this is only affected by the cold winter of the Internet, and the company is seriously undervalued! Facts Up, our company's headquarters building alone may have sold for more than a few million dollars. Plus..."
He was interrupted by Wang Ye before he finished speaking.
"Mr. Voloz, please pay attention to one thing, that is, Yandex is still not profitable! Every month's expenditure requires a large amount of money. In a few months, your company will sell the headquarters building. Come down and pay the employees." Wang Ye said with a smile.
On the surface, Yandex’s market value of several million dollars is indeed low. The fixed assets are more than that. In addition to the company’s website, technology patents, etc., it will cost 20 to 30 million dollars.
But for any company, the low valuation is justified, not just on the surface!
Because Yandex does not make any profit, although it is also advertising, the Internet is not very popular, so there are not many advertisements, and the income of this piece is far from the company's monthly expenses.
So the company is still losing money.
When the Internet industry was booming, no one cared about these losses, because everyone looked at the company's earnings after ten years, and there was a lot of venture capital for Internet companies to burn to seize market share.
But when it comes to the cold winter of the Internet, no one dares to invest, and the consequences of these losses begin to show.
There is no money in the company's account, but the salaries of employees still have to be paid every month, and the money for various broadband expenses and hardware purchases has not decreased...
Sit and eat the mountains and the sky, the company's market value will only fall all the way!
The stock price reflects only what will happen to your company in the future, so it’s not really undervalued.
…………
Was exposed by Wang Ye's words, and Woroz had nothing to say, because he knew very well that this was the situation in the company.
If there is no new money coming in, it will really not be able to last.
Even if layoffs continue, severance pay will be paid to employees, which also requires a lot of money.
In addition, the wages of employees in the Internet industry are generally relatively high. Take Yandex as an example, the average salary of employees has exceeded 2,000 US dollars!
The salary of one employee is as good as that of four university teachers...
Of course, because it is the top Internet in Russia, the employees they recruit are indeed top programmers, and they are worth the price!
Now the remaining hundreds of employees need a million dollars in expenses every month!
"Okay, Mr. Mikhail, how much are you willing to pay to privatize and delist the company? In addition, I would like to know your plans for the future development of the company." Voloz said weakly.
If Yandex is really privatized, it may not be a bad thing.
Of course, this is for the company.
But for the founders of companies like Voloz, that is definitely not a good thing.
After all, they are all so-called listed company executives now!
After is acquired, we have to look at the face of the new boss and do things...
(end of this chapter)
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