Chapter 515

Listening to Li Li Dongling's words that were almost "not pretending anymore" and "showing his cards," Himalayan Radio was just used to put old wine in new bottles, put a new vest on the parent company, and then list on NASDAQ!

This made Jim Clark, Mo Mo Lizi, and Dickson in the conference room feel a bit silenced.

This kind of playing method of changing old wine for new bottles had not yet become popular, but after a few years, it wouldn't be very fresh. Like General Electric, Enron Group, Time Warner in America, including Disney, which didn't care about the Internet now, all began to "embrace" the Internet one after another.

These giant companies acquired Internet companies, launched their own energy trading websites, e-commerce websites, etc., and played happily, because playing the Internet could really make the stock price skyrocket!

It's not that these companies suddenly liked the Internet, but facing the sharp drop in stock prices and the pressure of Huaerjie, even if they were just acting, they had to enter the Internet industry to increase the stock price.

Feiyan Technology just took a step ahead and set an example for its peers, telling them how leeks should be cut—no, how to transform information and become a modern company...

"From the moment Himalayan Radio went online, Feiyan Technology has been an Internet company. No one can question its identity!"

Li Li Dongling's gaze swept over everyone in the conference room and said to them, his face still carrying a warm smile, and his tone was not heavy, but everyone in the conference room knew that regardless of whether Li Li Dongling was playing the trick of calling a deer a horse, today in the conference room, whoever dared to question whether Feiyan Technology was an Internet company would probably be swept out of the door!

The key was, would the Netscape, Yahoo, Sequoia Investment, and Citigroup companies in the conference room today be willing to be driven away in such a gray manner?!

Now Himalayan Radio was a sweet pastry. Whoever touched it could get huge returns. This was Li Li Dongling's confidence in calling a deer a horse.

Similarly, if Netscape could invest or buy into Himalayan Radio, it could pull up a wave of stock prices. Similarly, by pulling Himalayan Radio into the Netscape camp, Yahoo could also obtain traffic and heat with the help of Himalayan Radio.

As long as Sequoia Investment and Citigroup got Himalayan Radio's equity, according to the current heat, what they needed to consider was how many times the return of US dollars they would get!

Who would be willing to go against US dollars, especially in a country like America? As long as there is money to be made, they are willing to wipe their faces, let alone Li Li Dongling's calling a deer a horse, which doesn't count as anything at all!

Dickson spoke at this time. "Himalayan Radio listing alone and Feiyan Technology listing as a whole are two completely different concepts!"

If Himalayan Radio was listed alone, at most, it would be a valuation of several hundred million US dollars. But if Feiyan Technology was listed as a whole, the starting valuation was estimated to exceed one billion US dollars. Listing with a valuation of more than one billion US dollars, on NASDAQ, could be considered a small overlord-level existence.

"This is also the reason why Feiyan Technology invited everyone here. I believe that as long as everyone is willing to support it, Feiyan Technology will definitely be able to list on NASDAQ!"

Yao Yao Luoying also spoke. Her words sounded like she was flattering Sequoia Investment and Citigroup, but conversely, if they couldn't help Feiyan Technology list on NASDAQ, then what was the point of keeping them? Eating dry rice?

If it were other Internet companies, including the original Netscape, daring to say this to Sequoia Investment, Mo Mo Lizi would have slapped the door and left long ago.

It had always been Silicon Valley venture capital companies taking hold of Internet startups. When was it their turn to be taken hold of by Internet companies? But facing Li Li Dongling and Yao Yao Luoying, Mo Mo Lizi couldn't slap the door.

Just as Li Li Dongling said just now, Himalayan Radio was just a department under Feiyan Technology. It could add flowers to Feiyan Technology, but even if it collapsed, it wouldn't endanger Feiyan Technology, not to mention that there was Li Dongling High-Tech behind it. Wanting to take hold of Himalayan Radio was simply impossible.

There was another point. If Sequoia Investment took hold of Himalayan Radio, on American territory, Feiyan Technology couldn't deal with Sequoia Investment.

But, in the future, Sequoia Investment would probably be insulated from the mainland Internet industry, and even the entire Asian Internet market, Sequoia Investment shouldn't count on it, because... that was the basic market of Feiyan Technology's parent company, Li Dongling High-Tech!

In America, Feiyan Technology bowed to Sequoia Investment's pier, Li Dongling High-Tech didn't pick faults, but when it reached Asia, reached the mainland, whether it was Sequoia Investment or other Silicon Valley venture capital companies, facing Li Dongling High-Tech, they had to lie down if they were tigers, and coil if they were dragons.

In the mainland, how much Li Dongling High-Tech could help Sequoia Investment was hard to say, but ruining its business was easy. There were plenty of ways!

The atmosphere was a bit dull for a while. Mo Mo Lizi and Dickson were both calculating how much price they would pay for this investment if they invested in Feiyan Technology.

After being slightly dull, Yang Gao Zhiyuan was the first to speak. "General Manager Li, I hope that Yahoo can complete an equity swap with Himalayan Radio!"

Unlike Sequoia Investment and Citigroup, Yahoo couldn't take out too much cash flow to acquire Himalayan Radio's equity and could only use equity to exchange.

"If it is an equity swap, we hope that Feiyan Technology will exchange 3% of its equity for 8% of Yahoo's equity!"

Zhou Zhou Hualiang opened his mouth and said. This had already been discussed before. The reason why he dared to propose such conditions was naturally because Feiyan Technology was more "valuable" than Yahoo now!

Himalayan Radio's heat exceeded Yahoo's, and Feiyan Technology's annual revenue crushed Yahoo's. Exchanging 3% of Feiyan Technology's equity for 8% of Yahoo's equity, speaking of which, could be considered Feiyan Technology "suffering a loss."

Hearing the equity swap conditions proposed by Zhou Zhou Hualiang, Yang Gao Zhiyuan and Yahoo President Kugel did not refute them for the first time, which showed that, in fact, they also agreed that Feiyan Technology was more valuable than Yahoo.

After all, Feiyan Technology's annual profit could exceed 176.4 million US dollars. Exchanging equity with Feiyan Technology could increase Yahoo's heat and get dividends. No matter how you calculate it, it's not a loss, or even taking advantage!

Kugel and Yang Gao Zhiyuan discussed in a low voice for a few sentences, and then looked at Mo Mo Lizi's side. Sequoia Investment was also one of the major shareholders holding 19% of Yahoo.

After Kugel and Mo Mo Lizi went out and made a few more phone calls, they returned to the conference room and said to Li Li Dongling, "Yahoo is willing to accept the equity swap!"

Yahoo and Feiyan Technology reached an equity swap agreement. The equity of Yahoo held by a group of major shareholders of Yahoo, SoftBank, Sequoia Investment, Yang Gao Zhiyuan, Fero, including Li Li Dongling's Zhihang Foundation, all shrank by a portion.

After this equity swap was completed, the Yahoo equity held by the Zhihang Foundation shrank directly to about 5%.

But correspondingly, the Yahoo equity held by Feiyan Technology reached 8%. The Yahoo equity held by the Zhihang Foundation plus Feiyan Technology, added together, exceeded 13%, officially becoming the fifth largest shareholder of Yahoo and having the strength to influence Yahoo's decision-making power.

If Yahoo's stock price could reach the level of the previous life, then how many US dollars could be cashed out from this equity?!

As the Yahoo chieftain, Yang Gao Zhiyuan was very satisfied with this transaction. Zhihang Foundation and Feiyan Technology were both industries under Li Li Dongling. Li Li Dongling was now his most important supporter on the Yahoo board of directors. The more Yahoo equity Li Li Dongling held, the greater his voting power on the board of directors, and the greater Yang Gao Zhiyuan's power in Yahoo naturally became!

Mo Mo Lizi, who also returned, also began Sequoia Investment's quotation. "Sequoia Investment is willing to invest 90 million US dollars in exchange for 10% of Feiyan Technology's equity!"

Mo Mo Lizi knew that Feiyan Technology couldn't be treated with common sense. Wanting to invest like he did in Yahoo back then, taking down 30% or 40% of Feiyan Technology's equity with one or two million US dollars, was simply unrealistic. Now Sequoia Investment had lost the initiative and had to increase Feiyan Technology's valuation.

90 million US dollars, as soon as it came up, raised Feiyan Technology's valuation to 900 million US dollars. This valuation was already a bit scary.

But facing Mo Mo Lizi's opening price, before Li Li Dongling and Yao Yao Luoying could speak, Zhou Zhou Hualiang said dissatisfiedly, "Mr. Mo Mo Lizi, such a quotation is really too low. The valuation made by other investment institutions for Himalayan Radio has already exceeded 600 million US dollars. Is it possible that Feiyan Technology's mini radio business with an annual profit of one or two hundred million US dollars is only worth 300 million US dollars?!"

"The profits of companies in industries such as aviation, banking, insurance, automobiles, oil, and chemicals are higher than Feiyan Technology. What is their market value?" Mo Mo Lizi sneered and said.

Li Li Dongling shook his head and retorted, "But Feiyan Technology is different from them. Feiyan Technology is an Internet company. Compared with Internet peers, it has an annual revenue of over 700 million US dollars. Compared with traditional industries, it is an Internet company!"

Hearing this, Mo Mo Lizi was speechless for a while. This was purely playing the rogue, but after thinking about it carefully, it seemed to make some sense!

Once Feiyan Technology was successfully listed, it would be wearing the skin of the Internet, and it would have the revenue of a traditional company. Wouldn't this have a natural space for hype?!

Jim Clark and Dickson both lit up. They all thought of the tricks in this. Promoting Feiyan Technology with the identity of the Internet, combined with its revenue, it would be difficult for Feiyan Technology's stock price not to be pulled up!

Li Li Dongling had paved the way, and the stage had been set up. If Huaerjie institutions didn't know how to play, it would really be unjustifiable.

Even if someone could see that Feiyan Technology was playing a trick, knowing that Feiyan Technology was hanging a sheep's head and selling dog meat, so what? As long as the stock price was pulled up and the leeks made money, someone would naturally defend Feiyan Technology!

Mo Mo Lizi naturally understood this point, and looking at Dickson's expression on the side, it was clear that he was already moved.

"150 million US dollars, Feiyan Technology can transfer 10% of its equity!" Li Li Dongling also reported the price.