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Text Chapter 1617 Preparation and Progress

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    Nortel Networks' patents and talents are something Xiao Qi must keep in his hands.

    The reason is very simple. Nortel Networks¡¯ technology patents in optical fiber, 3g, 4g, network switching, wireless communications, etc. are all world-class. If Xiao Qi wants to continue to develop, he must obtain these patents and talents.

    ??Especially talent is the most important.

    Once you have a patent, it currently only lasts 20 years of protection. Maybe more than half of the time for many patents has passed, leaving only a few years of patent licensing benefits.

    But with talents who can continuously develop new patents, you can ensure that your patent monopoly can continue.

    I have never heard of a company's patent barrier being able to reach it with just a few or dozens of patents. At least, hundreds or thousands of patents are issued continuously, and then it is continuously introduced with new ones over decades.  Only this can constitute a long-term patent monopoly.

    In this regard, Intel and IBM are both leaders.

    Although their reputation and strength are not as good as those of emerging companies, their real potential strength is scary - haven¡¯t you seen that the US government, national defense, scientific research and other institutions use their products?  It¡¯s impossible for a company like this to go bankrupt!  Is the name of a government-supported enterprise a joke?

    As for absorbing these large numbers of experts and technical personnel, it will greatly increase the burden on Mingxiang Holdings' North American laboratory, and the expenses will skyrocket, so that is not a problem.

    The size of Mingxiang Holdings' North American laboratory has never been too big for Xiao Qi. If a Chinese company wants to develop high technology, you can't get past these European and American experts who have received advanced education and use foreigners to fight for their own careers.  That is undoubtedly a good thing.

    ¡°Besides, these experts are not the domestic experts who only rely on their qualifications.  They have real talents and knowledge, and they can all contribute their own strength and intelligence to Xiao Qi. It is not difficult to make money from them, earning several times or even dozens of times the investment.

    In addition, Xiao Qi¡¯s other most important acquisition.  That is the wholly-owned acquisition of yahoo.

    He had this plan after his previous bid for the Alibaba shares owned by Yahoo was rejected. This was not about venting anger at all, but because their rejection made Xiao Qi feel suddenly enlightened.

    There are many good things about Yahoo, such as search engine patents, various company stocks, strong R&D personnel etc. As the first listed Internet company in the United States, Yahoo has a deeper foundation than Google.

    By spending that much money, you can not only get shares of Alibaba.  No idiot would want to get so many accompanying gifts!

    According to the history of previous lives, Yahoo will reach its lowest price in history at the end of this year - with a market value of only US$12.7 billion.

    It¡¯s conceivable how failed Yahoo¡¯s management has been in turning such a large company into a company whose net assets are higher than its market capitalization. Chairman Yang has once again proven it to the world.  It is not necessarily true that good company founders are good managers.

    Of course it was impossible for Xiao Qi to be so late-minded as to negotiate acquisitions with Yahoo¡¯s important shareholders and buy their shares on the stock market at that time.

    ??Buying stocks is not what it says in the book.  Today Yahoo only has 12.7 billion U.S. dollars. If you spend 12.7 billion U.S. dollars today, you can fully control Yahoo. This is obviously just a dream.

    Yahoo¡¯s equity is very complicated, including management shareholdings, institutional shareholdings, retail investor shareholdings, tradable shares, etc., let alone one person.  Even if you are given dozens of elites in a department, you can complete the entire acquisition within two or three months, which is also a very impressive performance!

    During this period, it is possible that the value of Yahoo's shares will increase, and you will need a premium to buy from institutional investors.  Compulsory takeover privatization also requires a premium

    People who want to buy the lowest price and care about every penny are definitely not people who want to do big things!

    Because you don¡¯t know at all whether anyone will compete with you by then, let alone what surprises there will be.

    Therefore, after Tong Wencong completed the privatization of imax, Xiao Qi began to prepare information related to Yahoo. Once the financial crisis began to break out in September, he could immediately engage in contact and negotiation with Yahoo's shareholders to strive for the best possible outcome.  Complete the acquisition of Yahoo's shares as quickly as possible.

    Of course, the acquisition of Yahoo is not just that simple. First of all, the US Antitrust Commission, Fair Trade Commission and other places will pay close attention to this incident.

    Normally, if they discover that Xiao Qi is making an acquisition, their first reaction is to determine that the acquisition is illegal and order Xiao Qi to stop the acquisition - becauseThese companies in the United States that are related to network security are not allowed to be controlled by a Chinese person.

    Therefore, when Tong Wencong was preparing intelligence, he also needed to spend a lot of money on lobbying giants in Washington.

    There is a very strange law in the United States, that is, the Lobbying Act. Lobbying companies and lobbyists must be registered to be eligible to lobby. This law also stipulates many rules and regulations, which is called to restrict and allow lobbying.  It is more transparent, but it actually creates bargaining chips for transactions.

    But fortunately, the United States has these endless lobbying companies, with more than 25,000 registered lobbyists and more than 100,000 indirect service teams, making every decision of the U.S. government full of conspiracy and transactions.

    Yahoo cannot be sold to Chinese people, but if Xiao Qi uses them to lobby and then makes some promises, such as not moving out of the United States, business as usual, etc., then it is probably feasible.

    The only thing the young man has to pay is a large amount of money. Hundreds of millions is a small amount. The whole thing may cost even more than a billion US dollars, which is a huge expense.

    But how could Xiao Qi be a person doing loss-making business?

    He has paid so much, and naturally gained more!

    Think about Alibaba¡¯s 40% stake alone. By the end of 2013, it was conservatively estimated to exceed 60 billion U.S. dollars, not to mention the other assets, patents, etc. mentioned above, in Yahoo¡¯s hands.

    In fact, it is precisely because Yahoo has such abundant capital that US$12.7 billion is just an unexpected and unreasonable value. After a few months, the value will almost double, and it has not fallen since then.

    If you want to acquire what you want, you must be well prepared this time and hit the target with one strike!

    While the acquisition of Yahoo is slowly being prepared, Xiao Qi is investing in a new round of investment to establish a company in the United States, and Hoffman has been busy with this.

    The foursquare social networking site started its public beta test in November and was officially launched in December. Through the novel sharing function, the real-time support of powerful network wifi, and the sufficient financial support given by Xiao Qi, it was immediately launched in  Among young people in North America, a social networking site has set off a youth storm.

    People in Europe and the United States like social networking sites the most. Speaking of which, they are free and open enough, but they still feel that the Internet is better and more interesting than reality, and they can escape many negative things in reality.

    Therefore, social networking sites are very popular in the United States.

    But another aspect of popularity is that competition is very fierce.

    There are dozens of well-known social networking sites. If you don¡¯t have any real skills, it will be difficult to stand out in the shadow of those giants.

    Foursquare is undoubtedly a social networking site with novel ideas. It focuses on geographical sharing and timely sharing, allowing friends to pay attention to the real-time status of their own journeys, business trips, etc. It is cool to me, but cool to others.  It was as if I had visited that place with my friends.

    Any website that becomes famous needs the support of advertising.

    With Xiao Qi's restructuring funds for advertising, foursquare suddenly became the coolest website. The number of registered users exceeded 23 million in one month, and the number of weekly active users exceeded 8.45 million, making it the 9th most active website in the United States.  The social networking site completely exceeded everyone¡¯s expectations.

    Of course, in addition to advertising and novel ideas, there is also the reason that Hoffman has built the website very well. Whether it is uploading geographical locations, uploading comments, photos, etc., the structure is solid.  There will be no problems such as network lag or continuous failure. It gives people a very good user experience and naturally attracts many young people.

    As for the game development of goolgame, Hoffman indeed hired 15 game development teams in the industry, and nervously developed "Happy Farm", "Happy City", "Texas Hold'em", "Coffee World", "Pet Community",  "Bejeweled Blitz" and so on, have been transformed into real games, and several of them have entered public beta. It is expected that they can be logged into social networking sites such as Facebook, MySPCE and so on as early as mid-January.

    Building the website of airbnb is not a problem. The problem is to invite families from various places to join the plan at the beginning of its opening.

    This cannot be done online. Publicity in various places offline is also very important. Hoffman¡¯s team has begun to go to various tourist attractions in the United States to promote this concept with advertisements and so on. Now it seems that  The effect is not bad, but if we want to achieve a preliminary scale, I am afraid we really need to wait a few more months.

    No matter how the situation progresses, everything is going to be good in the end.  (To be continued)
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