Yahoo, really ill-fated, it was sold again!
On September 2, Apollo Global Management announced that the "Apollo Fund" managed by it had completed the Yahoo case. Since selling Yahoo, the founder of Yang Zhiyuan has also fallen from the peak, and many people have asked, what is Yang Zhiyuan up to?
Yahoo and get a new owner, the
Yahoo
On September 2, Apollo Global Management (APO), a company listed on the New York Stock Exchange, announced that the "Apollo Fund" managed by Apollo affiliates has completed the Yahoo acquisition. The ill-fated Yahoo has changed his "host" again.
Yahoo (Yahoo),It is one of the well-known portal sites in the United States. It is worth mentioning that Yahoo is the world's first website to provide Internet navigation services. It is headquartered in Santa Clark, California, and has the world's oldest "category" search database.
In 1994, Chinese entrepreneur Yang Zhiyuan and David Filo founded Yahoo in the US Silicon Valley office. The company went public in 1996 and by 2015 has become the world's third largest mobile advertising company.
On July 25, 2016, the US technology and media company and telecom giant Verizon acquired Yahoo’s core assets for US$4.8 billion. Yahoo was sold again only five years later. Apollo Global Management said that after the transaction, Yahoo will become an independent operating company under the Apollo Fund, and the equity seller Verizon will retain the remaining 10% of the company.
Verizon sold to Yahoo
_span0 , Verizon announced that after several days of negotiations, it has reached an agreement to sell its media assets Yahoo to the well-known private equity fund "Apollo Global Management" (Apollo Global Management) for $5 billion.The transaction includes US$4.25 billion in cash and US$750 million in preferred stock .
Verizon's sale of Yahoo to Apollo Fund also marked the withdrawal of the telecommunications giant from Yahoo, and in fact it was "reluctant to cut meat." Compared with the price Verizon initially paid, the figure of US$5 billion is really nothing. In 2015, AOL (AOL) and Yahoo (Yahoo) in 2017 totaled more than US$9 billion.
According to the acquisition agreement signed in May, the current Yahoo CEO Guru Gowrappan will continue to serve. He said: The Yahoo era is coming. With the completion of the acquisition, Yahoo's independent operation and development will also be ushered in. With new opportunities, Yahoo will bring new growth momentum and innovation to the brand and business. We also look forward to creating a better future with our new partner "Apollo Fund" and enabling consumers, advertisers, media partners, and Employees benefit together.
Yahoo (Yahoo), is the world's third largest Internet technology company, with nearly 900 million active users worldwide.
As a private equity giant, Apollo (Apollo) was founded in 1990, and its assets are extensive and diverse. Reed Rayman, partner of Apollo said: new Yahoo will be positioned as an independent leader in online consumer and digital media.To achieve long-term success!
"Yahoo Chief" What is Yang Zhiyuan up to? Ali , bit have his presence
"Chief Yahoo" Jerry Yang
Yahoo has changed "New owner", as the founder, "Yahoo Chief" Yang Zhiyuan is in the end, it is impossible to know. Perhaps, since he founded Yahoo to "break away", Yahoo has only been the biggest signpost for his life trajectory.
Yang Zhiyuan, born in Taipei, Taiwan, China on November 6, 1968, currently also holds American citizenship. Since he left Yahoo, which he founded, he has turned into an angel investor. In the early morning of January 17, 2012, when the American Yahoo! announced that the founder Yang Zhiyuan had resigned from Yahoo's board of directors and all his positions in the company, it officially announced the end of Yahoo's era.
Yang Zhiyuan bid farewell to Yahoo,The exit of this dreamy global Internet pioneer will also be a classic case of business and financial management and even family business inheritance for a long time now and in the future.
On the 2021 Forbes Global Rich List, Jerry Yang is on the list with a net worth of US$2.3 billion.
Alibaba founder Jack Ma
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In recent years, the key words of Yang Zhiyuan’s news and information are more “Alibaba” and “Ma Yun”. Yang Zhiyuan, who made his debut on the Internet earlier, is 4 years younger than Jack Ma. Of course, his wealth is no longer equal to that of the "latecomer" Jack Ma.
The resignation of the founder and CEO of Yahoo that year represented the end of Yang Zhiyuan’s peak as a proud man in the Internet era. Many people feel that Yahoo is defeated by . Google (Google) rises, especially when the era of smart phones arrives, Yang Zhiyuan is thrown out. When he was most beautiful,Yahoo's market value was as high as 80 billion US dollars. Compared with Google, which was founded in 1998, Yahoo's market share in search engines has been steadily losing its market share in search engines, and its advertising revenue has been declining.
In 2008, Bill Gates' Microsoft wanted to buy Yahoo for US$44.6 billion, but Yang Zhiyuan refused. Later, the Apple of Jobs represented the new wave of the American technology industry, and the "chief" of Yang Zhiyuan was far behind by the Internet and the new economy train.
In a wave of industrial changes, if you do not advance or retreat, many people will always be eliminated. When Yang Zhiyuan’s "Yahoo Chief" years were quite comfortable, when Jack Ma founded Alibaba in 1999, he and Sun Zhengyi, partners Cai Chongxin and other West Lake rafting, how can there be so much thought to appreciate the beautiful scenery in front of you? ?
In July 2019, Alibaba re-elected the board of directors and passed the stock split plan. Among the four directors re-elected, Yahoo founder Yang Zhiyuan is included. In fact, since the founding of Alibaba, in addition to Sun Zhengyi, Yang Zhiyuan has taken root in Ababa. Just before he was "swept out" by Yahoo in 2012, Yahoo and Alibaba had many negotiations. For example, there were disputes between the two parties regarding Alipay's inclusion in Alibaba. Yahoo later announced that it was expected to be compensated. In early 2011, it was reported that Jack Ma was negotiating financing with Singapore's Temasek to repurchase 40% of Alibaba's shares held by Yahoo.
Yahoo was sold for the second time, and Yang Zhiyuan was no longer the "Chief of Yahoo". More people are wondering whether Yahoo will have the next "owner" and who will be the next "Jiyuan Yang"?
Yang Zhiyuan
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Many actions, such as "Superman" Li Ka-shing, participated in a new round of financing of "artificial eggs" Hampton Creek in 2014. Later, the two of them competed to invest in Zoom . If the shares are held to the present, the shareholding income is also considerable.
, the video conferencing platform Zoom, announced the last quarter’s earnings report on August 30, and revenue exceeded the $10 mark for the first time. However, revenue growth hit a record low in recent years, causing stock prices to plummet 16 %, oppressed the 300 USD support line. This is not surprising, as most countries in the world "unblock" and many people return to the office, Zoom's business needs will show a cooling trend.
Zoom founder Yuan Zheng , 51 years old, is a native of Tai'an, Shandong, and is now a US citizen. In 2011, he left a small software service company WebEx and founded Zoom. Over the past year or so,Affected by the epidemic, Zoom's stock price has soared due to the demand for online meetings and online learning.
As early as 2014, Yang Zhiyuan and Hong Kong's richest man Li Ka-shing, together with Hong Kong's richest man Li Ka-shing, competed to invest in the Silicon Valley company-Zoom. And last year, if it were not for the investment in Zoom to make a lot of money, Li Ka-shing might not be able to regain the throne of "Hong Kong's richest man". Li Ka-shing invested in Zoom as early as 2003.
"lurking" Zoom early, Li Ka-shing made a "pumping", and Yang Zhiyuan must have made money, which also confirms his unique investment vision.
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