Yahoo, what a fate, was sold again!
On September 2, Apollo Global Management announced that the "Apollo Fund" it managed had completed the Yahoo case. Since selling Yahoo, the founder of the so-called "Yahoo Chieftain", Yang Jerry Yuan, has also slipped down from the peak, and many people have asked, what is Yang Geyuan busy with?
Yahoo has a new owner
Yahoo
On 2 September, Apollo Global Management (APO), a company listed on the New York Stock Exchange, announced that the Apollo Fund, which is managed by Apollo affiliates, had completed the Yahoo acquisition. The ill-fated Yahoo has changed to the "owner" again.
Yahoo is one of the most famous portals in the United States. It is worth mentioning that Yahoo is the world's first website to provide Internet navigation services, headquartered in St. Clark, California, USA, and has the world's oldest "classified directory" search database.
In 1994, Chinese entrepreneur Jerry Yang and David Ferro founded Yahoo in the Silicon Valley office in the United States. The company went public in 1996 and by 2015 had become the world's third-largest mobile advertising company.
On July 25, 2016, Verizon, an American technology and media company and telecommunications giant, acquired Yahoo's core assets for $4.8 billion, and Yahoo was sold again just five years later. Apollo Global Management said that after the transaction, Yahoo will become an independent operating company under the Apollo Fund, and the stake seller Verizon will retain the remaining 10% stake in the company.
Verizon sells Yahoo
In fact, Verizon sold Yahoo to Apollo Funds after the market had long been rumored, and on May 3 this year, Verizon announced that after several days of negotiations, it had reached an agreement to sell its media asset Yahoo to Apollo Global Management, a well-known private equity fund, for $5 billion. The transaction includes $4.25 billion in cash and $750 million in preferred stock.
Verizon's sale of Yahoo to the Apollo fund also marked the telecom giant's divestment from Yahoo, in fact, a "bitter cut." The figure of $5 billion is really nothing compared to the price Verizon originally paid, which together smashed more than $9 billion in 2015 and Yahoo in 2017.
According to the acquisition agreement signed in May, the current Yahoo CEO Guru Gowrappan will continue to serve, he said: "The Yahoo era will come, with the completion of the acquisition, but also usher in a new opportunity for yahoo's independent operation and development, next, Yahoo will bring new growth momentum and innovation to the brand and business, and also look forward to creating a future with our new partner "Apollo Fund", and benefit consumers, advertisers, media partners and employees.
Yahoo is the world's third-largest Internet technology company with nearly 900 million active users worldwide.
Founded in 1990 as a private equity giant, Apollo has a wide range of assets. Reed Rayman, partner of Apollo, said: "The new Yahoo will be positioned as an independently operated online consumer and digital media leader for long-term success!
What is "Yahoo Chief" Jerry Yang busy with? Ali and Didi have his figure
"Yahoo Chief" Yang Jerry
Yahoo has changed to "new owner", as the founder, "Yahoo Chief" Yang Jeryuan is really in the state of mind, there is no way to know. Perhaps, since "breaking away" from yahoo he founded, Yahoo is just the biggest signpost of his life trajectory.
Jerry Yang, born on November 6, 1968 in Taipei, Taiwan, also currently has U.S. citizenship. Since he left yahoo, where he started, he has transformed into an angel investor. In the early morning of January 17, 2012, when Yahoo Corporation announced to the outside world, founder Jerry Yang resigned as a director of Yahoo's board of directors and all his positions in the company, which officially announced the end of an era for Yahoo.
Yang Said goodbye to Yahoo, the exit of this dream-loving global Internet pioneer, will also be a classic case of business financial management and even family business inheritance at present and for a long time to come.
Jerry Yang is on the 2021 Forbes Global Rich List with a net worth of $2.3 billion.
Jack Ma, founder of Alibaba
In recent years, Yang Zhiyuan, who has slipped from the peak, is an angel investor and appears on the board of directors of Alibaba, Didi and other Chinese mainland companies. The past is like smoke, and he, known as the "Yahoo Chief", does not seem to have much intersection with Yahoo.
In recent years, the keywords of news about Yang Zhiyuan are more "Alibaba" and "Jack Ma". Yang Zhiyuan, who debuted earlier on the Internet, is 4 years younger than Ma Yun, of course, he is not an equal magnitude compared with the wealth of "latecomer" Ma Yun.
At that time, as the founder and CEO of Yahoo, he stepped down as the end of Yang's peak moment as a proud son of the Internet era. Many people feel that Yahoo lost in the rise of Google, especially the advent of the era of smart phones, and Yang was thrown away. At his peak, Yahoo's market value was as high as $80 billion, and compared with Google, which was founded in 1998, Yahoo's market share in search engines has been losing, and its advertising revenue has decreased.
In 2008, Bill Gates' Microsoft wanted to buy Yahoo for $44.6 billion, but Yang refused. Later, Jobs's Apple represented the new wave of the American technology industry, and Yang Zhiyuan, the "chief", was far behind by the Internet and the new economy train.
In the wave of industrial change, if you do not advance, you will retreat, and many people will always be eliminated. When Yang Zhiyuan's "Yahoo Chief" years were still quite comfortable, when Ma Yun founded Alibaba in 1999, he went boating in the West Lake with Son Zhengyi, partner Cai Chongxin and so on.
In July 2019, Alibaba re-elected its board of directors and passed a share split plan. Among the four re-elected directors was Yahoo founder Jerry Yang. In fact, since the founding of Alibaba, in addition to Son Zhengyi, there is also Yang Zhiyuan who has rooted in Ababa. Just before he was "swept out" by Yahoo in 2012, Yahoo and Alibaba had many negotiations, such as the two sides had disputes over Alipay's transfer to Alibaba, and then Yahoo announced that it was expected to be compensated. In early 2011, it was rumored that Ma and Singapore's Temasek were negotiating financing to buy back Yahoo's 40% stake in Alibaba.
Time has passed, Yahoo has been sold for the second time, Yang Jeryuan is not a "Yahoo chief" for a long time, more people are curious, Yahoo will not have the next "owner", the next "Yang Jerry" turn who?
Jerry yang
After exiting Yahoo, as an angel investor, Yang Ghreyuan has also taken many actions in addition to the investment of Alibaba and Didi, such as "Superman" Li Ka-shing, who participated in a new round of financing for "artificial egg" Hampton Creek in 2014. Later, the two of them competed to invest in Zoom, and if the shares were held until now, the return on holdings was also quite considerable.
Video conferencing platform Zoom, on August 30, announced last quarter's earnings report, revenue for the first time broke through the $10 mark, but the revenue growth rate hit a new low in recent years, making the stock price "dust" plunge 16%, pressing the $300 support line. It's no surprise that with most countries around the world "unblocking" and many returning to the office, Zoom's business needs will cool down.
Zoom founder Yuan Zheng, 51, a native of Tai'an, Shandong Province, is now an American citizen, who left WebEx, a small software services company, in 2011 to start Zoom. Over the past year, due to the impact of the epidemic, Zoom has "shined" due to the demand for online meetings and online learning, which has made its stock price soar.
As early as 2014, Mr. Yang joined Li Ka-shing, Hong Kong's richest man, in a bid to invest in a Silicon Valley company, Zoom. Last year, if it were not for the huge profits from investing in Zoom, Li Ka-shing would probably not be able to regain the throne of "Hong Kong's richest man". Li Ka-shing invested in Zoom as early as 2003.
Early "lurking" Zoom, Li Ka-shing earned "full of pots", Yang Zhiyuan also certainly made money, but also confirmed his unique investment vision.
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