Chapter 285 Repurchase Ali Shares!!

Shortly after Fairview Group announced its stake in Taobao, Sun Zheng, chairman of SoftBank in Plaster, also made a cross-ocean call.

"Marsan, you need an explanation for me!?"

Jack Ma can clearly hear that Sun Zheng is also very dissatisfied, saying that it is good to talk about financing, how to blink an eye.

Jack Ma and the founding team sold the company to Fairview Group.

In fact, Jack Ma is now also helpless, facing the behemoth of the Splendid Group.

Alibaba simply can't resist.

So he could only tell the truth.

Although, he is very grateful to SoftBank Chairman Sun Zhengyi for raising 20 million yuan in 2000.

However, the identity of the other party's plaster still made him a little nostalgic.

After hearing this, Sun Zhengyi, who was in the plaster, frowned.

Even he knows the name of the Fairview Group and Li Jianguo, the richest man in the world.

This enterprise that single-handedly beat the world's three major iron ore companies with 253 and directly forced the international iron ore price to rise at all, there are too many legends.

However, I did not expect that this company has now begun to lay out the Internet.

Even Alibaba, which he was very optimistic about, was acquired.

This situation gave Sun Zheng a headache.

"In addition, Mr. Sun, Jinxiu Group wants to acquire the 18.90 shares you hold!"

After Jack Ma finished speaking, after a pause, he continued: "If you don't agree, Fairview Group may exercise the rights of the majority shareholder and raise a huge amount of financing against Alibaba, which is expected to raise more than $10 billion, until you dilute your shares below 5." "

As soon as these words came out, Sun Zheng was also shocked.

In fact, not only him, Jack Ma was also shocked to the jaw after hearing the news.

However, at that time, his shares had been sold, and the shares were the same shares.

That is, 50% of the shares of Fairview Group, with 50% of the voting rights.

In this case, even Jack Ma could not object.

In fact, founders such as Jack Ma have very few shares in Alibaba at this time, only 20.60.

The remaining Alibaba shares are each owned by Fidelity, Xinguo TDF and AB Investment.

Later, he learned that Mr. Li of Jinxiu Group had acquired 3.2% of the shares held by Xinguo TDF for 30 million US dollars before negotiating with him.

That is, Splendid shares reached 53.20.

Once Fairview Group completes a $10 billion financing, both Sun Zhengyi and Jack Ma and other founders will be diluted to a very low level.

Apparently someone doesn't want to have a major shareholder in his company.

And Jack Ma's meaning is to persuade Sun Zheng to sell his 18.9% shares, otherwise, the result will be bad for anyone.

"I see!"

Sun Zhengyi said.

In 2000, he acquired a 30 percent stake in Alibaba for $20 million, but after several rounds of financing, that stake became 18.9 percent.

Originally, C on financing he was ready to follow.

But I didn't expect the Splendid Group to cross a bar.

The plan had to come to naught, not to mention that if the other party really raised 10 billion yuan from Alibaba, his shares would become single digits at that time.

In this company, he doesn't even have the right to speak, and if the tone is like that, he might as well take the opportunity to sell it and make a big profit.

So, after thinking about it, he agreed to sell the shares, but he demanded that Fairview Group must repurchase the shares at a valuation of $3 billion.

Finally, after a week of negotiations, Li Mingxuan bought back 18.9% of Alibaba's shares from Sun Zhengyi for $400 million.

Sun Zheng also made a profit of 20 times in four years, which is also a big profit.

So far, Fairview Group has paid less than $2 billion and acquired 72.1% of Alibaba's shares.

Absolute control was achieved, and the remaining shares except for the founder's 20.6, only some shares of investment banks remained.

Although the price is not cheap, Li Mingxuan feels that it is worth it.

In his opinion, with the backing of Fairview Group in the future, Alibaba's market value is estimated to be even larger than in its previous life.

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