Tao Liangchen

Chapter 837 Old Sayings Are True

Silicon Valley sent new news.

Google used $200 million to successfully acquire PRIE, completing its privatization and delisting.

PRIE's total market value was less than $170 million, and it had been silent on the NASDAQ market for a while. It mainly provided services such as hotel reservations, ticket sales, and car rentals.

PRIE's shareholders were relatively satisfied with Google's premium acquisition. Most of its team would be retained, with a layoff rate of about 10%, and a compensation package of N+2.

Google's management acted vigorously. Before the company was fully reorganized, they immediately announced that they would add a "Google Travel" service.

This was equivalent to completely merging PRIE, without even needing the company's name.

Starting this new business would undoubtedly offend a large number of peers engaged in online hotel reservations and ticket sales. Fortunately, the current market scale was not too large, and the advertising profits involved were not much. Compared with the gains from acquiring PRIE, the cost of losing customers was small enough to be acceptable.

Google once again became famous in the market.

Coincidentally, its funds were only less than $100 million. After Su Yhao discussed it with Google's CEO Eric Boyar and COO Danielle Kenning, they decided to release the news that they would raise $1.5 billion in the first quarter of next year, with a valuation between $9 billion and $11 billion.

NASDAQ was already showing signs of improvement.

Since the index fell below 1,000 points in September, the market had quickly rebounded to 1,350 points. The bottoming signal was very obvious, and market confidence had finally returned.

At the end of November.

The share price of Yanwenzi Group had rebounded to $14 billion.

Compared with Google, Yanwenzi Group lost out in terms of revenue and profit, and there was Microsoft’s /

He used to be focused on making money, but now he was worried about having too much money in the future.

Fortunately, the strategy of diversified investment had been implemented for a long time, and the foundation was well laid. Otherwise, Su Yehao might have been so worried that he couldn't sleep, and would have immediately started dividing assets into the family charitable trust fund.

Just like what Gates did, the donated assets were not included in the total net worth. He could use the money that should have been taxed to do charity, and also gain a wave of reputation and fame, getting both face and benefits.

In his spare time.

Su Yehao pondered for a long time, trying to find a win-win solution.

If everything went smoothly, he felt that his total net worth might be as high as hundreds of billions of dollars, or even trillions of dollars, in ten years. This was the root cause of his anxiety.

As the old saying goes, people fear fame, just as pigs fear fattening.

Another old saying says that those who do not think far ahead will have immediate worries, and that a tree that stands out in the forest will be destroyed by the wind.

When Su Yehao foresaw that he might run into trouble in the United States in the future, and that the crisis of survival was greater than the pursuit of wealth, the worries in his heart began to linger.

People have different needs at different stages.

Su Yehao's assets had been adjusted many times, and had matured to the point where they were appreciating crazily even if he did nothing.

Continuing to expand the scale of the business was no longer meaningful. The trivial issue of making money had taken a back seat. How to safely protect himself and his wealth was the top priority for a long time to come.

In addition to considering acquiring traditional media, or attracting more allies to help speak up in case of trouble, Su Yehao had also thought about planning ahead and setting up large projects that were both expensive and meaningful.

The initial ideas included large-scale hydropower stations, pharmaceutical research and development, mineral energy, high-speed railways, private universities, etc., so that when the time was right in the future, he could slowly transform tangible wealth into traditional assets that others didn't pay much attention to, and hide them in the family charitable trust foundation.

It just so happened that the advantage of foreknowledge would always end. More stable income channels were like buying shops and collecting rent, which was worry-free and long-lasting...

After a few days.

Su Yehao asked the assistant's office to find people to set up three working groups.

They were responsible for studying the Baihetan Hydropower Station in the mainland, the Australian iron ore mine, and research-oriented university projects similar to Stanford, Caltech, and MIT.

He wasn't in a hurry to make a move, he was just preparing.

After the new company was established, it would all be affiliated with the Su family's trust fund. Once there was spare money, he would throw it in, reducing the growth rate of wealth through "donations."

In addition, some companies didn't need to be listed and would exist as private companies for a long time. At the same time, he would avoid contact with appraisal companies and no longer publish financial reports.

This was a medium- to long-term strategic plan, so there was no rush for the time being. However, the construction period of the university was relatively long, so Su Yehao wanted to put it in Hong Kong, so as to attract talents from all over the world, especially from the mainland, and drive the development of Kai Tak Digital Port and Hong Kong Microelectronics Company.

And so.

For two days in a row, Su Yehao personally ran to several places, preparing to come up with a plan as soon as possible.

After looking around, he set his sights on the open space that the old Li family was preparing to develop into a digital port, which was located on the west side of Hong Kong Island, with beautiful scenery and convenient transportation and life...