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Chapter 1227 Google Acquires YouTube

Last year, Jin Jingcheng invested $60 million and acquired some shares from the three YouTube co-founders Heli, Chen Shijun and Karim, each of which occupied 39% of YouTube's shares, becoming YouTube's second shareholder.

In fact, if it comes to shares, 39% of the shares is already the largest among the four, but YouTube's situation is very special, because Heli, Chen Shijun and Karim are co-founders, and the three are closely connected. Although after Jin Jingcheng invested in the acquisition of the shares, their respective shares were smaller than Jin Jingcheng, the three still accounted for 61% of the shares in total, and the three jointly held YouTube.

Jin Jingcheng invested in YouTube and occupied 39% of the shares. He did not really want to control YouTube, because his time and energy were really limited. In addition, he had a dream of Korean entertainment, so it was difficult to control Facebook while controlling another YouTube. Moreover, he knew that YouTube would be very awesome in the future, but it was indeed not as good as Facebook, and YouTube could not make a profit for several years.

One of the important purposes of Jin Jingcheng's investment in YouTube is to make money as an investment, because he knew that YouTube was developing rapidly. On October 9, 2006, Google acquired YouTube website for US$1.65 billion and reached a content licensing and protection agreement with Universal Records, Sony Music, Warner Music, and CBS.

Time flies very quickly, now it is August 2006. If the trajectory of the previous life has not changed, then there are only two months left before Google's acquisition of YouTube's shares in the previous life. According to time calculations, Google should start to take the initiative to negotiate with YouTube at this time.

Because Jin Jing had too many things to do with others, he kept asking Jose to help him take care of YouTube in the United States. If there was anything important, Jose would report to him at any time.

It is more than 1:00 in the middle of the night in Seoul time, and Jose should have considered this in advance. Under this premise, he still called Kim Jong-sung at this time, indicating that there must be something very important, because Jose knows that Kim Jong-sung usually goes to bed late.

Jin Jingcheng judged that this time Jose suddenly called, which should be related to Google's attempt to acquire YouTube. Sure enough, Jose said on the phone: "Google is asking YouTube for negotiations and wants to acquire it."

Jin Jingcheng said, "Well, this is within my expectations."

Jose sighed: "Boss, although I have known for a long time that you are a very smart and even magical person, I still can't help but praise you this time, you are really amazing, like a prophet, and you have long expected Google to acquire YouTube."

I would say this because Jin Jingcheng told Jose when he acquired YouTube shares last year that Google will likely take a fancy to YouTube's market value in the future and invest in the acquisition. Now, reality has proved Jin Jingcheng's prediction. In Jose's view, Jin Jingcheng seems to be a magic prophet.

Of course, Jin Jingcheng knew that he was not a magic prophet. He would have expected this because he was a reborn person. Rebirth was a great capital for him to be brilliant in this life.

Jin Jingcheng smiled and said, "Jose, you are not a person who likes to praise others. With our relationship, you don't need to praise me. You should just get to the point. How does Google plan to acquire it?"

Jose said: "The current offer is $1.5 billion and wants to acquire all the shares held by the entire YouTube, which is the boss you, Mr. Heli, Mr. Chen Shijun and Mr. Karim."

Jin Jingcheng paused and said, "1.5 billion US dollars is not enough. Jose, you first negotiate with Mr. Heli, Mr. Chen Shijun, and Mr. Karim on behalf of me and tell the three gentlemen that we can offer Google $1.8 billion." The offer of US $1.8 billion does not mean that the other party must use US $1.8 billion to acquire it. Of course, the two parties will negotiate. If the trajectory of the previous life has not changed, all 100% of YouTube's shares will be eventually estimated by Google $1.65 billion.

Jose said: "Okay, boss."

Jin Jingcheng said: "For such a big acquisition, not only can we not be hasty, but I believe Google will not be hasty either. The negotiations should be at least over a month. Well, in the next month, I will take time to go to the United States to deal with this matter specifically. I will also ask you to join me."

This acquisition is indeed very big. Jin Jingcheng must take time to go to the United States in person, and it is estimated that he will go there more than once. Jin Jingcheng will attach so much importance to it, not only because this acquisition involves a lot of funds, but also because Jin Jingcheng does not want to sell all of his 39% YouTube shares to Google.

According to Jin Jingcheng's plan, he was willing to be acquired by Google, but he was only willing to be acquired 30% of the shares, and the value of these shares was US$495 million.

Jin Jingcheng only invested in YouTube in December last year. If this acquisition can be realized according to Jin Jingcheng's idea, then in the past 10 months, the 60 million US dollars he invested will become 495 million US dollars, which has increased multiple times. This investment is too profitable, not to mention that he still retains 9% of his shares.

Retaining 9% of the shares is Jin Jingcheng's second purpose of investing in YouTube. 9% of the shares will be enough to allow Jin Jingcheng to continue to be a shareholder of YouTube, that is, he can still use the YouTube website. Jin Jingcheng knows that an important purpose of the YouTube website in the future is promotion! Retaining 9% of the shares and becoming a shareholder of YouTube is undoubtedly beneficial to Jin Jingcheng's Korean entertainment plan! But he can only retain 9% of the shares. According to Jin Jingcheng's estimate, if this number exceeds, Google will most likely be unwilling to acquire it.

Jose hurriedly said, "Boss, you are so kind. If you have anything you need to do, just give me a command."

Jin Jingcheng said, "Well, that's it."

The phone immediately hung up.

At this time, Sun Danfei walked back from the living room and sat back on Jin Jingcheng's thigh. He put one hand around Jin Jingcheng's neck and gently kissed Jin Jingcheng's face. Then he asked curiously: "Do you have any important investment?" Just now, Jin Jingcheng asked Sun Danfei to walk away. Sun Danfei realized that the call that Jin Jingcheng received was to deal with the important business, and the so-called important business was mostly a business matter.

Jin Jingcheng smiled playfully: "I won't tell you."

Sun Danfei snorted, feeling a little resentful, but it seemed that she was already used to it.

Jin Jingcheng recalled a passage he once said in his heart: "If I had to define the happiest thing, I think for me personally, it can be roughly understood that the thing that makes me feel happiest is usually after some effort, something is becoming what I want."

At this moment, he enjoyed this feeling again.
Chapter completed!
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