The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 167

#167

Jeong-hoon confirmed that reporter Park Seong-hoon was eavesdropping on his conversation.

He raised his voice a little more, careful not to be noticed.

“Match the price as much as possible. We have to acquire it no matter what.”

“Hey, what are you talking about? We haven’t even asked about their intention to be acquired yet.”

“10 billion dollars? That amount isn’t bad.”

“What are you saying? Get a grip, are you drunk? Jeong-hoon, how can you be drunk at the completion ceremony? Is Dahye there? Let me talk to her!”

Im Cheol-soo’s worried voice came through.

Jeong-hoon moved away from reporter Park Seong-hoon and started the call in earnest.

“Ah, there are reporters nearby.”

“What? Reporters?”

Tension was evident in Im Cheol-soo’s voice.
.

“Then what do we do? Security is paramount in mergers and acquisitions.”

“No, I’m going to announce this operation in advance.”

“Hey, then the acquisition price could go up. It’s not just any venture, it’s Yahoo. It’s still one of the Big Three [referring to the top three internet companies].”

“Then that’s even better. If the acquisition price goes up.”

Suddenly, Im Cheol-soo was speechless.

He couldn’t understand Jeong-hoon’s intentions at all.

“Hey, are you perhaps… fishing?”

“Yes.”

“What? Who are you trying to catch? Star, perhaps?”

“Lee Seok will definitely try to take it. He’s lost so much until now, so he’ll try to take it this time, right?”

“W-well, that’s true, but.”

If Lee Seok joins this merger and acquisition, the stakes will be very high.

A battle of pride between Star and Shinwha—a war is a more fitting description.

Soon, Lee Heon’s inheritance will come into the Star Group.

Jeong-hoon hoped that all that money would be used in the acquisition battle.

Im Cheol-soo pondered Jeong-hoon’s unusual behavior.

And came to a conclusion.

“You don’t have any intention of acquiring Yahoo, do you?”

“No, I will acquire it. Not Yahoo itself, but the stake Yahoo has.”

“What? The stake Yahoo has… Could it be, you?”

“Yes, 40 percent of the shares of the Chinese online shopping platform Alibaba.”

“Will Yahoo sell that?”

“They will if we give them the right value. And there’s the China risk, so we might be able to buy it cheaper.”

“How many times are you thinking? 2 times? 3 times?”

“Well, at least 5 times the purchase price.”

“You know the purchase price, right?”

“Yes, it’s 1 billion dollars.”

“So, you’re saying you can invest up to 5 billion dollars?”

“If it has value, shouldn’t we invest that much?”

“Ha, this guy really….”

Im Cheol-soo’s sigh was heard from the other side of the phone.

“Please prepare for negotiations. I’m counting on you, Uncle.”

“Yeah, now anyone is welcome to meet at Legend… They ask for that much money. Just the fact that we’ve targeted them is enough to bring in investors.”

“It can’t be helped. We can’t keep getting things cheap anymore.”

“That’s true. We made a lot of money thanks to those American bastards, so we have to spend a lot. Hehehe.”

Legend Company, the emperor of the American West.

Apple was in Legend’s hands.

The rapidly growing YouTube.

Everyone was looking forward to Tesla and Mobileye as well.

Microsoft, the emperor of American IT companies.

Not only Jeong-hoon and Im Cheol-soo, but most people did not doubt that Legend Company would become the largest company in the United States.

Im Cheol-soo pressed the intercom.

“Jennifer, if you have time, can I ask you for some coffee?”

“Yes, Boss.”

He called Jennifer, who had been promoted to chief of staff.

The coffee was an excuse.

It was a code exchanged between beasts who had discovered fresh prey.

A moment later, the door opened and Jennifer came in with fragrant coffee.

As she came in and sat on the soft sofa, Im Cheol-soo lowered the blinds on the window and locked the door.

“Boss, what kind of fresh meat did you find?”

Jennifer stared into Im Cheol-soo’s eyes.

Im Cheol-soo swallowed a mouthful of saliva and carefully opened his mouth.

“Yahoo!”

“Yes?”

It was a look of disbelief.

A company that had reached its peak until recently but was being pushed back by Google.

It was different from the companies that Legend had discussed mergers and acquisitions with so far.

Most of them had acquired growing companies.

“It’s already a declining company.”

Im Cheol-soo shrugged his shoulders as if he couldn’t help it.

“Is it an order from Korea?”

When Im Cheol-soo nodded, Jennifer bit her lip as if she couldn’t help it.

The wrinkled brow revealed her dissatisfaction.

“Hoo…, then there’s nothing we can do. Well, he’s never been wrong, so he won’t be wrong this time either.”

If it was an acquisition opinion from within Legend Company, they would have demanded a review.

But an order from Korea.

They had no choice but to trust Chairman Yoon Jeong-hoon of Shinwha, their boss.

Because there had been no failures.

In her opinion, the outdated Yahoo had no advantages.

It was like an old elephant that only consumed food.

But the young boss might see it differently.

He had revived so many companies until now.

Im Cheol-soo comforted Jennifer, who had a hard-to-understand expression.

“I think the same as you, Jennifer. Yahoo is really unattractive.”

“Right?”

“But, Chairman Yoon must have a plan, so let’s wait and see.”

Im Cheol-soo couldn’t tell Jennifer the details.

Mergers and acquisitions where security is important.

Even a minor mistake can create an irreversible typhoon.

“I’m also curious. What our young and handsome boss is thinking.”

“Handsome? He’s just tall and looks like a gigolo.”

“These days, that’s what handsome is, President.”

“Okay. You can go now.”

“Yes.”

Jennifer, who came out of David Im’s room, still had an unconvinced expression. No matter how much she thought about it, she couldn’t understand.

There was no way Chairman Yoon didn’t know the IT industry.

He had shown more insight than the experts, not just once or twice.

Shaking her head, she plopped down in her seat with a thud.

‘Maybe there’s another reason.’

She leaned her whole body against the soft chair. With an interesting expression, she began to look forward to what would happen in the future.

***

Park Seong-hoon, a reporter for the Munhwa Ilbo, did not miss the information that Jeong-hoon had subtly leaked.

He verified Chairman Yoon’s words through various routes.

And the conclusion he came to was.

‘He’s really trying to acquire Yahoo.’

It’s not impossible for the Shinwha Group.

It’s a group overflowing with money.

Money was not a problem at all.

And he expected that they might be able to revive the gradually declining Yahoo.

Reporter Park Seong-hoon went to the desk of Editor-in-Chief Ha Jin-woo.

He was glued to the monitor, watching webtoons [digital comics].

He wanted to slap the back of his flat head so hard that he could shove his head, bigger than a doll’s head, into the monitor, but… he held back.

“Chief, no, Editor-in-Chief!”

“Oh, you’re here?”

“What is it? At a busy time.”

“Me? I’m not busy at all. You guys only bring boring articles, so I have nothing to do.”

Park Seong-hoon’s shoulders flinched at the editor-in-chief’s comment.

“Ahem, I thought you were bored, so I brought you a scoop today.”

“What? A scoop?”

He answered without taking his eyes off the monitor.

It was a soulless voice.

It wasn’t the first or second time he had been deceived.

“Tell me.”

“Hmm, it’s information related to Chairman Yoon Jeong-hoon of Shinwha Group.”

“Hmm, then that’s a different story.”

The editor-in-chief leaned back in his chair and crossed his arms.

The subject of the article was good.

The editor-in-chief raised his chin and gestured.

It meant to continue.

“Shinwha Group is trying to acquire Yahoo.”

“What?”

A gasping sound came from the editor-in-chief’s mouth.

He looked around.

“Are you sure?”

“Yes, I’m sure. I cross-checked it and they are definitely acquiring it.”

“What’s the acquisition price?”

“They say it’s about 10 billion dollars right now.”

“What? Acquire Yahoo with only that much money? It was the world’s largest portal just two years ago? Even if it’s 1 billion dollars, that’s about 1 trillion won [Korean currency] in our money.”

“No, 10 billion, and in US dollars. If you convert it to Korean won, it’s about 10 trillion.”

“Keuh… Isn’t that crazy?”

The editor-in-chief’s eyes widened as much as they could.

“Is it worth that much?”

“Well, I don’t know. But if Shinwha Group has targeted it… it will increase several times in 2-3 years.”

“Hmm, is the article all prepared?”

“Yes. I’ll send it right away if you say okay. Can it come out tomorrow?”

The editor-in-chief raised one finger and pointed to the ceiling.

“The owner must allow it.”

“Ah, yes. Then do that. Ugh, what kind of high position is that editor who is worse than a dog, selling his conscience….”

“What, you little punk?”

“Ah, just kidding, why, do you feel guilty?”

The editor-in-chief glared at Park Seong-hoon.

“Ahem, ahem, then I’ll be going, Chief, no, Editor-in-Chief!”

Reporter Park Seong-hoon slowly disappeared, walking backwards.

Editor-in-Chief Ha Jin-woo took the elevator and went up to the president’s office.

“Shinwha Group is said to be acquiring Yahoo.”

“Yahoo? What kind of company is that? Is it a mountain climbing clothes company?”

Ha Jin-woo bit his lip tightly.

If I laugh… I’m dead.

“It’s an IT company. It’s one of the Big Three internet portal sites.”

The president glared at the editor-in-chief.

“Hey, can’t you pronounce it properly? Ya-hoo. Ugh, study English a little more!”

The president, embarrassed, was very annoyed.

“Shinwha Group is acquiring Ya-hoo?”

“Yes.”

“Huh, this is a scoop.”

“Then shall we release it tomorrow?”

“No, wait, do it when I say okay.”

“Perhaps….”

“No, you bastard, why would I bury something like this that’s not corporate corruption? I’m just going to verify it myself.”

“I understand.”

Editor-in-Chief Ha Jin-woo left.

The president of the Munhwa Ilbo took a deep breath and then picked up the phone.

“Honey, buy some stocks in the IT companies of the Shinwha Group, buy about 1 billion won worth… Okay, bye.”

There is a saying in the stock market that if Shinwha Group acquires a company, it will increase at least twice.

A saying, no, a law that has never been wrong.

He was grinning from ear to ear at the thought of living like an emperor somewhere in Southeast Asia with the money that would double.

After hanging up the phone, he took another deep breath.

“This is Kim Hyun of the Munhwa Ilbo. Can I speak to the chairman?”

“What is this about?”

“It’s about the Shinwha Group.”

A moment later, the voice of Chairman Lee Seok was heard.

Chairman Lee Seok.

From the puppet emperor of the Star Group, he has now become a complete emperor.

His stiff voice was full of arrogance.

“What is it?”

“Shinwha Group’s Yoon Jeong-hoon is said to be acquiring the portal site Ya-hoo.”

Yoon Jeong-hoon is acquiring Yahoo?

Yahoo seems to be faltering a lot right now?

“What’s the amount?”

“They say it’s 10 billion dollars.”

“I’m not interested in outdated companies.”

Lee Seok cut off the phone coldly.

He would think that the other party showed no interest at all.

He pressed the intercom to call the chief of staff.

“Shinwha is acquiring Yahoo, they say.”

“Yes? It’s being talked about by a few people. It’s not accurate information yet.”

“How is it there?”

The chief of staff, who had been bowing his head, glanced at his eyes.

They were full of greed.

You just have to say what Lee Seok wants to hear.

There’s no need to worry while receiving a lot of money.

The answer he wants.

“If Yoon Jeong-hoon is interested in a company, it seems like it will be profitable.”

Lee Seok frowned.

The chief of staff continued without paying attention to it.

“Rumor has it that they are betting at least 10 billion dollars on the acquisition amount. It’s a lot of money, but it’s definitely possible for our Star Group, which the chairman has raised. It was the world’s number one portal site until recently. If the chairman manages it, he can put it back in the number one spot in the world.”

“Hmm, is that so?”

A smile began to bloom on Lee Seok’s face.

“Yes, the chairman is superior in management. Not just anyone can lead this huge Star Empire.”

“That’s right, not just anyone can do it.”

Lee Seok nodded, intoxicated by meaningless praise.

He felt that his value was finally being properly recognized since his father disappeared.

“Hmm, submit the acquisition report. Along with the expected acquisition price!”

Lee Seok’s voice was full of confidence.

“Yes, Chairman.”

The chief of staff, seeing Lee Seok’s satisfied expression, bowed and went outside.

***

The first meeting was held in the new headquarters of the Shinwha Group.

A dark mahogany desk that looked expensive at a glance was placed very long.

A small stand microphone on it.

It was full of the atmosphere of a huge conglomerate.

Jeong-hoon sat in the chairman’s seat and looked to the left and right.

Executives were sitting on either side.

Dozens of group executives were looking at him sitting in the chairman’s seat.

“Ah, let’s start the meeting.”

A red light came on on the small microphone.

He said dryly with a calm expression.

“Chairman.”

Lee Byeong-seok called Jeong-hoon.

Jeong-hoon put his mouth to the microphone and said.

“We are acquiring Yahoo.”

The executives began to buzz.

Everyone was clearly surprised by the sudden acquisition announcement.

Jeong-hoon still had no change in expression.

“We will acquire Yahoo and bring it back to the number one spot in the world.”

It was an unexpected opinion, but no one could object.

The achievements he had made so far created absolute trust in him.

The buzzing sound disappeared and only silence filled the conference room.

The microphone sound was quietly heard.

“Chairman, how much do you expect the amount to be?”

“15 trillion [Korean won].”

The executives, who had been leaning back leisurely, straightened their backs.

They doubted their ears.

Not 1 trillion, but 15 trillion?

Everyone stared intently at Jeong-hoon’s face.

“That won’t do. Chairman.”

A voice objecting in a strong tone echoed through the conference room.

Cash King’s Genius Grandson, Becoming a Chaebol