The Genius Grandson Of The King Of Private Bonds - Chapter 840
Only Ranovel
#840
These are my conditions
Masayoshi Son’s investment strategy was to make profits through investments in various Internet startups, especially American dot-com companies.
His name rose and fell around the world, and the number of individual investors following his portfolio also increased.
His myth collapsed when the dot-com bubble burst. The stock prices of most Internet companies listed on the U.S. Nasdaq plummeted, and many startups in which Softbank invested went bankrupt. As a result, his portfolio suffered significant losses.
Softbank’s stock price fell 90% from its peak, and not only Softbank shareholders but also the Yakuza, politicians, and Japanese bigwigs who had personally entrusted money to him came to him and put pressure on him.
“Please trust me one more time. It’s not over yet. The bubble of IT companies has collapsed, but that doesn’t mean the possibility has disappeared. Please trust me and wait longer. Then we will bring you huge profits.”
He gathered investors together and protested. But everyone criticized him.
“Because of you! Because of your stubbornness! “All my money is gone!”
Shareholders criticized him, criticized him, and demanded compensation. Son Jeong-ui stood upright and listened to everyone’s opinions. After six hours of criticism, the shareholders’ expressions softened.
At that time, an old woman stood up and spoke.
“We used all of my husband’s retirement money to buy Softbank stocks. “We invested 10 million yen, but when it fell 99% to 100,000 yen, we were devastated.”
Most investors were people like that grandmother who had saved up their savings and invested in SoftBank. After that grandmother, none of the shareholders spoke.
Then an old man raised his hand. When the old man got up, all eyes were on him.
He was the second largest shareholder of Softbank and a wealthy man who personally entrusted money to Masayoshi Son.
“Masayoshi.”
“Yes, old man.”
“Can I get my money back?”
“You can definitely find it.”
The old man nodded and said.
“good. I’ll see if I get my money back or if I fail again. Masayoshi, I will trust you one more time.”
When the old man said that he would trust Son Jeong-ui, other investors seemed to be influenced and agreed. Investors who were angry decided to give Son Masayoshi another chance.
“But it’s your last chance. That’s all I trust. “If all goes as planned, I am willing to invest more.”
“Thank you for your trust. I will definitely repay your trust.”
By the end of the shareholders’ meeting, which lasted over six hours, all shareholders applauded him.
Although he received renewed confidence from shareholders, his future was still dark. What he chose was the high-speed Internet business.
Masayoshi Son declared that he would provide much faster service than NTT, Japan’s largest telecommunications company, at less than half the price.
It was an ambitious start, but NTT, which would rent the line, was uncooperative. Customer awareness of high-speed Internet was low, and the quality of service was not very good.
Money was needed to improve all of this. However, banks ignored him, and his capital increase was not easy. In the end, he handed over Yahoo’s shares to the US headquarters.
“I don’t understand what you’re thinking, Masayoshi. “I’ll stop now.”
CFO Yoshinaka Kitawa, who had worked with Masayoshi Son for a long time, turned his back. He did not understand Son Masayoshi, who was staking his company’s fate on high-speed Internet with an uncertain future, and eventually split off part of Softbank’s headquarters and became independent.
His departure created a lot of backstory, which caused Softbank’s stock price, which had barely begun to recover in the stock market, to fall again.
“Vice President Kazuhito. Please help me.”
In order to somehow resolve the situation, Masayoshi Son visited Kazuhito Kasai, who retired as Vice President of Fuji Bank, and sued him.
Although he was old, he had wide feet in the Japanese financial world.
After recruiting him, Masayoshi Son raised funds and visited relevant government ministries to protest in order to obtain NTT’s cooperation.
Time passed like that. The deficit was piling up. Although he suffered a deficit of 100 billion yen every year, he did not give up.
The reason he was able to survive despite the deficit was thanks to Yahoo Japan’s explosive growth.
In the end, his efforts were on track. Masayoshi Son acquired Japan Telecom and further improved the quality of service.
In just three years of business, the high-speed Internet service turned into a profit.
What caught his attention was the iPhone.
“okay! That’s it! “That’s innovation!”
Masayoshi Son immediately flew to Apple and requested a meeting with Steve Jobs. He refused, but fortunately I had a past relationship with Tim Cook and was able to meet him.
“Give me exclusive rights to iPhone in Asia! “I will do my best for the growth of iPhone!”
“I want to do that too. “My boss says he doesn’t want to do that, so I have no choice.”
“What on earth is the reason? There is someone more qualified than me in Asia! “We can sell iPhones to Japan, Korea, and even China!”
“I can’t tell you why. Just go back now. No matter how much he scolds me, the boss’s decisions are the law at Apple. “I don’t have the power to change that.”
“You mean you can’t do anything?”
“That’s reality.”
Masayoshi Son, who failed to achieve anything from his meeting with Tim Cook, continued to contact Apple thereafter.
“what? Simultaneous release in Korea and the US?”
Then the news that came was even more shocking.
“Not Japan, not Europe, but Korea?”
I didn’t understand Apple’s actions.
At that time, the door opened and the secretary came in.
“What is it, Masao?”
Son Jeong-eui, who was enraged by the shocking facts, got angry at his secretary.
“sorry. “It’s urgent, so I think I need to report it quickly.”
“Urgent? What?”
“It’s about the iPhone.”
“Speak quickly!”
The secretary, who looked nervous, spoke quickly.
“I received a call from Korea. “I want you to come to Korea to negotiate Japanese exclusive rights to the iPhone.”
“What does that mean…”
At that moment, a name passed through Son Jeong-ui’s head.
He pursed his lips and asked his secretary.
“Are you the president Kim Moo-hyuk?”
“Yes, it is. “It is said that President Kim Moo-hyuk holds exclusive rights to the iPhone in three East Asian countries.”
“Is that true? “Have you checked with Apple?”
“I was told I couldn’t say anything.”
“I can’t say anything… “In fact, it’s the same as saying it’s the truth.”
“Honestly, it is not a story that can be trusted to give such enormous power to a Korean investor.”
The secretary expressed a negative opinion. He was one of those typical Japanese people who looked down on Korea.
“No, it’s probably real. Kim Moo-hyuk is fully capable of doing that.”
“but······.”
“Book a flight right away, stop talking nonsense. What you think doesn’t matter now! We must get our hands on the iPhone! “Only then can we survive.”
“······All right.”
The next day, Son Jeong-ui boarded a plane to Korea.
* * *
Son Jeong-ui and I sat facing each other.
“First of all, it is true that I have the exclusive right to sell iPhone in Japan. “This is the document to prove it.”
I pushed a piece of paper in front of Son Jeong-ui.
Son Jeong-ui quickly picked it up and read it.
“······It’s true. That’s why you said you couldn’t give it to me.”
Son Jeong-ui put down the documents with a helpless look on his face.
“It will be difficult to sell directly to Japan.”
I nodded.
“There is a way to acquire a telecommunications company, but… “They are not the ones to hand it over to Koreans.”
“you’re right. Because Japan is a fairly closed country. Especially when it comes to Koreans.”
“The chairman must have experienced that more than anyone else. I know.”
“······So, are you saying you will hand over that authority to me?”
“If the conditions are right. “I think the chairman is more qualified than me.”
“What are the conditions?”
“First of all, these are the conditions that Apple wants from telecommunication companies.”
I threw the document in front of Son Masayoshi.
It was a rude action, but Son Masayoshi picked up the document and began to look at it as if it didn’t matter.
One by one, two by two, Son Jeong-ui’s expression darkened as he went back.
“Isn’t it too much to ask Apple to pay a certain portion of the fee?”
“Those conditions are completely non-negotiable. “The conditions are the same for all American carriers, as well as European and Korean companies.”
“Are you saying you have accepted all of this?”
“That’s right. The iPhone is an amazing device. “Would you like to take a look?”
To help him make his choice, I took out the iPhone prototype Jobs had given me and handed it to him.
When he saw the actual iPhone for the first time, he carefully examined it as if he were a child.
“It’s a prototype, so a lot will change when it’s released. But if it gets better, it gets better, not worse.”
His eyes shined with eagerness as he examined his iPhone.
“This is innovative. “If not Apple, who would release a device like this?”
After looking at his iPhone for a while, he opened his mouth.
“It’s even more amazing to see in person. “This is a device that was years ahead of its time.”
Son Jeong-ui’s vision was also accurate. I would have missed the opportunity by investing in his investment in advance, so I just didn’t have many opportunities to show off my abilities. His vision of the future was real.
“yes. Devices that follow will definitely be released. “But a device that can beat the iPhone won’t be released for decades.”
Son Jeong-ui nodded and handed the iPhone back to me.
Unlike before, his eyes were burning with heat.
“I accept all these conditions.”
“However, as far as I know, there are no mobile carriers among Softbank’s subsidiaries. Even if we take exclusive rights to the iPhone, if there are no mobile carriers, we will only be doing good things to others.”
“that······.”
He hesitated and trailed off. I said, laughing at his hesitation.
“Are you preparing to acquire Vodafone Japan?”
“No… how do you do that?”
“I think it would be me. Chairman Son is not the kind of person who will do good things for others. “He is a greedy person.”
“haha. no. I had a hunch as soon as I saw the iPhone. The future will no longer be computers, but this little iPhone. So I was preparing.”
I nodded and asked.
“It won’t be a small amount of money. In order to acquire and merge Vodafone Japan, wouldn’t it take at least 2 trillion yen? “Can you afford it?”
“We are thinking of several ways.”
I smiled as I saw Son Jeong-eui pretending to be relaxed.
“Don’t do that, just take over with me.”
“yes?”
“I mean, join me in acquiring Vodafone Japan. Is there any reason to give money to someone else? “I will cover half of the acquisition funds.”
“······.”
“These are my conditions. To join me. If you don’t take this, I will have no choice but to choose another partner. Still, I chose Chairman Son because the same Korean blood flows through me, and I don’t mind if it’s someone else. All you have to do is be a Japanese businessman.”
Son Jeong-ui continued to look into my eyes, as if spying on my intentions.
I said with a smile, as if I knew what his worries were.
“I have no greed for management rights. If you are that anxious, create a SPAC to acquire Vodafone Japan and invest in it. “I own 49% of the shares, and Chairman Son’s SoftBank owns 51%.”
The idea was to go safely by establishing a SPAC, a company for the purpose of acquiring a company.
In that case, the entity that ultimately acquired Vodafone Japan, not SoftBank, would be that corporation, and SoftBank, which had a 51% stake in the corporation, would be able to exercise management rights.
“In addition, we will draw up a contract to give Softbank priority when selling our shares. Would you like to accept it?”
Son Masayoshi was not so stupid that he could not recognize such a transaction right in front of him.
No, there was no other option for him as he was already standing on the edge of a cliff.
This was practically coercion. Because it is a condition he has no choice but to accept.
< These are my conditions > End