As the leader of the acquisition of Fuji TV, Masayoshi Son's status in the past two days can only be described as being overwhelmed. The phone calls from all sides almost knocked out his phone. Not only that, his relatives were also harassed.
Now, he has become a traitor in the eyes of almost all Japanese people, a traitor who betrayed Japan for the benefit of foreign capital
Strong pressure sometimes tortures people to collapse, and of course, sometimes it will give people motivation and courage, which will make him move forward on a seemingly despairing road without hitting the wall or looking back.
Just today, Masayoshi Son received two very important news, one of which was the news that the Japanese broadcaster was preparing to issue new shares to Fuji TV station, and the other was that the State Taxation Department had issued an order to the Tokyo Local Taxation Department, requiring the Criminal Investigation Department of the Tokyo Local Taxation Department to launch a tax evasion investigation into Yahoo Japan.
The first news was expected for Masayoshi Son, because in his estimate, in the face of a strong acquisition from Yahoo Japan, there is no more feasible solution for Japanese broadcasters or Fuji TV. The poison pill plan is one of the few counterattacks they can use.
In Masayoshi Son's view, given the difference between Japanese commercial law and American commercial law, the poison pill plan is an illegal operation. Once the other party adopts this method, he can resort to judicial procedures and force the other party to give up the plan
As long as the Japanese broadcaster loses the case in court, Yahoo Japan will make a profit and reverse public opinion to a certain extent
But Masayoshi Son did not consider the content involved in the second news. To be honest, he did not expect that an acquisition would cause such a big disturbance.
In the news received by Masayoshi Son, the initial target of the State Taxation Department was to investigate, in addition to Yahoo Japan, also its foundation, namely SoftBank Group. However, when the State Taxation Department promoted this investigation, it was opposed by it. A senior official from the Secretariat of the State Taxation Department Integrity Commissioner Secretariat even proposed that if the State Taxation Department investigated SoftBank Group without any evidence of tax evasion, they would conduct an integrity inspection of the investigation, because they suspected that behind this investigation, there was some kind of ulterior monetary transaction that was ulterior monetary transaction, which was a means of unfair competition.
Finally, after some bargaining, the State Taxation Agency had to remove SoftBank Group from the survey list, and at the same time, it included Fuji TV and Japan Broadcasting Corporation in the survey form.
Masayoshi Son is very clear about why such an accident occurred. The reason is very simple. The largest shareholder of SoftBank Group is not him, but the guy who has disappeared for three days on the phone.
This guy is hiding in the shadow of Japanese society, and the tentacles affect the positions of many people. Not to mention that the State Taxation Department has not obtained any evidence of SoftBank Group's tax evasion, even if they have the evidence, they probably wouldn't dare to provoke this guy easily
But unlike SoftBank Group, although Yahoo Japan is a subsidiary directly controlled by SoftBank, based on the attitude of the guy on the phone, it is difficult to get enough protection for this acquisition. Therefore, it is not surprising that someone dares to target Yahoo Japan.
Now, the State Taxation Agency has included Yahoo Japan, Japan Broadcasting Corporation and Fuji TV in the survey list at the same time. This seems fair to do. After all, in recent times, the three companies have mobilized a lot of funds.
But the problem is that at this sensitive time, the intervention of the State Taxation Department will inevitably interfere with the acquisition, which is very unfavorable to Yahoo Japan. For the latter two, it is just a buffer period.
It is precisely because of this that Masayoshi Son was very troubled. Although he did not show it, he still regretted it from the bottom of his heart. If he had known this, he would never have launched such an acquisition rashly.
On the phone, Masayoshi Son recounted the troubles of the recent period to Miyashita Kita and made it clear that he needs help now.
But unfortunately, Miyashita Kita did not make a clear statement on the phone. He just said vaguely that he might return to Japan in the past few days. If there is any trouble, he will find a way.
After hanging up the phone, Masayoshi Son stood in front of the coffee table for a moment and suddenly raised his leg and kicked the coffee table with a sudden kick, kicking the entire glass coffee table apart.
Now Masayoshi Son is very clear about the situation he is facing. To put it bluntly, he is just a little bit difficult. He must succeed in this acquisition no matter what. Otherwise, according to the previous betting agreement, he will be kicked out of the decision-making level of SoftBank Group.
In fact, he understood more clearly that Kitaki Miyashita had lost patience with him. Even if the acquisition was successful, the other party would probably no longer support him.
Unwilling to accept it? That's certain, but the problem is that this world is so realistic. The jungle law of the strong prey on the weak is also applicable to human society, and it is even more cruel than in the jungle.
If, of course, just if
If he had the chance to choose again, Masayoshi Son would never have chosen to cooperate with Kita Kita. He would not be anxious to achieve success and would lead the wolf into the house for this. Instead, he would rather calm down and spend more effort and time. In that case, even if he would not be as successful as today, at least everything he had in his hands belonged to him.
And now?
Once he was kicked out of SoftBank's decision-making level, although he could still retain his own equity and become a worthy rich man, his former ideals may never have a chance to be realized.
Perhaps, after Miyashita returns to Japan, I need to have a good talk with him.
………………………
The incident in which Yahoo Japan and overseas investment institutions launched an acquisition of Japanese broadcasters continued to ferment in the entire Japanese society. After several days of silence, the Japanese broadcaster, which had lost a large piece of its position, finally took the first counterattack measure.
Just as the second weekend of April entered, Japan Broadcasting Corporation announced to the media that after the decision of the group's board of directors, the company will issue new shares to Fuji TV, with an additional number of shares of 50 million.
Once this news was announced, it caused another uproar across Japan.
Previously, based on various factors, the Japanese broadcaster that was viciously acquired was a party of public opinion sympathy, while Yahoo Japan and Masayoshi Son were regarded as bullies who were robbed by tricks.
But now, with the announcement of this news, some media have begun to criticize Japanese broadcasters. After all, this sudden announcement of additional issuance will cause huge losses to shareholders who hold the company's shares.
Affected by this, the Tokyo Stock Exchange opened on Monday, and the share price of Japan Broadcasting Corporation plummeted. In just one day, the company's stock price fell by more than six points, which shows that investors are no longer optimistic about the prospects of Japan Broadcasting Corporation, and also shows that investors suspect that Yahoo Japan may cancel the acquisition.
The news of the additional issuance of Japanese broadcasters' shares was revealed to the public over the weekend that Yahoo Japan did not comment on it in the following three days, and it was not until Tuesday night that Masayoshi Son held a press conference.
At this press conference, Masayoshi Son announced two aspects to the media. First, it was Yahoo Japan's acquisition of Japanese broadcasting companies. According to him, this acquisition was not a purely malicious acquisition, because the real purpose of Yahoo Japan's acquisition of Japanese broadcasting companies was not to embezzle their assets, but to achieve the purpose of holding Fuji TV station and to improve Yahoo Japan's operating layout
Taking advantage of this opportunity, Masayoshi Son announced his business philosophy for the first time, which is to build a new media empire that combines the Internet and traditional media with Yahoo Japan and Fuji TV as the core.
Therefore, he believes that Yahoo Japan's acquisition of Japan Broadcasting Corporation is beneficial to both and to the interests of shareholders of both parties. Based on this, Japan Broadcasting Corporation should not be so hostile to this acquisition, nor should it harm the interests of Japanese Broadcasting Corporation shareholders in the form of additional issuance of new shares to harm the interests of Japanese Broadcasting Corporation shareholders in the form of additional shares.
The second item announced by Masayoshi Son was targeting the additional issuance of Japanese broadcasters. He believed that Yahoo Japan has now become the actual largest shareholder of Japanese broadcasters. In the case of changes in the company's equity, Japan broadcasters have no right to issue new shares without authorization before the establishment of a new board of directors. This behavior has violated Japan's Commercial Law.
In order to protect the interests of shareholders, Yahoo Japan will file a lawsuit with the Tokyo court the next day, and use legal means to demand that Japan Broadcasting Corporation stop such acts that infringe on the interests of the company's shareholders' interests.
Just the day after Masayoshi Son announced to the media that he was preparing to sue the Japanese broadcaster in court, Mihoda, the chief of the Tokyo Supreme Court, told the media that the Supreme Court had received a lawsuit filed by Yahoo's Japanese Ministry of Justice.
As the chief justice of the Supreme Court, Mihoda made it clear that he disagrees with Yahoo Japan's introduction of overseas capital and violent acquisition of Japanese broadcasters because this behavior undermines the inherent moral concept of Japanese society and promotes a decadent idea of money supremacy
But at the same time, he also said that morality is morality, and the legal system is legal system. Japan is a country with sound legal system. It is not advisable to use public opinion and moral concepts to kidnap judicial acts. Therefore, he reminded the Tokyo District Court that in the process of trial of this case, it is necessary to abandon the wrong practice of bringing emotional factors into the trial of the case, strictly abide by the law, and make a final judgment fairly and justly
Subsequently, mainstream media such as Yomiuri Shimbun claimed in the next day that several important officials from the government had negotiated with Mihoda about the specific issues of the case, indicating that the court should put more pressure on Yahoo Japan, which was unruly, but was rejected by Mihoda on the grounds of judicial independence.
From this we can judge that this lawsuit may be unfavorable to Japan's broadcaster.
Now, he has become a traitor in the eyes of almost all Japanese people, a traitor who betrayed Japan for the benefit of foreign capital
Strong pressure sometimes tortures people to collapse, and of course, sometimes it will give people motivation and courage, which will make him move forward on a seemingly despairing road without hitting the wall or looking back.
Just today, Masayoshi Son received two very important news, one of which was the news that the Japanese broadcaster was preparing to issue new shares to Fuji TV station, and the other was that the State Taxation Department had issued an order to the Tokyo Local Taxation Department, requiring the Criminal Investigation Department of the Tokyo Local Taxation Department to launch a tax evasion investigation into Yahoo Japan.
The first news was expected for Masayoshi Son, because in his estimate, in the face of a strong acquisition from Yahoo Japan, there is no more feasible solution for Japanese broadcasters or Fuji TV. The poison pill plan is one of the few counterattacks they can use.
In Masayoshi Son's view, given the difference between Japanese commercial law and American commercial law, the poison pill plan is an illegal operation. Once the other party adopts this method, he can resort to judicial procedures and force the other party to give up the plan
As long as the Japanese broadcaster loses the case in court, Yahoo Japan will make a profit and reverse public opinion to a certain extent
But Masayoshi Son did not consider the content involved in the second news. To be honest, he did not expect that an acquisition would cause such a big disturbance.
In the news received by Masayoshi Son, the initial target of the State Taxation Department was to investigate, in addition to Yahoo Japan, also its foundation, namely SoftBank Group. However, when the State Taxation Department promoted this investigation, it was opposed by it. A senior official from the Secretariat of the State Taxation Department Integrity Commissioner Secretariat even proposed that if the State Taxation Department investigated SoftBank Group without any evidence of tax evasion, they would conduct an integrity inspection of the investigation, because they suspected that behind this investigation, there was some kind of ulterior monetary transaction that was ulterior monetary transaction, which was a means of unfair competition.
Finally, after some bargaining, the State Taxation Agency had to remove SoftBank Group from the survey list, and at the same time, it included Fuji TV and Japan Broadcasting Corporation in the survey form.
Masayoshi Son is very clear about why such an accident occurred. The reason is very simple. The largest shareholder of SoftBank Group is not him, but the guy who has disappeared for three days on the phone.
This guy is hiding in the shadow of Japanese society, and the tentacles affect the positions of many people. Not to mention that the State Taxation Department has not obtained any evidence of SoftBank Group's tax evasion, even if they have the evidence, they probably wouldn't dare to provoke this guy easily
But unlike SoftBank Group, although Yahoo Japan is a subsidiary directly controlled by SoftBank, based on the attitude of the guy on the phone, it is difficult to get enough protection for this acquisition. Therefore, it is not surprising that someone dares to target Yahoo Japan.
Now, the State Taxation Agency has included Yahoo Japan, Japan Broadcasting Corporation and Fuji TV in the survey list at the same time. This seems fair to do. After all, in recent times, the three companies have mobilized a lot of funds.
But the problem is that at this sensitive time, the intervention of the State Taxation Department will inevitably interfere with the acquisition, which is very unfavorable to Yahoo Japan. For the latter two, it is just a buffer period.
It is precisely because of this that Masayoshi Son was very troubled. Although he did not show it, he still regretted it from the bottom of his heart. If he had known this, he would never have launched such an acquisition rashly.
On the phone, Masayoshi Son recounted the troubles of the recent period to Miyashita Kita and made it clear that he needs help now.
But unfortunately, Miyashita Kita did not make a clear statement on the phone. He just said vaguely that he might return to Japan in the past few days. If there is any trouble, he will find a way.
After hanging up the phone, Masayoshi Son stood in front of the coffee table for a moment and suddenly raised his leg and kicked the coffee table with a sudden kick, kicking the entire glass coffee table apart.
Now Masayoshi Son is very clear about the situation he is facing. To put it bluntly, he is just a little bit difficult. He must succeed in this acquisition no matter what. Otherwise, according to the previous betting agreement, he will be kicked out of the decision-making level of SoftBank Group.
In fact, he understood more clearly that Kitaki Miyashita had lost patience with him. Even if the acquisition was successful, the other party would probably no longer support him.
Unwilling to accept it? That's certain, but the problem is that this world is so realistic. The jungle law of the strong prey on the weak is also applicable to human society, and it is even more cruel than in the jungle.
If, of course, just if
If he had the chance to choose again, Masayoshi Son would never have chosen to cooperate with Kita Kita. He would not be anxious to achieve success and would lead the wolf into the house for this. Instead, he would rather calm down and spend more effort and time. In that case, even if he would not be as successful as today, at least everything he had in his hands belonged to him.
And now?
Once he was kicked out of SoftBank's decision-making level, although he could still retain his own equity and become a worthy rich man, his former ideals may never have a chance to be realized.
Perhaps, after Miyashita returns to Japan, I need to have a good talk with him.
………………………
The incident in which Yahoo Japan and overseas investment institutions launched an acquisition of Japanese broadcasters continued to ferment in the entire Japanese society. After several days of silence, the Japanese broadcaster, which had lost a large piece of its position, finally took the first counterattack measure.
Just as the second weekend of April entered, Japan Broadcasting Corporation announced to the media that after the decision of the group's board of directors, the company will issue new shares to Fuji TV, with an additional number of shares of 50 million.
Once this news was announced, it caused another uproar across Japan.
Previously, based on various factors, the Japanese broadcaster that was viciously acquired was a party of public opinion sympathy, while Yahoo Japan and Masayoshi Son were regarded as bullies who were robbed by tricks.
But now, with the announcement of this news, some media have begun to criticize Japanese broadcasters. After all, this sudden announcement of additional issuance will cause huge losses to shareholders who hold the company's shares.
Affected by this, the Tokyo Stock Exchange opened on Monday, and the share price of Japan Broadcasting Corporation plummeted. In just one day, the company's stock price fell by more than six points, which shows that investors are no longer optimistic about the prospects of Japan Broadcasting Corporation, and also shows that investors suspect that Yahoo Japan may cancel the acquisition.
The news of the additional issuance of Japanese broadcasters' shares was revealed to the public over the weekend that Yahoo Japan did not comment on it in the following three days, and it was not until Tuesday night that Masayoshi Son held a press conference.
At this press conference, Masayoshi Son announced two aspects to the media. First, it was Yahoo Japan's acquisition of Japanese broadcasting companies. According to him, this acquisition was not a purely malicious acquisition, because the real purpose of Yahoo Japan's acquisition of Japanese broadcasting companies was not to embezzle their assets, but to achieve the purpose of holding Fuji TV station and to improve Yahoo Japan's operating layout
Taking advantage of this opportunity, Masayoshi Son announced his business philosophy for the first time, which is to build a new media empire that combines the Internet and traditional media with Yahoo Japan and Fuji TV as the core.
Therefore, he believes that Yahoo Japan's acquisition of Japan Broadcasting Corporation is beneficial to both and to the interests of shareholders of both parties. Based on this, Japan Broadcasting Corporation should not be so hostile to this acquisition, nor should it harm the interests of Japanese Broadcasting Corporation shareholders in the form of additional issuance of new shares to harm the interests of Japanese Broadcasting Corporation shareholders in the form of additional shares.
The second item announced by Masayoshi Son was targeting the additional issuance of Japanese broadcasters. He believed that Yahoo Japan has now become the actual largest shareholder of Japanese broadcasters. In the case of changes in the company's equity, Japan broadcasters have no right to issue new shares without authorization before the establishment of a new board of directors. This behavior has violated Japan's Commercial Law.
In order to protect the interests of shareholders, Yahoo Japan will file a lawsuit with the Tokyo court the next day, and use legal means to demand that Japan Broadcasting Corporation stop such acts that infringe on the interests of the company's shareholders' interests.
Just the day after Masayoshi Son announced to the media that he was preparing to sue the Japanese broadcaster in court, Mihoda, the chief of the Tokyo Supreme Court, told the media that the Supreme Court had received a lawsuit filed by Yahoo's Japanese Ministry of Justice.
As the chief justice of the Supreme Court, Mihoda made it clear that he disagrees with Yahoo Japan's introduction of overseas capital and violent acquisition of Japanese broadcasters because this behavior undermines the inherent moral concept of Japanese society and promotes a decadent idea of money supremacy
But at the same time, he also said that morality is morality, and the legal system is legal system. Japan is a country with sound legal system. It is not advisable to use public opinion and moral concepts to kidnap judicial acts. Therefore, he reminded the Tokyo District Court that in the process of trial of this case, it is necessary to abandon the wrong practice of bringing emotional factors into the trial of the case, strictly abide by the law, and make a final judgment fairly and justly
Subsequently, mainstream media such as Yomiuri Shimbun claimed in the next day that several important officials from the government had negotiated with Mihoda about the specific issues of the case, indicating that the court should put more pressure on Yahoo Japan, which was unruly, but was rejected by Mihoda on the grounds of judicial independence.
From this we can judge that this lawsuit may be unfavorable to Japan's broadcaster.
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