Chapter 813 Hot Selling
After Monday afternoon's discussion, Amy Pascal began to engage with the heads of the old big three networks, which of course were smokescreens, and Simon's real goal was the same.
In the face of Daenerys Entertainment's acquisition intentions, the three major TV networks have given quite positive responses.
Jack Welch, chairman and CEO of General Electric, the parent company of NBC, personally called Simon after Amy contacted him, but Jack Welch said on the phone that GE did not want to give up the media business completely, but wanted to sell about half of its stake to Daenerys Entertainment, which obviously did not meet Simon's requirements.
Larry Tisch, the de facto controller of CBS, also wants to talk to Simon in person, Simon is actually not interested in CBS, the two sides only spoke twice, and Larry Tisch gave an offer in the second call, according to the 50% premium of CBS's current market value, it is completely Simon to be slaughtered as a fat sheep.
Not only that, but the gossip that Daenerys Entertainment was interested in acquiring CBS soon spread in the circle, which led to a significant rise in CBS's stock price. Simon is happy to see this kind of confusing remarks, but his perception of Larry Tisch has been directly reduced to the lowest point.
The ultimate goal is ABC.
At the Melisandre party after the Oscars at the end of March, Simon had a contact with Warren Buffett, the majority shareholder of the Metropolitan ABC Group, and Buffett was not resistant to selling ABC, but the veteran investor was clearly quite torn between the cash and stock trading model, and tried to prescribe a debt-for-equity swap that Simon was completely unacceptable.
In the last month or so, the share price of Metropolis ABC Group has reached a market value of nearly $17 billion, driven by the overall bull market trend of the US stock market. Similarly, due to the good news about the opening of Universal Studios Osaka, the market capitalization of Daenerys Entertainment Group has exceeded $140 billion.
The stock prices of both sides have created their own new highs, and in the eyes of the capital market, they are also somewhat inflated.
With Warren Buffett's cautious investment style and the imminent passage of the recent capital gains tax reform bill, it is increasingly likely that the veteran investor will choose to cash out the Met's ABC in its entirety.
Daenerys Entertainment Group has more than $7 billion in cash reserves, and the current overall debt is only $7.3 billion, relative to the market value, the debt ratio is only 5%, even if the all-cash acquisition of Metropolis ABC Group, additional bond financing, will probably only increase the debt ratio of Daenerys Entertainment to 15%, for most companies, such a debt scale can only be described as cautious, completely within the controllable risk range.
Now, the biggest problem between the two sides is actually to negotiate a reasonable price.
Simon is rich, but he definitely doesn't do anything wrong. Since it is a goodwill acquisition, the premium he can accept is about 30%, if he opens his mouth like Larry Tisch, Simon is even willing to talk more with General Electric, in addition to not being willing to let go completely, Jack Welch's sincerity of cooperation is still very full.
In the busy, the summer file of 1995 officially opened.
On Friday, May 12, the first blockbuster "Red Tide Storm" this summer was released, and the submarine war film produced by Disney and co-produced by Jerry Bruckheimer, Tony Scott, and Denzel Washington cost $53 million and opened 2,383 screens.
Also released at the same time is a biographical adaptation film "Edge Diary" produced by New World Pictures, starring the youthful 'Little Plum' Leonardo DiCaprio and Mark Wahlberg, who is still a little fresh meat at this time, telling a story about a depraved youth who skips class, takes drugs, basketball, and is addicted to drugs.
This low-budget youth film, which cost $7 million to produce, is similar to Gus Van Sant's "Psychedelic Cowherd" a few years ago, with many handsome men and beautiful women and bloody squandering that many rebellious young people like to see, although the critics in the test screening stage did not have a good reputation, New World Pictures still gave 516 opening screens, trying to make a long run in this upcoming summer file.
Speaking of which, after completing the promotion of "Edge Diary", Xiao Lizi has entered the crew of the modern version of "Romeo and Juliet".
This is also a project of New World Pictures.
Australian director Baz Luhmann made his mark in Hollywood three years ago with "Dancing Heroes," and the director, who clearly likes to work slowly, worked hard for the film for three years, and spent some time on stage before finally starting filming his new film.
It was with the success of this modern version of "Romeo and Juliet" that Xiao Lizi gained box office appeal, and then won the role of "Titanic".
This time, Simon doesn't set out to change that.
At the same time as the summer file opened, the two movies "This Man is from Earth" and "Fighting Wisdom 3", which were probably dark horses in the first half of the year, still stuck to North American theaters.
In the past box office week from May 5th to May 11th, "This Man from Earth", which was released in the 11th week, collected another $2.53 million at the box office in a single week, with a cumulative box office of $229.31 million, and the film is expected to be completely down before the release of "Jurassic Park 2" on June 2, with a total box office of about $235 million in North America.
$235 million, slightly lower than the earlier expectation of $250 million, and the reason for this is that "Fighting Wisdom 3" is too strong, which squeezes out the box office potential of about $15 million for "This Man is from Earth".
"Fighting Wisdom 3", which opened on April 7, fell 23% at the box office compared with last week in the fifth week of release, and continued to earn $14.69 million, with a cumulative box office of $143.45 million. There are still 3 weeks to go before the release of "Jurassic Park 2" on June 2, and according to the steady decline of about 20% in "Fighting Wisdom 3" for several weeks, there is still a lot of hope that the film's total domestic box office will exceed $200 million.
Simon: May 12, San Francisco.
With the completion of the ESOP, Igret's IPO is ready to file a prospectus with the SEC, so it doesn't need to be of much concern to Simon.
This time it's mainly for the things of Tinkobair.
The electronic product company founded by Simon with the support of Girl C has taken advantage of the Internet in recent years, and its development momentum can be described as rapid.
Tinkobar shipped 7.16 million digital cameras alone, a 159% increase compared to 1993, and with annual revenue of $2.19 billion and a net profit of $270 million, including portable flash drives such as iDisk.
Before you know it, this new concept technology company, which was inconspicuous at the beginning, has grown into an electronic product giant that should not be underestimated.
After the 1995 launch on April 8, several of Tinkobar's main products were officially launched a week later on April 15, and until May 11, exactly four weeks.
In four weeks, Tinkobar's two main products this year, the mobile hard disk version of the iCam-50 digital camera and the latest digital music player iPlayer-10, have been extremely popular in the market, especially for more and more young people who have been exposed to the Internet, the first iCam and the powerful iPlayer have quickly become the standard.
This can be seen from the recent iCam and iPlayer robberies that have frequently broken out in many cities.
Because of the popularity, many young people who can't afford to buy it choose the extreme way to get the new products of the Tinkobar company, and the robbed iCam and iPlayer are also quite easy to sell on the black market, which further caused the time, and the city of Chicago even caused a murder, a couple used the latest iCam-50 to take pictures on the shore of Lake Michigan when they were robbed by two black youths, the boy was stabbed for resisting, and finally died of excessive blood loss.
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After Monday afternoon's discussion, Amy Pascal began to engage with the heads of the old big three networks, which of course were smokescreens, and Simon's real goal was the same.
In the face of Daenerys Entertainment's acquisition intentions, the three major TV networks have given quite positive responses.
Jack Welch, chairman and CEO of General Electric, the parent company of NBC, personally called Simon after Amy contacted him, but Jack Welch said on the phone that GE did not want to give up the media business completely, but wanted to sell about half of its stake to Daenerys Entertainment, which obviously did not meet Simon's requirements.
Larry Tisch, the de facto controller of CBS, also wants to talk to Simon in person, Simon is actually not interested in CBS, the two sides only spoke twice, and Larry Tisch gave an offer in the second call, according to the 50% premium of CBS's current market value, it is completely Simon to be slaughtered as a fat sheep.
Not only that, but the gossip that Daenerys Entertainment was interested in acquiring CBS soon spread in the circle, which led to a significant rise in CBS's stock price. Simon is happy to see this kind of confusing remarks, but his perception of Larry Tisch has been directly reduced to the lowest point.
The ultimate goal is ABC.
At the Melisandre party after the Oscars at the end of March, Simon had a contact with Warren Buffett, the majority shareholder of the Metropolitan ABC Group, and Buffett was not resistant to selling ABC, but the veteran investor was clearly quite torn between the cash and stock trading model, and tried to prescribe a debt-for-equity swap that Simon was completely unacceptable.
In the last month or so, the share price of Metropolis ABC Group has reached a market value of nearly $17 billion, driven by the overall bull market trend of the US stock market. Similarly, due to the good news about the opening of Universal Studios Osaka, the market capitalization of Daenerys Entertainment Group has exceeded $140 billion.
The stock prices of both sides have created their own new highs, and in the eyes of the capital market, they are also somewhat inflated.
With Warren Buffett's cautious investment style and the imminent passage of the recent capital gains tax reform bill, it is increasingly likely that the veteran investor will choose to cash out the Met's ABC in its entirety.
Daenerys Entertainment Group has more than $7 billion in cash reserves, and the current overall debt is only $7.3 billion, relative to the market value, the debt ratio is only 5%, even if the all-cash acquisition of Metropolis ABC Group, additional bond financing, will probably only increase the debt ratio of Daenerys Entertainment to 15%, for most companies, such a debt scale can only be described as cautious, completely within the controllable risk range.
Now, the biggest problem between the two sides is actually to negotiate a reasonable price.
Simon is rich, but he definitely doesn't do anything wrong. Since it is a goodwill acquisition, the premium he can accept is about 30%, if he opens his mouth like Larry Tisch, Simon is even willing to talk more with General Electric, in addition to not being willing to let go completely, Jack Welch's sincerity of cooperation is still very full.
In the busy, the summer file of 1995 officially opened.
On Friday, May 12, the first blockbuster "Red Tide Storm" this summer was released, and the submarine war film produced by Disney and co-produced by Jerry Bruckheimer, Tony Scott, and Denzel Washington cost $53 million and opened 2,383 screens.
Also released at the same time is a biographical adaptation film "Edge Diary" produced by New World Pictures, starring the youthful 'Little Plum' Leonardo DiCaprio and Mark Wahlberg, who is still a little fresh meat at this time, telling a story about a depraved youth who skips class, takes drugs, basketball, and is addicted to drugs.
This low-budget youth film, which cost $7 million to produce, is similar to Gus Van Sant's "Psychedelic Cowherd" a few years ago, with many handsome men and beautiful women and bloody squandering that many rebellious young people like to see, although the critics in the test screening stage did not have a good reputation, New World Pictures still gave 516 opening screens, trying to make a long run in this upcoming summer file.
Speaking of which, after completing the promotion of "Edge Diary", Xiao Lizi has entered the crew of the modern version of "Romeo and Juliet".
This is also a project of New World Pictures.
Australian director Baz Luhmann made his mark in Hollywood three years ago with "Dancing Heroes," and the director, who clearly likes to work slowly, worked hard for the film for three years, and spent some time on stage before finally starting filming his new film.
It was with the success of this modern version of "Romeo and Juliet" that Xiao Lizi gained box office appeal, and then won the role of "Titanic".
This time, Simon doesn't set out to change that.
At the same time as the summer file opened, the two movies "This Man is from Earth" and "Fighting Wisdom 3", which were probably dark horses in the first half of the year, still stuck to North American theaters.
In the past box office week from May 5th to May 11th, "This Man from Earth", which was released in the 11th week, collected another $2.53 million at the box office in a single week, with a cumulative box office of $229.31 million, and the film is expected to be completely down before the release of "Jurassic Park 2" on June 2, with a total box office of about $235 million in North America.
$235 million, slightly lower than the earlier expectation of $250 million, and the reason for this is that "Fighting Wisdom 3" is too strong, which squeezes out the box office potential of about $15 million for "This Man is from Earth".
"Fighting Wisdom 3", which opened on April 7, fell 23% at the box office compared with last week in the fifth week of release, and continued to earn $14.69 million, with a cumulative box office of $143.45 million. There are still 3 weeks to go before the release of "Jurassic Park 2" on June 2, and according to the flat trend of "Fighting Wisdom 3" around 20% for several consecutive weeks, there is still a lot of hope that the film's total domestic box office will exceed 200 million US dollars.