??????“ I don't know, who is Xu Sheng's business partner?" Although Saides believes in Xu Zhi, business is business, and some situations must be understood clearly.

"Goldman Sachs!" Xu Zhi said with a smile.

"Oh, Goldman Sachs?, then why does Xu Sheng still need to come to our Standard Chartered Bank to borrow?" asked Saides.

Goldman Sachs itself is an investment bank, and according to the laws of the United States, it is not allowed to participate in the commercial behavior of loans, but as one of the largest investment banks in the world, there must be many commercial banks cooperating with it, and Goldman Sachs itself can also use investment opportunities to raise funds indirectly, and it is not the turn of Standard Chartered Bank to get a piece of the pie.

"It's my group's risk control, and I think Sides you should understand. Xu Zhi did not explain directly.

In the business world, diversification is one of the most common ways for many large groups to control risk, putting money into different industries, which can avoid huge losses due to the market environment, which can endanger the survival of the company.

However, there are many ways to avoid risks, such as multi-party choice loans, which is also one of the company's risk avoidance methods.

Xu Zhi's previous actions in the United States were basically loans from American banks, but there were not many funds, even if there was a problem, he could deal with it calmly, until the expansion of Best Buy, the number of loans needed increased rapidly, and now the acquisition of Disney requires more funds, and he does not want all his loans to be controlled by American banks.

"I see. Edus nodded with a smile and said, "Then I don't know how much money Xu Sheng needs?"

"Disney has been losing money in recent years, but it's still quite large, and it is currently worth between $1.8 and $2 billion, and if I want to buy them all, it is estimated that it will take about $2.5 billion. Xu Zhi thought about it and said, if you want to acquire, you will naturally have a premium, $2.5 billion, and if it can be successful, it will be worth it.

"$2.5 billion. Edus then asked, "Are you going to buy all of Disney's shares?"

"That's good!" Xu Zhi nodded.

"Xu Sheng, we have been friends for many years, I know that Chinese people like to wholly own their own companies, but this is completely unnecessary in the West, if you want to guarantee a controlling stake, 51% is enough. "And in a big company like Disney, the average person or institution can already control the board of directors if it owns 20 percent," Cydes explained. ”

"I understand that, but I have my own ideas. Xu Zhi shook his head with a smile and said.

Sides is right, in the West, unless it is a company that has just been established for a short time, or the company has just been acquired by a wealthy person or other company, otherwise, under normal circumstances, the equity will rarely be concentrated in the hands of a certain person, and as time goes by, the equity is gradually dispersed, and some companies even lose their major shareholders.

This is also the reason why the management of many large enterprises in the West can reverse control the board of directors, because there are no major shareholders at all, and occasionally, there will be some large pension and trade union funds that control large shares, but under normal circumstances, these large funds only focus on the rate of return and do not care about the management rights.

Therefore, in Western countries, many companies do not have a strong majority shareholder, a small number of shares is enough to control the board of directors, such as the world-famous Ford Motor, whose current chairman is Henry Ford II, who only holds 10% of the shares of Ford, but controls the entire Ford, and is known as the tyrant of the American auto industry.

If it's just a normal acquisition, it would be enough to buy enough shares, and in Disney's current situation, maybe $1 billion would be enough, so that the financial pressure would be much less. But Xu Zhi is unwilling, not that he is unwilling to go public, but after he is ready to become the owner of Disney, he will give Disney some very promising ideas and animated film scripts, which can help Disney get out of the loss situation, if only part of the shares are acquired, it is directly cheaper for this group of people.

Whether or not it needs to be re-listed in the future, or when it will be listed, will naturally come to fruition when the time comes.

"Okay, I don't ask about your business decisions, as long as the risk is controllable, we at Standard Chartered Bank are willing to be the best partner for you on the way forward. Said with a smile.

Xu Zhi nodded and said: "Okay, as long as this acquisition is successful, in the future, I will choose Standard Chartered Bank for more international mergers and acquisitions." ”

Edus nodded: "Okay, I will do my best to promote this cooperation agreement at the UK headquarters." ”

Xu Zhi stood up and said politely: "Thank you very much, I'm waiting for your good news." ”

......

After leaving Standard Chartered Bank, Xu Zhi returned to Midea's headquarters, found He Guoyuan, and informed him of the cooperation with Said.

This is also the first time that He Guoyuan knows that his boss is about to buy the world's most famous Disney company, although after the acquisition, Disney has nothing to do with the United States, but he is still excited.

Xu Zhi said: "The funds for the loan this time will be secured by Midea, and during this time, you need to negotiate with Standard Chartered in all aspects, and this matter must be settled in the shortest possible time." ”

"No problem, rest assured, chairman, I will definitely complete this matter successfully. He Guoyuan smiled with a package ticket.

Xu Zhi nodded and said: "Okay, you prepare the funds here, and I will solve the rest, I will go to the United States in a few days, and some shareholders and management of Disney on Goldman Sachs have also negotiated with us, it's time for us to go out." ”

The acquisition of European and American enterprises is not only to obtain enough shares, but more importantly, to communicate with the management and labor union in advance, including the acquisition of funds, the future development direction of the company, the arrangement of management personnel, whether to lay off employees and other issues, after the negotiation everyone agreed, the follow-up operation is much simpler.

The above is a bona fide takeover, and the other is a hostile takeover, which does not require the consent of the management, but when this happens, it is very easy to cause great resistance and cause a significant increase in the cost of the acquisition.

At the same time, this kind of behavior will arouse the disgust of the government department, if it is all domestic enterprises tossing, the government may turn a blind eye, but when foreign capital plays this game, the acquisition behavior is very easy to be vetoed by the Ministry of Commerce.

Xu Zhi's acquisition of Disney naturally hopes that everyone will trade peacefully, otherwise, it would be impossible for him, a Chinese, to acquire an American cultural enterprise like Disney.

He Guoyuan hesitated, and then said: "Chairman, the matter of funds may not be a problem, but I am more worried about the impact of this matter in Xiangjiang. ”

Xu Zhi shook his head and said, "Don't worry, I have a plan, you don't have to worry about this factor!"