378 Greater ambition

Xu Zhi replied: "The follow-up may need 3 billion to 4 billion US dollars, but this is only a long-term plan, the specific situation will have to wait for the future, this first batch of 1 billion US dollars, just for investment in the western United States, with California as the center, radiating to the surrounding seven states."

In a few years, I will decide whether to continue to expand, or how fast to expand, based on the development of these malls. ”

Although there is a lot of confidence in the e-retail market, this huge asset-heavy investment is unlikely to be achieved overnight, if it is not for the rapid completion of the market, then using its own funds to develop is the most reasonable business model.

But this process is too slow, such as the original Best Buy, which was mainly self-built in the early days, and only had a total of 150 chain stores in the 90s, until the 21st century, when it adopted a two-way expansion model of self-construction and mergers and acquisitions, it gradually developed into the world's largest electronic supermarket chain.

Heavy asset investment with stable income and slow returns, of course, gives priority to the use of other people's funds to develop, the first billion dollars, is to build electronic chain stores in many key cities in the United States, the first batch of plans is 300, and includes supporting large distribution centers.

"If it's just $1 billion, it shouldn't be a problem, and when I go back and report to the board, there should be a response soon, Eric, you just wait for the good news." Currie smiled and agreed, even if this first batch of $1 billion, it is unlikely to be paid at once, but according to the operation of the chain store in the early stage, it will be slowly disbursed, which is more in line with the interests of both parties, the lender can control the risk, and the lender can also reduce the interest expense.

Xu Zhi smiled and said, "Okay, thank you very much." ”

"You're welcome, Eric, you are a big client of our Goldman Sachs, and it is our honor to serve our customers.

By the way, if your company wants to go public in the United States, I hope Goldman Sachs will become a securities issuer. Currie said with a smile, the issuance of listed securities is also one of the main sources of profits for investment banks, especially some large companies, once listed, as a securities dealer, the profit can be tens of millions of dollars, and the United States company obviously meets this condition, in recent years, the size of the United States company is getting bigger and bigger, Goldman Sachs has hinted several times that it hopes to be able to buy shares or support the listing, but Xu Zhi refused.

"No problem. Xu Zhi casually promised that there was not even a shadow of the listing plan of his company in the future, and it would not hurt to agree first.

"But there's one more thing I need Goldman Sachs to help with. Xu Zhi paused and continued.

"What's the matter?" Currie asked with a smile, although the two claimed to be friends, but in fact, the so-called help must be a business cooperation, Goldman Sachs has been all over the world for many years, and every help can make them a fortune.

Xu Zhi said: "I want to buy a listed company in the United States, but the scale of this company is relatively large, and I am afraid that there will be a lot of trouble." ”

Currie asked, "Which company? As long as it's not a large company involved in national security, we at Goldman Sachs are willing to try it." ”

Assisting large companies in mergers and acquisitions has always been a favorite of investment banks, the amount of the transaction is often hundreds of millions or even billions of dollars, and investment banks can charge too many fees, many times, a large merger and acquisition transaction is completely completed, the middleman can get 10% or more of the transaction value.

"It does not threaten the national security of the United States. Xu Zhi shook his head and said, "What I want to buy is Disney." ”

"What?Disney?" Currie was startled.

Xu Zhi smiled and asked, "What, isn't it okay? Disney shouldn't have affected national security, right?"

"Of course not. Currie shook his head and said: "It's just that Disney used to be the pride of American culture, and if foreign investors buy this company, I'm afraid it will cause a lot of public opinion." ”

"You also said that it was in the past, not now. Xu Zhi shrugged and said.

In the 21st century, Disney is as powerful as ever, not only dominating the former comic field, but also entering Hollywood Park through mergers and acquisitions, becoming the first giant of Hollywood.

But now it's the early '80s, the most declining era in Disney's 100-year history.

The Disney Company was founded by Walt Disney in 1920, and after decades of hard work, in the 50s and 60s, Disney became the most famous animation company in the United States and even the world, and Mickey Mouse became one of the most popular animated characters in the world at that time.

In 1966, Walt Disney died of lung cancer, and the entire Disney kingdom lost its helm, and the successor CEO Roy did not have Walt's genius sensitivity and great passion for business and art, and Disney was like an unhelmed ship for most of the '70s, drifting around in the great waves of the times.

Throughout the 70s, the Disney Company created a total of 4 animated films, and the ratings were worse than the other, and Roy completely deviated from the development direction of the entire company.

The huge success of "Star Wars" and "Jaws" set off a trend of science fiction and horror movies, and Disney inevitably became a follower in order to save the company's performance, and in 1979, Disney invested $20 million to shoot a science fiction movie "Black Hole", which resulted in a measly less than $3 million at the box office.

Another blow is that Disney has been around for 60 years, and audiences in the 80s have long since lost interest in old-fashioned family-themed movies, and traditional Disney anime can't keep up with the new anime launched by other entertainment giants, so Disney has lost a large number of teenage audiences.

According to the original history, it was not until next year that Mike Eisner took office as the new CEO of Disney and carried out a comprehensive reform of the company, which made the entire Disney turn a profit.

Because the two oil crises in the 70s also severely hit the spending power of Americans and overseas tourists, the performance of Disney's core amusement park was naturally greatly affected.

At the same time, the 80s were the least sensitive moment for the entire United States to foreign acquisitions of domestic enterprises, as long as it was not a high-tech manufacturing enterprise involving national security or a media group that could influence public opinion, most of the projects could be approved by the White House.

Therefore, this year is the best time for Xu Zhi to buy Disney, a year earlier, President Carter's many economic stimulus policies have not yet been introduced, and a year later, the new CEO will take office, so it is naturally impossible to agree to sell his company.

If Disney can be acquired, as long as it comes up with a few classic anime movies in later generations, such as "The Lion King", "Pinocchio" and other films, it will be enough to solve the company's financial liability problem, and at the same time invite Mike Eisner to cooperate with the "Transformers" series, then Disney will definitely be able to turn losses into profits again.

After all, Disney's strength is still there, but in the past two decades, it has completely gone in the wrong direction, and as long as it returns to the original path, it can be completely reborn and rise again.

"Mr. Xu, Disney has been in a state of loss for the past ten years, and it has extremely heavy debts, but it has to fully bear this huge debt. Currie reminded.