Chapter 1138: Wind and Rain

The default attitude is not connivance?

When Fox and the News Corp people found out that they had eavesdropped on a well-known person, got big news, and not only did they not reprimand, but also took the initiative to erase the whole thing, will he have a next time?

And will the next time the goal go further?

These are obvious, and when translated into ordinary people, it is like a crime.

But understanding this truth does not mean that we should feel guilty about it and give up our own vital interests.

Rupert Murdoch has been in a high position all year round, and this kind of initiative to seek peace and even apologize for compensation may be the first time in nearly 20 years, even if he is old enough and experienced enough, he can't help but turn cold: "I understand what you want? You think too much, your appetite can't support your greed, News Corp will not give up the Twentieth Century Fox ......"

Ronan was not surprised by this, and said: "Rupert, many of the predicaments faced by News Corp can be solved with money, as long as the compensation given is sufficient, the best outcome of the British and American governments is a huge fine." News Corp. and Fox are all strapped for money because of the economic crisis and the failed acquisition of Time Warner, and who wants to support your huge amount of money in this time period?"

Rupert Murdoch said, "Give up, Ronan. I will not accept your conditions. ”

Ronan said calmly: "This is a fair trade, not for News Corp to give Fox to Relativity Entertainment at no cost." Relativity Entertainment will officially ask for Twentieth Century Fox, and if you're interested in talking, we can take a premium buy. ”

"What?" Rupert Murdoch suspects he misheard.

Again, Ronan said: "At a premium of five percent of the market price on that day when we reach an agreement in the future. ”

Rupert Murdoch's face darkened a little: "This is what you call a fair deal? first use heavy means to suppress the stock prices of Fox and News Corp., so that the stock prices shrink by more than 30 percent, and then use this so-called premium acquisition?"

The shameless face of this young man was simply unbearable for him.

Ronan spread his hands and said, "So, News Corp needs to hurry, the sooner it can reach an agreement with Relativity Entertainment, the smaller the loss." What is the situation now, Rupert, you know better than I do. ”

Rupert Murdoch was silent for a moment, because the situation would worsen over time.

But the sale of Twentieth Century Fox ......

"Let's stop here for today. Rupert Murdoch tried his best to control the initiative, and while offering his farewell, he said: "Ronan, my conditions will be valid for this month, you can contact me at any time if you figure it out." ”

Ronan replied calmly: "Rupert, what I said will be valid until the end of the month. Next Month...... Well, it's not necessarily such a good condition. ”

Rupert Murdoch glanced at Ronan and didn't say anything more.

Jessica Felton and Mrs. Murdoch also returned to the reception room at this point, and the two sides shook hands briefly, and Ronan and Jessica Felton saw the Murdoch out of the clubhouse together.

Watching the Murdoch couple walk out of the door of the clubhouse, Jessica Filton asked Ronan with concern, "How was the talk?"

Ronan smiled and said, "It's going well, it's about as expected." ”

Jessica Felton instantly understood: "Rupert Murdoch didn't let go?"

"Nope. Ronan walked towards the reception room and waited until Jessica Felton came up and said, "It's all expected. Rupert Murdoch has been through many storms in his life and will not compromise easily. The situation does not deteriorate to a certain extent, and it is impossible to agree to the purchase of Relativity Entertainment. ”

Jessica Felton nodded lightly: "Hopefully there will be a good result in the end." ”

She can't help in this regard, she can only make Ronan less distracted, at least it won't bring any drag.

"Not to mention News Corp. Ronan asked instead, "How did you talk to that Mrs. Murdoch?"

Jessica Felton suddenly smiled: "Mrs. Murdoch is very funny, not an ordinary person." She thought for a moment and said, "She is very good at finding common topics and is a master communicator, and I am far inferior to her in this regard." ”

Ronan has seen the experience of that former compatriot to some extent, and it is really amazing to be able to climb step by step to his current position.

It's a pity that the one who doesn't know what's going on actually falls in love with Blair.

Rupert Murdoch fell apart with Ronan, but instead of leaving Los Angeles, he took over all the business of Twentieth Century Fox.

James Murdoch, whom he had previously seen as his successor, inevitably began to marginalize due to the lack of any proven performance in this crisis.

But the series of crises caused by wiretapping did not end with Rupert Murdoch's efforts, and even did not show any signs of improvement, but continued to worsen.

On the British side, several MPs have submitted a bill asking the government to force News Corp to sell all media in the UK, and it has even been included in the new House of Commons discussion.

Because too many people are involved, News Corp.'s supporters have plummeted, and if it is really put on the House of Commons for discussion, News Corp is likely to face the worst possible outcome.

The consequences of the planned eavesdropping of Prime Minister Gordon Brown in Britain are extremely serious, and even the Labor Party, which has good relations with News Corp. in the UK, has taken the initiative to distance itself, and it is unlikely that the relationship between the two sides will be fundamentally repaired in the short term.

News Corp's operations are focused on three countries – the United Kingdom, the United States, and Australia.

Similarly, these three countries are major victims of wiretapping.

Australia is the birthplace of the Murdoch family, and although there are occasional news of eavesdropping, the few are negligible.

The main events were concentrated in Britain and the United States.

This month, in addition to continuing to promote the "eavesdropping" related incident, Relativity Entertainment has also completed another job, its Netflix network has carried out a new round of financing, absorbing more foreign funds and investment groups.

Although Netflix is burning money very quickly, in the face of soaring stock prices and soaring market capitalization of $200 billion, too many people and groups are waving huge bills and want to join the bandwagon.

These people, for a certain period of time, will become partners of Relativity Entertainment.

Perhaps this kind of partnership is not solid, and when it comes to its own vital interests, it will not care about relativistic entertainment.

But in some things, it is not too difficult to form a loose alliance to engage in falling stones and beating the water dogs, and if it works well, there are still benefits to be gained.

After this financing expansion, Ronan's stake in Netflix controlled through Relativity Entertainment fell to 60%, but the market value of Netflix quickly crossed $200 billion.

In fact, if you look at the numbers on paper, his net worth has skyrocketed.

Wiretapping is still happening rapidly on the American side, with the FBI convening a press conference and producing hundreds of pages of preliminary investigative reports, all directed at News Corp and the Murdoch family.

The Federal Trade Commission and the Justice Department met back-to-back to discuss whether News Corp. needed to be broken up and whether the Murdoch family needed to sell off the American media......

The authorities in Washington have also exerted tremendous pressure on News Corp., after all, no one wants to have themselves or their families wiretapped.

After the government's initial investigation report, Ronan and Relativity Entertainment filed a lawsuit against the Murdoch family and News Corp., demanding astronomical damages, citing the leak of a top-secret project, among other reasons.

As if blowing the trumpet of the charge, a large number of victims of eavesdropping in Britain and the United States have chosen the same method one after another.

Even some government departments have filed lawsuits against News Corp.

If you count all the amounts claimed, it is not enough for the Murdoch family to sell News Corp.

The impact of this incident was too great, and after collecting relevant evidence, the British side arrested a number of News Corp. executives in the United Kingdom.

The FBI has taken action one after another, and many people in News Corp have been taken away for investigation, which has seriously affected the internal operations of the company.

News Corp., the once-glamorous media company, is in the midst of a storm.

Subsequently, news came out that Relativity Entertainment was in contact with a number of major shareholders of News Corp., and it appeared that they were seeking to buy the News Corp.

There is news from Bank of America that Relativity Entertainment has applied for a huge loan.

In addition, the news that Relativity Entertainment cooperated with overseas capital to establish a new company for acquisition was also confirmed by mainstream financial media.

Relativity Entertainment itself has released a portion of the equity of the Netflix network, and can get loans from U.S. banks at any time, as well as overseas financial support, and the acquisition of News Corp. does not seem to have financial problems at all.

When the new company invested by Relativity Entertainment was about to reach an agreement with the two major shareholders of News Corp., Rupert Murdoch approached Ronan again for a full day of talks.

Relativistic Entertainment has hit News Corp's fundamentals, and with increasing pressure on the part of the government, Rupert Murdoch must make a choice if he doesn't want to lose out in this crisis.

It is time to make a decision whether the entire group of companies will be broken up and forcibly acquired, or whether it will continue to survive in the media industry.

Like the aggressive Walt Disney that once faced him, Rupert Murdoch would not sell Fox easily, but not absolutely unsellable.

In the face of these situations, everything is discussed.

Robert Iger was evacuated from New York and spent the next two days joining Ronan in an interview with Rupert Murdoch.

The Murdoch family does not have an absolute controlling stake in News Corp., and if they don't want to lose News Corp., they have only one choice.

Although Relativity Entertainment has put on a posture, it does not want to fight with News Corp. to kill 1,000 enemies and lose 800 of itself.

The two sides finally reached an agreement to begin formal negotiations on the acquisition of Twentieth Century Fox by Relativity Entertainment.

Such negotiations tend to go on for a long time, more than a year, but News Corp lacks time the most, so both sides move very quickly.