Marvel's executives did not hesitate too much, Citibank's collection action was imminent, and there was no time for them to hesitate, and in just two days, Avi Arad personally called Ronan, and Marvel Comics was willing to formally negotiate the acquisition of Relativity Entertainment.

Robert Iger and Robert Lee led a team of more than 20 people to immediately negotiate with Marvel, Marvel has been looking for investors, and its own value has reached the lowest point since 1989, the price offered by Relativity Entertainment is also very sincere, and the negotiations between the two sides are going very smoothly.

Since Relativity Entertainment has been keeping an eye on Marvel, various pre-work has long been in place, and before Ronan leaves New York, Relativity Entertainment reached a preliminary agreement with Marvel Comics.

Marvel Comics' PR efforts against Citibank have not had any effect and cannot be dragged on.

Relativity Entertainment plans to acquire 90 percent of Marvel Comics' shares at a premium of 5 percent, with the remaining 10 percent held by Marvel management led by Avi Arad.

Since the acquisition involves the issuance of shares, Relativity Entertainment also has to operate the Marvel delisting, and the acquisition will last several months.

According to estimates relative to entertainment, the acquisition could involve about $380 million.

And after the completion of the acquisition, it must also be delisted.

The relevant securities laws stipulate that if a listed company has less than 600 shareholders and less than 400 shareholders holding more than 100 shares, it must terminate its listing.

Delisting naturally requires the recovery of issued shares.

The two sides reached a tentative agreement, Scott Swift rushed to New York, and the Pacific Investment Fund provided Marvel Comics with a $40 million loan to repay the Citibank loan.

The remaining $4.8 million comes from various loans, which are not yet due for the time being, and will also be borne by Relativity Entertainment after the completion of the acquisition.

After the completion of the acquisition, Marvel Comics will be reformed into a new pan-entertainment Marvel Entertainment company, officially preparing to shoot Marvel's own superhero movies.

At the same time, the agreement also involves the integration of Relativity Entertainment with Marvel, the complementary use of Marvel Comics and Relativity Entertainment channels, and many other aspects.

In addition to the crucial financial aspect, there are hundreds of various terms of the preliminary agreement sent to Ronan.

With the tentative agreement reached, Robert Iger and Robert Lee also left New York, leaving the rest of the finishing touches to the dedicated acquisition team.

Relativity Entertainment's acquisition of Marvel Comics has been decided!

The acquisition seems to be going well, but in fact everything is ahead of the curve, from Ronan's first time eyeing Marvel Comics, to now reaching a preliminary agreement, four years have passed.

During this period, some people, led by Robert Lee, have been paying attention to the dynamics of Marvel Comics and looking for the most appropriate time.

Even if the capital injection after the completion of the acquisition is calculated, the total cost of Relativity Entertainment is only more than $400 million, which is far below Ronan's psychological expectations.

The comprehensive factors of many aspects, coupled with the contradictions actively provoked by Relativity Entertainment, have effectively depressed the value embodied in Marvel Comics, and finally let Relativity Entertainment take Marvel into its arms at a low price.

After the completion of the acquisition, Ronan, Robert Iger, Robert Lee, George Clint, Mary and the top Marvel with Avi Arad as the core formed the Marvel Entertainment Restructuring Committee to fully promote the development of Marvel Comics to pan-entertainment.

When the restructuring is completed, the preliminary preparations for "Iron Man" will also be officially put on a daily basis.

Avi Arad and the management of Marvel Comics are not familiar with film production, and Ronan cannot keep an eye on a superhero movie project alone, so it is also necessary to find a real superhero movie manager for Marvel Entertainment.

People who have the ability and experience, and have participated in the shooting and production of many successful manga films, naturally became the first choice.

Ronan had already thought of a person and asked him to do a side examination and evaluation before actually approaching it.

After all, we still have to continue to dig the corners of the six major companies.

Hopefully they won't have an opinion on that.

In New York, in a temporary office borrowed by Twentieth Century Fox, Sean Downey put down the phone in surprise.

He had just been informed that Marvel Comics shareholders were transferring their stakes, and that a Hollywood company had stepped in the battle between Twentieth Century Fox, Citibank and Marvel Comics over debt and earnings.

That company is called Relativity Entertainment!

Relativity Entertainment by Ronan Anderson!

Sean Downey thought for a while, dialed Avi Arad's phone, waited for the other party to connect, and said, "Mr. Arad, I'm Sean Downey of Twentieth Century Fox, how are you thinking about it?"

Avi Arad on the other side said directly: "Marvel Comics will not agree to this kind of non-sub-request, so be it, Sean, I still have something to do here, goodbye." ”

Without waiting for Sean Downey to reply, he hung up the phone directly.

Sean Downey frowned, Twentieth Century Fox's signboard, it's so bad?

The phone rang, Citibank called, Sean Downey picked up the phone and said a few words, and his face finally changed.

Citibank informed him that Marvel Comics had repaid the loan!

Putting down the phone, Sean Downey sat in his chair, was silent for more than ten minutes, and then began to make phone calls, calling out one by one, either there was no news feedback, or the feedback was bad news.

But as the end of work approached in the afternoon, more Marvel-related news came together, and Sean Downey was completely sure that the trip to New York was a complete failure.

How did the plan, which was supposed to go well, fail?

Without Citibank's loans, Twentieth Century Fox would not have been able to directly force Marvel Comics.

Relativity Entertainment, also from Hollywood, acquired Marvel Comics, and the current Marvel is not the Marvel it used to be.

If you do anything to Marvel, it is directly against Relativistic Entertainment.

Sean Downey has Twentieth Century Fox to rely on, and he is not afraid of relativity entertainment, but this matter involves two large companies in the circle, and it is not for him to decide.

Thinking about the wording, Sean Downey called the company.

Twentieth Century Fox quickly gave him the latest instructions for Shaun Downey to withdraw to Los Angeles and stop talking about the affairs between Relativity Entertainment and Marvel Comics for the time being.

The next day, Sean Downey received more feedback that Relativity Entertainment's acquisition of Marvel Comics was a foregone conclusion, and that there was no point in staying in New York, so he immediately complied with the company's arrangement and returned to Los Angeles.

The news soon reached London, and James Murdoch, who was already preparing for his future entry into Twentieth Century Fox, was immediately notified.

James Murdoch made several phone calls in quick succession and communicated with Twentieth Century Fox's management that leaned toward him, and Twentieth Century Fox did not let go of Marvel Comics anymore.

Twentieth Century Fox has its own measure of Marvel.

On the one hand, if you continue, what you get from Marvel Comics is no longer comparable to the efforts of Twentieth Century Fox.

On the other hand, it is too difficult to change the acquisition, and the pay is not proportional to the gain.

But this incident attracted enough attention from James Murdoch, and he flew from London to Los Angeles.

"What does Ronan Anderson think?" asked James Murdoch, "suddenly meddling in the affairs of Twentieth Century Fox?"

Jim Prologis has long guessed: "Some of the things we did may have caused a backlash from Relativity Entertainment and Ronan Anderson. ”

James Murdoch thought of talking to Ronan Anderson once, and thought that the conditions he gave were very generous, and even planned to convince his father for this, but Ronan Anderson didn't accept his kindness, even if he wanted to target Twentieth Century Fox?

"What's the benefit of this for Relativity Entertainment?" James Murdoch was puzzled: "Twentieth Century Fox is because of the revenue share of "X-Men", is Relativity Entertainment going to stop us from buying Marvel directly? Is Ronan Anderson having a problem with his head, doing this kind of thing that hurts others and is not beneficial to himself for such a trivial matter?"

Jim Prologis didn't answer, but was thinking carefully, and quickly thought of some rumors in the circle that Relativity Entertainment held the rights to multiple Marvel superheroes.

James Murdoch shook his head: "Ronan Anderson is really incomprehensible, he refused the generous conditions, but spent a huge amount of money to acquire a company like Marvel that is on the verge of bankruptcy, is it because Relativity Entertainment is developing too fast and letting Marvel Comics hold them back?"

Jim Prologis said at this time: "A long time ago, there was news circulating in Hollywood circles that Relativity Entertainment bought the rights to dozens of comic book superhero characters and their related stories from Marvel Comics. ”

James Murdoch just didn't understand the situation, and when he heard this, he paused slightly: "Really?"

"There can be no mistake. Jim Prologis is very sure of this: "But there are no first-line characters among them, and the most well-known ones are the long-outdated Captain America and Iron Man." ”

James Murdoch dragged his chin and thought for a moment and asked, "What is Ronan Anderson best known for in Hollywood?"

Jim Prologis didn't even think about it, and said: "How can you choose a film project...... He instantly realized: "James, are you saying that these comic book characters have a strong film adaptation value?"

James Murdoch nodded slowly: "Other than that, I can't think of any other explanation, and even I think Marvel Comics has greater cinematic value in places we can't see." ”

Jim Prologis still has doubts: "But the role of the relativistic entertainer, there is no first-line superhero. ”

James Murdoch just speculated and couldn't give a more convincing reason, saying only: "Judging by Ronan Anderson's performance, Marvel's value may be above our expectations." Jim, hold on to the copyright. ”

Jim Pross nodded: "That's not a problem. ”