Chapter 253: A New Media Giant
When Ted Turner heard this, his eyebrows moved, and a gleam flashed in his eyes.
"$8 billion, TBS Turner is yours!" said Ted Turner.
When Henry heard his offer, he couldn't help but laugh out loud: "Mr. Ted Turner, you seem to be a lion opening your mouth, TBS Turner Broadcasting is worth $8 billion? Hehe, you can go to Time Warner and see if they are willing to buy TBS for $8 billion!"
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At this moment, an extremely important board meeting is being held at the ABC building in Times Square, New York, the headquarters of ABC, and the content of the meeting is the acquisition request from Williams Film and Television Media Group!
Cliffor Grantham, chairman of ABC Corporation, announced in a deep voice: "Williams Film & Media Group has proposed to wholly acquire ABC Broadcasting Company for $50 per share, with a total capital of $17.5 billion!"
The major shareholders immediately discussed.
Dozens of minutes later, after a vote, the majority agreed to sell the company!
Most of the shareholders of ABC are investment companies, they invest in ABC just to make money, and now there are people who are willing to buy the company at a high price, so they are naturally willing to sell!
But who wouldn't want to make a little more money? Didn't Disney always want to buy ABC Broadcasting, so let the two of them fight!
As a result, ABC Broadcasting Company held a press conference and deliberately revealed the news, declaring: "ABC Broadcasting Company received an acquisition request from Williams Film and Television Media Group today, and after serious consideration by the board of directors, ABC Broadcasting Company finally made a decision and is willing to accept negotiations with Williams Film and Television Media Group!"
As soon as the news came out, the industry was shocked!
ABC Broadcasting is one of the three major television networks in the United States, and if Williams Film and Television Media Group acquires ABC Broadcasting, it can immediately be promoted to a giant company in the media industry!
Many companies have ambitions for ABC Broadcasting and want to buy it! However, the market value of ABC Broadcasting is too high for more than enough! Among them, Disney's desire to buy ABC Broadcasting is the most intense!
But in the '80s, Disney was tepid, and it wasn't until new EO Michael Eisner led the company to grow rapidly. But even so, it is difficult for Disney to swallow ABC broadcasters in one bite with the accumulated strength.
ABC Broadcasting has always been Disney's largest partner, and Disney has long regarded ABC Broadcasting as its own bag, accumulating strength, and trying every means to acquire ABC Broadcasting!
When Michael Eisner received the news, he immediately roared and cursed in the conference room, and when he stood up in his chair, he accidentally hit the water glass on the table to the ground, and the cup "banged" and made a screeching sound, listing countless tiny pieces.
The entire conference room was suddenly silent and silent!
Michael Eisner has been the dictator of the Disney Company since he took office, with a short temper and absolute authority, and no one dares to resist him!
"In any case, Disney must buy ABC Broadcasting, notify Disney's major shareholders immediately, and convene a board meeting!!"
"Mr. Eisner, it's already 3 o'clock in the afternoon, I'm afraid it's too late?"
"Even if it's 12 o'clock in the evening, you're going to invite them over for a meeting!!" Michael Eisner snarled at a group of men before walking out the door of the conference room!
At 11 o'clock in the evening, Disney's major shareholders arrived, and a board meeting followed. At the meeting, Michael Eisner gave a detailed account of the current situation of Disney, and then repeatedly emphasized that Disney must acquire ABC Broadcasting Company in order to realize Disney's strategic layout, so as to create the most complete and perfect entertainment media industry ecological chain!
Michael Eisner's words convinced all the major shareholders of Disney, and the board of directors unanimously decided to buy ABC Broadcasting!
The next morning, Michael Eisner held a press conference to announce that the Disney Company was preparing to launch an acquisition of ABC Broadcasting!
Coincidentally, a reporter photographed Ted Turner, the founder of TBS Turner Broadcasting, coming out of Galaxy Films, although the news has not yet spread completely, but the next day, Time Warner Group launched a purchase request for TBS Turner Broadcasting!
Ted Turner, as a media mogul and owner of TBS Broadcasting, is certainly not so simple as being a guest at Galaxy Films!
There are all kinds of signs that Henry Williams wants to enter the media industry, Ted Turner suddenly appears at Galaxy Pictures, and the next day Time Warner announces that it is ready to buy TBS Broadcasting, which is more patient!!
According to the New York Daily News, "Williams Film & Media Group wants to buy ABC Broadcasting, and Disney joins the fray! TBS Broadcasting founder Ted Turner appeared at Galaxy Pictures, and Time Warner launched a takeover of TBS Broadcasting the next day." It goes without saying that Henry Williams has a great appetite this time and is ready to buy both ABC Broadcasting and TBS Broadcasting! And he has to face such extremely powerful opponents as Disney and Time Warner!! and it remains to be seen whether Henry Williams can defeat them with one enemy and two enemies!"
The Wall Street Journal: "In terms of financial resources, Disney and Time Warner together are not more than half of Henry Williams, and this acquisition may not be in suspense!"
Los Angeles Times: "Henry Williams' entry into the media industry is unstoppable!"
On the same day, the stock prices of NBC broadcasters and CBS broadcasters fell wildly.
A spokesperson for NBC and CBS claimed: "Once Henry Williams acquires ABC Broadcasting, it will mean disaster for the American television industry!!
Henry saw this. I couldn't help but touch my nose, are they so terrifying?
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Ted Turner did not negotiate with Henry that day, and after leaving Galaxy Pictures, he leaked the news to Time Warner, who had long wanted to take TBS Broadcasting for himself. Therefore, a request for acquisition was made to it.
However, Time Warner is only willing to pay $5.5 billion to buy TBS broadcasters, and this price clearly does not match Ted Turner's ideal price. Ted Turner negotiated with Time Warner for some time, and Time Warner finally decided to raise the purchase price to $6 billion.
For this price, Ted Turner is still not satisfied.
Ted Turner had to talk to Henry again. Now, Ted Turner has read the news and learns that Henry is not just buying TBS Broadcasting, but ABC Broadcasting! At the same time, it was also clear that his own TBS broadcaster might not be the main target of Henry Williams's acquisition, but ABC Broadcaster......
As a result, Ted Turner no longer has the mentality of being a strange commodity and he is willing to lower the price.
After much thought, Ted Turner finally called Henry and said, "Mr. Williams, $7 billion, I'm willing to sell you !!."
Henry is not surprised at all, Time Warner already owns a number of TV stations such as H-Wave, and the desire for TBS broadcasters is not as strong as Disney. Now the market value of TBS Broadcasting is only more than $5 billion, and Time Warner can be regarded as a great determination to be able to sell $6 billion. If he were to raise the price to buy TBS Broadcasting, it would be a bit more than worth the loss.
"Mr. Turner, I'm willing to pay up to $6.5 billion! You should know that if I buy ABC Broadcasting, TBS Broadcasting will be the icing on the cake for me! I can buy it or I may not buy it. Besides, Time Warner's bid is probably much lower than mine!" Henry said with a faint smile.
"This ......," Tedturner hesitated.
Henry smiled: "Mr. Turner, you'd better make a decision early, once I buy ABC Broadcasting, maybe lower the offer to buy TBS Broadcasting!"
When Tedturner heard this, his face suddenly changed!
At this time, Henry said, "Mr. Turner, you continue to think about it, I'll wait for your call!" Henry's voice fell, and before Tedturner could speak, he hung up the phone.
Ted Turnache really felt the impact of the Internet on TBS broadcasters, and with Henry's words, he had made up his mind to get rid of the company as soon as possible!
Ted Turner didn't put the phone down, listening to the busy sound of "doodoo", already lost in thought. He wondered if he should agree to Henry Williams' terms, but for now, he was the highest bidder!
The competition of ABC broadcasters is much fiercer than that of TBS broadcasters, Michael Eisner is bent on buying ABC broadcasters, Disney even does not hesitate to bid $18 billion, and many Disney executives are frequently contacting Citigroup, ******** and many other banks in the United States!
Disney's major shareholders also publicly issued a statement, expressing their willingness to invest in helping Disney win ABC Broadcasting!
That is to say, Henry is not only facing a Disney company, but the major shareholders behind Disney and its strategic partners!
Disney EO Michael Eisner appeared in a high-profile interview on ABC TV and threatened: "Disney's acquisition of ABC Broadcasting is imperative! Citibank, ******** Bank, Bank of America, and Wells Fargo have promised to give Disney loans!"
The major media couldn't help but be shocked, and it seemed that the Disney Company had really made a lot of determination! You know, the loan interest alone has to be close to $1 billion a year, which is a great pressure. If you don't make a billion dollars more money a year than before after acquiring ABC Broadcasting, you will lose a lot!
It's not good to drag the company down because of loans and fall into a financial crisis!
There are many cases where companies go bankrupt due to high debt ratios......
The team sent by Henry to negotiate immediately reacted to Henry's situation. After listening to this, Henry said lightly: "How much they give, we will add 2 billion, meaning!"
Add an extra $2 billion, also "meaning"?
The other end of the phone was stunned and speechless, and it took a long time before he reacted.
"Boss, then I'll requote to ABC Broadcasters now!"
"Well, go ahead!"
For ABC Broadcasting, Henry is also inevitable, as one of the three major television networks, ABC Broadcasting covers the whole United States and has a huge influence. If there is no TV network covering the whole United States, how can it be embarrassed to call it a media giant?
Henry's decision to buy ABC Broadcasters was far more important than using it to make a profit.
In Henry's view, ABC Broadcasting is a powerful propaganda weapon, and Henry can use it to arm himself and attack others! When it comes to making money, the combined profits of the entire American television network are not as profitable as Nintendo's, and Nintendo is nothing in front of Henry!
Soon, the negotiating team entered into a new round of negotiations with ABC broadcasters. After the negotiations, out of the ABC building, a group of reporters flocked to the building, asking, "Excuse me, how much is Henry Williams going to pay for ABC Broadcasting this time?"
"Our boss said, what does it mean to increase $2 billion!" said the head of the negotiation team to reporters very indifferently.
When the reporter heard this, he was a little dumbfounded, Henry Williams's spendthrift was indescribable!!
"What, the other party actually quoted 20 billion US dollars?!! Michael Eisner almost wanted to vomit blood, especially when the other party also said "2 billion US dollars just means", which made Michael Eisner very angry, and couldn't help but think sadly that he had worked hard and borrowed money everywhere, and finally added 500 million to Henry's previous offer of 17.5 billion US dollars, but he never thought that his offer was kicked down by the other party before it was hot, and even directly added 2 billion US dollars to his own offer! $2 billion, do you think it's toilet paper to wipe your buttocks, but you add so much?!!
"Eisner, I think we should give up, Henry Williams's financial resources are not comparable to ours! According to reliable sources, he made a lot of money during the collapse of the Soviet Union......
"yes, he's so rich, we have to give up ......"
"Eisner, give up ABC Broadcasting, we can look for other targets, among the three major television networks, NBC Broadcasting is controlled by General Electric, and we are afraid that we want to buy NBC Broadcasting from it. There is only one remaining target: CBS, CBS!!"
Michael Eisner was silent for a while, and finally sighed, "I can't help it, I can only do this......"
The next day, Disney announced its withdrawal from the acquisition battle for ABC Broadcasting!
Disney's exit means that Henry's acquisition of ABC Broadcasting Company will no longer have any obstacles. In the following week, the two sides quickly signed an acquisition agreement, and Williams Film & Television Media Group completed the acquisition of ABC Broadcasting, as for the acquisition funds, 3 billion US dollars were paid upfront, and the rest will be paid next month!
When Ted Turner heard that Disney announced that he would withdraw from the acquisition, he was in a hurry, and immediately picked up the phone to contact Henry, saying that he was willing to sell TBS broadcasters even if it was $6.5 billion!
Henry smiled, agreed, and signed a contract with him.
After signing the contract, Ted Turner shook his head and said with a complaint: "When you buy ABC Broadcasting, you spend a lot of money, but when it comes to buying TBS Broadcasting, you have to worry about it, and this treatment is too big!"
"Hehe, if TBS Broadcasting can have the same influence as ABC Broadcasting, I am also willing to spend money on it!" Henry laughed.
Ted Turner shook his head and sighed: "Forget it, TBS broadcasters want to develop to that extent, I don't know how many years it will take......"
With that, Ted Turner took his leave.
At this moment, newspapers, television, and the Internet have become a sensation, and the major headlines are full of news about Henry's acquisition of two broadcasters.
"The new American media giant is born Williams Film and Television Media Group!"
"Henry Williams Domineering Leaks, Forced Time Warner and Disney Back, Successfully Acquired ABC Broadcasters and TBS Broadcasters!!"
“……”
There was a lot of buzz all over the world, and Henry didn't have time to look at it, he was busy integrating the two companies!
These two companies, one company belongs to the public station and the other company belongs to the cable station, and they have both, which is just right. ABC Broadcasting has always been a shortcoming in the news, and CNN TV under TBS Broadcasting is one of the most famous news channels in the United States, and even the President of the United States claims that watching CNN news is faster, more accurate and detailed than the country's intelligence structure!
CNN has reporters all over the world and is one of the most journalists in the world!
Another well-known cable TV station under TBS is T~N~T TV, which broadcasts various sports events around the clock and rebroadcasts the repertoire of other TV stations! It can be said that T~N~T is a good sports station!
However, ESPN, a subsidiary of ABC Broadcasting, is the largest and most influential sports television station in the world, and it is obvious that the functions of ESPN and T~N~T overlap.
Therefore, Henry changed the t~n~t TV station, first of all, the name was changed to touch vietv (film and television station), which will broadcast movies, TV movies, TV dramas, etc. around the clock!!
Henry then split the ABC Broadcasting Company into the ABC Television Division and the ABC Radio Division, and all the TV stations under the TBS Broadcasting Company were merged into the ABC Television Division for unified management, and the TBS Broadcasting Company was equivalent to an empty shell.
After the reorganization, the ABC TV Division has about 300 TV channels, mainly ABC TV (public station), ESPN (cable sports station), CNN (cable news station), and VIETV (cable movie and television station), and these stations can also have sub-channels, such as ABC-2, ESPN-2, CNN-2, VIETV-2 and so on.
The ABC Radio Division has 4,600 FM radio stations, covering more than 50 percent of the entire United States, and the number of people covered is as high as 80 percent! If Henry wants Americans to listen to his speeches, at least 10 million Americans can hear them!
Although radio stations have declined with the development of the times, they still have a force to be reckoned with!
After Henry's stake in the acquisition of ABC and TBS broadcasters, Clinton called to congratulate him, and when he spoke, his tone was more cordial, as if Henry and he were on good friends...... Henry knew that Clinton was ingratiating himself again!
"Williams, come to my house for dinner when you have time, I'll let my wife, Hillary, cook for you herself!"
Damn, can Hillary cook? Henry expressed serious doubts!
"Well, I'll go over and try Mrs. Clinton's cooking when I have time!!"
"Haha, good, welcome!!"
Then, Clinton rambled Henry for a long time.
"If I am elected president of the United States, I will definitely vigorously advocate the development of the Internet information superhighway!"
"Now that the U.S. economy is in a recession, if I am elected......"
"If I were ......"
Henry listened to his words, his ears were calloused, and he hurriedly said: "Governor Clinton, I strongly agree with your governing policy, don't worry, the TV station under my name will do its best to help you canvass votes!"
At this time, Henry vaguely heard Clinton's excited and rapid breathing, and then, Clinton stopped bothering Henry and quickly ended the conversation.
(To be continued.) For mobile phone users, please visit http://m.piaotian.net