Chapter 1177: Breakthrough
"Okay, I know, I'll arrange for someone, huh...... Well...... Okay, that's all. ”
Don hung up, his eyes flashing.
I really didn't expect to find a breakthrough to break the Big Five alliance so easily.
At this moment, there was a knock on the door of the study, and a delicate and lovely face came in, with big eyes blinking and shining.
"Lily?" Don couldn't help but smile with some surprise, "Why are you here?"
Lily Collins pushed the door open, ran over with a smile, and sat down next to Donne, "I came to England three days ago! I calculated that Liverpool has a Champions League game, so I ran over early, and you are really here!"
Don didn't believe it, "Did Nat tell you?"
Lily smiled noncommittally, "Taylor asked me to ask you, when are you going back?"
"I'm ......," Donn paused, "it's coming, it's been a few days." What for?"
Lily pursed her lips and said, "I heard that something happened to you, and Taylor said that he would give you advice." ”
Don couldn't help but laugh and said, "You two understand again?"
"Why don't you understand? I've asked my mom and she's told me. Lily said unconvinced.
"Oh, what did your mother say?"
"Mom said that you always eat alone, and you make too much money, which makes people red-eyed, so people deal with you. ”
Don nodded, "Well, almost, that's it. ”
Lily persuaded like a little adult: "Don't do this in the future, you have to teach a lesson." ”
Don looked at her amusedly, "You understand again?"
Lily said: "You always look down on people! Hmph, it's all said in social classes, you have to be angry and make money." ”
"Harmony makes money? Bullshit!" Tang En shook his head again and again, disapproving, "Have you ever read 'The Wealth of Nations'? Have you read 'Capital'? The essence of capitalism is private ownership, and the essence of private ownership is to eat alone. Benefit sharing is called a big pot of rice, which is ghost economics, which has long been proven by practice and eliminated by the times. ”
Lily didn't understand a little, pouted: "But my mother said that your food is ugly, you eat too much, so that others have no food to eat, people will definitely resist." ”
Tang En shook his head and said, "You are still young, you will understand when you have studied economics." Benefit sharing cannot promote the overall development of the industry, and the more brutal the competition, the more productivity can be improved. The more New Universal eats alone, the better it will be for Hollywood as a whole. If you really eat too much, there will naturally be an anti-monopoly law. ”
In fact, in an increasingly globalized society, even antitrust laws cannot prevent some large companies from eating alone.
For example, giants like Google will be investigated by the European Union and the United States almost every three or five times, and each time they will be fined billions of dollars. But fines are OK, and it's impossible to make Google give up the market and give up profits to competitors.
I'd rather fine than profit!
Another example is the ios system that can only be used by Apple mobile phones, which is the biggest guarantee for iPhone to eat alone in the mobile phone industry, seizing nearly 80% of the profits of the global mobile phone market.
New Universal has only grabbed about 55% of Hollywood's profits, which is far from the iPhone.
Only the more companies that eat alone and the companies that are on the verge of monopoly can be favored by the capital market and the higher the stock price.
Lily let out a confused "oh", "Anyway, my mom said, this time you're in trouble, and those people are red-eyed." ”
"Don't worry, I can't make waves, I've already found a way to deal with them!" Tang En waved his hand, and couldn't help but look this young beautiful girl up and down.
I haven't seen her for a while, but she has grown a lot and is a lot more spiritual.
Lily Collins blushed a little, "What are you going to do?"
"What do you say?" Don winked at her.
Lily didn't answer him either, "By the way, how do I see that...... One more person?"
"Oh, you said Blake, Blake Lively, a new girl I knew. How's she, she's pretty, isn't she?"
"Hmm. Lily bowed her head slightly.
"Go and call her, let's ......" Don winned and winked his eyes at her again, and the evil look meant very obviously.
Lily was a little surprised: "Huh?
Tang En said casually: "Call here, it just so happens that you also know each other together." ”
"I ...... I...... Blame the embarrassment. Lily was a little embarrassed.
Tang En said disapprerovingly: "What's so embarrassing about this? They are all sisters at home, so I should assign you a task, go quickly." ”
Lily bit her lip, "Then I'm going to the bedroom, I don't want to be in the study." ”
"Well, okay, let's go!"
Don smiled and pushed her, and felt that this girl was the cutest when she was still obedient.
……
Disney's stock price is now $22.
According to normal financial logic, shareholders need to discount their shares when they actively sell them. When a stock is sold passively, it is sold at a premium.
The Bass family wants to liquidate 135 million shares of Disney stock in one go, and it must not be $22, and it must be discounted.
On this day, Michael Eisner made a phone call to Edward Bass and told him about the final outcome of the board.
"Disney will buy back 50 million shares, and the remaining 85 million shares will be taken over by Goldman Sachs. ”
"What about the price?"
"$18. ”
"How much?"
Edward Bass thought he had misheard.
Michael Eisner was forced to repeat, "$18." ”
"You're crazy!" Edward Bass was incredulous, "how dare you offer such a price? Aren't you afraid of a stock market crash?"
As a listed company, Disney must disclose the liquidation of its major shareholders and the transaction price of both parties.
Once Disney made it public that the transaction price between the two parties was only $18, it means that the Disney board of directors only assessed the stock price at $18!
When the stock market opens, Disney's stock price will inevitably be smashed, falling from $22 to $18 in an instant, which is equivalent to evaporating 18% of the market value in an instant!
The Bass family lost a lot of money by selling the stock at $18, but Disney's loss would be even greater, and it would even cause turmoil in the stock market.
Michael Eisner is confident in himself, "Disney's stock price is supported, and our third quarter performance is good. Over the past six months, Disney's stock has fallen enough to fall. ”
Edward Bass took a deep breath, he didn't know where Eisner's confidence came from, but he couldn't accept the $18 offer.
"The price is too low for me to accept. ”
"This is the highest price approved by the board. Edward, we've known each other for twenty years, and I'd certainly be willing to help you do more if I could. ”
"No, the price is too low. Edward Bass was not satisfied.
Michael Eisner insisted: "I'm sorry, but this is the most reasonable price Disney can offer at the moment, after all, there are Goldman Sachs." With Disney's current cash flow, it can't eat all the stocks. ”
"If you can't solve the problem, I'll have to find someone else. Edward Bass said lightly.
"Huh?"
Michael Eisner was stunned and didn't react.
I'm the chairman of the board and CEO of Disney, who else are you looking for besides me?
Edward Bass said intentionally or unintentionally: "Maybe there are some bold foundations that dare to eat Disney stock at this time." As you said, Disney's stock price is undervalued and has some investment value. ”
Michael Eisner was horrified, "No! Edward, you can't do that!"
The Bass family's shares account for 6.7% of Disney's total share capital, which is a high proportion of voting rights. Wouldn't selling to an unrelated organization interfere with Disney's decision-making?
For example, Carl Icahn, known as the "sniper of Wall Street companies", is notorious.
Some time ago, Passcard was revealed to have divested its online leasing business, why?
The fundamental reason is that the competition is not comparable to Netflix, and this is obvious.
The direct cause comes from this Carl Icahn!
Carl Icahn thought that Pestell's stock price was undervalued, and then kept sweeping the capital market, and bought 3.2% of the shares from the California Pension Fund, directly occupying 5.1% of Pepsi's shares, becoming the third largest shareholder of Pestell, and also had the qualifications to propose a general meeting of shareholders and a board of directors.
Because Carl Icahn is so famous, although he supports a 5.1% stake, he can drive a large number of shareholders to follow, leading more than 30% of the voting rights.
Then, Carl Icahn successfully secured three board seats and began a series of reforms to Pepsi.
If you don't make money, break up, sell it or close it out!
Replace a more well-known professional manager in charge of the main department!
Hit a blockbuster advertisement!
Cut back!
Gray tax avoidance!
Downsizing!
In short, after a series of drastic reforms, Pepsi's profits have skyrocketed in the short term, the market outlook has skyrocketed, and the stock price has ...... And then it skyrocketed!
Then, Carl Icahn successfully withdrew, made a lot of money, and fled.
The only one left is a devastated and unspeakable Pepsi waiting to die.
The previous excellent performances were just a return to the light under a series of divine manipulations by Carl Icahn.
Through the "return to the light", Pestell's stock price rose, Carl Icahn cashed out and left, and Peskind was completely destroyed.
For this kind of Wall Street sniper, let alone Hollywood, businesses all over the world hate it.
How could Michael Eisner allow the Bass family to sell their shares at will?
What if it is sold to someone unreliable?
Edward Bass had no choice, "If the price was right, I would definitely choose Disney." But I think it's a market behavior, and the highest price wins. ”
Michael Eisner was dumbfounded, his voice trembling, "Edward, let's discuss it again, don't worry!"
Edward Bass said: "You are not in a hurry, but my margin financier is in a hurry, I must raise the margin immediately, and I don't have time for tug-of-war negotiations." ”