Chapter 658 I want to cut in line, no way
A few years ago, Cork Corkrian spent $1.3 billion to rebuy MGM Pictures.
However, the movies produced by MGM are worse than the other, and each loses money more than the other, resulting in consecutive deficits.
In the past six or seven years, Cork Cockrian has invested another $1.7 billion in order to make up for MGM's losses and maintain the stability of the stock price.
In other words, MGM Pictures now has no debts.
However, Cork Cockrian's total investment in MGM is $3 billion!
Now, Cork Corkerian has sold MGM to New Universal for $4.3 billion, which equates to a profit of $1.3 billion.
According to U.S. tax law, investment earnings are subject to capital gains tax, for which Cork Corkerian has to pay nearly $200 million in taxes.
So, this old guy in his 80s played a trick.
MGM borrowed $1.3 billion from the bank with assets, and then converted the $1.3 billion into all shareholders in the name of dividends.
And now the new tax law introduced by the George W. Bush administration, if the company is not profitable, it will pay dividends, and the dividend tax can be exempted!
In this way, Cork Corkrian's capital tax was successfully converted into a dividend tax, and then the tax was reasonably avoided.
As a result, MGM Pictures' price is actually $3 billion, which is the same as the investment.
However, New Globe has $1.3 billion in debt.
This equates to a total value of $4.3 billion.
Such an operation is not harmless to New Universal. Anyway, with the current financial situation, the acquisition of MGM will definitely have to borrow, and there is no difference between borrowing first and lending later.
Of course, Cork Corkrian can play the trick of perfect tax avoidance, and the financial staff of New Globe are not dry meals!
Brandi Norris, Chairman of the M&A Committee and Chief Financial Officer of New Globe Group, has launched a secret, high-priority project.
This secret project is mainly to confirm the "net present value" of MGM Pictures.
If MGM's price is much lower than the price paid by New Universal, then this valuation can be used to save huge tax dollars.
New Global's M&A committee, tax department and finance management team, together with MGM's finance department, worked with an external third-party consulting firm specializing in valuation.
According to Towne's latest internal valuation report, MGM Pictures' net present value is $1.62 billion.
The calculation is complex, but the report estimates that New Globe could achieve at least $300 million in tax deductions, which will be directly included in net income.
The specific process is very complicated, and non-professionals can't understand it at all.
Don is only half-understood.
However, who is not happy to be able to avoid taxes?
Executives across the New Globe Group are enthusiastic about potential tax reliefs.
Barry Diller excitedly declared: "This is one of the smartest ideas I've ever heard." ”
Either way, MGM, once Hollywood's most glorious film company, is going to belong to Donne.
……
Hilda Querry continues to give Donn these new actresses in her hands.
Even CAA can't bring out all the newcomers.
At least these dozen or so faces were strangers in the past, except for Jessica Chastain.
Until......
"Huh?"
Don's eyes lit up.
Hilda Querry smiled, "This is Marion Cotillard, Frenchman. She's not a newcomer anymore, she's very famous in France, but for Hollywood, she's a newcomer. ”
To be honest, with big eyes, she is not prettier than those in front of her, and her figure is not outstanding.
But...... She seems to have a Mona Lisa-like charm, the more she looks at it, the more beautiful she becomes, and the more she looks at it, the more she tastes it.
Don took her hand and didn't let go, his eyes looking straight at her.
At this level, there are some things that don't need to be said.
Not to mention a French actress?
The French are more romantic and open-minded.
Entertainment ...... in France Well, if Hollywood still has a fish that slips through the net, and there will be one or two good people, then the French entertainment industry can catch it all.
The directors who shouted about the art of the New Wave, every one of them was a bastard!
Including Luc Besson, a few years ago, when Natalie was young, he always praised him, saying that he had helped her too much when he was filming "This Killer Is Not Too Cold".
But with the growth of experience and knowledge, Natalie has stopped mentioning the French director who once promoted her.
That scandal...... Better than Harvey Weinstein!
It's just that he is very self-aware, and the actresses in the English department usually don't touch, and they are all actors from Eastern Europe, Southern Europe, and Asia.
Marion Cotillard grew up in France and must have seen a lot when he came to Hollywood.
Sure enough, seeing her fiery eyes looking at Don En, she didn't shy away from it at all, a smile on the corner of her mouth, and the boldness of her words made Hilda Querry dumbfounded.
"Do you want to go to the bathroom, I'll give you a mouth./Explosion?"
Don was stunned for a moment, couldn't help laughing, and let go of her hand, "You French, are you all so open?"
Marion Cotillard pulled her hair and asked strangely, "Sir, you have not been exposed to French actresses?"
Don smiled, "I've been in contact with Sophie Marceau, and she's very welcoming...... But not as enthusiastic as you. ”
"Sophie...... She's out of breath, isn't she?" said Marion Cotillard, smirkingly.
Tang Enzheng said: "I can't say that, next year, we will launch the "Mr. and Mrs. Smith 2" project, and when the time comes, she will return to the mainstream career." ”
"Next year...... She's thirty-eight years old. ”
"Oh?"
Don glanced at her faintly.
Marion Cotillard met his gaze and said boldly: "She is old, and she has lost the qualification to have an in-depth relationship with you. ”
"And who's eligible?"
"Can't I?"
Don smiled, "Marion, you can move Allah." I've always been sneaking into others, in front of you, how can I feel like I'm being submerged?"
Marion Cotillard took a step forward and whispered, "It's different, you're a man. ”
Don nodded, "Okay, I'll contact you later." ”
Marion Cotillard looked stunned, "Won't you take me back tonight?"
Don didn't answer, but asked, "By the way, do you know Eva Green?"
Marion Cotillard shook her head.
"Drama in Paris" has not yet been widely released.
Don said no more.
Tonight, it's enough to have Monica Cruz and Jessica Chastain.
As for Marion Cotillard, let's hang her for a while.
If you want to get into my bed, you have to go and queue up slowly, okay?
Want to cut the line?
Bring Eva Green!
……
On September 26, New Global held a press conference to announce that MGM's acquisition was officially completed!
New Globe will acquire all of MGM Pictures' assets for a $3 billion investment and $1.3 billion in debt.
Because MGM Pictures is a listed company, it will complete the delisting and officially complete the acquisition, at least until February next year.
However, the market reaction to the deal was reflected on the day of the press conference.
The most direct is the serious decline in the stock price of Pepsicard!
MGM has a huge video library, and now that MGM belongs to New Universal, how can Pepsi live?
In addition, another company in the hands of Cork Corkrian, MGM Hotel Group...... The stock price also soared 5.6% on the same day!
This news made Don furious!
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