Chapter 205: Investing in Pixar
Google's momentum is very good, and in the overall downturn of the high-tech industry, Google has bucked the trend and has developed into the largest Internet search platform, and has replaced Inktomi search as Yahoo's default search engine.
Under the leadership of Elon Musk, a new development strategy has also been established, and the first step is to acquire Confinity.
Once the acquisition is complete, the new company will become the largest online payment marketplace on the market.
Elon Musk explained to Donn with great interest that if the acquisition goes well, he will change the name of the new company to "PayPal", and the new company may be listed within 3 years!
As for Apple, the largest company in which Donn invests......
Jobs and Donn soon completed their second meeting.
The location is Donn's office.
Don sent off the secretary and poured a cup of coffee for Jobs himself, "It's a little cold, let's drink it." ”
Jobs looked very indifferent, "You know, I didn't come here today for coffee. ”
Don smiled and sat down across from Jobs, "My attitude, the last conversation has been very clear. In Silicon Valley, I can give you the greatest support, and in return, I hope that you will be able to help me in Hollywood. ”
Since it was a transaction, Tang En simply got straight to the point and didn't play the game of going around in circles.
Jobs bowed his head and frowned again, "I like your statement very much, compared to Pixar, Apple is my greatest pursuit and ideal." However, ideals do not equal reality. ”
Don understood that Pixar was his source of funding, and smiled: "This topic was discussed last time, I can wait...... Wait until you feel the right opportunity to sell me Pixar. Of course, I'd better have a guarantee, as if I could sign a contract and give you all the voting rights in Apple. ”
"Oh?"
Jobs was interested in Apple's voting rights.
Donn is Apple's majority shareholder and has extraordinary influence. If Don can fully support Jobs, then his position at Apple will be secured.
"What protection do you want? right of first refusal?"
Don shook his head, "What if I encounter a malicious bid? ”
"What do you think?"
"Take a stake in Pixar!"
Jobs's eyes narrowed slightly, and Donn's answer didn't seem to exceed his expectations, and he muttered: "It seems that you are determined to win Pixar." ”
"Of course, as I said, my core industry is in Hollywood. Also, I'm a filmmaker, and only I can bring Pixar to life. "Don is half-true, half-false, half-foolish.
Jobs took a sip of coffee and said with a smile: "You are too conceited!"
Tang En looked calm and said unashamedly, "As far as the film industry is concerned, I have conceited capital. ”
Jobs groaned slightly and nodded, "Up to 10% of your shares will be transferred, and you can only be an independent director." ”
Tang En breathed a sigh of relief, and a trace of restlessness arose in his heart.
Animation Industry ...... Pixar ......
After some hard work, he finally had the possibility to get involved!
Tang En smiled: "Hello independent directors, it's a good time." I'm an independent director at Google and Hasbro. ”
Jobs said indifferently: "But the release of Pixar's movies still has to be handed over to Disney." ”
"No way!"
Don's face changed and he categorically vetoed.
Jobs glanced at him, "Don't give it to Disney for distribution, but to Don Pictures? Do you have a distribution channel? And this topic, there is no need to discuss it now, Pixar's fourth film "Monster Power Company" has been scheduled, and it will be released in November next year, and all three contracts have been signed. ”
Donn's face was very ugly.
Jobs waved his hand and sighed, "I know that you have a conflict with Disney, and I also have a conflict with Disney! But business has nothing to do with personal relationships, and at the moment, only Disney is in the best interests of Pixar." And, as I said, Pixar and Disney only have 5 film contracts. ”
"What about the 5th movie?"
"The next movie is still in preparation, I guess...... It will take two or three years to make. ”
The corners of Don's eyes jumped, and his face improved slightly.
Two or three years...... Enough for him to function.
Although the schedule of "Monster Power Company" is next year, once the distribution agreement involves the theater party, it will be very complicated, and the liquidated damages are very huge. At this time, it is too late.
But the next movie ...... Don certainly won't miss it.
If memory serves, Pixar's next film is Finding Nemo, which is the highest-grossing animated film of all time, surpassing The Lion King.
In any case, the film can no longer be put into Disney's hands.
"Okay! Then let's make a decision, as long as I have enough distribution capacity and promotion channels, I will directly buy out the distribution contract between Pixar and Disney, and change it to cooperate with Don Pictures, you don't regret it!"
Don En's blazing eyes stared at Jobs.
As if he hadn't heard him, Jobs drank his coffee slowly, and after more than twenty seconds, he said slowly: "This is the next condition, right?"
Tang En was stunned for a moment, then nodded, "That's right, you say, what do you need me to do?"
Previously, Donn's Apple voting rights were handed over to Jobs in exchange for a 10% Pixar stake. This time, it's the next collaboration.
"Hollywood is your pursuit, Silicon Valley is my pursuit. Since I've made such a big compromise to you in Hollywood, I hope you can contribute more to Apple. ”
"Say it, if only I could do it!"
Jobs said: "The impact of the bubble crisis is too great, and it is likely to continue for some time." Apple Computer's market share ...... In short, I haven't found the right solution yet, so the stock price is likely to fluctuate a lot. ”
Don suddenly understood what he meant, "You mean...... Let me help you stabilize the stock price?"
The stable stock price is the root of the shareholders' meeting's continued support for Jobs.
If Apple's stock price plummets, even with Donn's support, Jobs will face the possibility of stepping down.
Donn secretly laughed, this Jobs was too unconfident.
Perhaps he himself could not have imagined what kind of earth-shaking changes he would bring to the world in the next ten years.
Jobs laughed: "I hope Apple's stock price is not lower than $10." Some time ago, you bought quite a few shares in the secondary market and directly raised the stock price to $14. However, once the market enthusiasm has passed, it has now fallen a lot. ”
Don was embarrassed, "Apple is a big company, and I'm afraid I can't do it alone." Although I have made a lot of money in the stock market, I have also invested in a lot of industries during this time, and I don't have much money in my hands. ”
"I'll transfer 15% of Pixar's shares at the current stock price!" Jobs was very bold and immediately put forward better conditions.
Today, 70% of Pixar's shares are in the hands of Steve Jobs, 15% in the hands of Pixar employees, and 15% in the hands of retail investors in the secondary market.
Jobs ceded 15 percent of his stake to Donn, and he still holds a whopping 55 percent, holding absolute control of Pixar. Even if Don and Pixar's high-level executives are behind the scenes, he is not afraid.
Don laughed, stood up, opened his arms, and gave Jobs a big hug.
"Happy working together!"
This sentence, Tang En said from the bottom of his heart, and he was full of joy.
Is it still Jobs's words to buy Apple stock? Donn is still worried that he can't find a suitable reason to buy Apple stock to explain to the board of directors.
The conditions put forward by Jobs are simply to send warmth to Donne!
What's even more exaggerated is that in order to get Don to agree to his conditions, Jobs gave up 5% of Pixar's shares, a total of 15% of the shares, happy!
Now, Pixar's share price is $10.5, with a total of $123 million and a market capitalization of about $1.29 billion.
Don Capital only needs to spend $190 million to get a 15% stake in Pixar and have a head start on privatizing Pixar in the future.
This deal is definitely a great deal for Donne!
"By the way, I see that you don't have a computer in your office, so I'll give you an extra Apple computer. ”
"You don't have monitoring software installed, do you?"
"Huh?"
Jobs was startled by Donn's leapfrog thinking.
It's illegal to install monitoring software.
Don laughed, "It's just a joke, the computer has taken it!"