Chapter 902: Too Much Money
Donn went to see a ballet performance, quietly, unnoticed.
However, the news of his participation in the Tribeca Film Festival spread throughout New York.
The next day, he received as many as a dozen invitations to meet him.
NBC's chairman and CEO Steve Burke wanted to talk to him about movies, Rupert Murdoch, the big boss of News Corporation, wanted to have afternoon tea with him, and more bankers on Wall Street, including Citigroup, Goldman Sachs and other banks, also approached him.
New Global's current debt ratio is too low to meet the listing criteria.
It is rumored that New Global Group will be listed in 2006, and such a grand plan will definitely involve major investment banks.
Provide loans first, then help IPO financing!
Of course, even if the debt ratio is zero, if the company is too big and over time, the government will force the company to go public. Only when it is listed, can it accept the supervision of the public, avoid many black-box operations, and be open and transparent.
The government can also better grasp the specific financial situation of the company, and then summarize the statistics and analyze the country's economic environment comprehensively.
New Globe's current scale is there, but it is not enough time to meet the criteria for a mandatory listing.
The debt is too low, and it does not meet the requirements of the China Securities Regulatory Commission for the asset-liability ratio of the IPO company, otherwise there is a suspicion of making money.
In the coming year, New Globe will inevitably have a large amount of debt, at least $10 billion!
Down was an artist, and he wasn't interested in the capitalists of Wall Street.
And he doesn't know anything about financial operations, so he can't intervene rashly.
Professional things are still handled by professional people.
New Globe Group has set up an "IPO Kick-off Committee", which includes major shareholders and key executives such as Donn, Jobs, Jack Welch, Rudy Giuliani, Barry Diller, Robert Iger, Bill McNick, Dr. Dolby, Brandi Norris, Carol Melton and other major shareholders and key executives.
The listing project has been officially launched.
For such a big matter, Donn's personal will must also be subject to the decision of the committee.
Donn took the time to meet with Murdoch and talk about British television.
At present, News Corp. has a controlling stake in Sky TV, but does not fully own it, mainly because of insufficient funds. As a result, Sky's board of directors is undisciplined, often causing trouble and opposing decisions at the top.
Although Murdoch is Australian, his style of doing things is completely American, as long as he can make money, he can do anything!
For example, Twentieth Century Fox, which is controlled by News Corporation, everything is dominated by the will of News Corporation, and there is little controversy among other shareholders.
Europeans are different, especially the British, who are popular with the aristocracy, who want to make money and be decent.
Murdoch was very irritable.
He doesn't want to work with the British anymore, it's still the American set, it's more commercial and marketable!
It's just that there aren't many opportunities to operate.
Well, now Don shows up!
New Universe Rises!
In particular, Donn and the BBC have deep contradictions, which increases the possibility of cooperation between New Universal and Sky TV Network.
Murdoch thinks the opportunity has come!
If you can pull Donn over and let New Globe buy the remaining shares of Sky TV, it will be the best of both worlds.
Don can make an impact in the British media industry, and Murdoch can easily control Sky TV.
Anyway, New Universal is rich!
In the first three quarters, New Globe's revenue reached $22.3 billion, up 27% year-on-year, and its pre-tax profit also exceeded $4 billion.
It's a lot of money!
In particular, if New Globe wants to go public, it will have to borrow from banks to increase its debt ratio, and the cash flow will be higher.
It is conceivable that in the next year or two, New Global Group will definitely make big moves!
A big move that can cost a lot of money!
Investing in Sky TV is an opportunity.
A 40% stake would be worth between $6 billion and $8 billion at Sky's current size.
Unexpectedly, Don refused in one bite.
His attitude was clear.
Sky TV is a pay-per-cable channel based in the United Kingdom, but has branches throughout almost all of Europe and is gaining market share under the influence of News Corp.
Suffice it to say, the potential is good.
However, Starz TV, a subsidiary of the New Globe Group, is making inroads into the European market with the help of Comcast.
At present, the European headquarters has been established in Germany.
Europe's pursuit of art is much higher than that of the United States, so the receptivity of scale is also greater.
Starz TV is a restricted professional cable television station in the United States and is a niche station. But it's different when you go to Europe, with the influence of excellent American dramas such as "Band of Brothers", "Vice President", "Six Feet Under", and "The Walking Dead", it will inevitably become a popular TV station.
This will lead to some market competition between Starz and Sky in the future.
Once the deal is made, there will be more troubles in the future than the contradictions between the British and Murdoch!
A stake in Sky TV is never possible.
Still, Don felt a headache.
Some of them are confused.
The best time to go public in the best interests of New Global must be before the subprime mortgage crisis.
The subprime mortgage crisis has led to a global monetary contraction.
When the time comes, whoever has money will be the uncle!
At that time, the entire U.S. economy was in decline, the world's stock markets were sluggish, and all companies were experiencing a sharp decline in performance and a cash flow crisis.
Lehman Brothers, the world's largest investment bank, has gone bankrupt.
With the help of the subprime mortgage crisis, you can make a lot of money by shorting those junk bonds in the futures market, but the reputation is too bad. Even if you really make a lot of money, you will definitely be on the blacklist of the Federal Reserve and the US government.
Pay for one's whistle.
More importantly, the United States has a system of the law of the sea and a jury system. The strictness of financial supervision is beyond imagination.
It is not the judges who decide the case, but many other professionals recruited from society, students, doctors, farmers, grocery store owners, and so on.
The law of the sea system has no legal provisions, only cases and the current social environment.
In particular, the complex financial system is even more "freewheeling".
Many of the jurors are uneducated and ignorant of the law, and they often decide cases on the basis of their own lives, thinking: "If their children destroy their neighbors by reselling toys, then they will punish the children severely." ”
In the same way, the capitalists certainly can't do that!
The jury can then arbitrarily reach a verdict – guilty.
So in the United States, if you can be private, you can be private, and if you can, don't go to the court.
The jury is mostly made up of poor people, and the mentality of sympathy for the weak is very obvious, and it is very unfriendly to the powerful.
Rich people would rather be extorted a large sum of money for personal use than go to court.
Moreover, even if you can go through various relationships and do not enter the court, it is not difficult to have a good end.
Soros was so angry that he engaged in the Thai baht, the British pound, and the Hong Kong dollar, but as a result, he was strictly monitored by countries around the world, and the transfer of funds from his quantum fund was strictly supervised and restricted.
Then it led to several financial actions of the Quantum Fund being hit, and a large number of investors withdrew their funds and quickly fell into disarray.
What makes money and makes a bad reputation, Don can't do.
The nature of the subprime mortgage crisis is too serious.
The destructive power is at least a hundred times greater than that of the dot-com bubble crisis!
Besides, Don even has the foresight, and this financial way of making a fortune by reselling junk bonds is really a rookie game, which is too low-level.
He can make a lot of money and become an international friend who is welcomed by all countries in the world.
Wielding the stick of money and "saving" those companies that are in trouble as a savior is a good thing for fame and fortune.
In 2006, New Globe expanded its shares and went public, and when the subprime mortgage crisis came, it took back the shares at a low price, in the name of shareholders' interests......
There are too many benign financial tools that can be used.
The unstoppable News Corporation, starting from the subprime mortgage crisis, has been on a roller coaster, with a rapid decline in performance.
That would be the perfect time for New Globe to buy Twentieth Century Fox from News Corp.!
Done's overall strategic vision for New Globe is very clear.
Only now he has a bit of a headache.
It would be a few years before the twentieth century Fox was attacked.
What about the near future?
You can't just take out a loan on the front foot and deposit all the money back in the bank, right?
There is too much money, and how to spend it is also a problem.
……
After a conversation with Murdoch, Don met with Steve Burke and Salzberg, the big man of the New York Times, and everyone else politely declined.
But there was an invitation, and Don En was eye-catching.
It turned out to be her?
Anna Wintour, the editor-in-chief of Vogue and known as the "Queen of Fashion"!
Don has met her a few times, and she can be seen at every Vanity Fair party after the Oscars, and the fashion ball at the Metropolitan Museum of Art is her handiwork.
Don didn't have much contact with her, and was very interested in making friends.
Fashion is always a woman's favorite.
This is true of both Natalie and Scarlett, and Gal Gadot is even more exaggerated, saying that she wants to run her own fashion brand if she has the opportunity in the future......
I don't know if I was stupid to be a soldier, I didn't have any studies, and I thought about starting a business.
However, the women have all made requests, and Tang En naturally has to be concerned.
This time, Anna Wintour's invitation was accepted without thinking.
It was already the second day that Donn had arrived in New York.
Sharapova flew in from Moscow on a special trip to date Donn.
Tang En didn't see it, and that night, he bought a small gift, took Sava with him, and took a helicopter to a villa on eastern Long Island.
Anna Wintour is the queen of fashion and an icon in almost every woman's heart.
Especially a woman who is famous and has a pursuit of dressing up, she simply regards Anna Wintour as a model.
Sharapova was happy. I want to talk about "Heads-up Hollywood" with more like-minded people, pay attention to "excellent reading literature" on WeChat, talk about life, and find confidants~