Chapter 208: The Biggest Acquisition of the Century
YG-Entertainment is Korea's most representative entertainment company focusing on R&B and hiphop music. Before the establishment of YG-Entertainment, hip-hop music was not very popular in Korea, and it was precisely because of the relationship of the president Yang Hyun-seok (Yang Hyun-suk) that the hip-hop music culture quickly spread into Korea.
This company has produced many well-known singers and actors such as BIGBANG, 2NE1, WINNER, iKON, Goo Hye-sun, and Yoo In-na, and has also added some singers who have been debuting for a few years such as PSY, Tablo, EpikHigh, and winners from KpopStar, such as Lee Ha-yi, Letong Musician, Lee Seung-hoon, etc...... And, of course, these are the trajectories of its previous life.
YG has released a number of artists and groups, such as Keep-Six, Jinusean, and 1TYM, as well as girl group Swi.T, solo singer Wheesung, etc., and last year, they released groups and solo artists such as BigMama, Gummy, SE7EN, Masta-Wu, and Lexy.
President Yang is also ambitious and has pushed the company to the top position in the Korean industry, but the emergence of Skyrim Entertainment and its strong development have put his YG, DSP, s.m and other industry leaders under tremendous pressure and even a sense of powerlessness. These are already well-known entertainment companies in South Korea, but they are not at the same level as Skyline Entertainment in terms of scale and resources, especially in media information channels and display platforms, who make two of the three major music and singing program platforms in South Korea belong to Skyrim, and it is rumored that KBS's "Music Bank" is not as good as SBS's "Popular Songs" because of its ratings, and it is even inferior to the later Ment "M!-Countdown" , ready to invite Skyrim's PPC (Program Production Center) to be responsible for the planning and production of the entire singing program. This alone has choked the necks of all the current entertainment companies in South Korea, not to mention the music sources and record distribution channels.
"Around-the-Korean-entertainment-chain-stores" have more than 1,000 stores in all cities of Korea, not counting the franchised stores and the more than 6,000 such stores in China and other Asian countries. Originally, most of the private and individual audio-visual product sales stores in South Korea were co-opted at high prices, unified layout and decoration, and unified purchase channels, all of which were placed under the banner of MGM-Luen Mei Entertainment in South Korea, coupled with the later merger of CJ-entertainment, and the online music source publishing platform, which made the entire skyline the largest entertainment media and distribution company in Korea and Asia.
Yang Hyun-suk's office welcomed two guests today, and these two guests came on behalf of Skyrim, the largest entertainment company in South Korea.
"Hello, President Yang, I've admired my name for a long time!"
"You're so kind!
Lee Seung Young and Hyun Yong Jeong came to visit Yang Hyun Suk together today, and they came with Ji Myung Chul's instructions.
"This is President Xian of Meiya Brokerage. β
"Acquaintance, acquaintance!
Yang Hyun Suk shook hands with Xian Yongzheng, thinking to himself who doesn't know him, now every entertainment company hates this person to the core, his "shovel" at the foot of the wall or Ji Mingzhe's shovel is too sharp, and it is too scary to wave it twice at every turn.
"You two, please take a seat!"
President Yang's posture is very low, it's not that he wants to be like this, he really can't be tough, Lee Seung Young is the president of Sky Entertainment Group, although Hyun Yong Zheng is the president of Meiya Brokerage, it is said that he is the same level as Yang Hyun Suk, but he is actually the personnel director of the entire CMZ Investment Group, and his status is equivalent to that of Lee Sheng Young, so Yang Hyun Suk has to be cautious.
"President Yang, we are here with the goodwill of the group chairman this time!"
As soon as Li Shengrong's words fell, a gleam flashed in Yang Xiansuk's eyes......
On February 20, U.S. time, an unknown investment company called "Bold-investment" (BI) issued a statement that it was about to invest heavily in the acquisition of The Walt Disney Company, Comcast, NBC and Time Warner Group, and the French Vivendi Universal Company (the entertainment business unit of the French Vivendi Group).
Not to mention, Disney is a true entertainment media conglomerate, owning Walt Disney Films, Touchstone Pictures, Hollywood Pictures, Miramax Films, and Hemon Films, and more importantly, he is also the largest shareholder of ABC (American Broadcasting Corporation).
Headquartered in Philadelphia, Pennsylvania, Concastel is a major cable TV, broadband network and IP telephony service provider in the United States, with 24.6 million cable subscribers, 14.4 million broadband Internet subscribers and 5.6 million IP telephony subscribers, making it the largest cable television company and the second largest Internet service provider in the United States.
As for NBC, not to mention in detail, it is the oldest and most powerful commercial radio and television company in the United States, with direct television stations in 7 cities of New York, Los Angeles, Chicago, Washington, Cleveland, Denver and Miami, and 208 affiliated TV stations across the country, and now the owner is General Electric Company of the United States.
Time Warner is also a multinational media company in the United States, with a business territory spanning the publishing, film and television industries, including Time Magazine, Sports Illustrated, Fortune Magazine, Life Magazine, Turner Television Network, CNN, HBO, DC Comics, Warner Bros., and other globally influential business companies.
These companies are all giant companies, and they are all big companies in the eyes of ordinary people in the United States, but why did an investment company called BI that I have never heard of buy these big guys.
But then BI told the media, the public, and the companies that were facing the takeover what the real giants were, and then they announced the upcoming acquisition plan and the funds they held, which shocked the media and the American people, as well as the companies that were preparing to rebel, and at the same time reacted with excitement, curiosity, and shudder.
"$350 billion! Yes, we've only got that much in store for the acquisition!"
Martin, a spokesman for BI Investment, spoke in a mocking tone, but looked at the stunned news media in front of him with some smugness.
This time, the funds were raised by him, Schulke and Chi Mingzhe. It can be seen how much money he and Schulke have earned over the years, although it is only half. In fact, Ji Mingzhe's real purpose is to buy Comcast and NBC, as for the others, they can't be regarded as smokescreens, anyway, there are no dates to hit a rod, what if it happens?
BI Investment is ready to use $350 billion to formally negotiate with those giant companies, so that those companies also have a bit of a headache, their scale is very large, and the asset evaluation is astronomical, but that is just an evaluation, and when they really want to get rid of the transfer, it will seriously shrink, especially they are all listed companies, and their assets will fluctuate greatly with the fluctuation of stock prices, which is also the reason why many seemingly powerful companies will go bankrupt instantly once they encounter any financial crisisγ Not to mention that these companies are not owned by one person, and the various shareholders will not maintain a consistent mentality, and some people may have the idea of making a lot of money by taking advantage of it.
"This is the biggest acquisition of the century, and there is no one, if it succeeds. βββ
The New York Times
"The origins of this company are mysterious...... We have not been able to know the specific information of the company until now......" -
USA Today
"There's crazy stuff going on in this world all the time...... We'll see......
Los Angeles Times ......
"It's impossible for us to sell the company to anyone else, and it's a small company from an unknown source, no matter how strong they are!"
The Walt Disney spokesman took the lead in holding a press conference and admitted to the media that they were not afraid of the takeover, but from time to time he took out a handkerchief to wipe the sweat on his forehead, which made some media reporters in the audience see something.
Subsequently, Comcast, NBC, The French Vivendi Group of Companies have issued statements refusing to acquire, Time Warner even used its media to ridicule the little-known BI company, of course, the U.S. Department of Commerce and the Federal Communications Commission have also issued statements, this investment company has been filed with them, all actions are legal, the rest is to see the willingness of each company facing the acquisition, of course, the French Vivendi Group they can't control, but Vivendi Global is still an American company, and then reminded BI again to pay attention to the existence of the U.S. Antitrust Actγ
These two statements made some people smell unusual, and some media, especially Time Warner, used some special channels to investigate the origin of this investment company, and the subsequent truth caused an uproar in many media.
BI investment is composed of seven offshore companies registered in Bermuda, which also makes the media first understand that the reason why this acquisition is not restricted by the US business sector, there are many places in the world that can register offshore companies, but only offshore companies registered in Bermuda can directly acquire enterprises or go public in the United States, the reason is that many large enterprises in the United States have registered offshore companies, and the ultimate purpose is to avoid taxes, such as Coca-Cola, Exxon-Mobil, Wal-Mart, General Electric and so on, of course, the US government will not sit idly by, and the final result is the product of compromise.
And all the people behind the scenes, first of all, Martin was found out to be one of the owners of the "Atlantic Investment Fund" on Wall Street, and the other named Schulke has nothing to hide. This fund company is also quite famous on Wall Street now, although the return on investment is mediocre, but it has not suffered a loss so far, so it has a good credit rating, and the four A's are the image of this company. The point is that the Martin boss graduated from New York University's film school, and an employee of the company who was bought off privately revealed that William Chi and Martin were not only classmates but also another boss of the company.
At this moment, the media that had cooperated with Chi Mingzhe realized the key, which was that he was retaliating against those companies and companies that had hindered his acquisition of MGM, but then he also had a further understanding of his character - he will be revenged, and he has endured it for so long, which is really bad.
Although the companies vowed to prove that they would not sell the company, many media later noticed that there were many unknown people coming in and out of their headquarters every day. The negotiating group composed of Deloitte and other well-known accounting firms, as well as mergers and acquisitions experts from Merrill Lynch and Goldman Sachs, watched all this in earnest, and the media was very excited, and this was all big news, which attracted the American press and even the major foreign media during this time.
In South Korea, there is also a lot of excitement, the news from the United States is that Ji Mingzhe is preparing to acquire several world-famous multinational large media and entertainment companies, once successful, this is another thing that Koreans are proud of in the world, Ji Mingzhe is not a Korean at all, and this has once again refreshed their perception of President Chi's wealth, and he can take out so much money to play the acquisition, how much is his real wealth. For this reason, Ji Mingzhe entrusted his little secretary Liu Renna to replace Han Jiaren, who was inconvenient to show up, and went to various parts of Korea to do charity shows, and donated a huge amount of money to various orphanages, churches and government-run charities, which won a lot of praise.
Samsung, SK, Hanjin, LG and several other family members who are good friends with him talked to him on the phone, asking if they need to help, and it is still possible for a few companies to make up tens of billions of dollars.
"Ohba, all the money is spent?"
"How is it possible, how much is this? How can it ...... What does the beauty have to say. β
In his study, Ji Mingzhe received a call from Han Jiaren.
"No...... Oba ...... I miss you!"
"I miss you too...... I'll be back when you're alive. β
"Oh......"
Han Jiaren was a little speechless and stopped, which made Chi Mingzhe feel conscious.
"Don't worry! Oba can't spend all his money, and he can't starve his children. β
"That's not what it means...... Oba ...... Just leave a little for our son!"
"Huh...... Got it!"
Hanging up the phone, Ji Mingzhe sat on the chair and thought about Han Jiaren's words, and then laughed again, after all, he is about to become a mother, and everything should be considered about the future of the child first, although Ji Mingzhe does not dislike her like this, but he feels that not only Han Jiaren but also Jun Jixian They still have to continue to teach well, the decision of equal distribution of property must continue to deepen, what will happen to the children's future, he doesn't want to worry too much, and when he dies, the assets will be arranged, as long as he is comfortable in this life.
When they came to the bedroom, Sujing and Ji-yeon looked at each other, one holding a box of Korean hot sauce in her hand.
"Why haven't you eaten yet? Do you want me to spank it? Let's see if you dare to smear those sauces next time." β
"Oba ...... I won't dare next time!"
"Hmm...... Me too!"
Both girls looked at him pitifully.
He has been busy during this time, and the two girls didn't come to disturb him, and not long after returning home today, Xiujing and Zhiyan, two forgetful girls, came to play with him and were caught.
"Know it's wrong?"
"Hmm!"*2
Touching their heads, Chi Mingzhe lowered his head and kissed each of them with a small mouth, he was reluctant to punish him, just scared.
"Oba ...... It's so nice!"
Sister Pu hugged his neck, her little face rubbed against his cheeks, Xiujing also reached out to hug him, and her little face was also pasted.
Chi Mingzhe was happy, and at this time he had turned into Chi Laoshi, and he hugged the two girls to his lap, and the mouths of the three of them were also close together.
"......"
The trouser zipper is open, and it pops out.
"Come, Oba will teach you the right way......
Sujing and Ji-yeon's little faces were flushed, and they knew what Ji Oba wanted them to do.
"Oh!"*2
"Ji-yeon comes first...... Still is...... Let's do it together!"
Glancing at each other, the two girls lowered their heads and stuck out their little tongues...... (To be continued.) )