Chapter 1511: Blockbuster Acquisition!

After the announcement of the fixed exchange rate, the Hong Kong government showed unprecedented strength.

All banks immediately announced the lifting of restrictions on the exchange of dollars and the implementation of a fixed exchange rate of 7.8.

Someone tried to exchange the US dollar for the US dollar, whether it was thousands or tens of thousands, all of them could be exchanged smoothly, but the exchange rate was no longer close to 10 before, and could only be 7.8:1.

As a result, the exchange rate between the Hong Kong dollar and the US dollar naturally changed.

On the second day, the dollar fell to 8.12, and on the third day, November 17, the dollar was the same as the bank's rate.

At the same time, the price of gold also fell, returning to the level of a month ago.

Many people who speculated about the exchange rate and gold fell into complete despair when they saw this.

They have no way to oppose the entire Xiangjiang government, even if they have billions or tens of billions of dollars, it will not help, and they can directly kill them with a change in policy.

What's more, they don't have that much money yet, just some small speculators.

Most of the money they took out to speculate was borrowed and raised.

In the case of such a huge loss, it is already impossible to repay the money, so in the past few days, there have been no less than dozens of people jumping from the rooftop.

Not everyone has the courage to commit suicide, and many more run away.

For a while, the atmosphere in Xiangjiang still seemed a little tense and pessimistic.

However, Youde and the government of Hong Kong do not care about this, they only care about whether the fixed exchange rate can stabilize the financial market in Hong Kong.

In fact, it turned out that this fixed exchange rate was like a needle in the sea, and it almost did not encounter any waves, which allowed the turbulent financial market to enter stability.

The speed was so fast that everyone was surprised.

Originally, Youde was also prepared that if the effect was not good, he would ask Yin Jun to shout again, which might increase his credibility.

But now it seems that there is no need for it.

As everyone knows, even if Youde comes to invite Yin Jun this time, Yin Jun will not come forward.

Recently, the exposure rate of the teenager has been high enough, and he has done enough things, if he appears frequently, it will make people think that he is the spokesperson of the government.

Of course, Yin Jun was unwilling to weaken his status as a businessman and became a stakeholder with ties to the government.

After all, he has always relied on his own strength, not on the government's policy help.

But Yin Jun is not without benefits.

After discussing with Shen Bi, he secretly deposited all his Hong Kong dollars into HSBC, and then applied for a loan of almost $2 billion.

The term is three months.

Three months later, the Hong Kong dollar was directly converted into US dollars and repaid to HSBC, and Yin Jun only had to pay the corresponding interest.

And the current interest rate, however, is the lowest in recent years.

With such an urgent hold of nearly $2.5 billion, what is Yin Jun going to do?

Completing his acquisition, of course.

At 9 a.m. Western Time on November 20, Kirin Group North America and ABC TV News Network jointly issued a statement.

Kirin Group North America, after months of negotiations, has reached an agreement with the board of directors and major shareholders of ABC.

Kirin Group North America will acquire ABC in its entirety in cash and delist it as a privately owned company of Kirin Group.

Kirin Group North America will pay $3.6 billion for this.

Most of this funding comes from direct payments from the head office and a portion of bank loans.

The Kirin Group headquarters gave 2 billion US dollars, and the 440 million US dollars earned in the exchange rate war was placed in the bank as an emergency fund.

Yin Junke has never been a person who uses the money in his hands cleanly.

Not only did he leave the $440 million, but Yin Jun also had a loan amount of no more than $1 billion from HSBC, which was the kind that could be loaned out at any time.

This ensures that Kirin Group has a large amount of liquidity available at any time.

The remaining $1.6 billion in bank loans came from Nippon Mitsui Bank.

It's not that Japan's Sumitomo Bank has no money, but in fact, people have a lot of money.

It's just that Sumitomo Bank has already lent $2.5 billion to the Kirin Group, and the bank naturally has its own set of rules of conduct, no matter how prosperous and promising the Kirin Group is, they have a risk assessment mechanism, and it is impossible to lend another $1.6 billion to the Kirin Group in a short period of time.

But Makoto Honda won't fail to help.

He directly contacted Mitsui Bank, which has a good relationship with Sumitomo Bank, and asked them to lend money to Yin Jun.

Mitsui Bank is also one of the five largest banks in Japan, and in a few years' time, they will merge with Sumitomo Bank to become the second largest bank in Japan, after Mitsubishi Financial Group.

Even now, the relationship between Mitsui Bank and Sumitomo Bank is still a good alliance.

Like Sumitomo Bank, due to the continuous economic development of Japan, Mitsui Bank has a lot of money in its hands, and it is of course very happy to meet such a big customer as Yin Jun.

From the beginning of September to the confirmation of the loan in early October, it took less than a month for 1.6 billion US dollars to be quietly prepared for Yin Jun.

And the interest rate is very low, only 5%, which is far below the ordinary interest rate.

With his own money to make a fortune, Yin Jun naturally does not have any burden.

However, this money was not used all at once.

Although the acquisition agreement has been reached, it is a long process to forcibly acquire and delist, how to transfer property rights, how to approve assets, etc.

Without three or five months, it is simply impossible to complete.

Fortunately, after purchasing more than 52% of the shares from ABC's major shareholders from the day the deal was reached, Kirin Group's North American branch already has the management rights of ABC.

In other words, from now on, Kirin Group North America can take over ABC and start handling the merger.

In addition to announcing the acquisition, Kirin Group North America has several resolutions.

The first is that after ABC joined the Kirin Group family, it merged directly with Disney TV channels.

This is not unexpected.

When there was a rumor that Kirin Group was preparing to acquire ABC, everyone understood what Yin Jun meant.

Disney's TV channel is so powerful within ABC that it can almost stand up to all the channels and news networks combined.

In this situation, ABC has only two options.

Either they bought the Disney TV channel, or the two companies chose to merge.

Otherwise, ABC will definitely not be able to keep the Disney TV channel, and then it will lose a lot, and it is very likely that it will slip from a first-class TV news network to a second-rate.

But the road of Disney TV channels is not easy to follow.

If their position in the ABC News network is not secured, then leaving is a high probability event.

With Yin Jun's financial and material resources, it is not difficult to re-establish a new TV news network with Disney News Channel as the main body.

The point is that if you build a TV news network from scratch, it will take at least several years to see results.

If you waste a few years of time, it will be a little difficult to regain the height of the previous ABC.

After all, on the other side, 20th Century Fox has announced that they are about to welcome a new owner, world news tycoon Murdoch.

And Murdoch is also interested in creating a new big TV network.

In terms of media, although Yin Jun is also impressive in the media industry in Xiangjiang, this is still much more immature than Murdoch, who has been running media for decades and has industries all over the world.

With such a strong opponent and those previously fixed TV news networks such as CBS, it is really difficult for Disney TV channels to stand on their own.

So it's better for them to merge directly with ABC.

Merging is the best option for both companies.

As a result, in the past few months, when the North American branch of Kirin Group and ABC have frequently negotiated, various rumors have long been revealed.

With the strength of the two companies, of course, it is the merger and acquisition of the North American branch of the Kirin Group, or the majority of the shares.

It's just that there are some other voices coming out.

That is, with Yin Jun's character and his style of acting, I am afraid that it is not suitable to merge and hold a majority of shares.

He should want to own ABC outright and turn ABC into his own private property.

Because before that, he did this to Disney, or to United Arts Pictures, or to 7-Eleven.

Although Yin Jun is a genius, the greedy and selfish character of the Oriental people is still very vividly reflected in him.

Now the results are in, and sure enough.

ABC was also wholly acquired and became a member of the Kirin Group.

If the above resolutions have been guessed, then there are few people who can guess the other resolution of the North American branch of Kirin Group.

After the merger, the TV news network is still called ABC TV News Network, but his president is the former director of Disney TV Channel - Robert Iger!

This decision was a big surprise!

Originally, everyone thought that it would be ABC's management to continue their work, after all, ABC had done a very good job before, and its development was very rapid and stable.

Otherwise, it is not a secret that Yin Jun's long-coveted Barry Diller, that is, the president of Paramount, will serve as the president of the TV news network - it is no secret that Yin Jun has secretly met with Barry Diller several times to convince him to go to the Kirin Group.

And Barry Diller also prefers to do a little bit of TV news networking.

Unexpectedly, a young man who was only 32 years old became the president of ABC TV News Network!

You know, two or three years ago, Robert Iger was only an assistant manager in ABC's marketing department, and he was five or six levels away from the president.

Unexpectedly, after going to the Disney TV channel for so many years, when he came back, he was already high above and became everyone's boss.

For a time, Robert Iger quickly became the most watched person in the American news industry!