Chapter 1240: Everyone is a friend, you're welcome

"NBCUniversal could be worth between $20 billion and $23 billion, including $5.1 billion in debt. To successfully acquire NBCUniversal, the purchase price may have to exceed its value by 30 to 40 percent, which means that NBCUniversal could be worth more than $30 billion. ”

When it came to the most critical issue of capital for mergers and acquisitions, the expressions of everyone in the conference room also became serious, and Andy also pondered for a moment and asked: "What about Vivendi's attitude? The 20% stake in their hands is also very critical." ”

Vivendi acquired a stake in NBC in 2004 in exchange for the sale of its media assets, such as Universal Pictures, to General Electric. Almost every year between November and December, Vivendi notifies GE that it intends to sell its stake in NBCUniversal on the market. Vivendi's right will continue until 2016. ”

Analyst Aspesi continued to say of his big boss: "I think Vivendi probably doesn't want to sell this part of the asset now, but more to put pressure on GE to turn around GE's operating performance in a few months and then sell it at a higher price." ”

"It seems that the breakthrough can only be placed on Jeff Immelt!" Andy frowned, tapped his fingers lightly on the conference table, looked at Alvitatl, and asked, "What about our M&A chips?"

"AMC TV is currently valued at about $4.7 billion, and it can also be used as a bargaining chip for mergers and acquisitions by 30%-40%, with a conservative estimate of about $6 billion.

Summit Entertainment's total valuation is around $700 million, and Weinstein's current valuation is up to $200 million, including $50 million in debt, after all, the most valuable film library has been divided.

THE HULU VIDEO MARKET IS VALUED AT AROUND $800 MILLION, BUT THE POTENTIAL IS HUGE. Since its inception, Hulu has had exclusive channels, with a total revenue of nearly $200 million, and now has about 2 million Hulu Plus subscribers who pay to watch online content.

U.S. satellite TV operators Dish, Amazon, Google and Yahoo have all expressed interest in buying Hulu, with prices ranging from $1 billion to $1.5 billion. Among them, Google's acquisition offer is higher. ”

Al reported the valuations of the three companies, which made everyone, including Andy, slightly stunned, the key is that the development is too rapid, but this is also understandable, in the case of no shortage of money, the speed of development and expansion is indeed not to be underestimated.

AMC TV alone, there are as many as 8 TV stations that have annexed News Corp., not to mention the local TV stations in major cities that have been acquired before, and there is no water at all to have a valuation of $4.7 billion, not to mention the TV series and reality shows launched, whose ratings can easily crush the TV content launched by NBC in the latest season.

The most amazing thing is the huge base of 51 million subscribers of AMC TV, which is a big piece of fat and any TV station is very red-eyed.

"At most, it only adds up to more than $8 billion, and it seems that cash is going to cost some anyway, but it doesn't matter, as long as the acquisition of NBCUniversal is completed, it's all worth it, my media kingdom... ”

Andy was sitting precariously, looking around with burning eyes, his fists slowly clenched, his voice was a little low, but the firmness and ambition revealed made everyone present clearly feel that his boss was determined to win.

"Bang-"

"Good ball!" Warren Buffett, who wore a cap, couldn't help but admire as he watched the golf ball with a beautiful arc land near the white flagstick in the distance, "It seems that your ball skills have indeed improved a lot." ”

"When it comes to sports, to be honest, there's no sport that can stump me, it's just that I'm not interested. The corners of Andy's mouth turned up, and he said indifferently, with a strong smell of pretending to be 13.

Warren Buffett couldn't help but shake his head and laugh, and didn't dwell on this matter, handed the club to the caddy behind him, said thank you, and said while taking off the glove on his right hand: "General Electric basically agreed to my conditions, which surprised me, but it was also expected, and, for being able to know you, Jeff was very much looking forward to it, he was going to come with me, but when he left, he received a video conference notice from the Ministry of Finance, and he could only apologize for coming back later." ”

Andy didn't have any doubts about this, Jeff Immelt, who was anxious, would never treat him slowly, and he didn't take it to heart, but said to Warren Buffett with a smile: "It seems that the concessions and compromises made by GM make you very happy and satisfied, with your personality, it must be a condition for making sure you don't lose money, it seems that a good reputation and influence can really be turned into real money!"

"Hehe, it's not just a matter of reputation, I've invested $3 billion... ”

Hearing Warren's rebuttal, Andy raised his eyebrows and joked: "Come on, Warren, General Electric may really be short of money, but it's not difficult for them to get money if they really want to." ”

Andy didn't say it too bluntly, but the old man who was proud of picking up a cigarette and was ushering in a speculative opportunity that would make sure he didn't lose money, naturally understood what Andy was referring to, and they all knew very well that the most serious problem at present was the fragile market confidence, and the most important thing for GE to open financing was to eliminate people's worries about its financial health.

"Except for NBCUniversal, don't you want to be a part of it? You know, this kind of opportunity doesn't happen every year, whether it's interest or preferred stock, it's a lot of income. Warren and Andy got on their scooters and headed for the next golf area.

"I'm not as rich as you, my money has a place to go, and it's okay to talk about short-term investment, but it will take three or four years to get the benefits, I don't have that patience, hey, the money is not enough!" Andy shook his head helplessly and shrugged his shoulders, looking like he couldn't do it, and pretended to be pretentious.

"Ahem, you kid, it's really... Buffett coughed lightly, shook his head with a smile, who on Wall Street didn't know, the little guy in front of him made continuous shots some time ago, and almost carried out a looting short selling on Lehman, MG Stanley, Citigroup, AIG, and even Goldman Sachs by murderous means, almost eating enough to support this little bastard, and even pretending to have no money, it really makes people want to go up and give him a few slaps.

"By the way, Berkshire Hathaway's stock price has fallen quite a bit recently, 14%, tsk, if you don't know that you have plenty of money, you can say no... Andy raised his eyebrows and smiled evilly, looking like I'm also very interested in shorting your company.

Warren is not worried about this at all, as Andy said, he has enough reserves in his hands, enough to allow all the bears who dare to short his company to blow up their positions and lose all their money.

"Welcome to short!" Warren said lightly, his tone and expression showed calmness and domineering.

Andy just smiled noncommittally, although he had the opportunity to give the old man in front of him a knife, but the benefits were disproportionate to the pay, and there might be one more old JIAN cunning enemy, and he wouldn't do anything that outweighed the losses.

After Andy and Warren's golf game for almost half an hour, Jeff Immelt, who had silver-white hair, belatedly apologized with sincere apologies, first expressed his apologies to Warren and Andy very sincerely, and the three of them exchanged pleasantries for about ten minutes before the meeting became normal.

"Andy, if you want to invest too, we can give you the same conditions as Warren, I can guarantee that. ”

Speaking of investment, Jeff Immelt directly opened his hole cards, without detouring, for him who is currently embattled, he can pull the God of Stocks and the God of Wealth into this financing plan together, and it is absolutely easy to solve the trouble of General Electric.

"Thank you. Andy was a little surprised, first thanked the other party for his kindness, then shook his head, and smiled a little embarrassedly: "Although I would love to get involved, however, I have other plans in progress, I don't have much cash, and I continue to turn over, preferred stock or something, common stock, I subscribe for $3 billion of common stock, I hope this can help you, my friend!"

Hearing Andy's such stinky and shameless words, Warren Buffett's smiling face remained the same, only the corners of his mouth twitched unnaturally slightly, perhaps what he wanted most at the moment was to find a place to vomit for a while, and seeing Jeff was very happy, a little excited and Andy shook hands and thanked him, he had an urge to vomit again, and then, he said with a smile: "Since everyone is friends, there is no need to be so polite, let's talk while playing." ”