Episode 804: The Snake Swallows the Elephant

"Director Lee so-man, President Kim NIM asked if you were free, and he wanted to have a meeting with you. ”

Li Xiuman raised his head behind his desk, looked at his secretary, and asked after a moment of silence:

"Did something happen in the company today?"

The secretary shook his head and said:

"I didn't hear anything about it in the company, but I heard that Lee Sung-man XI lost his temper in the MBC standby room and taught Taeyeon, Pani and Seo Hyun a lesson, and the rest of the agent team was also disciplined. ”

Li Xiuman frowned, touched his chin and said:

"Cheng Man lost his temper and scolded everyone? This is rare, he has been in the company for 20 years, and it is the first time I have heard him lose his temper so much. ”

"Inside, I was also surprised when I heard about it," the secretary replied with a smile: "I heard that the three children of TTS were playing a little too much in the waiting room, and the staff did not immediately dissuade them, so they were scolded by Li Chengman." ”

Li Xiuman thought about it with a calm face, jumped away from the topic and said:

"You reply to President Kim NIM, and I'll be there in ten minutes. ”

The secretary nodded in agreement and bowed and exited the office.

Li Xiuman put down the pen in his hand, picked up the phone on the table, thought about it and put it down, it wasn't a scandal, a little overdoing it was not a big deal at all, and there was no problem with Li Chengman's handling, Jin Yingmin should not have a meeting with him for this matter, he didn't need to hurry to inquire about the situation.

After carefully recalling it in his mind, Li Xiuman didn't figure out why Kim Yingmin wanted to have a meeting with him, and when he saw that the time was almost up, he got up and walked out, and then he would improvise.

As soon as Li Xiuman walked to the door of Kim Youngmin's office, Kim Youngmin had already come out of it and saluted first:

"Crisp Songmida, Director NIM, I was supposed to be there, but I happened to have something to attend to, so I had to ask you to come over. ”

Li Xiuman waved his hand casually and said:

"President NIM is too polite, we work on the same floor, and I'm not so old that I can't even walk these few steps, since you don't have time, it's not normal for me to come over. ”

Kim Young-min smiled and thanked him and invited Lee so-man into the office, the two chatted a few words, and when the secretary had tea and withdrew, Kim Young-min got to the point:

"Director NIM, have you been in contact with Director NIM recently?"

Li Xiuman thought about it with the teacup, shook his head and said:

"No, Xiyi hasn't been filming TV series lately, he should be quite busy, right?"

Kim Young-min breathed a sigh of relief and asked, "Then do you know that C&C is going to acquire AM Entertainment?"

"Huh?"

Lee so-man was taken aback and looked up at Kim Young-min, as if to confirm whether he was lying, and Kim Young-min also stared at Lee so-man, as if trying to see if he was pretending.

"AM Entertainment?" Li Xiuman suppressed the surprise in his heart and asked rhetorically: "Is it the agency of Zhang Dongjian XI, who is co-starring in a TV series with Xiyi?"

Kim Young-min nodded:

"Inside, it's Jang Dong-kin XI's AM Entertainment, Kim Ha-na XI and Kim so-ro XI, who co-starred with Hee-yi this time, are also artists of AM Entertainment, as well as Hyun Bin XI, Shin Min-a XI, Han Ji-min XI ......"

Li Xiuman smiled slightly:

"Yes, if you can really acquire AM Entertainment, C&C will have a foundation in the Korean film and television industry. ”

The corners of Jin Yingmin's mouth twitched, looking at Li Xiuman without speaking, Li Xiuman ignored him and lowered his head to taste tea.

Seeing that Li Xiuman had made up his mind and pretended to be stupid, Jin Yingmin said helplessly:

"Director NIM, AM Entertainment's total sales last year were 12 billion won, and the net profit was nearly 500 million won, and C&C's revenue last year was only more than 2 billion, not to mention the net profit, almost nothing, if you want to acquire AM Entertainment, is it too reluctant?"

Li Xiuman smiled again and said, "President NIM is very thoughtful, it seems to be a little reluctant......"

Jin Yingmin held his breath for a while, but he knew very well that Li Xiuman was cunning and cunning, and if he didn't break the words, this old guy could definitely ride the wall until he got off work, so he simply said directly:

"Director NIM, Director NIM has played an important role in the establishment and development of C&C, and it has been a lot of hard work over the years, as you said, the acquisition of AM Entertainment is a step to completely consolidate the foundation of C&C, but ...... With such a big move, shouldn't NIM say hello to the company's board of directors first? Even if you don't say hello to the headquarters, shouldn't you say hello first? After all, you are the second largest individual shareholder of C&C!"

Kim Young-min looked worried about Li Xiuman, and after a pause, he suddenly whispered to himself:

"Or is NIM planning to invest in the acquisition of AM Entertainment and then merge with C&C?"

If the previous remarks are to provoke right and wrong, then the last sentence is completely condemning.

However, Kim Young-min is right, even though Jung Hee-yi is now the largest shareholder of C&C, he is not an absolute controlling shareholder, and he should indeed greet S.M headquarters and Lee so-man before acquiring AM Entertainment, unless he really plans to personally invest in the acquisition of AM Entertainment first, and then merge with C&C.

It's just that neither S.M nor Lee so-man wants to face this situation......

The current market value of C&C is only one-fifth or even less of AM Entertainment, and the acquisition of AM Entertainment with C&C is completely "snake swallowing elephants", as C&C shareholders S.M and Li Xiuman, will face a multiple-choice question of whether to increase capital and increase holdings to retain the controlling stake, or the shares will be diluted and gradually marginalized.

Obviously, diluting the shares is not an option, because once Zheng Xiyi has absolute control, he can continue to play this trick of "snake swallowing elephants", diluting S.M and Li Xiuman's shares to the minimum step by step, and then kicking them out completely.

S.M and Li Xiuman can also choose not to merge with AM Entertainment from the beginning, but Zheng Xiyi, who has AM Entertainment, can completely break away from C&C, and it has no impact on him to break away from the S.M system, but for S.M, the loss of Zheng Xiyi is equivalent to completely cutting off the way to enter the film and television industry.

Therefore, S.M and Li Xiuman can only passively choose to increase their holdings.

For S.M., which had a total sales of 168 billion won and a net profit of 37.2 billion won in 2011, it will cost about 78 billion won to increase its combined C&C.

What's even more painful is the face of S.M and Lee Xiuman, after all, as the largest idol agency in South Korea, but its subsidiaries were forced to pay money to increase their holdings with the capital operation method of "snake swallowing elephants", which is definitely not a glorious thing.

Li Xiuman didn't speak immediately, half-closed his eyes and silently tasted tea, and only after three minutes did he say quietly:

"Where did President NIM hear about Xiyi's acquisition of AM Entertainment?"

"Uh......"

Jin Yingmin was stunned for a while, thought about it and explained honestly:

"The news came from the TTS agent team, and it was revealed by Seo Hyun and Taeyeon when they were chatting......"

"Huh?"

Li Xiuman glanced at Kim Yingmin, as if unintentionally said:

"Such a big deal...... I actually heard it from the artist.,President NIM.,It can't be a misunderstanding, right?"

Jin Yingmin hurriedly shook his head and said, "It's not a misunderstanding!"

"If it was said by other artists, I wouldn't have asked the director NIM to come over to discuss, but the news came from Xu Xian, and I think it's true!"

"How so?"

There was a hint of banter on the corner of Jin Yingmin's mouth:

"Director NIM should also know about the relationship between Director NIM and Xu Xian...... Pretty close!"

Li Xiuman glanced at Jin Yingmin again, and said coldly:

"President NIM, don't speculate about this kind of thing, after all, Xiyi is not only an artist, but also a director of C&C, not to mention, Director Lin Xiyin NIM doesn't necessarily like to hear this kind of rumor in the council. ”

"Inside, A-Ismitta, it's me who lost my word. Kim Young-min hurriedly put away his smile and apologized, but then said: "However, even if it doesn't matter what the relationship between Xiyi Director NIM and Seo Hyun is, with Seo Hyun's character, he probably wouldn't deliberately make up such a lie in order to show off......"

Li Xiuman nodded slowly, he and Kim Yingmin agreed on this point. If the news comes out from other artists, Li Xiuman will believe it at most 20%, but if it really comes from Xu Xian's mouth, he will believe it at least 70%, and with Xu Xian's knowledge, I am afraid that it will be difficult to make up such a complex way of capital operation.

However, Li Xiuman still didn't believe that Zheng Xiyi would make a "snake swallowing elephant" to force the palace. It's not that he trusts Zheng Xiyi's character, but he thinks that Zheng Xiyi doesn't have to be so complicated to deal with S.M and him, just take the money and smash it, not to mention a small C&C, it's not a big deal to buy the entire S.M.

Although entertainment agency giants like S.M. have political partisan backgrounds behind them, and the South Korean government is unlikely to allow foreign companies to control the leading companies in the country's pillar industries, this is not a barrier that cannot be bypassed.

The easiest way is for Lin Xiyin to give up his American citizenship and become a South Korean citizen, as for some political obstacles, with Zheng Xiyi and the Samsung Li family, the relationship between Lin Xiyin and the Lotte Xin family is completely fine, it's just a matter of paying the price.

What's more, Zheng Xiyi has always done things well, if he really wants to force the palace to swallow C&C, he is afraid that it will be too late when he hears the news, and the news coming from TTS is not in line with Zheng Xiyi's usual style, he does not attach great importance to that group of girls, especially Yuna and Xu Xian, and will not drag them into such a dangerous whirlpool.

Li Xiuman, who thought about it and felt that there was something strange about this matter, finally decided to take it steady:

"Since it's just a rumor, I don't think it's better to be too sensitive, lest Hee-yi laugh at us old men and make a big fuss, so let's let Park Yong-so confirm it and then think about how to deal with it, President NIM. ”

Jin Yingmin was disappointed when he heard this, but he didn't expect that Li Xiuman, who regarded S.M as a forbidden body, no longer had that ferocity, but without Li Xiuman's support, he didn't want to confront Zheng Xiyi head-on, so he had to nod and say:

"Inside, Ah to Yi Smida, I'll let Yongsu go to Seo Hyun to find out the situation. ”

Li Xiuman nodded, and added:

"Don't just look for Xu Xian, ask Chengman again, if Xiyi really wants to do something, he should know!"

Jin Yingmin hesitated for a moment and said hesitantly: "Will Li Chengman tell the truth?"

Li Xiuman said firmly: "Chengman still has feelings for the company, don't worry!"