Chapter 563 - Acquisition of CBS Blocked

Thompson has a 2% stake in CBS, which is a small shareholder, and from the information that Xu Qing learned from the sunlight group before, Thompson is willing to be acquired by the sunlight group.

CBS has a large number of shareholders, according to statistics, there are 32 CBS shareholders with more than 0.5% of the shares, of which the largest shareholder Russell holds 26% of the shares.

With so many shareholders, it is clear that the acquisition of CBS by the sunlight group has not gone very well.

There are some shareholders who do not agree with the acquisition of CBS by sunlight Group, and these shareholders who do not agree add up to about 21% of the shares, which is not a small share.

What Xu Qing hopes most is for the sunlight group to wholly acquire CBS, and all the shares will be controlled by the sunlight group.

In this way, if Xu Qing wants to transform CBS in the future, no one will stop him.

But from the very beginning, Xu Qing knew that the possibility of a wholly-owned acquisition was very small, first of all, CBS has many shareholders, and it is very difficult to acquire shares from all shareholders.

The second is the U.S. government, will it allow the Sunlight Group to take over as a wholly owned company?

The ideal situation is that the sunlight group acquires 75% of the shares of CBS, so that the sunlight group has absolute control over CBS, and the other shareholders of CBS basically cannot stop CBS from doing anything.

The bottom line is to acquire 51% of the shares, and the Sunlight Group still has a controlling stake, and in most cases, other shareholders cannot object to what they want to do.

Xu Qing does not want sunlight to buy dozens of percent of CBS's shares, because this will be subject to many constraints.

The reason why Xu Qing wants to buy CBS is to make CBS a TV station with global influence, not just the United States.

But in order to achieve such a goal, CBS must be overhauled, which will inevitably offend the interests of some people and cause them to block it.

Xu Qing didn't want CBS's transformation to be affected by those people, he would directly get rid of those people.

But the premise is that Xu Qing has a controlling stake in CBS, and the more shares, the better.

In fact, some CBS shareholders want to sell their shares to other companies, but no one has sold their shares to other companies due to the constraints of Russell, the majority shareholder.

Russell didn't say that he wanted to be a good person for Xu Qing's sake.

And he is also thinking about his own interests, he knows that Xu Qing wants to wholly acquire CBS, and the bottom line is a controlling stake.

The more shares Xu Qing acquires, the higher the price per unit will be.

If Xu Qing wholly acquires CBS, the price per unit of shares would be US$100.

But Xu Qing can't buy CBS entirely, and can only buy 80% of CBS shares, so the price of each unit could be $90.

Don't underestimate the $10 difference, in tens of billions of dollars in acquisitions, a small difference can make Russell hundreds of millions of dollars more, or hundreds of millions of dollars less.

Hundreds of millions of dollars is not a small amount, so Russell is trying to let Xu Qing buy CBS as a wholly owned company.

Russell himself is very willing to be acquired by Xu Qing CBS, Xu Qing is generous and rich, and he can pay the money for the acquisition within a few years.

Unlike some companies, it can take more than 5 years to pay the money.

In addition, Russell wants to take advantage of this to have a good relationship with Xu Qing, Xu Qing's company has great development potential, and he is also very greedy.

If Xu Qing wants to sell the shares of his company in the future, maybe Xu Qing will give priority to him.

However, Russell's restraint on other shareholders could not last long, and others gave Russell face and did not want to have a stalemate with Russell.

In case CBS is not acquired, it will be embarrassing for everyone to get into a fight, so they can temporarily refrain from selling their shares to other companies.

But they weren't Russell's subordinates after all, and they didn't make sense, and there was no reason to listen to Russell all the time.

Everyone will think about their own interests, and if the price offered by other companies is very high, it is normal for them to sell their shares.

Thompson briefed Xu Qing about CBS's shareholders and whether they were in contact with other companies.

What Thompson has learned so far is that no other shareholder has contacted other shareholders.

But Thompson also said that after Christmas, it is likely that other shareholders will contact other companies, or other companies will contact other shareholders.

Thompson hopes that Xu Qing can come up with a countermeasure as soon as possible, if Xu Qing still wants to buy it wholly owned.

Xu Qing thought about it, except for raising the purchase price, there is no good countermeasure, there are too many CBS shareholders, and it is impossible for Xu Qing to exchange benefits with them one by one.

However, the purchase price of CBS itself is tens of billions of dollars, and a small increase in the purchase price will increase by billions of dollars.

It doesn't make sense to raise hundreds of millions of dollars, billions of dollars, so many shareholders, everyone divides them, there is not much.

With so much money involved, Xu Qing couldn't make a decision just by thinking about it, and he needed to discuss it with the Sunlight Group and others.

Because I didn't come to negotiate the acquisition today, Xu Qing and Thompson talked about the acquisition, but they didn't talk, and Thompson and Xu Qing went to visit the CBS headquarters.

Xu Qing first met with CBS management, and these managers were very enthusiastic and even flattering to Xu Qing.

If Xu Qing succeeds in acquiring CBS, it will be these people who will have the greatest impact.

Usually the management of the acquired company will be reshuffled, and many people may be transferred to another position, or even fired.

CBS is one of the top five television stations in the United States, and there are few better companies for these media industry veterans than CBS.

Xu Qing chatted with them with a smile, and now Xu Qing doesn't know which of these people is capable, but it's right to smile, and treat everyone equally.

After chatting with CBS management, Xu Qing went to visit some of CBS's more important departments, such as the news department and the film and television program production department.

Every time Xu Qing went to a department, he was hugely welcomed, which gave Xu Qing the illusion that he was inspecting his company.

When Xu Qing inspects his company, he is greatly welcomed.

But the current situation is that CBS is not his company, and there is still a long way to go to become his company.

These people must be so welcoming to him because of his handsomeness, charm, and temperament, Xu Qing thought to himself.

When Xu Qing finished visiting CBS, it was already off work, and Russell also came to CBS to meet Xu Qing.

Xu Qing came to CBS today, but only told CBS a few hours before coming that he was very casual.

Usually people like Xu Qing visit CBS and tell CBS at least a week in advance, and CBS is prepared accordingly.

Russell was still in Washington this morning, and when he heard Xu Qing coming to CBS, he hurried back from Washington.

Russell arrived just in time for everyone to go to dinner.

During the meal, Russell said something about how he would fully support Xu Qing's acquisition of CBS.

Speaking of which, Russell also felt a pain in the egg, he always wanted to express his support in front of Xu Qing, but because Xu Qing did not participate in the acquisition negotiations, Russell had no excuse to meet Xu Qing.

Russell could only convey his support for Xu Qing through the people of the Sunlight Group.

But support must be expressed in person is the best, so Russell took advantage of the meal to express his support for Xu Qing.