Chapter 624: The Chicago Tribune's Reaction
Chicago Tribune office building, a conference room, Chicago Tribune shareholders and key executives sit in the conference room.
Each of them had a document on their desk, with the name on the cover of the document reading the Future Group's offer to acquire the Chicago Tribune.
B. Black, the largest shareholder of the Chicago Tribune, knocked on the table with an ugly face and said, "Everyone has read the takeover offer from the Future Group, what do you think?"
President George said: "Judging from the content of the takeover offer sent by Future Group, Future Group's attitude towards acquiring the Chicago Tribune is very resolute, and if we do not agree, they are likely to take some measures, such as suppressing our stock price and releasing our black material. ”
George was sure that as long as they didn't agree to the takeover, the Future Group would resort to these tactics, which he knew all too well and had used many times.
He sat as president of the Chicago Tribune for more than seven years and was involved in several Chicago Tribune acquisitions of other media outlets.
If the acquired media is also a listed company, it will take measures such as suppressing the stock price, releasing black materials, and bribing some of its shareholders to achieve the purpose of the acquisition.
If the other party is not a listed company, then it will take means such as releasing black materials and poaching people to achieve the purpose of acquisition.
In some cases, government connections are even used to achieve the purpose of acquisition.
The Future Group is many times stronger than the Chicago Tribune, and has more means and more ruthlessness, and he is very worried about whether the Chicago Tribune can withstand it.
The second largest shareholder of the Chicago Tribune said: "Mr. George is very reasonable, the attitude of the Future Group is very resolute, we do not agree to the acquisition, they will definitely take some measures, now we should discuss whether to agree to their acquisition, if not, then how to deal with their means." ”
"I don't agree with the Future Group's acquisition of the Chicago Tribune, which is now doing well, with more than 500,000 users on the newspaper and one of the top 10 in the industry in terms of user traffic on news sites," Black said.
As long as we continue to maintain a good development trend, it is not impossible for the newspaper to have more than one million users and the news website to rank in the top 5 in terms of visits.
Last year, the Chicago Tribune brought us more than 30 million profits, and the profits in the first half of this year have exceeded 20 million US dollars, and it is expected that the profits for the whole year are likely to exceed 40 million US dollars.
The Chicago Tribune is developing so well, why should we sell, and more importantly, the purchase price of the Future Group is completely not what I wanted, only $1 billion.
The Chicago Tribune has a market capitalization of more than $500 million and will sell for at least $2 billion. ”
Black & Lake was very unhappy with Future Group's offer to the Chicago Tribune, what is developing well is, as long as there is a suitable price, he is 100% willing to sell the Chicago Tribune.
But the offer given by Future Group was too low, at only $1 billion, and he thought it would take at least $2 billion to buy the Chicago Tribune.
"$1 billion is too low, but Future Group is likely to use a variety of tactics to suppress our market value, and then our market value may be a lot lower," George said. ”
In fact, George felt very strange that the relationship between the Chicago Tribune and Xu Qing and Xu Qing had always been very bad, why the Future Group suddenly wanted to buy the Chicago Tribune.
Could it be that Xu Qing was unhappy with the Chicago Tribune, so he bought the Chicago Tribune and then drove out the shareholders and management?
In the past, Black had a feud with a media company, and then Black used various methods to suppress that company, and finally bought it and drove out all the shareholders and management of the company.
If that's the case, it hurts.
Didn't the Chicago Tribune hack Xu Qing and his company, and they needed to buy it.
Well, in fact, George panicked, black Xu Qing and Xu Qing Company were implemented by George at the beginning.
When Xu Qing's first Harry Potter was released and did well, the Chicago Tribune published an article that fiercely criticized Harry Potter.
That article was sent by an editor, and the Chicago Tribune has always had a tradition of black celebrities, and it also likes to do the opposite, which means that when everyone is praising a celebrity, the Chicago Tribune likes to be black.
At that time, Xu Qing's Harry Potter was very popular, and many media were boasting about it, but the Chicago Tribune published a report on Xu Qing and Harry Potter.
Saying that Harry Potter has had a significant adverse effect on teenagers in the United States, the government should ban Harry Potter from being sold.
At first, George did not review the report, but was reviewed by the head of the editorial department and published.
At that time, Xu Qing's reputation was not very large, and this report was not qualified to be reviewed by him.
Later, as Xu Qing's development got better and better, the Chicago Tribune also published a few reports on Xu Qing, which achieved a good response and attracted George's attention.
George learned about Xu Qing's information, and then saw the reaction after Hei Xu Qing's report was issued, and made a decision, which was to vigorously black Xu Qing and his company.
Since then, the Chicago Tribune's coverage of Black Xu Qing and Xu Qing's company has increased several times, and the Chicago Tribune's sales have also begun to grow rapidly, making George even more determined about Black Xu Qing and his company.
Later, Xu Qing sued the Chicago Tribune, and George was very scared at first, because Xu Qing was already the richest man in the world at that time, and he had huge energy and could hire all the well-known lawyers in the United States.
George was afraid that Xu Qing's prosecution would have a very bad impact on the Chicago Tribune.
But the result left George dumbfounded, because of Xu Qing's lawsuit, the Chicago Tribune's sales and traffic were even better.
George carefully investigated the cause and found that it turned out to be Xu Qing's sunspots pouring into the Chicago Tribune.
Since then, the Chicago Tribune has been more energetic, and in terms of blackness, it has also been as much as possible to meet the tastes of those Xu Qing and black people.
George sometimes thinks that Xu Qing is really a lucky star for the Chicago Tribune.
If the Chicago Tribune had not been black, the Chicago Tribune would certainly not have developed so well.
But now George is really scared, he is very afraid of the shareholders of the Chicago Tribune, knowing that Xu Qing bought it because he was unhappy with the Chicago Tribune.
And the reason why Xu Qing is unhappy with the Chicago Tribune is because the Chicago Tribune often hacks Xu Qing and Xu Qing's company.
And all this is because it was a decision he made, to do his best to hack Xu Qing and Xu Qing's company.
In the final analysis, it was because of him that Xu Qing wanted to buy the Chicago Tribune, and the offer he gave was not a normal purchase price.