As we all know, MGM Group, or the Tianchen Fund behind it, likes the most thing - absolute control.

Yes, looking at all the acquisitions of MGM Group, you can find a miraculous phenomenon, that is, all the acquisitions of MGM are wholly-owned acquisitions, at least more than 50% absolute control. Especially for some very optimistic listed companies, MGM's favorite thing to do is - privatization.

Of course, not all acquisition targets can get the highest level of "privatization", and some are just ordinary financial investments. However, the companies that have been able to enter the eyes of MGM Group have basically not escaped the fate of "privatization".

There is no doubt that this time Random House is also in the eyes of MGM Group, so the road of "privatization" is basically doomed.

Now, MGM has an 82.3% stake in Random House and can compulsorily acquire all the outstanding shares in the market. Besides, there are really not many outstanding shares in the market now, less than 18%, and about 13% of them are in the hands of the Cerf family and the Klopf family.

In other words, the average investor in the market currently owns less than 5% of Random House's shares – and that's almost a matter of minutes.

However, before the less than 5% stake can be settled, MGM and Soft also need to settle the 13% stake held by the Cerf family and the Klopf family. Fortunately, this is really not a difficult thing for MGM, just take the money and smash it, who makes the buddy rich.

Yes, MGM Group is indeed rich now, really rich, and it is not because he has the money that he has backed from the "Capital Dad" Tianchen Fund, but because of his own profits. For these profits attributable to the parent company Tianchen Fund, Su Chenyu did not attribute them to the books of Tianchen Fund, but kept them in MGM Group, just to use them when opening the acquisition case.

You must know that since MGM, the lion, was "awakened" by Su Chenyu, profits have skyrocketed every year - in addition to the huge profits created by MGM Pictures and its production companies and distribution companies, Sky TV, Blockbuster, Marvel, etc. are also contributing their own strength.

Therefore, MGM Group has the confidence to swagger around Hollywood and the media circle, who makes Lao Tzu rich, rich is confident, and his voice can be an octave higher. Of course, no matter how rich MGM Group is, it is impossible to be rich enough to acquire ABC Broadcasting Company and TBS, and these giant-level acquisitions have to rely on the "Capital Dad" Tianchen Fund to support them. However, some small film companies, brokerage companies, music companies, etc. with huge potential, MGM can still handle it easily. For example, the acquisition of the remaining 13% shares of Random House, and then using the "capital father" Tianchen Fund to sell, MGM Group said that it can easily do it next.

In fact, it is!

Robert Iger, the new senior vice president of MGM, is in charge of this matter, and it can be regarded as Peter Chening's training for the future successor. I have to say that the "great power" who brought Disney to the world's largest entertainment media company in his previous life was really powerful, and he quickly got rid of the Cerf family and the Klopf family, and ate all 13% of the shares in the hands of the two companies at a premium of 30%.

At this point, MGM Group's shares have skyrocketed to 95 percent, basically completely controlling Random House, and only the last 5 percent remains! As a result, MGM Group formally filed a privatization application with the SEC to forcibly buy out the scattered 5 percent of the shares, thus wholly owning Random House.

Therefore, when MGM Group officially announced that it would wholly own Random House, there was no surprise to everyone. Besides, isn't this a normal thing? "Privatization" is MGM's patent, and if MGM Group does not privatize Random House, something will go wrong.

However, although everyone thought about the privatization of Random House, I believe that the next thing that many people would not think of when they were killed......

Because, the world's largest English publishing group was born!

Shortly after MGM Group announced the privatization of Random House, it once again dropped a "bombshell" to the world - Random House officially merged and reorganized with the British Penguin Publishing Group!

Rumble......

The global publishing industry and the media industry have directly exploded, and the merger and reorganization of Random House and Penguin Publishing Group, one is the largest English publishing company in the United States and the largest publishing company in the United Kingdom, what does the merger and reorganization of these two companies represent?

The merger and reorganization of Random House and Penguin represents the birth of the world's largest English publishing group!

The publishing industry, although not a standard media industry scope, but can also be regarded as a pan-media circle, MGM Group merged Random House and Penguin Publishing Group, which can be regarded as establishing its absolute leading position in the publishing and media industry in one fell swoop.

Because Random House and Penguin Publishing Group are both wholly-owned subsidiaries of Tianchen Fund, the merger and reorganization between the two is going quite smoothly. After Tianchen Fund transferred Penguin Publishing Group to MGM, Peter Chening flew from the United States to London with Ted Turner and Robert Iger, who wanted to discuss the details of the restructuring with Charles Spencer.

To be honest, for Charles Spencer, the chairman of Penguin Publishing Group, whether it is Peter Chenin, Ted Turner, or Robert Iger, the biggest impression in their opinion is - "Princess Diana's younger brother"!

Well, that's it, this is the sorrow of His Excellency Earl Charles Spencer, no matter what he does, people's impression of him is still "Princess Diana's younger brother"! I have to say, this is indeed a great sorrow, the sorrow of a great sister!

That's why Charles Spencer exiled himself to the sensual dog before, after all, no matter what he did, he was just "Princess Diana's younger brother". So, it's no wonder if Charles Spencer still has the motivation to struggle!

However, after Tianchen Fund successfully acquired Penguin Publishing Group, Su Chenyu, a "cheap brother-in-law", actually pressed the chairman's position on himself, which made Charles Spencer a little confused. Because, Charles Spencer never thought that he could be at the helm of a world publishing giant, and he was still trapped in the "younger brother of Princess Diana".

However, in the face of the trust that Su Chenyu, a "cheap brother-in-law", suddenly threw over, Charles Spencer did not let this opportunity slip through his fingers, but tightly choked the throat of fate. Charles Spencer is back on his feet, and this time he wants to prove to the British aristocracy and the world that he is not just "Princess Diana's brother", he is who he is, Earl Charles Spencer!

Not to mention, although Charles Spencer is an out-and-out "playboy", it doesn't mean that he is incapable, you know, Penguin Publishing Group has developed very well under his management. To be honest, this really shocked many people, but they didn't expect Charles Spencer to have this ability, including Princess Diana's sister.

In this way, Charles Spencer is really pitiful, but now it's good.

Because Peter Chenning knew a little about the big boss Su Chenyu and Princess Diana, he didn't know how to arrange it in the face of Earl Charles Spencer, the "uncle of the country". After all, the merger of Random House and Penguin Publishing Group will create the world's largest English-language publishing group, which represents real benefits.

Therefore, for how to arrange the Penguin Random House Group after the reorganization, Peter Chernin specially discussed it with Su Chenyu in San Diego - or that sentence, everyone else can say, how should Charles Spencer, the "national uncle", be arranged?

Since his cheap brother-in-law is capable and manages the Penguin Publishing Group well, there is no reason why Su Chenyu should not praise his own people. Besides, Earl Charles Spencer represents the Spencer family, which is very powerful in the British aristocratic circle, which will be of great help to Random House's large-scale seizure of the British and European markets in the future.

So, after Peter Chening and the three came to London to discuss with Charles Spencer the details of the merger between Random House and Penguin Publishing Group, he made a special appointment to meet this "national uncle". No one knows exactly what the two men were talking about, but when Charles Spencer left the café, he was all smiles on his face, and it was clear that he had gotten the most satisfying thing.

Soon, the merger and reorganization of Random House and Penguin Publishing Group was almost underway, and MGM Group officially announced that Penguin Random House Group was officially established!

The restructured Penguin Random House will be the world's largest English-language publishing company, but in keeping with tradition, Random House and Penguin will remain independent brands. However, Random House and Penguin Publishing Group will completely break down the barriers and achieve integrated integration in terms of resources, copyrights, and channels - otherwise, this restructuring will be meaningless.

Charles Spencer will serve as Vice Chairman of the newly formed Penguin Random House Publishing Group, and will also serve as Chairman and Chief Executive Officer of Penguin Publishing Group UK.

Crucially, and most excitingly, Charles Spencer is that he will be joining the MGM Group Board of Directors on behalf of Penguin Random House, the world's largest publishing group!