Text Chapter 828 The sad Yomiuri News Group
I believe that I didn't expect to kill the Yomiuri News Group that I would be a sad "Mr. Dongguo" and do something to "lure the wolf into the room".
After selling Nippon TV to MGM, the Yomiuri News Group thought that it had finally thrown off a big burden, and also gave MGM a big favor to MGM, the world's largest media group. However, who would have thought that this "favor" was given away in vain, and it also brought a "catastrophe" to himself.
As for the 5.3% stake in the Yomiuri Shimbun Group held by Nippon TV, to be honest, the Yomiuri Shimbun Group did not pay attention to it at all, because in their opinion, this stake did not make any waves at all. However, the Yomiuri News Group forgot that this time it was not ordinary people who controlled the 5.3% stake, but MGM, the world's largest media conglomerate—and most importantly, there was a consortium dad behind them.
Therefore, this unappreciated 5.3% eventually became the fuse that "destroyed" the entire Yomiuri News Group, and also directly led to a seismic change in the Japanese media industry.
When the MGM Group sent ABC professionals to Nippon TV and took control of Nippon TV as quickly as possible, Ted Turner couldn't help but make a moth.
Although the 5.3% stake only makes MGM Group a small shareholder of the Yomiuri Shimbun Group, it cannot influence the policies of the entire Yomiuri Shimbun Group. But the 5.3 percent stake gives MGM a directorship on the Yomiuri Shimbun board, which is crucial.
As the largest newspaper in Japan, the Yomiuri Shimbun is really quite impressive, and in 1995, the Yomiuri Shimbun had a total circulation of 14.5 million copies in its daily and evening editions. 14.5 million copies, a small island nation in Japan, is a huge number, and the most awesome thing is that the Yomiuri Shimbun's circulation is actually listed by the Guinness Book of World as the world's largest circulation daily newspaper.
Not only that, but the Yomiuri Shimbun is not only the "Yomiuri Shimbun", but also the "non-business" crossover game that is even more awesome - that is, the Yomiuri Giants, Japan's most awesome professional baseball team - it is said that 60% of the fans of the Japanese gang are fans of the Yomiuri Giants.
However, even if this is the case, as long as you want to make trouble, there are things to do everywhere - MGM Group representatives directly attacked the management for inaction at the Yomiuri Shimbun Board of Directors. Well, the point is, you said that the management of the other party is inactive, why don't you say where the inaction is? Anyway, the other party is just a sentence, and you just don't act.
There is no doubt that this Nima is looking for trouble in the open, but what can the Yomiuri Shimbun Group do? Although it only has a 5.3% stake, who makes the family a major shareholder, and it is also the world's largest media company at MGM.
Fortunately, the chairman of the Yomiuri Shimbun Group chose to ignore it, and besides, even if he wanted to, he couldn't refute it, because "inaction" is a "trumped-up" charge at all - it is better not to be hypocritical if you can pick out 10,000 points to attack the Yomiuri News Group.
However, MGM did not seem to be happy after being bombarded by representatives of the Yomiuri News Group once, and after that, he repeatedly bombarded the Yomiuri News Group in public. So, this matter is basically clear, this Nima is simply looking for trouble, after the Yomiuri News Group sold Nippon TV, he actually invited in a "living father" - and it is a "living father" who can't be beaten or scolded.
Although MGM representatives were like flies constantly "buzzing" at Yomiuri News Corporation, thankfully, they didn't do anything too drastic — except for the fact that all of the board's proposals were vetoed, they were at ease.
However, the chairman of the Yomiuri Shimbun Group may not know that this is just a trick, and of course, it can also be said to be a "charge". Behind the scenes, no one can see, Ted Turner's small actions against the Yomiuri Shimbun have never stopped, and MGM has been quietly absorbing shares in the Yomiuri Shimbun Group.
And that's just a small gesture!
In fact, Ted Turner's "small move" is really simple, which is to absorb the shares in the hands of those small shareholders of the Yomiuri Shimbun Group, and each of them has a good stake - 0.3%, 0.7%, 1.1%, etc. are these ant-like small shares. However, don't underestimate these inconspicuous small shares, sometimes they can do big things, after all, it is not uncommon for ants to gnaw and kill elephants.
This time, Ted Turner is going to put on a so-called "ant gnawing elephant to death", even though MGM Group is a giant dinosaur.
For the shares in the hands of these minority shareholders, Ted Turner's methods are simple and crude but quite effective, that is, coercion and inducement, well, of course, there is basically no inducement, almost all coercion.
Besides, Ted Turner and MGM are from the United States, the Japanese master, can't they buy some shares from your group? What else do you have to be embarrassed about? Even the Japanese Ministry of Posts can't manage so much, right? After all, that's the "big financier" of the American father's family.
Under the coercion and lure of Ted Turner, MGM's stake in the Yomiuri News Group soon jumped from 5.3% to 20.7%, which is almost a triple. At this point, MGM Group instantly became the third largest shareholder of the Yomiuri Shimbun Group, and was already qualified to speak out louder on the board of directors.
You know, when MGM only has a 5.3% stake in its hands, MGM representatives dare to directly attack the board of directors and management of Yomiuri News Corporation, but now they have more than 20% of the shares, which is even more unscrupulous.
However, when the news that MGM Group held 20.7% of the Yomiuri Shimbun Group was "exposed" by the board of directors, the chairman of the Yomiuri Shimbun Group could not realize a big problem - MGM was not a good person. The most important thing is that the reason why MGM was able to break into the Yomiuri Shimbun Group so easily was thanks to the help of their Yomiuri Shimbun Group, which was completely luring the wolf into the house.
However, even if they now know that they are luring the wolf into the house, they have nothing to do, and fortunately, the largest shareholder of the Yomiuri News Group has not moved at the moment. As long as the majority shareholders do not move, and the voting rights held by the management are added, there will not be much change in the board of directors and power structure of the Yomiuri News Group.
They are still quite confident in the majority shareholder behind the Yomiuri News Group, which is a real behemoth.
Hehe, there is no doubt that the chairman of the Yomiuri News Corporation does not know that the fact that the majority shareholder has not moved, does not mean that there is nothing going on here?
Yes, the majority shareholder behind the Yomiuri Shimbun Group has absolutely sold all the shares in his hands, but there is no way, it is really the other party's momentum is too fierce - the Standard Bank Group personally sought to buy all the shares of the Yomiuri Shimbun Group from the Dai-ichi Koye Bank consortium.
Yes, the behemoth standing behind the Yomiuri News Corporation is the Daiichi Kokai Foundation, one of the six largest conglomerates in Japan. There is no doubt that for ordinary people, the six major Japanese conglomerates such as Daiichi Quanye are indeed super behemoths that they will never dare to provoke, however, this time, their opponent is an even more terrifying behemoth.
Standard Bank Group, the world's No. 1 bank, has just caused an uproar in Japan - it has entered the Industrial Bank, and together with the original Mitsui Sumitomo Bank, Standard Bank Group has reached the point of "dominating the world" in Japan's banking and financial circles.
The most important thing is that behind the Standard Bank Group stands the "ghost hunter" of X Fund, as well as the super consortium of SS Financial Holdings. Therefore, although the Daiichi Kokuya Foundation is one of the six major consortia in Japan, it does not want to deliberately die, and besides, the Yomiuri Shimbun Group is just a subsidiary asset for the Daiichi Kokutsu Foundation, and it is dispensable.
In addition, there is also a very important one, that is, Standard Bank Group conveyed the intention of Fund X to sell a part of its shares in First Quanye Bank to them. Of course, these shares are certainly not so easy to get, and they also need to help Standard Bank Group do a "hands-on" thing.
However, that thing can be done slowly, but the Yomiuri News Group has to do it quickly, after all, MGM is already ready to send it. As a result, Standard Bank Group reached a purchase agreement with the Dai-ichi Consortium as quickly as possible, taking 38% of their shares in Yomiuri News Group.
With that, MGM acquired a 38 percent stake in Standard Bank Group and a 59 percent controlling stake in Yomiuri Shimbun – completing the acquisition of Japan's No. 1 newspaper – the first newspaper media group controlled by MGM.
After taking control, the rest was quite simple, Ted Turner and Peter Chinin rushed over directly and aggressively swept away all the shares except for the second largest shareholder, and successfully increased their stake to 75%. So far, the chairman of the Yomiuri Shimbun Group, the second largest shareholder, has completely lost control of the entire Yomiuri Shimbun Group, so under the "inducement" of MGM, he finally reluctantly gave up all the shares of the Yomiuri Shimbun Group in his hands.
In this way, MGM officially established a significant foothold in Asia and successfully extended its tentacles into the newspaper media field.
However, this is still the beginning, and then ......