Text Chapter 885 Baidai Records
After reaching an indescribable "PY deal" with Tony Blair, the future prime minister of a corrupt country, Su Chenyu can be regarded as completing the main goal of coming to London this time.
Yes, this time, the reason why Su Chenyu came to the UK in such a hurry was to "stud ha" in the upcoming British general election as soon as possible, and directly bet all on the side of Tony Blair and the Labour Party. No way, although Su Chenyu's cooperation with Major and the Conservative Party is quite pleasant, but the general trend is irreversible, there are too many troubles in this guy during his tenure, and the undefeated election is a ghost.
Therefore, under this general trend, even if Su Chenyu has a good relationship with Major and the Conservative Party, it is impossible for him to rush up in a daze-everyone friends are friends, and interests are naturally interests.
After getting Tony Blair, Su Chenyu was not in a hurry to leave the UK, although the "old friend" Yeltsin was waiting for him to be a "guest" in a hurry, but there was still something to do in the UK.
EMI, EMI, founded in the United Kingdom in 1897, is one of the oldest record labels in the world and one of the top five record labels in the world that year. Although in the future, due to various debt problems, EMI Records finally had to sell itself to Universal and Sony Music, and was divided between the two bigwigs who had the last laugh. However, in today's booming record industry, EMI Records is quite awesome and brilliant.
You must know that in 1994, EMI Records was also awarded by Queen Elizabeth II for its outstanding export performance, which shows that today's EMI Records have a very prosperous life. However, who knew that the Internet would directly kill Baidai and the entire traditional record industry, and copycats and piracy have almost become the death knell for Baidai to perish.
Hey, it's also quite embarrassing to say, in the upcoming Internet tide, if you can't transform to the "Internet +" model in time, basically these traditional companies have only a dead end. Therefore, in the end, only the three major record giants Sony, Universal and Warner survived, who made the capital behind the family strong, and it was very interesting to catch up with the "sports car" of the Internet era.
Su Chenyu's other goal in coming to the UK this time is to buy EMI, thereby inserting MGM into the record industry, even if it is a sunset industry that is destined to slowly die. However, one thing should not be forgotten, these record companies have the most important thing in their hands in the future - copyright.
In the future era of Internet music, after bidding farewell to the early wilderness, music copyright has immediately become a "sweet and sweet", and even the mainland where piracy is rampant has gradually established a copyright payment model, not to mention those places in Europe and the United States with a strong sense of copyright protection.
So, in the huge entertainment empire of MGM Group, the record industry is definitely an indispensable piece of the puzzle.
Of course, although MGM now has its own record label, it is still too small to compare with the scale of these five major record companies. However, one thing has to be said, that is, in the Chinese music industry, MGM's strength is definitely a monopoly, and Su's records almost dominate the entire Chinese record industry.
However, this is of no use, because the Chinese record industry accounts for too small a proportion of the global record industry, and the most important thing is that the piracy here is really fierce and crazy!
However, the record industry may not be able to be played by others, but Su Chenyu is confident that he can play it.
As a result, MGM directly issued a goodwill wholly-owned acquisition offer to EMI Records, directly offering a sky-high price of 3.5 billion pounds - this price is definitely quite high. Although it is a prosperous era for the record industry, and EMI Records is doing quite well, he is really not worth so much 3.5 billion pounds. You know, Microsoft's market value is only how much is now, so why is it worth 3.5 billion pounds?
Therefore, MGM Group's purchase price of 3.5 billion pounds is absolutely full of sincerity.
Hehe, I didn't expect that EMI Records refused MGM's acquisition offer without even thinking about it, which was quite painful. However, since the goodwill acquisition fails, then come to the hostile acquisition, anyway, MGM Group has the support of the capital father behind it, and I am afraid of a wool.
As a publicly traded company, EMI Records has too many places to be attacked, you know, MGM has been lurking in EMI Records for a long time. Now that the skin has been torn, then there is nothing to say, 3.5 billion pounds can swallow EMI Records alive even directly from the secondary market.
Supported by huge cash flow, MGM Group quickly took a 35% stake in EMI Records, and only needed to get a few independent major shareholders of EMI Records, and then eat 15% of the shares - MGM Group could announce its control of the old British record label.
Su Chenyu is still quite confident in getting a few shareholders of EMI Records, after all, the pound is quite attractive. Therefore, as long as the pound is in place, Su Chenyu is not worried about not being able to deal with the shareholders of the company for several generations.
Just when Su Chenyu was busy attacking the shareholders of EMI Records, Su Chenyu never thought that Major and the Conservative Party would stab themselves in the back - the British government actually did not approve MGM Group's acquisition of EMI Company.
Su Chenyu instantly felt that 10,000 grass and mud horses were rushing through in his heart, what kind of rhythm is this Nima? Could it be that some people really desperately want to make the "Prime Minister of a corrupt country" a high-risk industry?
Hey, but Su Chenyu can also understand the approach of Major and the Conservative Party, very simply, the other party is reporting the support given by Chenyu to the Labor Party. There is no way, the Conservative Party is really a little anxious after suddenly losing a "capital father", so they urgently need to make an attitude to show Su Chenyu.
However, what everyone didn't expect was that Su Chenyu and SS Financial Holdings, who had blown up at one point, actually controlled it this time, and what was even more unexpected was that MGM Group rarely announced that it had given up the acquisition of EMI Records.
Nima, this is really big news, this is even more shocking than the successful acquisition of EMI Records by MGM Group......