Chapter 164 Acquisition of Marvel
Logan likes to talk to Meghan very much, Sophia is so elegant and graceful, but the shot is not so pleasing to the eye, and the pressure is not ambiguous at all, which makes him, an old fritter who has been on Wall Street for many years, feel a lot of pressure.
Logan and Larry are old friends, and their common hobby (chasing beautiful women) makes them often go to parties and attend events together, but in terms of capital, Logan is not as good as a year, and Larry is growing day by day, and his assets have changed from flat in the nineties to a tenfold gap, and even the trust fund assets in the names of brothers David and Meghan are not under all his assets.
Logan thinks that the young Megan is easier to deal with than the strong woman in the mall, and the fact is that Megan raised the offer to 700 million, which made the gap between the two sides a lot closer, but the gap is still huge.
But Megan is not as polite as Sophia: "If you don't take 700 million, you have to hold it in your hands and transfuse it every year, which is not a wise choice." β
Logan said: "Actually, you don't have many choices, only DC can be compared with Marvel, but it is impossible to sell Warner's DC, so we have become your only choice, you are willing to make an offer of 700 million, which shows that you see the value of Marvel, see his important value to you, Marvel is a treasure trove." β
Even though she is a niece, it doesn't prevent him from knocking hard, which is called business, even if Larry comes.
Megan said: "Maybe, even so, this is like an oil field buried in the deep sea, not something that you small companies can exploit, Marvel has been in your hands for fifteen years, I believe that at most it is to break even, although you are a business wizard, but you can't make a big Marvel, it's also a fact, just like you can't make a big woman who has no fertility." β
Logan was quite angry, why is this girl so aggressive and speaks so ugly? I am your elder anyway, Logan said: "We established Marvel Studios, preparing to enter the film and television industry, and put our superhero blockbusters on the big screen, I believe your purpose is the same." β
Meghan said: "What is the most important point in Hollywood? is rich, can afford to lose, this is how to play, you have seen the big sales of "Spider-Man" and "X-Men", you should not ignore the huge loss of "Hulk" and "Daredevil ", the success of "Spider-Man 2" is 292 million, if you lose, can you Marvel afford it? I'm afraid that I'm going to go bankrupt and liquidate again, and more importantly, according to your past bad record, it should be difficult to find a partner, which means that you have to prepare hundreds of millions of funds on your own, and you should understand the risks. β
The original version saw that "Spider-Man" and "X-Men" were selling well, others ate meat, and they ate their own soup dregs, Marvel was jealous and envious, they used their superhero version as collateral, borrowed 500 million funds from the bank, created their own production and publicity distribution channels, and hooked up with Paramount to be responsible for distribution, desperate, fighting against the water, and striving to create "Iron Man", which was a success in one fell swoop, and the salted fish turned over and entered the era of hanging.
Now that Marvel Studios has been established, "Iron Man" is also on the agenda, the president of Marvel Studios even plans to invite the recently popular Nick Cassavi as the director, and the funds will be mortgaged by superhero copyrights, but this proposal is considered too risky by the bank, categorically refused, and asked to repay the loan, which is the only option left, several major shareholders pay for it themselves, such a risk is too great, Logan doesn't know if Stan Lee and Aland will agree, but he himself does not dare.
Selling Marvel to cash out is also an option, but the other party's offer is not satisfactory to him, MM has a lot of money, but people are not stupid, Logan even suspects that the bank refuses to lend, Sophia plays a key role, not only can they not borrow money, but they will also be collected, the other party is ready to deploy and prepare to annex Marvel, these Rogan are a little angry, play these small means that I played ten years ago, I Logan is the ancestor of playing this area, no matter who wants Marvel, you can only buy it from me and give me a satisfactory number.
This time it was the negotiations that broke up unhappily.
Soon Rogan received a call from Larry telling Rogan that he had a batch of Revlon stock in his hands, and he was ready to sell it for cash, and if Rogan was willing to buy it, he was willing to sell it at the same price, and if he sold it, it would cause Revlon's stock price to plummet and everyone would lose.
This is the life of Logan, he has no interest in knowing when Larry holds Revlon stock, but if the other party sells, the consequences are unimaginable, he has to work hard to stabilize the stock price, and the other party is the second pressure.
Logan had no choice but to convene a shareholders' meeting to discuss the plan, most of the shareholders intended to sell their shares to cash out, only the old stubborn Stan Lee and Aland did not agree to sell, in this way, they can only sell about 80% of the equity, but Rogan also learned a trick from Stan Lee and them, MM spent a huge amount of money to buy Marvel, it is definitely not for fun, MM is very good at making movies, why not take the opportunity to take the big ship of MM?
Rogan contacted again and proposed to sell 40% of the equity in his hand, and the two sides formed a joint board of directors to jointly take charge of Marvel, and then raise funds to shoot "Iron Man", Logan's wishful thinking sounded, MM Pictures This kind of film company Hollywood is more, what is really different is that they have two big backers, banks and Oracle, and after everyone becomes a partner, it is equivalent to sharing this advantageous resource in some aspects, and it will not be difficult for his company to take loans and financing in the future.
However, Meghan directly refused, on the grounds that there was no record of profitability in all the projects with Rogan, which Revlon and Marvel introduced Logan to the board of directors, and finally turned the company into his own, and made the two companies into a miasma, with a large market capitalization, both shareholders and shareholders are full of complaints, this tycoon who is called a careerist is not a good partner, or famous for selling teammates, just when Meghan lobbied Larry for this project, Larry warned Meghan: " My friend of wine and meat is not a good man and a woman, and he can sell and buy with a hammer, but he must not cooperate.
Mark's attitude is the same: "I don't want to sleep and keep my eyes open!" Mark is busy putting out fires, filming "Batman" to play women, Meghan has not been idle, she is working hard for the acquisition of Marvel, in order to facilitate work, she flew to the Oracle branch in New York, commanding and dispatching everything nearby, and there are more than a dozen acquisition teams composed of financial accounting lawyers to provide her with legal and strategic support.
And their acquisition strategy is not only to keep increasing the offer, so that Logan is satisfied with this plan, they have formulated another extreme approach, short Marvel, force it to go bankrupt, and then buy it from the bank, now they have done a good job in the early stage, if necessary, they can make a move, after careful research, Meghan also found a point, this Marvel is really a treasure trove in terms of MM, what does Disney rely on to make it big, it is IP! With the acquisition of Marvel, MM can also create its own IP, so as to become bigger and stronger, so now for Marvel, she is also determined to win.
Meghan said: "For Marvel, I am very interested, but to get Marvel, there is not only one way to ask you for a price, you are also an M&A expert, you should know that when you have a lot of resources at your disposal, you can have many options, I am satisfied with your rough and extreme style in the past, and my team is also ready." β
Logan said, "I heard the threat?"
Megan said: "It's a kind reminder, if there is malicious intent, what you should hear is the news that a large number of stocks have been sold off and banks are forced to pay debts." β
The mall is a big fish eating small fish, Logan is also a believer in this creed, the fish targeted by the predators, basically no good results, he was less than 3 billion net worth, the acquisition of Revlon with a market value of 10 billion, this is the world's famous war, now the situation is reversed, it is his turn to become the prey, this taste is not good, the other party is a person he knows, he knows how terrible it is for the other party's financial resources to be converted into force, he also understands a little, the other party's offer is good, has reached a premium of 30%, but just like this, he is unwillingγ
Logan said: "I want you to make an offer of 800 million to buy 80% of Marvel's equity, and the other 20 percent, you can talk to Stan Lee and them." β
Megan said: "That is, the total purchase price will be one billion!"
Logan said: "Without a billion, I would never sell Marvel." β
Meghan said: "I can raise the total offer to 800 million, if it is only sold 80%, it is 650 million US dollars, this is the final offer, I also believe that we are the highest bidder on the market, much higher than Viacom's 500 million, and we pay in cash, a one-time payment." β
"Billion!" Rogan insisted and said, "I have estimated that the success of your forcible acquisition will not be lower than this calculation, why don't you write a large check and end this acquisition war at once?"
Since MM asked for the acquisition, he has been inclined to sell, and he no longer cares about taking risks to prepare funds to shoot "Iron Man", if he has 800 million cash in his hands, his life will be much better, if the price is lower, he would rather die than sell, and now he understands the mood of the companies he forcibly acquired, except for a better offer, there is no other way.
If it is all acquisitions, one billion will be one billion, and there will be 20 percent of the equity, which makes Meghan a little unhappy, her acquisition team has contacted Stan Lee and him, they swear to live and die with Marvel, and they will not sell anything, that is to say, they can acquire up to 80 percent, and then transfer it to MM, divided into several parts, the root is not enough, she said: "800 million is all the offer, if the good faith negotiation fails, I do not rule out the possibility of a hostile takeover." β