Chapter 645 Planning

It's not surprising that Richard is supportive, Martin is a master at buying and selling, but he is quite impatient with running a business.

Taking off the crown pearl like Time Warner, just collecting it, not letting it shine, standing still means going backwards, which is not in the interests of these shareholders, but he has the most equity, no one can compete with him, maybe let Mark take over, it would be a good choice.

Barry was also shocked, and he asked, "Will the FTC agree? ”

The change of more than 3.9% of the equity of listed companies must be reported to the Securities Regulatory Commission, the Wang family is a media family, first MM, and then Time Warner, they will become the largest media Tothla in history, and the current federal law will not allow such a company to appear.

David said bluntly: "We will register more than a dozen offshore companies to control this equity, it is a financially independent subsidiary of the Wang Family Fund, it will bypass the provisions of the Para Family Act, Richard, Barry, I want you to be clear." ”

Richard said: "Will Mr. Davis stop trading because of our objections? and I have resigned from the board when my term expires in May next year. ”

"This is a critical time, and we want to have the support of management and guarantee a smooth transition, and you will receive a check that you are happy with when we successfully take over Time Warner," Sofia said. ”

Richard and Barry exchanged a look, money can make ghosts grind, money is easy to do, Richard said: "I have served Time Warner for 30 years, I want him to be stronger and better, what do you think of Barry?"

"I've worked with Barry for many years, he's a big-picture guy and I'm very capable, and if I can, I'd like him to take your place, which will be in the interest of all of us," Mark said. ”

Richard was pleased with this, saying, "But the board people are more inclined to Liszt. ”

"It's important that we trust Barry," Mark said. ”

"Thank you very much! I won't let you down. Barry sighed in his heart, when he first saw this young man, he was the object of the other party's admiration, and now the other party is the object of his admiration, so to speak, his boss.

Barry has a stake in Time Warner and can also be called one of the shareholders, but compared with Mark, it is not enough at all, in front of Mark, he can only be regarded as a wage earner.

Mark said: "I will not treat you badly, so far, the people who have worked with us have made a profit, and there is no record of cheating allies, and we will give it a new rejuvenation when we take over Time Warner." ”

Barry said, "Cheers!"

Everyone said in unison: "Cheers!" Only when there is a consensus in this small circle can the rest of the work be carried out, and in all mergers and acquisitions, it is very important to get the support of the management, and often can get twice the result with half the effort.

So Mark is not stingy with money, buy and win them over, make them a help, Time Warner is a merger and acquisition, the Wang family fund may have so much money to buy it, but it can't find so many people to manage it and run it, Time Warner has 130,000 employees around the world, a real old multinational company.

Buying and winning over Time Warner's management is the first step to successfully controlling it, of course, 10% of the equity is not control, but after owning 30%, it will be different, and they will reach this amount sooner or later, so now it is deployed in advance.

The advantage of their gradual increase in equity is that they don't have to file with the FTC in the first place, and it's not a big merger, it's an inside-out change of equity, and it doesn't start with fierce opposition from them, and by the time they do oppose it, it's too late.

And they will lobby Congress, and they will lobby the relevant departments to agree to their plan.

Now the first step is to formally apply to the Securities and Futures Commission for filing, and if they get the consent, they can sign the deal, which is a formality, and there is no sign that they have the ability to control Time Warner and become its owner, and there is no monopoly.

Coupled with the fact that the Wang Family Fund has sent a professional public relations team to lobby and target the authorities in the relevant departments, it will be approved soon.

At this point, Mark decided not to hide it anymore, and he couldn't hide it, so he invited the other three giants of MM to come to New York to spend the week, and by the way, he informed them of the incident.

Iger and David were shocked, and Iger said, "What, you're going to invest in Time Warner, it's so surprising, is this duplicating work, and we're competitors, it's going to complicate our relationship." ”

"My plan is for us to form a bigger alliance that complements each other and grabs more market share," Mark said. ”

David (Ellison) exclaimed: "Attack Time Warner again, you guys are really rich, how much money do you have to use for all this?"

Mark said: "We are expected to use $25 billion to eventually hold 30% of Time Warner's equity and become the largest controlling party, and Martin will sell it to me at market price, I have no reason to refuse?"

Iger exclaimed, "The market price, and there are no strings or conditions or requirements?"

"That's why it's hard to refuse, it's an opportunity for all of us," Mark said. ”

"It's so much information, I need time to digest it. This is a big deal for Time Warner, and it is not a big deal for MM, which means that in the future, Mark's attention will no longer be focused on MM, and there will be a lot of time to be poured into Time Warner, which is even a big event that affects the Hollywood landscape, Mark is likely to become the first person to control the Big Three, which brings pressure to other companies is visible.

Opponents will definitely apply for an antitrust investigation, and even MM will develop countermeasures to deal with it.

MM will not oppose this plan, with Megan's relationship with Donald, she will be the direct beneficiary, and David is Mark's little henchman, never veto anything to Mark, the place where the meeting is held today is the Ellison family's manor, it is impossible to say that they have not had a little wind in advance.

Egger and the others no longer had the intention of taking a vacation, and immediately convened a meeting of the Eight Heavenly Kings to discuss the possible situation.

Mark, on the other hand, is on vacation, he is only a strategist, not a specific executor, and someone will execute the details.

They have set up a special committee, consisting of Mark, David (Wang), Sophia, Richard, and Barry, to be responsible for the strategic planning of the merger and acquisition.

Mark was in charge of communication and liaison with the Davis Fund, where he had a lot of influence, and many of the Davis Fund members flattered him as the crown prince.

David is at his foundation and law firm, and Richard and Barry have drawn a large number of capable people from Time Warner to form an acquisition team for them to use, and they even have their own camp, which is the Upper East Side estate borrowed from the Ellison family, which has all kinds of professionals and a large number of armed men, and Mark has 200 million cash in cash here, which is used for the public relations expenses of this merger and acquisition.

Public relations expenses are nicely said, but they are actually bribery, money can make ghosts push ghosts, and more money can make ghosts push ghosts, and this green dollar bill is a sharp weapon for lobbying.

And at this point, they have too many media resources, and for many people, there are many places to cooperate, and the key is to negotiate the price.

Looking at the mountain of dollars, Richard said in high spirits: "It's easy to do things with money." "Richard has deep connections in Washington, and the last time Mi Guo Online acquired Time Warner, he was responsible for lobbying the government, which was a super merger and acquisition case of 350 billion yuan, which made him use money to fight a bloody way, and successfully made Washington nod.

Now, even if the Wang family acquires Time Warner, it is only about $30 billion, but it is more monopolistic, keeping other competitors in the industry awake at night.

Whether it is MM or Time Warner, they are the top giants in the media industry, one of the six mountains in the entertainment industry, they are the leaders of the industry, and now they complement each other, it is not an exaggeration to say that they occupy half of Hollywood, there has never been such a giant in the history of Hollywood, and the pressure on other giants is great, whether it is peers or the government, they will not want such a behemoth to appear.

Of course, they will not come openly, but will manipulate several offshore companies to control the equity, but their peers and Washington are not stupid, they will try their best to prevent this transaction, and when the Wang Family Fund reports to the Securities and Futures Commission, they will come forward to stop it.

There are three ways to do this: one is to persuade Time Warner not to sell, which is not good, and Davis is notoriously arrogant and disobedient.

The second is to cut off the other party's financing channels, which is a bit difficult, they have the support of the bank family, who can cut off their financing channels?

The third is to get the government to reject their deals, which is more reliable.

At that time, the United States Online acquired Time Warner, which was a ghost of the opponent, so that the Federal Trade Commission did not approve their application for a long time, coupled with the accounting fraud scandal, and even more tragic was the Internet technology bubble, so that a generation of heroes Case could not smoothly control the board of directors, integrate the resources of the two major groups, and finally lost money, and the largest merger and acquisition in financial history became the biggest tragedy in history.

"Convincing the FTC to nod is key, but even if they agree, the adversary can still monopolize the case, and they won't win easily, but they will stop delaying us," Richard said. ”

Mark said, "You must have a way, right?"

"We should first enlist support at the legal level, and after it is not a monopoly in law, the people in the Federal Trade Commission and the Antitrust Bureau of the Department of Justice will not be able to judge and delay," Richard said. ”