MGM's acquisition of TBS was definitely a pretty big deal, so to speak, and it directly stirred up the media industry in the United States and around the world.

Yes, don't look at TBS's position in the American television media industry is a little embarrassing, far less than ABC, NBC, CBS and Fox TV network, but no matter how you say it, it is also the fifth "media giant".

The most important thing is that none of this matters, and the most important thing is that MGM, which bought TBS, already owns ABC Broadcasting, one of the three largest in the United States. Now that MGM has taken TBS into its arms again, it almost means that they are unstoppable in the TV media industry — even CBS and NBC will not be their opponents, let alone some of the smaller broadcasters.

Especially in the field of sports television media, MGM Group has almost reached a dominant position - ESPN under ABC Broadcasting and T-NT under TBS, the "combination" of the two can kill almost all sports media in the United States.

Fortunately, because the monopoly of the sports media industry is difficult to define, the US government did not conduct an anti-monopoly investigation into this acquisition, and if it is responsible, it may not necessarily be the result. Of course, there will definitely be some gray PR in this, otherwise, do you really think that Su Dashao's annual political donations to the donkey elephant and the two parties are a joke?

If Su Chenyu can't see tangible benefits, do you think he is stupid? These political donations need to play a key role at a critical moment. Otherwise, once the U.S. Department of Justice initiates an antitrust investigation, even if Su Chenyu can fool the past, it will take a lot of effort. However, now that the fool has passed, who dares to bring up the old things again in the future to trouble the MGM Group, then this huge "interest group" will make some people have a good talk with God.

With the current strength of MGM Group, relying only on itself and not relying on the two "capital fathers" of Tianchen Fund and SS Fund, they can make their voices heard in the political and business circles of the United States. This is really not bragging, Wall Street is very powerful, but they sometimes need the support of the media, although it is not obvious now, but after the "impact on Wall Street" happened in the future, Wall Street became more and more dependent on those media giants.

This is also the reason why Su Chenyu has made great efforts to build his own media empire, in a word, the power of public opinion is definitely not to be underestimated.

However, due to the restrictions of US law, MGM Group cannot enter the paper media industry for the time being, but this does not prevent him from entering the publishing industry - for example, Random House, which has always had a grudge against him, it is time to resolve the "small contradictions" between the two sides.

Speaking of which, this was a long time ago, when Su Chenyu threw "Harry Potter" to Random House, but unfortunately, it was cruelly refused. As a result, Su Chenyu, the "villain" who must repay him, has always kept Random House in the "small book" in his heart, ready to give this goods at any time. You must know that Penguin Press, which fiercely rejected Su Chenyu after Random House, has already paid a heavy price for its mistakes, and now it is time for Random House to take that knife.

From a long time ago, Su Chenyu ordered Tianchen Fund and X Fund to pay close attention to the situation of Random House, just to find the opportunity to "kill with one blow". Now, the time has come for this "one-hit kill", and after the previous year's losses, this year's Random House has made persistent efforts, not only continuing to lose money, but also increasing the magnitude of the losses suddenly. Of course, losses are not terrible, after all, every company has lost money, but the terrible thing is that the major shareholders are not optimistic about the company and are ready to sell their shares on a large scale.

So, Su Chenyu's opportunity came!

Founded in 1927 by Bennett Cerf and Donald Kloppfer, Random House has become the largest book publishing company in the United States for nearly 70 years. However, although Random House has grown, the descendants of Bennett Cerf and Donald Klopf do not have much of a stake in them. Think about it, after so many years of changes, with the entry and exit of capital, how can the two founders of Random House, which has been listed, have long become someone else's "meal on the plate".

Still, Bennett Cerf and Donald Klopfer left a small stake for their descendants, with the Cerf family owning about 8% of the shares, while the Klopfer family only had about 5% of the shares. As for the other shares, in addition to the shares listed and circulating, some of them are in the hands of the management of Random House, and the largest part is in the hands of those capital predators.

Among them, Wall Street investment bank Bear Stearns is the largest shareholder of Random House, they own about 35% of the shares, but they do not participate in the specific operation of the company, only make financial investments. Therefore, after seeing that Random House has lost money for two consecutive financial and accounting years, and this trend of loss seems to be likely to continue, the stock price has fallen again and again, and Bear Stearns decisively decided to cut his position and hedge his risk.

After all, even if Bear Stearns now sells his shares in Random House, he can still make a lot of money, and in the investment industry where "risk control" is greater than the sky, nothing is more important than hedging - you can not make money, but you must not lose money.

In this situation, Bear Stearns urgently needed to find a powerful and "brainless" receiver, so MGM Group appeared so suddenly. To tell the truth, when MGM Group approached Bear Stearns to make an offer to buy Random House, Bear Stearns was a little confused - was he dazzled? Or did MGM make a mistake?

Soon, it turned out that it wasn't Bear Stearns who was dazzled, and it wasn't MGM that made a mistake, but that it was really the case — MGM really wanted to buy their stake in Random House.

Although he secretly laughed at MGM Group in his heart for being lost by the success of the acquisition of TBS, since someone came to take over, there was no reason why Bear Stearns should not take the opportunity to get out. As the saying goes, dead friends don't die poor, besides, Bear Stearns feels that he doesn't seem to have any friendship with MGM Group.

Therefore, without saying a word, Bear Stearns quickly opened acquisition negotiations with MGM Group, one wanted to sell quickly, and the other wanted to buy as soon as possible, which was really a "match made in heaven". With little to no intense negotiations, Bear Stearns and MGM Group reached an agreement almost as quickly as possible, with MGM buying Bear Stearns' entire 36.8 percent stake in Random House for less than $200 million.

However, although MGM has negotiated everything with Bear Stearns, it has been delaying the signing of a formal acquisition agreement, which is a headache for Bear Stearns - I am afraid that MGM Group will regret it.

Hehe, I have to say that Bear Stearns really thinks too much about this, and there is a reason why MGM Group has been delaying signing a formal acquisition agreement with them. It's very simple, because X Fund, Tianchen Fund and other investment companies under SS Financial Holdings are frantically sweeping Random House in the stock market, if the news of MGM's entry breaks out at this time, then it will be necessary.

Therefore, MGM Group is waiting, waiting for the good news of the "brother troops", once the tradable shares over there are almost acquired, then this side can officially take the 36.8% of the shares into its arms.

didn't ask everyone to wait, and soon, the total shares in the hands of the "brother forces" such as X Fund and Tianchen Fund had exceeded 30%, which means that as long as MGM Group succeeded, it could complete the "one-hit kill" of Random House.

After receiving the good news from the "brother forces", MGM Group informed Bear Stearns that it was time to sign a formal acquisition agreement, which finally made them breathe a sigh of relief. You know, recently, the stock price of Random House is like taking a laxative, and it keeps falling, there is no way, who makes the performance too bad. Therefore, Bear Stearns is afraid that MGM Group will regret it, after all, based on the current stock price of Random House, the negotiated transaction price is far exceeded.

Fortunately, MGM Group is still very interesting, and it did not lower the price, and successfully completed this seemingly "nonsensical" acquisition with Bear Stearns. So, Bear Stearns finally put his mind at ease, and MGM finally put his mind at ease - the two sides met head-on, said "stupid" to each other, and then turned away.

However, soon, a powerful news shocked many people!

MGM announced that it has increased its stake in Random House to 67 percent, giving it complete control of the largest publishing company in the United States. I have to say that this news is shocking enough, just a few days ago from Bear Stearns 36.8% of the shares, and now directly owns 67% of the shares - there are no ghosts in this, there are ghosts.

However, it didn't work, and the SEC didn't show the slightest suspicion about the acquisition, as if it seemed to them to be just an ordinary acquisition. In fact, this is an ordinary acquisition, but the two parties who acquire and are not ordinary are not ordinary.

Besides, the matter was not over here, and MGM soon reached an agreement with the management of Random House to acquire their 15.3% stake at a "high price" of 30% - by this time, MGM already had an 82.3% stake in Random House.

The next thing is clear, with the usual bad behavior of MGM, there is no doubt that it will definitely seek 100% of the shares to be privatized!

In fact, it is......