Chapter 763 "Appetizer" - Acquisition of ESPN
After getting rid of Steve Kaplan, the former big boss of the "Golden Club", Blackstone's people successfully "hidden" into this striptease club with a mixture of three religions and nine streams, which will become an important "intelligence station" for Su Chenyu in the future.
The most important thing is that after Steve Kaplan's complete "surrender", he actually gave Su Chenyu a big surprise - this product broke out some quite exciting "sex scandals" - all of them are passionate videos of rich tycoons.
Among them, Ted Turner, the "media king" who has been remembered by Su Chenyu for a long time, has a lot of "black materials", to be honest, who would have thought that this well-dressed "media boss" in front of him would have such a "coquettish" side. If this "black material" is leaked, then Ted Turner is completely finished.
You know, if a person has a bad character, and it's a bad thing like a "sex scandal", then Ted Turner's "media mogul" will definitely not be able to do it. If it's just a rumor, or a three-page tabloid interpretation, then that's it, after all, as long as Ted Turner bites himself to death to see a striptease show, everything will rain and clear. However, if Steve Kaplan's passionate little videos are circulated, hehe, under the ironclad evidence, Ted Turner will definitely "die" quite miserably.
Therefore, when Su Chenyu got this "passionate little video", he seemed to have seen that TBS, its CNN TV network, and T-NT TV station had become his "meal on the plate".
All along, Su Chenyu has a dream, a dream to build a "media empire"!
Now, MGM has taken over ABC Broadcasting, Sky TV, and StarTV, and is basically a big player in the media industry — although MGM has not entered print media, everyone knows that it is only a matter of time.
However, although he already has such a "powerful" TV station and TV network, Su Chenyu is not satisfied, after all, in the center of the world's media industry - the United States, ABC Broadcasting Company cannot achieve the level of industry leader. No way, among the three major broadcasters in the United States, ABC is the latest to start, although it has developed very well, but he does not have an overwhelming advantage over NBC and CBS.
The most important thing is that Su Chenyu clearly knows that ABC's opponents in the United States or North America in the future are definitely not only NBC and CBS, but also the upcoming Fox TV Network and C TV Network. Therefore, in order to ensure the position of ABC or MGM Group in the media industry, it must continue to strengthen its strength through mergers.
In this way, TBS has become Su Chenyu's "thorn in the side", you must know that his CNN TV network and T-NT TV are the things that MGM Media wants and needs the most.
If nothing else, let's just say CNN, don't look at him as much weaker than ABC, but in the business of news reporting, they are forced to throw ABC several streets. Therefore, once it eats CNN, it will greatly compensate for ABC's weakness in news reporting. In addition, T-NT TV, a platform that specializes in sports and entertainment, is also needed by ABC - besides, with the huge resource pool of MGM Pictures, you also have to find a platform to "vent".
Therefore, no matter what, Ted Turner's TBS must be won, and Su Chenyu also needs this "media ghost" to help him.
However, before attacking the "big meal" of TBS and Ted Turner, Su Chenyu has to warm up his stomach with an "hors d'oeuvres" - that is, ESPN, the most famous in the sports media industry!
Yes, Su Chenyu decided to get ESPN done first, and then lay the foundation of ABC's super leading position in the sports media industry in one fell swoop.
Well, I forgot to mention that ESPN was originally a television network controlled by ABC, but ABC only has 80% of the shares of ESPN, and the other 20% is held by the Rasmussen family's Heasst company.
This time, Su Chenyu wants ABC to swallow the 20% stake in ESPN.
With 80 percent of the shares, it was easy for ABC to acquire the other 20 percent. After all, as a controlling shareholder, it is not too easy to squeeze a small shareholder out of ESPN.
Moreover, the Rasmussen family is still very good, and when ABC Broadcasting offered to buy 20% of their shares, Scott Rasmussen agreed to the matter without much consideration. Very simply, in this matter, Scott Rasmussen still sees it very thoroughly, a small family of their strength can't compete with a giant like ABC Broadcasting, let alone an even more terrifying MGM group standing behind him.
So, after several rounds of price negotiations, ABC Broadcasting officially turned ESPN into a wholly owned subsidiary by acquiring Scott Rasmussen for a 30% premium of 20% of ESPN.
The entire American media community is not surprised that ABC Broadcasting has taken a wholly owned stake in ESPN, after all, in the eyes of its peers, it is basically a sure thing - it is just a matter of time.
Now, ABC Broadcasting has finally made a move, and it can be regarded as a "wish" for everyone. However, in the eyes of many people, ABC Broadcasting is simply taking off its pants and farting by doing this, it already controls 80% of the shares, and why waste so much money to buy that 20% of the shares?—— it's just too much money and nowhere to spend.
Not to mention, it's really good, Su Chenyu really has a lot of money and has nowhere to spend it, so as long as he can spend it honestly, he can spend it however he wants. Besides, for a possessive man, what Su Chenyu wants is this feeling of complete control, he doesn't like and allows any uncertain factors to exist. Therefore, this determines that every industry and company that Su Chenyu is involved in requires full or absolute holding.
It's still the same sentence, buddy is rich and willful!
Hehe, don't these colleagues in the media think that ABC's wholly-owned acquisition of ESPN is expected?
Well, Su Chenyu decided to give everyone a big surprise right away......