Chapter 889 - There Are No Impermeable Walls

When the various media invited by the Korn Ferry Group went to Tokyo again, Goldman Sachs was not idle.

Media in the island countries, including well-known media outlets such as the Asahi Shimbun and Yomiuri Shimbun, received invitations to the signing ceremony.

Although Goldman Sachs did not specifically guide the content of the signing ceremony on the invitation letter, the media of the island country still picked up the matter of Goldman Sachs' transfer of Sanyo shares.

As the head snake of the land, these island country media have their own news sources in major companies, such as the news of the acquisition of three things, and it is estimated that it is difficult for the news media of the Celestial Empire to obtain news from island country enterprises in advance.

However, it is not the same for local enterprises in island countries.

This principle is also true in the Celestial Empire.

For example, if a foreign company wants to acquire a large enterprise such as Lenovo or Warwick, perhaps the investor's domestic media has a very limited understanding of the progress of the acquisition, but once the local media of the Celestial Empire are interested in this matter, there must be a way to get some information.

Now the acquisition of Sanyo by the Korn Ferry Group is actually a similar reason.

The island nation of Yahoo first released a flash news on April 22: Goldman Sachs will transfer its stake in Sanyo, and the agreement will be signed tomorrow.

As the largest Internet portal in the island nation, the information about the acquisition of Sanyo by the Korn Ferry Group began to be exposed from Yahoo, which is expected.

Yahoo is a joint venture between Japan and the United States, which is controlled by SoftBank Corporation, which is owned by Masayoshi Son. Yahoo owns 34% of its shares, 15% of its capital comes from the stock market, and Son owns 51%.

In April 1996, Masayoshi Son's SoftBank Company invested $72 million to set up the island nation of Yahoo together with Yahoo Global, which had only been established for two years, with SoftBank accounting for 51 percent and Yahoo Global 35 percent.

The following year, the island nation Yahoo went public.

In 2004, the island nation of Yahoo was worth $50 billion, compared to $33 billion worldwide.

At its peak, the price per share of the island nation Yahoo even exceeded 1 million yen. Its every move has had a huge impact on Yahoo worldwide, for example, in the 12 months from 2003 to 2004, Yahoo's stock price rose by $25, and perhaps $19 of that went to the Yahoo island nation.

Supporting such a high market capitalization, in addition to the appeal of Masayoshi Son himself, the island country Yahoo's position in the island country's Internet market and its good revenue situation can be said to be the first place.

During the period from 1999 to 2004, the profit growth rate of Yahoo was 60%, while Yahoo's global profit growth rate was only 14% in the same period, and in the fields of online auction, search, portal, broadband, wireless value-added, and online banking, Yahoo was in the No.1 position in the island country, and these markets are either the most profitable markets on the Internet so far, or one of the most potential markets in the future.

Such an influential enterprise must have abundant channels.

In the same way, his influence is staggering.

If the first short message released by Yahoo only announced that Goldman Sachs sold Sanyo shares, and the people of the island country did not have any reaction, Yahoo released a short message that night saying that Sanyo Group would be acquired by Celestial Enterprises, which caused a huge response from netizens in the island country.

"Nani, I'm not misremembering the date, April Fool's Day has passed. ”

"Sanyo, is the company that has accompanied me from childhood to adulthood really over?"

"Why, who can tell us why such a company that has been established for sixty or seventy years was actually acquired by the Celestial Empire Enterprise?"

"yes, it's so uncomfortable!"

"I'll give you a quick overview of the business, but in fiscal 2004, Sanyo had a deficit of 171.5 billion yen. Sanyo received 300 billion yen in aid from three financial institutions, including Goldman Sachs, Sumitomo Mitsui Banking Corporation, and Daiwa Securities, for the reconstruction of the company, but Iue, who founded Sanyo Electric Co., Ltd., was stripped of his management rights, and Iuetoshi, who had been president and chairman of Sanyo since 1986, was ousted at the shareholders' meeting and was only left as a director.

Goldman Sachs and other major shareholders of the United States, who control Sanyo's management rights, have hired some management experts to form a new management team, but the new management team is dedicated to reviving Sanyo's industry, while investment funds hope to process Sanyo's cake and sell it in pieces in pursuit of the highest investment profits. This conflict of goals and interests between operators and investors has led to the fact that Sanyo Electric has been in a difficult situation in recent years.

It can be said that the acquisition of Sanyo was an inevitable result, but I did not expect it to be acquired by a Celestial Empire enterprise. ”

"Sanyo has been losing money, and I can understand that it was bought by someone, but why not Sony, not Panasonic, not Mitsubishi to buy Sanyo?"

"Yes, yes, it's not that Sanyo and Panasonic are one, where is Panasonic at this time, where is it?"

The founder of Sanyo Corporation is Toyo Inoshi, who is not only the brother-in-law of Konosuke Matsushita, the founder of Matsushita Electric Corporation, but also one of the founders of Matsushita Electric, who was the managing director (equivalent to vice president) of Matsushita Electric before founding Sanyo Electric.

In 1946, when the island country was in ruins after the defeat of the war, Isuki left Matsushita Electric and started his own business. Mr. Matsushita gave him one of his factories, which became the parent company of Sanyo Electric.

Therefore, until now, the distance between Panasonic Electric headquarters and Sanyo Electric headquarters is only 2,000 meters. Because of this, for a long time, the employees of the two companies lived together in the same apartment building, and the Panasonic kindergarten had the children of Sanyo employees. There are even quite a few families where the husband works at Panasonic and the wife works at Sanyo.

It's no wonder that so many netizens think of Panasonic.

"A company of 100,000 people has been acquired by the Celestial Empire Enterprise in this way, is the tomorrow of the island country really over?"

"Why are Daiwa Securities and Sumitomo Mitsui Banking Corporation willing to sell their shares to a Celestial Empire company?"

"Why is there no bank willing to lend to Sanyo?"

……

When Yahoo began to report the news of Sanyo's acquisition by Celestial Empire Enterprises, the news spread rapidly on the Internet of the island country.

At first, it was just comments from various netizens on the page of Yahoo Island, but gradually some people began to repost them on social media such as the school intranet and Twitter, which caused a lot of comments.

One belt two, two belt four, and by the next morning, basically half of the people in the island country knew that Sanyo was going to be acquired by the Celestial Empire Enterprise.

And at this time, the media of the Celestial Empire finally reflected.

Of course, everyone's first reaction when they heard the news was: It can't be a translation error, right? Is it the United States or some other country translating the Celestial Empire?

But after a little investigation, it was found that this was not the case at all, and the news of the acquisition of Sanyo Group by the Guanghui Group has spread all over the Internet in the island country.

(End of chapter)