Chapter 504: Cash Transactions
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Miramax is located on Melrose Avenue in Hollywood, and the main building is a blue "sè" glass building with a stepped appearance, with 12 floors at the highest point and only four floors at the bottom. biquge.info Although the floor is not high, the area is not small, all kinds of rooms and equipment are complete, and the greenery around the building is not bad, and the trees are shady.
Chen Kangjie After they had breakfast, they came to this company neatly, the communication in the early stage was almost the same, and now there is only the final price competition, and there are three companies that ask to buy, Japan's Sony Entertainment, Walt Disney and Feiyang Entertainment. Miramax wants to buy as many companies as possible so they can raise their prices.
Although there are three companies bidding, only two of them are the most wanted to buy, Feiyang Entertainment and Sony, for Disney, Miramax is not that important, they are dispensable, of course, if the price is right, they don't mind increasing the strength of the company.
The Weinstein brothers were very enthusiastic about Chen Kangjie's arrival and personally greeted them at the intersection outside the company building. The two brothers look very similar, both have beards, the elder brother is slightly taller and slightly fatter, and the younger brother is a little thinner, in his fifties, and the elder brother's hair is a little "huā" white.
"Ladies and gentlemen, sir, welcome to Miramax, oh, Miss Fan, Miss Li, we meet again", Chen Kangjie As soon as they got out of the car, Big Weinstein took Little Weinstein to greet him, and his tone seemed to be very familiar with Fan Wenxuan and Li Li. In the early stage of communication and contact, Fan Wenxuan and Li Li were sitting, and they had more contact with the Weinstein brothers, so they would naturally be more familiar.
"Mr. Weinstein, long time no see, are you alright? Let me introduce to you, this is Mr. Ouyang Zhenhua, the president of our Feiyang Entertainment Upstream Holding Company, he attaches great importance to our cooperation, so he came in person", Fan Wenxuan stepped forward to greet Big Weinstein and introduced Ouyang Zhenhua's identity.
"Mr. Ouyang, welcome, welcome, I hope that your arrival will bring our cooperation to a happy ending", Big Weinstein is worthy of being a veteran in the mall, and his words are very satisfying and subtle.
"Mr. Weinstein, I also hope so, we are very sincere, there are investment and M&A experts in our team, I hope we have a happy cooperation", Ouyang Zhenhua shook hands with Weinstein respectively, and also expressed his attitude, in fact, his implication is that we are sincere in cooperation, but the premise is to be reasonable, otherwise why bring investment experts and merger experts.
"Okay, let's show you around the company first, and then we'll talk in the conference room", after greeting each other, Big Weinstein wanted to show the strength and value of Miramax first.
"Thank you, it's an honor, please", Ouyang Zhenhua stretched out his hand politely.
From beginning to end, there was nothing to do with Chen Kangjie standing in the crowd, no one introduced him, and no one paid attention to him, just like Ouyang Zhenhua's many entourage.
Walking into the Miramax company, the operation was going on normally, and the company did not want to merge, so it went out of business. Although the leaders are the Weinstein brothers, it is not the two of them who are responsible for explaining, but the company's vice president, Jon. Gordon.
When visiting the company's honor room, the walls of the small honor room are hung with various award certificates and medals, all of which were won by the films shot by Miramax Company, and on the wall Chen Kangjie saw the 1979 "Apocalypse Now" and the 1991 Chen Long brother's blockbuster "Flying Eagle Project", although this "Flying Eagle Project" was filmed by Golden Harvest, but the North American distribution was Miramax Company.
The company is basically based on small-scale films, so many of the movies on the wall have not been seen or even heard of, but there are indeed many Oscar-winning statuettes lined up in the corner window, and their famous "Shakespeare in Love" and "The English Patient", "Chicago" and so on have not yet been filmed at this time.
After visiting the honor room, we went to visit the shooting equipment room, the reference room, and the copy room. Miramax's copy room is a bit like a library, with hundreds of films produced by the company on stainless steel shelves, which are treasures, and whoever owns them has to pay them when they are cited. Chen Kangjie even thought that if he had the opportunity, he would take these films to China and screen them for free. Jon. Gordon's explanations were so detailed that he could tell pretty much about the filming and distribution of each film.
It's very interesting, none of these movies have an investment of 50 million US dollars, and even a few of them exceed 20 million US dollars, and the box office is not high, all of them are between a few million US dollars and one or two million US dollars, and there are no hundreds of millions, but most of them have not lost money, at least they are capital protected. It is estimated that this has attracted some interest from Disney, from here, it is not these movies that Kang Jie sees, but the talents behind these movies, as long as there are talents, then there will be a qiē.
The whole company walked up and down, and it took almost an hour for the group to return to the conference room on the fourth floor to get into the theme.
On the side of Miramax & Co., except for the Weinstein brothers, Jon. Gordon, as well as Scott, vice president for external affairs, and Harvey, director of manufacturing.
Chen Kangjie didn't have a good impression of the Weinstein brothers, but he didn't have a good impression of the last three, especially Jon. Gordon and Scott, one of them later served as the co-president of the system department of Universal Company, and the other served as the chairman of American Pictures, both of which have achieved good results, as for Harvey, he also has a good reputation for his management ability in the industry, so the fundamental reason why Miramax Company cannot go to glory is not in the lack of talent, but in the lack of leadership that uses talent.
The team involved in the negotiation of Feiyang Entertainment Company is not small, Ouyang Zhenhua, Fan Wenxuan, Li Li, and merger experts McCows, Chen Kangjie just accompanied the last seat, and there was not even a bright card.
"President Ouyang, on behalf of me and my colleagues from all over the company, I would like to welcome you and all of you to Miramax Company again", in order to create a good atmosphere, Big Weinstein stood up and bowed slightly after everyone sat down, expressing their greetings again.
"Thank you, thank you, Mr. Weinstein, let's start", Ouyang Zhenhua did not stand up, he was still sitting when he spoke, this is the confidence and momentum.
"Okay, your company's previous offer has not met our requirements of 1.1 billion US dollars, I think, Mr. Ouyang's visit this time should increase somewhat, right?" After Weinstein sat down, he began to get into the topic.
"Yes, but this question will be answered by our Miss Dufan", Ouyang Zhenhua did not move at all, and his expression was very calm and atmospheric.
"Ladies and gentlemen, we have communicated many times before, and our quotation has risen from 700 million US dollars to 880 million US dollars, and our investment experts and merger experts have also given an answer to the evaluation of your company's tangible assets and intangible assets, no more than 900 million US dollars, so the price of 1.1 billion US dollars is indeed high, which does not conform to the principle of a fair and reasonable market", Fan Wenxuan sat and opened the Wen Jiàn folder in front of him, and said with a sincere and confident attitude.
"Miss Fan, I don't know what criteria you use for the evaluation of intangible assets, but according to the appraisal of the professional organization we hired ourselves, our assets have reached more than one billion dollars, plus our investment in employee training, 1.1 billion dollars is not much at all", Weinstein Jr. immediately refuted Fan Wenxuan's words.
In fact, there has always been no "jīng" standard for the evaluation of assets, especially for intangible assets, you may feel that they are worthless, and some people may feel that they are valuable, and it is difficult to fully explain them. Although there are many models and formulas, for the same subject matter, the results of the evaluation of the two institutions may be very different.
"I believe that there will not be a company in the market that will offer this price, and our bid of 900 million US dollars should be said to be very appropriate", there is not much point in dwelling on the evaluation, Ouyang Zhenhua leaned forward and stared at the other party and said.
"Mr. Ouyang, you must know that there are two other powerful companies, Sony and Disney, that are very interested in Miramax's watch, and their bids are higher than $900 million", anyway, Ouyang Zhenhua They don't know the actual bids of those two companies, so it's up to Big Weinstein himself.
Others may not know, but Chen Kangjie himself knows that this company ended up with a billion dollars into "jiāo", but now the situation has changed a little, what the detailed price will be, it is still unknown, in the previous life, there was no Feiyang Entertainment company.
"These two companies have a high reputation and are very strong, which we know, but one thing to explain is that our offer is paid in cash, and there is no asset replacement or equity replacement, so this price is absolutely reasonable, and we don't want to guess the bids of other competitors, but this is what differentiates us", Ouyang Zhenhua tapped on the light and clean table and said.
When I heard that it was cash "jiāo", Brother Weinstein's face suddenly lit up, what could be more attractive to have real money in his hands? In the mergers and acquisitions of large companies in the world, it is very rare to bid directly with cash, everyone has strength with each other, but they are all assets, and there are very few companies that can take out billions of dollars in cash at any time, and it is also a stupid behavior, funds will only appreciate when they are invested, who will put so much cash around?
"Even so, we can't lose $200 million in vain, we hope that your company can increase the price to a certain extent", although they were very satisfied, but Big Weinstein still did not give in, they felt that since these Orientals were so rich, they would simply knock some more out, and no one would be too rich.
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