Chapter 436: The Age Without a Leader

Xu Teng hadn't really considered the New York Times because he didn't need it, but when he was convinced that Elizabeth Holmes wanted to own the newspaper and incorporate it into his banner, he decided to fulfill Elizabeth's little dream. Pen & Fun & Pavilion www.biquge.info

Even if he doesn't want to admit it, facts speak louder than words, and Elizabeth is indeed his woman.

This is a serious moral issue.

He couldn't admit it.

The next morning, he invited Arthur Sulzberg to the 75th-floor office of the Chrysler Building, after rumors in the American media that the Chicago newspaper group would buy the New York Times, and Arthur Sulzberg had made a clear statement on behalf of the family that the Sulzberg family would never sell control of the New York Times.

Xu Teng did not intervene in the negotiations, he only invited Arthur Sulzberg to come over and talk to Elizabeth Holmes and her uncle, McGill Brent, the former secretary of state and now the chairman of the Chicago newspaper group.

As Xu Teng expected, the negotiations did not go well.

Elizabeth Holmes wanted to buy The New York Times, and one of the big reasons she learned from other sources was that Mike Bloomberg and his Bloomberg company were also trying to buy The New York Times.

She knows very well that her Wall Street Information Company is to use Bloomberg Information as an opponent and go her own way, so that the opponent has no way out, which is a kind of game that Xu Teng taught her.

So, Miss Holmes would rather pay a lot of money to keep the New York Times in her hands.

This is a completely different idea from Xu Teng, but it is supported by Xu Teng.

In support of Miss Holmes.

On the afternoon of the first failed negotiations, Xu Teng held a board meeting with the major shareholders of the Chicago newspaper group and formally decided that Elizabeth Holmes would become the chairman and CEO of the Chicago newspaper group.

Before that, Carl Icahn, who has always been a superboss in New York's rich circles, personally served as the chairman of the Chicago newspaper group.

Xu Teng passed the board resolution almost three years in advance, just to fulfill this smart and beautiful female president and put her in charge of Dow Jones & Co. and its "Wall Street Journal"

In fact, there is no difficulty in this matter at all.

In the matter of preparing to establish the Wall Street Information Company, Xu Teng, Murdoch, Carl Icahn, and Bill Gates are the four corners of iron, and what they want to do is a good business worth 100 billion dollars, and only the four of them know the complete business plan for a long time.

This good business began in September 2008 when Carl Icahn bought the Chicago Newspaper Group.

They acted separately, each other's acquisitions and business plans appeared to be independent, but in fact, they were all aimed at eventually toppling Bloomberg, snatching Mike Bloomberg's $25 billion net worth and turning the company, which was valued at more than $75 billion, into their own investment.

The earliest planner of this business plan was Xu Teng, but he could only do half of it, he could handle the technology of big data, he had to work with Murdoch's News Corp., and he also needed real American capital support, and finally, after the deliberation of Xu Teng, Murdoch, and Bill Gates, the fourth collaborator - Carl Icahn was chosen.

As a result, Murdoch bought Dow Jones & Co. and its Wall Street Journal, Xu Teng bought the Financial Times and United Press International, and Carl Icahn bought the Chicago newspaper group with the support of The-ShunFamliy.

Now, the shareholders of the business are almost all the forces of the parties, with The-ShunFamliy's overseas trust holding 1/3 of the shares, Xu Teng's Huateng 17%, Murdoch's News Corp 15%, and Carl Ikan, Warren Buffett, Comcast, Microsoft, Google, and Amazon Inc. each holding 3%-5% of the shares.

Elizabeth Holmes, who has been a director of Chicago Press Group since 2009, also holds a 4 percent stake.

The whole plan worked flawlessly.

There is only one thing that Elizabeth Holmes has temporarily proposed, and that is to cut off Bloomberg's expansion plans, preemptively bring the New York Times under its umbrella, and not rush to buy the Washington Post for the time being, or even abandon the Washington Post under its umbrella.

On the other hand, Amazon Inc. is actively acquiring Yahoo Inc., integrating the newly acquired online travel company Priceline, in an attempt to turn into a broader web technology company and expand its business scale in the field of big data.

Netflix, an online media film and television company, is controlled by China Media SMG Group, which also facilitates Netflix's cooperation with SMG Group's other three subsidiaries - Legendary Pictures, Marvel Inc., and AMC TV.

Today, SMG Shenzhou Media, a subsidiary of the Huayin Consortium, has been able to rank alongside the world's five major media groups, such as Time Warner, Murdoch News Corporation, Kongscat Group, Walt Disney and Viacom Group, in the global media industry.

These six major media groups, in essence, are in the three fields of news and information, television, and film, each with a complete set of comprehensive giants, in contrast, Sony, Vivendi have been declining, unable to keep up with the development trend of the times.

Time Warner's Time, AOL, CNN, HBO, Warner Pictures, Murdoch's News Corp.'s The Times, The Sun, SKY Sky, FOX Television, Asia Star TV, 20th Century Fox;

Disney Group's Marvel Comics, Pixar Animation, ESPN, ABC, Viacom Group's CBS, MTV, TNN, Paramount Films.

This is the classic ecosystem structure of media giants.

The Comcast Group, controlled by the Robbs family, also acquired NBCUniversal in 2009 and won NBC TV and Universal Pictures, so as to become the world's fifth largest international media giant.

In fact, it is through mergers and acquisitions that everyone has become today's international media giant.

The same is true for Shenzhou Media Group, a subsidiary of the Huayin Consortium.

Since the acquisition of Phoenix Satellite TV in 2002 and the establishment of Legendary Pictures in 2003, China Media SMG Group has maintained the fastest speed of mergers and acquisitions, successively merging Marvel Company, Asia Television Network, DreamWorks Films, DreamWorks Animation, AMC Television, AMC Cinemas, Global Television Canada, Financial Times, and MGM Films.

In addition to maintaining its own film and television drama production and distribution business, as well as the largest Shenzhou cinema chain in China, and promoting a number of magazines and newspapers in China, China Media SMG Group has also continuously seized the domestic and ASEAN TV markets through Phoenix Satellite TV and Asia Satellite TV.

Since 2009, Asia Satellite TV Sports Channel has successively bought the broadcasting rights of the Premier League, Chinese Super League, La Liga, and Champions League in China and ASEAN by joining forces with Tencent Video and Sohu Video, forcing CCTV to rely on Serie A, Bundesliga, and distribution to broadcast important games in the Premier League and La Liga.

In the field of global film production, Shenzhou Media Group first owns the "Tales of the Night" series of Legendary Pictures, which has been a representative of IP creation over the years, in addition to filming big productions such as "Avatar" and "Interstellar", it also owns the film rights of "Harry Potter" and "Twilight" series.

Through cooperation with Marvel and the repurchase of the rights of Spider-Man and "X-Men", Legendary Pictures has a series of money-making tools such as "X-Men", "Captain America", "Wolverine", "Avengers" and "Super Spider-Man", which can be called the king of IP series movies in the global film industry.

Through the acquisition of DreamWorks and DreamWorks Animation, the "Transformers" series and the "Kung Fu Panda" series, and finally through the acquisition of MGM Pictures, it owns half of the rights to the 007 series and the "Hobbit" series.

In the field of TV dramas, whether in the Chinese market or in the United States, China Media SMG Group has always been an expert in snapping up IP and spending heavily to create popular dramas.

Generally speaking, Shenzhou Media SMG Group is stronger than production and screening in the global film and television industry, and its global distribution capacity does not have the upper hand compared with Universal, Disney, and Twentieth Century Fox, and the agreement signed in the repurchase of copyrights still has to hand over some films to Universal, Sony and Twentieth Century Fox for distribution, and the distribution rights of Spider-Man still belong to Sony, and the distribution rights of the "X-Men" series still belong to Twentieth Century Fox.

As one of the world's six major international media giants, the biggest weakness of Shenzhou Media SMG Group compared with the other five giants is the lack of American giant TV networks such as ABC, NBC, CBS, etc., and can only jointly hold AMC TV and UBN Global TV Network through cooperation with Comcast Group.

The second is to take advantage of the scandal crisis of Murdoch News Corp. in the United Kingdom to intervene in Sky Broadcasting, and jointly own Sky Broadcasting Satellite TV with News Corp.

In the domestic and ASEAN TV markets, Xu Teng personally went to Beijing to lobby ASEAN, so that Asia Satellite TV and Phoenix Satellite TV could land on the stars, form a situation of competing with CCTV, and radiating the entire ASEAN market at the same time, and win back a game in the competition with other international media giant groups.

In any case, the large-scale M&A strategy of China Media SMG Group in the past 12 years is still very successful, with this foundation, it can quickly become one of the six major international media giant groups, in terms of shooting large production and capital investment capabilities, in the construction of cinemas and the renewal of equipment, SMG Group is also significantly stronger than other giants.

In terms of market capitalization, the scale of Shenzhou Media SMG Group is not large, accounting for a small proportion of the total assets of the entire Huayin Consortium, but its influence is amazing.

That's the value of the media industry.

This is also one of the bases on which Xu Teng has exceptionalist privileges in the United States.

The rapid development of China's film and video market has allowed Xu Teng to further enhance his competition and influence with other international media giants, and has substantially formed a cooperative between SMG, Comcast and Murdoch News Corporation in the United States.

Therefore, in the mainstream media in the United States, CBS, a subsidiary of Comcast Group, and FOX, a subsidiary of News Corporation, have rarely reported negative news about China in recent years, and have always said good things about The-ShunFamliy and the Huayin Consortium.

The Walt Disney Group, which is eager to invest in Disneyland in Shanghai, has been engaged in public relations in China, and its ABC has also converged a lot in recent years.

Correspondingly, CBS and CNN are typical examples of not getting benefits, and deliberately playing "neutrality", because reporting negative news about China has always been popular with the people in the United States, and if there is no restriction on the capital layer and the board of directors, the host will naturally say whatever he wants, as long as there are ratings, it is OK!

This is the relationship between capital, media and discourse.

The credibility of the global international media has declined from 70% in the 70s of the last century to 35% in recent years, in the final analysis, there are two reasons, one is seriously detached from the cognition of the public level, and the other is that the intervention of the capital layer is too serious.

China's international image and media image have been gradually improving in recent years, and in the final analysis, it is getting richer and richer, and the entanglement of interests is getting deeper and deeper.

You have money, you can earn your money, who will speak ill of you unscrupulously?

Of course, the Virgin Mary of Europe and the United States, long-term prejudice against China, and the Cold War mentality are all diseases, and it is not uncommon for Bloomberg to make profits in China and to deliberately report fake news and assist those big customers on Wall Street to disrupt China's economic order.

It was definitely not an easy task to buy the New York Times from the Sulzberg family, to be exact, so difficult that Xu Teng had never thought about it.

As for some time ago, just a few months ago, Chen Moumou, the richest man in China, announced that he would spend $1 billion to buy the "New York Times", you just listen to him, where the New York Times company building is, he has never been there.

Do you think, Xu Teng's level is already a predator in the circle of Wall Street and the American media industry, and he is still not sure, what will he buy?

I don't even know that the New York Times is a publicly traded company, and in addition to the New York Times, there are more than 20 local tabloids in the United States, a number of radio stations and local television stations in the United States, and its current market value has been stable at the level of $2 billion.

The New York Times Company currently has a cash flow of about $700 million, a debt of no more than $300 million, and wants to buy The New York Times for $1 billion.

Anyway, the first round of M&A talks that Xu Teng attended did not go well, and a few days later, after Elizabeth Holmes officially became the chairman and CEO of the Chicago newspaper group, she again negotiated privately with the Sulzberg family.

This time, I finally got an offer.

The Suzberg family offered $3 billion, and at the same time, they will continue to pay $500 million if they want to get 70% of the board voting rights in the hands of the Suzberg family.

To put it simply, the Suzberg family does not sell.

The total market capitalization is close to $2 billion, and there is long-term depreciation pressure, and the result is to sell for $3.5 billion, is there any difference between not selling?

Elizabeth Holmes came to the Sulzberg family's mansion at 740 Park Avenue in New York for a dinner and an interview with Arthur Sulzberg, the current general publisher of The New York Times Company.

Let's put it this way, Arthur Sulzberg is willing to give Miss Holmes a "sincere" deal price, or it depends on the affection of Miss Holmes's grandfather, William Brent Sr., a senior senator from Ohio.

After all, they are all in the United States and in the British society, and they have always dealt with each other.

In addition, Arthur Sulzberg also understands in his heart that the Chicago newspaper group is nominally funded and operated by Carl Icahn, Murdoch and others, but in fact, The-ShunFamliy and Xu Teng are controlled behind the scenes, otherwise it would not be Elizabeth Holmes as chairman and CEO.

In the U.S. political environment and at the top of the media industry, this appointment is tantamount to a public announcement that the Chicago newspaper group has The-ShunFamliy's background, so be careful.

Even if it is not The-ShunFamliy's actual holding, it is at least a company that Xu Teng can say.

Miss Elizabeth Holmes is certainly not very happy, she is not happy to give it to anyone, the offer of $3.5 billion is complete nonsense, and about $2.5 billion is basically reasonable.

She didn't return to the Park Hyatt Manhattan until about 9 o'clock in the evening to discuss the matter with Xu Teng.

It just so happened that Jian Chen also arrived.

Chen Jian is really thirty years old, still so handsome and free, he went to New York this time to follow Xu Teng's request, and came to participate in the signing ceremony of Hyatt Group's acquisition of Shengteng Group.

In the structure of the Huayin Consortium, although Hyatt Group is the world's most valuable international hotel chain group, it is not one of the 27 first-class industrial groups under the consortium, but a part of Jiangtai Holding Group.

International hotel chain groups usually adopt a franchise model, which seems to be large, and the assets and yields are not high, and the current market value of the French Accor Hotel Group, which is the highest, is only 90 US dollars.

Jiangtai Group is one of the three comprehensive holding group companies under the Huayin Consortium, which is widely involved in financial private equity, capital investment, bulk commodity trading, hotel real estate, tourism, energy and power, water and port and other capital-intensive businesses.

Especially after Fuxin Group was completely transformed into a foreign-funded financial enterprise, many of its businesses were transferred to Jiangtai and Sunshine Group, which made the total assets of Jiangtai Group continue to grow, and the current total assets have exceeded 550 billion RMB, which is equivalent to a Hutchison Whampoa.

Hyatt Hotels is not listed independently from Jiangtai Group, so it can only be said that the valuation is about 13 billion US dollars, which is definitely higher than Accor Group, which has the largest market capitalization, because 50% of Park Hyatt, Hyatt and Grand Hyatt are all self-operated stores of the group, and 30% of its four convenient hotel chains are self-operated stores and flagship stores.

There is no need for Hyatt Hotel Group to be listed independently, because Park Hyatt, Hyatt, and Grand Hyatt hotels are all four- or five-star hotels, which are numerous in China, accounting for almost half of the domestic high-end hotels.

This time, the acquisition of Shengteng Group, the inclusion of Wyndham, Ramada, Super 8 and other chain hotel brands into the Hyatt Hotel Group, is actually not aimed at the hotel industry.

The scale of Shengteng Group's business is very complicated, Chen Jian may have to stay in the United States for a few months this time, and after fully auditing and verifying all assets and liabilities, he will return to China, and in the middle, he is going to South America.

South America is really suffering from casualties this time.

Chen Jian is not in a hurry to buy the bottom, but if there is a good opportunity, he does not intend to miss it, and now it is rumored that even Brazil's Vale could be sold to maintain the Brazilian government's debt and foreign exchange reserves.

This is the case in South America, where they always die the worst in every global financial crisis.

Xu Teng was chatting with Chen Jian about South America and Shengteng Group, and Miss Elizabeth Holmes came back very unhappy, roughly explaining the situation with Xu Teng, at this moment, she could only say that Xu Teng was really powerful, and she could conclude from the beginning that this business was difficult to do and gave up directly.

She gave up.

The price of $3.5 billion is indeed unaffordable, after all, she has limited cash flow in her hands, and she has to buy Dow Jones & Co. and its Wall Street Journal, and correspondingly, the purchase of the Washington Post will only cost about $200 million, which is far more cost-effective than the acquisition of the New York Times.

"Your idea is good, there is no need to give up, you can try to reduce the purchase price to less than $3 billion...... Forget it, let's buy it directly!" Xu Teng took out his mobile phone, found Arthur Suzberg's phone, and dialed it directly.

"Yo, 3.5 billion. Chen Jian decided to remind Xu Teng, although the woman was wronged, although the Xu family did not lack this little money, it was not a good thing to be so arrogant after all, this is not a complete show of wealth!

"Arthur, old man, it's me, Elizabeth just came to me and talked to me, if you don't mind, I'll pay for the $3.5 billion acquisition. Her small company just started out and couldn't afford to pay the bills, but for me, the price wasn't a problem. I hope to have a financial audit tomorrow and sign it within a week, what do you think?" Xu Teng decided, at this price, buying is a surprise, buying is a heartbeat.

Xu Teng even decided not to buy it in the name of the Chicago newspaper group, but to use his Huateng company to buy it directly.

After all, this is not 3.5 billion yen.

Even if it is funded and acquired by Shenzhou Media SMG Group, such a high premium will have to deal with the rapid shrinkage of the traditional newspaper industry and the depreciation of assets and sales, which will definitely have a very serious negative effect on the stock price of SMG Group.

Why is the Financial Times expensive, because the Financial Times' London 500 index is a bellwether for the London stock market.

The reason why the Wall Street Journal is expensive is that the real acquisition targets are Dow Jones & Co. and the Wall Street Journal, which are combined assets that deserve to be acquired by the Chicago newspaper group for $4.5 billion.

In fact, so far, the total investment of the Chicago newspaper group is less than $2 billion, and the purchase price of the Los Angeles Times, the fourth-largest newspaper in the United States, was only $350 million in October 2009.

When Amazon and Warren Buffett's Hathaway acquired the Washington Post, the third-largest newspaper in the United States, the price was only $290 million, and the agreed price for the transfer to the Chicago newspaper group was only $330 million.

This shows how expensive the New York Times really is!

Xu Teng quoted the price, and there was no sound on the other side of the phone.

At this moment, Arthur Sulzberg is probably dizzy, and he doesn't know what the situation is at all, yes, how did my old man offend you and flirt with your lover?

"My old man, it's not too late, I still have guests here, so let's not talk much, tomorrow at 9 a.m., I'll go to the New York Times headquarters with my contract to meet with you." AND…… Good night, we can talk about anything tomorrow!" Xu Teng used the hands-free mode, and after nearly a minute, he finally waited for the other party's affirmative reply, then hung up the phone and told Jian Chen and Miss Elizabeth Holmes, "Look, we have another business, as I said, we sail the sea without oars, completely by the waves, the waves fly!"

Although Miss Elizabeth Holmes understands Chinese, she still doesn't know much about the meaning of words in this context, and the whole person is a little confused.

"What he means is that this business is simply terrible, but, it doesn't matter, he just has the capital to squander it so much, and if he can win it anyway, it will be a victory. Jian Chen explained for Elizabeth Holmes, signaling that she didn't need to take it too seriously.

"Oh, I really feel like I've taken my life to a new level. Elizabeth Holmes only smiled wryly.

"I'm that wayward, am I? But I love that waywardness, and the authority of the New York Times, its influence on the U.S. and global political economy is unquestionable, and that's the kind of depth that Bloomberg desperately needs. We don't actually need to, because we've taken down the Washington Post and the Wall Street Journal, and the Financial Times. ”

Xu Teng is certainly not a person who will be bored and willful enough to show off his wealth at will, if he were this kind of person, it would be impossible for him to have today's achievements, let alone today's special exceptionalist status.

He chose to agree to Arthur Sulzberg's offer, and there was a natural reason for it.

"When the news of the Wall Street Journal got out, Mike Bloomberg realized that our goal was to steal Bloomberg's business, and that we could quickly expand our market share through the acquisition of Reuters. He couldn't buy Reuters because it would run into the Monopoly Act in China, Europe and the United States at the same time, so his only strategy was to buy The New York Times to stabilize his market presence. ”

"What we're going to do is a business worth $100 billion, and as long as it's going to work, do we care about the $3.5 billion investment? Xu Teng roughly explained his thoughts, raised a glass and celebrated with Jian Chen in advance, "By the way, I also told some people that only if you have money can you show off your wealth, and if you don't have money, you should be a little low-key." ”

"I don't think that kind of person will ever be low-key, and if you don't like him, I'll teach him a lesson. "Chen Jian is talking about Chen Moumou, and he also knows that Xu Teng is talking about Chen Moumou.

The world is actually very embarrassing.

Xu Teng's donations are indeed relatively stingy, most of the donations are used for scientific research, and in the end they are subsidizing the entire Huayin Consortium, surnamed Chen in order to promote himself as China's first charity, really once attacked Xu Teng as a fake charity, fake charity.

In fact, in China, there are not 50 rich people who donate more social and charitable donations than this person, but there are 30, anyway, he found an NGO organization and bought a certificate of merit.

In addition, whether it is Xu Teng or Jiangtai's business gang, everyone's social donations over the years are still very low-key and basically not public.

"The harshness of the lesson. Xu Teng nodded and asked Jian Chen to clean up that bastard.

"No problem. Chen Jian agreed with a smile, and then asked Xu Teng a very important question, "What do you think is the chance that the Brazilian government will sell Vale?"

"It's hard to say for the time being, but we can operate, these days, I try to meet with other investment institutions on Wall Street, we all have our own politician relationships in the Brazilian government, if we operate together, there should be no problem. Of course, we have to kick out the left-wing president who is now in power, and as long as she is in power, we will never be able to take control of Vale. ”

Xu Teng was talking about the current female president of the Brazilian government, and by the way, he told Chen Jian and Elizabeth a vicious joke, "Do you know, as far as I know, there are basically no non-corrupt members of the Brazilian Congress, and the female president is the only exception, but her cabinet is not clean." Now, we need to get the most corrupt members of parliament, regardless of political affiliation, to unite and kick out the only president who is not corrupt with accusations of corruption. ”

"Small countries, democracy, South America. Chen Jian laughed three times in a row, sneering as much as he could.

Xu Teng could only shake his head slightly, this is the truth of international capitalism, evil and greed are always the winners.

Chinese will never understand whether international capital consortia are greedy for China's central enterprises, and as long as they can snap up the assets of these central enterprises at the lowest price, they can do all immoral things.

It's just that the situation has changed in recent years, and international capital consortia are no longer in a hurry to advocate privatization in China.

Because the rise of the Huayin consortium is too fast, even if China really collapses, the central enterprises will be privatized, obviously the Huayin consortium eats meat, and whether the international capital consortium can mix a mouthful of soup in the end is a question, it all depends on their relationship with Xu Teng.

It's really painful, how can this be?

Especially looking at Xu Teng's mix so well in the United States, the five giants of Wall Street can only say that they are also very confused!

Oh, yes!

How did Xu Teng and his family, The-ShunFamliy, penetrate into the United States to this point, and how did they develop to such a place on Wall Street, Silicon Valley, energy, media, and medical industries that cannot be ignored, which is really a bit difficult for Americans to accept and sort out!

The answer is very simple!

This is an era of many heroes but no leaders, whether it is the Big Five on Wall Street, Soros, Warren Buffett, Murdoch, the Walton family, or Bill Gates in Silicon Valley, they cannot reproduce the brilliant golden age of American capital in the 30s of the last century.

It's a sunset era in the United States, like Ragnarok.

It was an era of revival in which Chinese capital had re-emerged, like the dawn of the gods, and the sun was shining on it, and the only emperor arrived from the east in a boat laden with gold, porcelain, silk and tea.