Chapter 227: Breaking Up Columbia Pictures?

"President Guo Sida, I need an explanation for the fact that your company secretly reached a merger and acquisition agreement with Phoenix Investment Group behind our back!" Akio Morita, who was forced to suppress the anger in his heart, called Guo Sida, the CEO of Coca-Cola, and asked him strongly.

"Unfortunately, Your Excellency Akio Morita, we don't have that much patience to wait. And as it stands, it is almost impossible for Sony to get regulatory approval for its acquisition of Columbia Pictures...... Giving up early is the wisest choice for both you and me. Guo Sida said. Believe me, Your Excellency, Coca-Cola is in good faith in negotiating with Sony, but it's just ...... I'm sorry. I hope there will be better opportunities for cooperation in the future! ”

Guo Sida naturally did not want to admit that it was Coca-Cola's treachery, and in a few words, he blamed the matter on the regulatory authorities of the US government.

on this.

Akio Morita had no choice but to deal with it silently, and the Japanese threat theory was indeed one of the biggest obstacles to Sony's acquisition of Columbia Pictures. Recently, however, he has frequently held banquets in Washington, inviting members of the US Senate and House of Representatives, and has made considerable progress in lobbying and persuading. It's a pity that now with Coca-Cola's treachery, it has come to naught!

Listening to the beeping phone line, Akio Morita was calm and terrifying, and even the assistant standing in the distance could feel the surrounding atmosphere drop sharply.

Call......

Akio Morita took a deep breath before he could barely calm down. He understood that everything Guo Sida said was an excuse...... From the moment Coca-Cola secretly negotiated with Phoenix Investment Group behind Sony's back, it meant that Coca-Cola abandoned Sony's line!

Right now.

Phoenix Investment Group's acquisition of Columbia Pictures has been sent to the U.S. regulatory authorities for review, and the probability of approval is more than 90%, which means that Sony has lost the opportunity to win Columbia Pictures. It's not easy for Akio Morita to be so calm.

"Phoenix Investment Group, Tang Bao ......" Akio Morita muttered in a low voice, for this opponent who successfully snatched food from him, he had long been like thunder. But it is precisely because of his in-depth understanding of Tang Bao that he has even more headaches. There is even some helplessness.

Phoenix Investment Group has only risen in the last two years, but no one dares to underestimate its energy. There must be a certain truth in the existence of powerful existences such as the Mitsubishi Consortium and the Mitsui Consortium, which are all vying to drill into the scalp, and even to invest in shares at the expense of blood.

Therefore.

In the face of Phoenix Investment Group, Akio Morita did not dare to act rashly.

"Whew...... Tell me to conduct a detailed survey of the U.S. film and television industry to find an alternative to Columbia Pictures. In addition, I will prepare the most detailed information about Phoenix Investment Group and Tang Bao! Akio Morita said in a deep voice.

"President, the Mitsui Consortium is one of the shareholders of Phoenix Investment Group, do you think we need to take advantage of this relationship?" The assistant reminded.

Mitsui Foundation!

Hearing these words, Akio Morita was slightly stunned. He shook his head silently. The Mitsui Consortium is one of Sony's major shareholders, but Sony is not a member of the Mitsui Consortium, not even a peripheral member. And Sony has always been outside the Mitsui consortium, carefully guarding Mitsui. It is not wrong for the two sides to say that they are inseparable, in such a situation, why would the Mitsui consortium help him, and besides, the Mitsui consortium has a very small stake in the Phoenix Investment Group, and its sense of existence is pitifully low, so it is still a question whether he can speak or not.

……

"Hmm. Okay, I got it. President Guo Sida, happy cooperation! Hanging up the phone gently, Tang Bao found a comfortable position to lie on the sofa.

……

Time flies. Half a month has passed in the blink of an eye.

Unsurprisingly, Phoenix Investments' acquisition of Columbia Pictures was quickly approved without much hindrance.

Get a notification of the audit clearance.

Immediately, Coca-Cola and Phoenix Investment Group began a formal equity transaction. And Tang Bao also kept his promise, and on the day he took control of Columbia Pictures, he ordered Phoenix Investment Group to transfer $3 billion to the Coca-Cola account.

"Mr. Tang, President Horst. I'm Dawn, the interim head of Columbia Pictures......" Dawn greeted Tang Bao and Horst, who came to visit Columbia Pictures, and enthusiastically introduced, but also a little excited and expectant. Due to financial difficulties, Columbia Pictures has been silent for many years, and has not produced a few movies with big investments and big productions, and now with Phoenix Investment Group, the new big man, Dawn is naturally gearing up.

Like Dawn's thoughts, Columbia Pictures is also looking forward to Tang Bao's big deal.

Pity.

Dawn and those who think the same way as him are only afraid that they will be disappointed, and winning Columbia Pictures does not mean that Tang Bao will go all out.

"Mr. Tang, what kind of plans will you have next?" Along the way, Tang Bao just visited quietly, and when he rarely expressed his opinions, Dawn couldn't figure out Tang Bao's thoughts, and he was a little anxious.

"Well, the plan?"

Tang Bao was slightly stunned, in fact, there was only one question he had considered along the way, should Columbia Pictures keep or resell?

Columbia Pictures owns more than 2,700 film and television rights, which is not the largest number, but the quality is acceptable, and there are 12 Oscar Best Pictures. In addition, there are more than 23,000 episodes of TV series, and there are popular TV series such as "The Time of Our Lives" and two of the most popular TV entertainment programs, "Good Luck Rolls" and "Danger". It can be said that the family background is very rich.

But Columbia Pictures remains a mess, with heavy debt, chronic underinvestment, and a problematic management team......

"No plan for the time being, it's business as usual!" Tang Bao, who had been silent for a long time, said calmly, no one could see what he was thinking in his heart.

"Well, I didn't plan ......"

Daun was stunned by Tang Bao's answer, and then regained his composure and responded with a little disappointment. Tang Bao's reaction was very different from what Dawn expected, and he didn't wave his hand as he expected, signing a huge check to encourage them to invest in a big production.

A simple "business as usual" shattered Daun's illusions and made Daun's mood tense.

At this time.

Not only Dawn, but even Horst, the president of Phoenix Investment Group, was a little confused, and he couldn't figure out what Tang Bao thought.

On the way back.

"Boss, is it true that everything is going to be business as usual at Columbia Pictures? Or is there another plan? Horst asked.

"Whew...... To be honest, I haven't quite made a decision on whether or not Columbia Pictures stays! That's why it's business as usual. Tang Bao said frankly.

"Huh?"

Horst gave Tang Bao a puzzled look, as if he didn't fully understand what Tang Bao meant. "If you don't keep the Columbia Pictures company you just bought, will you have to tear it down?"

"Tear down the ......" Suddenly, Tang Bao's eyes lit up suddenly, and he couldn't help clapping his hands and shouting: "Good idea!" ”

Burst.

Horst was stunned, completely unable to understand how one of his jokes could turn into a "good idea". Seeing Tang Bao's sworn expression, Horst couldn't help but say in surprise: "Boss, you won't take it seriously, I'm just talking casually." Columbia Pictures bought it for $3 billion, and it was ......just demolished," Horst felt a little delirious about Tang Bao.

"Haha, splitting, not direct destruction! Horst, do you need to be so nervous? Perhaps, the split will have unexpected gains. Tang Bao said with a smile.

"This ...... Boss, what the hell do you think. Seeing that Tang Bao didn't seem to be joking, Horst asked solemnly.

At this time.

Tang Bao also knew that it was time to talk to Horst frankly about his plans, "Originally, the acquisition of Columbia Pictures was just a whim, purely to grab food from Sony, and of course there was also an arbitrage investment. I didn't want to go straight into Hollywood...... Now that I have a thorough understanding of Columbia Pictures, it is even more impossible for me to invest casually. Columbia's management team is very problematic, and no amount of money invested will help, no different from throwing it in water. Before, I was thinking about whether I could find an elite management team to take over Columbia Pictures, if I could find such a qualified manager to revitalize Columbia Pictures, it would become a high-quality asset, and naturally it would have to stay, otherwise it would have to be disposed of again, and the most likely next person to take over was still Sony. ”

"Then boss, why did you break up Columbia Pictures?" Horst asked.

"Because I don't want Sony to grow big in the film and television field, and I'm not willing to give up some high-quality assets, maybe it's a good idea to split and sell." Tang Bao said with a smile.

Horst wondered, don't want to see Sony bigger? Could it be that Phoenix Investment Group can still become a business competitor with Sony......

Of course, Horst didn't know that Tang Bao had other plans in the film and television entertainment industry, and if he did, it would not be difficult to understand Tang Bao's approach.

"Horst, try to find a CEO candidate who can play well in the film and television entertainment industry, otherwise, you can only reluctantly split it up, and Sony will be cheaper!" Tang Bao instructed, subconsciously, he hoped to be able to destroy it directly in the embryonic stage of Sony Pictures Entertainment.

But.

Tang Bao will not be overly demanding.

"Understood, boss!" Horst Road.

After a moment of silence, Tang Bao instructed again: "Kate, collect a detailed information on the American film and television entertainment industry for me, the more detailed the better......

"Okay."

Tang Bao's instructions to Kate, Horst also heard, at this time, Horst suddenly understood that his boss seemed to have a great interest in the American film and television entertainment industry. (To be continued......)