Chapter 295: Celebration Reception
Just when many media outlets were frantically reporting that Tang Bao and Zehrman were in exclusive negotiations and predicting whether the acquisition negotiations would go well, a veteran Wall Street Journal reporter interviewed a director of an American music company through a strong network of contacts. Originally, he had come to explore the detailed process of the acquisition negotiations, but the director accidentally slipped through the interview and let him know that the exclusive negotiations between the two parties had been successfully concluded and that the acquisition had been directly sent to the Foreign Investment Commission and other regulators for review.
How could a Wall Street reporter let go of such astonishing news?
Soon.
The Wall Street Journal was published in the latest issue of the newspaper, with the headline on the front page: Tang's successful acquisition of Universal Pictures has been sent to the regulatory authorities for review!
The top management of Panasonic also saw the news, and their last little illusion was shattered.
Looking forward to the acquisition not passing the review?
Not to mention that there has been a case of Columbia Pictures in the past, even if it really fails to pass the acquisition review, the hope of passing the trial when it is Panasonic's turn may be even slimmer.
Arguably.
Panasonic really doesn't have a chance anymore.
Similarly, the outside world is very confident that the acquisition will pass the review, and even many news media have "announced" in advance that Tang Bao successfully acquired Universal Pictures.
A week later.
The relevant regulatory authorities in the United States issued a notice that Tang Bao's acquisition of Universal Pictures was approved!
In fact.
This is because the regulator referred to the acquisition of Columbia Pictures, evaluated it a little, and then readily approved it.
The acquisition encountered no obstacles in the review, and even went much smoother and faster than Tang Bao and Zelman expected.
Obtain the document notice of approval of the acquisition case.
Tang Bao immediately signed a formal acquisition agreement with the American music company to start the equity delivery process, and at the same time, Harris's team directly settled in and took over Universal Pictures. And Tang Bao is also very true to his promise, after signing the acquisition contract. He paid 20 percent of the purchase price, or $1.12 billion, on the spot.
Forthwith.
The two sides held a grand celebratory reception, and many journalists were also invited to attend.
"Don, congratulations! I believe that with your strong support, Universal Pictures will develop even more brilliantly and greatly. Zelman laughed.
"Thank you."
Tang Bao smiled and thanked him. He will provide strong financial support to Universal Pictures, but many good movies are not made by throwing money at them. To be honest, he doesn't have a clear idea of the development path of Universal Pictures at all, and what the future will be will depend more on the ability of professional managers.
"This time. We had a great time in contact and hope to continue our relationship in the future. "Our company has a strong resource of cable TV channels......
"No problem!" Tang Bao assured.
In fact.
The issue was covered in the acquisition negotiations, but Zelman was a bit of a loser. In the past, the content of TV shows produced by Universal Pictures would be broadcast on cable TV channels owned by American music companies, and he was afraid that Tang Bao would switch to another company.
Universal Pictures' TV production department is strong, even more than film production! Zelman values Universal's television programming resources.
"Oh, though, I don't know much about the business. You'll need to talk to the new CEO of Universal Pictures. Tang Bao added with a smile.
"Hmm." Zelman nodded in understanding. Essentially, Tang Bao is playing capital on Wall Street, and it is normal that he is not familiar with the business content of the film and television industry.
And then. Zelman reminded with a smile on his face, "Don, in a moment, there will be a short press conference...... A lot of journalist friends are staring at you. ”
Scold.
Tang Bao shrugged. Smiled helplessly, he really wanted to keep a low profile, but almost every attack. will become a news topic.
……
"Hi, Don, Mr. Zelman! I didn't bother you. Harris walked over with champagne and smiled and said hello, joining in the small talk.
If anyone is most proud and excited about the successful acquisition of Universal Pictures, apart from Tang Bao and Zelman, it is Harris. In the past, Harris has also run projects in the film and television entertainment industry, but they are all small projects, and even if they are almost perfect, the gains are limited, and they are not at all comparable to the acquisition of Universal Pictures. In fact, it's the biggest project he's been deeply involved in.
And.
He also became a shareholder of Universal Pictures, and although he only had an extremely pitiful 2% stake, Harris was very satisfied.
"Congratulations, Harris, you Goldman Sachs have made another beautiful big deal!" Zelman and Harris touched their glasses and laughed. The acquisition of Universal Pictures was Goldman Sachs, and Harris was a partner of Goldman Sachs, so Zelman subconsciously thought that Goldman Sachs and Tang Bao were cooperating to acquire Universal Pictures.
"Thank you. However, Mr. Zelman, I have to correct that this acquisition has nothing to do with Goldman Sachs, the company has not provided any funding, and this is a project that I personally worked with Don...... Well, if anything, the only connection is my status as a partner at Goldman Sachs! Harris emphasized.
"Huh?"
Zelman was stunned.
"Heh, I'm very interested in the film and television entertainment industry, and I would like to ask Mr. Zelman to take care of it in the future......" Harris said with a smile. From the moment he won Universal Pictures, the focus of his career shifted, he was a partner of Goldman Sachs in the past, and Universal Pictures in the future!
Looking at the serious Harris, after making sure that the other party was not joking, Zelman was surprised in his heart, and listening to Harris's tone, it seemed that he intended to cut off with Goldman Sachs.
A partner at Goldman Sachs, an identity that Wall Street elites strive to have and dream of. And Harris, a partner who became Goldman Sachs at such a young age, seems to be interested in jumping out of Goldman Sachs, which is really bold. However, thinking that Harris is cooperating with Tang Bao, I can understand why Harris has so much courage.
It seems that Harris has received greater support from Tang Bao than Goldman Sachs. Coming to this conclusion, the smile on Zelman's face was even worse, and he said kindly: "Let's not talk about taking care of each other, let's support each other in the future...... Just before you came, Tang and I were still talking about the cooperation between the two sides. ”
Forthwith.
The two began to talk eagerly, of course, when they deepened their relationship with each other, they did not snub Tang Bao next to them.
Ten minutes later, Zelman had something to do and left for the time being.
"Looks like you're very close to Zelman." After Zelman left, Tang Bao joked with a smile. He clearly felt that after Harris made it clear that he was involved in the entertainment industry, Zelman became extremely enthusiastic. In the past, although Zelman was also polite and warm to Harris, there was always a sense of distance, but now this sense of distance seems to be gradually disappearing.
"Heh, what kind of fate? Zelman only learned that I was a partner in the acquisition of Universal Pictures, and guessed that I might be in charge of Universal Pictures. ”
"Hmm."
Tang Bao smiled and nodded, although Zelman sold Universal Pictures, the complicated relationship between Universal Pictures and American music companies involved various cooperation, and it would not be directly interrupted because Universal Pictures changed hands. Universal Pictures and American Music Company still need each other!
Suddenly.
Tang Bao noticed that Harris was looking to the southwest of the banquet hall, occasionally making a look, secretly transmitting some kind of signal to someone......
"Something?" Looking at the absent-minded Harris, he smiled.
"Ugh. Don, there's really nothing that escapes your eyes. Introduce you to a friend? Harris, who was found, shrugged helplessly and smiled.
"Okay, let's sit down with your friends!" Tang Bao agreed unusually happily.
“OK!”
Harris replied, then waved to the southwest corner and motioned for the other to come over.
Soon.
A middle-aged square-faced man who remained in the scum walked over, his figure was not tall among Europeans and Americans, but he looked unusually strong.
When the man approached, Harris smiled and said, "Let me introduce you, Don, this is Richard. Clooney, a producer in the film production division of Universal Pictures. Richard, this is Don, your future boss. ”
Oh.
Tang Bao suddenly realized that this was the "friend" that Harris had a good relationship with earlier, and he also understood Harris's intention to introduce him.
"Hello, Mr. Tang, it's an honor to be received by you." Clooney's body bowed slightly, reached over, and said.
"Hello, Mr. Clooney." Tang Bao shook hands with him and said, shaking hands while carefully observing the CEO candidate recommended by Harris in front of him.
Apparently.
Clooney was also very much looking forward to getting this tempting new position, otherwise, he wouldn't have been so anxious to get in touch with Tang Bao.
It's a different mindset than when I bought Columbia Pictures last year!
This time, Tang Bao decided to get directly involved in the Hollywood film and television industry, intending to develop in the long run. Therefore, he is also particularly interested in the CEO candidate of Universal Pictures, although Harris strongly recommends Clooney, but Tang Bao also has to have a good chat with the other party to see if the other party can be qualified for the position of CEO.
Please take a seat.
Tang Bao casually asked, "Mr. Clooney, how long have you been at Universal Pictures?" Well, do you have any experience directly managing a film and television company? ”
"I've been at Universal Pictures for over five years. Having previously served as vice president of two film companies...... "Clooney began to talk in detail about his work experience.
Well.
Tang Bao listened carefully and nodded from time to time. He had to admit that Clooney's work resume was quite generous, and his grades were not bad! But there is one thing that is difficult to change, and over the years, the film production department of Universal Pictures has been held down by the production of TV dramas, so that Universal Pictures has become a film company that specializes in producing TV series. That said, Clooney's performance at Universal Pictures was not as perfect as he boasted.
Of course.
The underperformance of Universal's film production division may be related to the emphasis on TV production investment by American music companies. (To be continued......)