Chapter 294: $5.6 billion

Tang Bao stretched out a finger, looked at Zelman, and said, "One hundred million, I'll add another hundred million dollars." Acquire Universal Pictures for $56! ”

Forehead.

Zelman, who was about to continue to explain the copyright resources of the film library, suddenly saw Tang Bao stretching out a finger in front of him, swaying slowly, and couldn't help but be stunned. But he soon heard Tang Bao's explanation, a finger means that the other party has increased the price by another 100 million US dollars.

But.

Zelman also realized that this might be Tang Bao's last bottom line, and if he continued to entangle unsatisfied, it might make the originally relatively relaxed and happy negotiation atmosphere tense. may even anger Tang Bao and directly disrupt this business.

Unlike Harris's clear investigation of Universal Pictures. Because Zelman learned of Tang Bao's intention to acquire Universal Pictures very late, he was in no hurry to conduct a more detailed investigation of Tang Bao, and the two parties had never been in contact, so his understanding of Tang Bao was limited to newspapers, which was very limited.

"A Chinese, with accurate investment vision, is very wealthy, and is a figure in the capital market...... Known as the stock god, the legend of Wall Street. This is Zelman's perception of Tang Bao. But he didn't know anything about Tang Bao's personality, habits, and so on.

Therefore.

Seeing Tang Bao with a serious face, Zelman didn't dare to continue the adventure. The most important thing is that after adding 100 million US dollars, Tang Bao's offer has completely exceeded the highest offer of Panasonic. His last negotiation with Panasonic came more than two weeks ago, when Panasonic increased the purchase price by $50 million, pushing the purchase price to $5.55 billion. And Tang Bao's purchase price reached 5.6 billion US dollars, completely surpassing.

Accepting this price, Zelman is no longer under pressure, he has fought for the best results for the company!

Thereupon.

After thinking about it for a moment, Zelman smiled and said, "OK, Don." I accept your offer and close it at $5.6 billion! ”

"Good."

Tang Bao also smiled with satisfaction.

In fact.

After leaving Panasonic alone. The biggest obstacle to the acquisition negotiations between the two parties is the purchase price. Now that this difference has been resolved, the negotiations have moved forward quickly.

……

$5.6 billion!

Zelman was very satisfied with the price, and was naturally very happy, and soon the terms of the transaction were settled after a little negotiation between the two parties, and there were no additional conditions for the acquisition.

Zelman is in a hurry to sell the wild child of Universal Pictures and raise "milk powder money" for his own son, which is a happy performance......

Less than an hour.

A fresh acquisition contract is high, and with a little refinement, it is completed.

"Huh?"

Seeing Zelman staring at the draft acquisition contract in a daze, Tang Bao couldn't help but be stunned. He smiled and asked, "Mr. Zelman, the acquisition contract was negotiated and drafted by the lawyers of both sides one by one, and both took into account your and my opinions. Do you think there is still a problem? ”

"No, no!" Zelman hastily denied. However, then he changed his words and said, "But an important question is missing. ”

"Oh?"

Tang Bao was surprised. He felt that the lawyers on both sides were very dedicated and well-arranged, and there were any particularly important issues that were missed. But looking at Zelman's serious demeanor, it didn't seem to be a joke. She looked up at him, waiting for him to elaborate further.

"The contract does not stipulate the payment method and time of the purchase price." Zelman said solemnly. "Look at ......"

"Not really."

Tang Bao roughly browsed the contract, but did not find it.

Yes.

Lawyers on both sides were shocked and proofread the drafted contracts. Really missed it. Immediately embarrassed. From the beginning of the negotiations, the lawyers listened to Tang Bao and Zelman constantly exchange views on the purchase price. When this problem was solved, the progress of the subsequent negotiations increased significantly, and they all subconsciously thought that the price problem was solved in the front. I didn't think about it at all.

Lawyers on both sides were embarrassed and kept apologizing. Next, start drafting the relevant terms quickly. But when it comes to issues such as the time of payment and how to pay, they can't help but look at Tang Bao and Zelman.

"Don, we need to pay in cash, we don't accept stocks, bonds, etc." Zelman emphasized. When it comes to a large amount of acquisition, many of them are paid in the form of shares, or specific bonds are issued to the acquiree, promising to repay the principal and interest when due. There are very few all-cash acquisitions! In the past, Zelman did not emphasize this point, and subconsciously thought that Tang Bao was too rich and would definitely pay cash.

But.

There are so many things in the world that are certain. Tang Bao has money, which is not a reason why he has to pay cash......

Zelman was concerned that Mr. Tang was not paying cash, but rather stocks or certain bonds that were "deferred." Then the egg hurts.

He is anxiously waiting for money to develop his radio and cable businesses.

"Huh. Mr. Zelman, please rest assured that I will buy it with all cash and will not pay for it with stocks, bonds, etc. Tang Bao assured with a smile.

Then.

Tang Bao added, "When the U.S. regulatory authorities approve it, we sign a formal acquisition contract, and I will pay 20% of the purchase price." The remaining 80% will be paid after taking over Universal Pictures and determining that there is no loss of assets during closing. ”

"yes, okay."

Zelman had no objection to Tang Bao's arrangement. As long as it is paid in cash, Tang Bao has no intention of delaying the payment of the purchase price. "Don, please rest assured that during the closing of equity assets, I will ensure that there will be no asset transfer at Universal Pictures. You can also send someone to supervise ...... in advance."

Well.

Tang Bao smiled and nodded, he could send someone to Universal Pictures to supervise in advance, which was naturally the best, and he didn't refuse.

In fact.

Zelman invited Tang Bao to send someone to supervise Universal Pictures in advance, one is to show a strong willingness and confidence in the success of the acquisition, and the other is also worried that Tang Bao will delay payment under the pretext of "asset transfer" afterwards. Maybe he was a careful person, but he felt that he would rather be cautious.

After decades of ups and downs in the business world, he has seen too many originally happy cooperations that broke up unhappily, and even went to court and settled grievances.

Soon.

The lawyers on both sides added all the terms negotiated by Tang Bao and Zelman, carefully checked them again, and found that there were no loopholes before handing them over to Tang Bao and Zelman to read. Of course, neither of them is a professional legal elite, and many things cannot be understood, and sometimes they will ask the lawyer.

About half-past eleven in the evening.

Tang Bao and Zelman initialed an agreement, and Tang Bao bought Universal Pictures for $5.6 billion, promising to pay the purchase price in cash.

After signing the agreement.

Participants from both sides simply held a small celebration with champagne held up in celebration.

……

The next morning, eight o'clock.

The American music company suddenly revealed that the American music company officially opened exclusive negotiations with Tang Bao on the sale of Universal Pictures.

What the?

American music company opens exclusive negotiations with Tang Bao? Isn't it in contact with Matsushita Electric in Japan, why did it suddenly change its mind?

Why is Tang Bao again......

Those who got the news were surprised.

Of course.

Surprised, surprised, but very attentive to the news. In particular, the reporters suddenly became extremely excited.

Someone went to an American music company for an interview to try to get more detailed information. Some went to Phoenix Investment Group to confirm the news...... It is difficult for reporters to find Tang Bao's figure, and it is even more difficult to get in touch, so all news materials involving Tang Bao are generally verified by reporters who go to Phoenix Investment Group for verification. The fame of Phoenix Investment Group is getting bigger and bigger, and it has gradually become synonymous with Tang Bao.

When it comes to Tang Bao, everyone generally thinks of Phoenix Investment Group, and if Tang Bao has something, everyone will also go to Phoenix Investment Group for verification.

But.

Phoenix Investment Group does not represent the whole story, and this time, it knows nothing about Tang Bao's acquisition. When questioned by reporters, the spokesperson of Phoenix Investment Group could only respond as "unaware". But in the eyes of reporters, it has become Tang Bao's acquiescence in disguise, but he is reluctant to mention the details of the acquisition.

"The American music company abandoned Panasonic and wanted to sell Universal Pictures to Tang Bao!"

"Tang Bao launched exclusive negotiations with American music companies on the acquisition of Universal Pictures, and Panasonic was out?"

"Tang Bao's eyes turned to Hollywood again......"

"Tang Bao Lightning acquires Universal Pictures and reproduces the classic operation!"

"The prey of Japanese capital was snatched again, and Tang Bao snatched Universal Pictures."

"History is strikingly similar, will the American music company be another Coca-Cola......"

……

The overwhelming news swept in, and at this time, Matsushita Electric, who was aware of it, learned that the prey they fancied was robbed by Tang Bao.

Panasonic was kicked out. Without them noticing, go straight out!

In the face of this result, the senior management of Panasonic Electric was all angry, and they hated Tang Bao's sudden intervention and the abandonment of the American music company halfway.

But.

Panasonic had no way to deal with Tang Bao and Zelman, and they and Zelman did not sign any negotiation agreement on exclusivity......

Members of Panasonic's negotiation team were unwilling, and someone tried to call the American music company theory. But he was stopped by a sane colleague. The American music company and Tang Bao have already started exclusive negotiations, so it is impossible to contact Panasonic during the term of the agreement.

Then.

Panasonic also only used the American music company and Tang Bao to start exclusive acquisition negotiations, and when the two sides could not negotiate the purchase price, they still had a chance......

But.

Soon, reality ruthlessly destroyed this last trace of fantasy of Panasonic...... (To be continued......)