Chapter 645: It Hasn't Started Yet
On June 19, Gold Group and General Motors announced that they could not agree on the acquisition, and the two sides officially stopped contact.
Externally, the gold medal group claims that the debt of General Motors is too large, and the general motors company is too ruthless, not only does not allow layoffs, but also does not allow the elimination of loss-making institutions, this kind of company, once swallowed by the gold medal group, will immediately become a stubborn stone in the stomach of the gold medal group, so that the gold medal group indigestion, so the gold medal group officially announced that it would abandon the acquisition of General Motors.
General Motors, on the other hand, announced that the Gold Medal Group had no sincerity at all, not only dragging it out at the negotiating table, but also leaving the negotiating table at every turn, which was the most rude and barbaric negotiating team they had ever seen, and they believed that the Gold Medal Group had no sincerity in acquiring General Motors at all.
The two sides put the blame for the failure of the acquisition on each other, and there was a big war of words.
The U.S. market was very disappointed with the response.
The well-known financial magazine said in a pessimistic tone: "The electrocution failure of the Gold Medal Group and General Motors, no matter who is responsible, means that General Motors has lost the last life-saving gall grass, and perhaps bankruptcy and liquidation are its only choice." ”
It certainly didn't expect it to be a prophecy.
In fact, at this time, although many people felt that GM was in a bad financial situation and thought that GM was having a hard time, no one would think that GM was bankrupt.
Because the reason is very simple, there are too many employees of General Motors, and there are too many manufacturers attached to General Motors, and if General Motors goes bankrupt, the danger will be far more than just the bankruptcy of General Motors. So the U.S. is bound to lend money so that General Motors can survive.
The U.S. stock market said that the stock market of General Motors evaporated hundreds of millions in an instant. This part is the stocks that have risen during this time.
Originally, GM was acquired by the Gold Group, which made many shareholders optimistic about the future of GM. Now that General Motors and the Gold Group have been electrocuted, they have immediately evaporated hundreds of millions of dollars in market value.
And in Huaxia, the gold medal group has just risen to a market value of 270 billion yuan and fell, evaporating the price of billions of Huaxia coins out of thin air, and the shareholders of Huaxia are also quite optimistic about this acquisition, so when the news of the acquisition came out, the gold medal group uh stock suffered a crazy robbery, and the stock rose wildly.
Even after some financial experts announced in a pessimistic tone that Gold Group had acquired General Motors. will inevitably be dragged down to the point of crushing by General Motors, but it still can't stop the madness of shareholders, and after the gold medal group announced the electrocution failure with General Motors, only a part of it evaporated out of thin air.
The reason is very simple, General Motors needs to rely on the Gold Group to save its life, so shareholders always pay attention to the movements of General Motors, and the financial situation of the Gold Group is very good, and shareholders do not need to worry every day about when the Gold Group will collapse. Naturally, I don't care about every move of the gold medal group, unless something big happens to the gold medal group, but like that kind of big event, the financial magazine will definitely report it. Therefore, many people buy the shares of the Gold Group and then still put them aside, ready to use them as long-term stock investments.
On June 20, Gold Group applied for the acquisition of Activision Entertainment. A $9.2 billion offer was made to Activision's board of directors for a wholly-owned acquisition, and once the request was nodded by Activision Entertainment's board of directors. Then Activision Entertainment will become one of the subsidiaries of the Gold Group.
At that time, a series of game masterpieces such as Torture Original, Call of Duty, Quake, Total War, etc., will become a sub-brand of the Gold Group.
June 21st. Gold Group made a $400 million offer for Hollywood's top special effects company, Digital Domain, and similarly promised Gold Group that if the acquisition was successful, Gold Group would be saddled with debt in the digital field.
This offer made the top management of the digital field tempted, and they immediately formed a negotiation team to negotiate with the gold medal group.
The reason is very simple, the price of 400 million US dollars is a very ridiculous price for the special effects company 'digital field', which is second only to industrial light and magic in the United States, and this price is so low that the 'digital field' will not even look at it, but it is different for the gold medal group to take on the debt of the 'digital field'.
So far, the digital sector has been saddled with about $337 million in debt, of which only about $80 million has been able to be repaid, which may sound like a downfall, but it is true.
The subprime mortgage crisis and the strike of the writers' union hit not only Hollywood studios, but also special effects companies, especially in the subprime mortgage crisis, Hollywood companies began to transform into literary films, and the income of the director zhì 'digital field' plummeted, from the outbreak of the subprime mortgage crisis in 07 to the present, the income of the 'digital field' is only a mere $120 million, remember, this is income, not profit.
After deducting costs, the revenue of the 'digital field' was only a pitiful $30 million, which fell below the historical level of the 'digital field' to become the second American special effects company after ILM, and hit a new low.
And this revenue, as soon as it was announced, immediately caused the stock of the 'digital field' to shrink significantly, and the market value fell to only $400 million, although the people of the 'digital field' claimed that with the economic crisis passed, the revenue of the 'digital field' would definitely return to normal levels, but investors did not have any hope for the stock of the 'digital field', and under their sell-off, the market value of the 'digital field' soon shrank to $400 million.
Li Lin's acquisition is a premium acquisition for the current market value of the 'digital field', but it is also a blatant robbery for the people in the 'digital field', so they don't think that their 'digital field' is only worth $400 million.
They stubbornly believe that this is due to the subprime mortgage crisis, and that as long as the film market picks up and Hollywood studios refocus on the big productions, then the 'digital realm' will get a steady stream of orders.
Of course, they would not have imagined that in a few years, the 'digital field' would be completely bankrupt, and the second-strongest special effects company in the United States would have been swept into the dustbin of history, if there were no powerful people to save the 'digital field'.
However, it is fair to say that the reason why the 'digital field' fell to the point of bankruptcy was entirely due to the impact of the subprime mortgage crisis, and in response to the subprime mortgage crisis, the 'digital field' began to cut its investment in special effects, so that the 'digital field' was snatched up by a succession of rising stars, and eventually went bankrupt.
If the 'digital field' can get a large injection of money in the subprime mortgage crisis, it will not be impossible to compete with industrial light and magic. Weta Digital is battling it out again.
Therefore, Li Lin directly submitted an acquisition application for the 'digital field', and once the 'digital field' accepts his acquisition, he will immediately inject a large amount of money to help the 'digital field' enter the technology research and development.
Because his idea of acquiring the 'digital field' is not to make money from the 'digital field' at all, but to improve his own industrial chain, and some industries, even if they know that they will lose money, they must let them throw money inside.
Three days later, on June 24, Activision Entertainment responded to the acquisition of Gold Group, declaring that it was willing to negotiate with Gold Group, and the two sides began negotiations.
Syllable!
Wu Kebo slapped the table fiercely, "You said that the theater chain refused to cooperate with us?" ”
His voice gradually became cold, "They actually dare not cooperate with us, it seems that your eloquence is not very good, the king of your tiger skin has not been able to scare the hospitalization line and let them cooperate with us, I am really disappointed in you." ”
"I didn't expect that they would dare not to sell your face, Mr. Wu." The king sipped his wine glass and didn't let go, "I said that Mr. Wu spoke, but they refused, it seems that Mr. Wu has no status in their hearts, otherwise, Mr. Wu will deal with them?" ”
"Don't test me, you know I can't handle them." Wu Kebo said coldly.
Everyone knows how deep the background of the pioneers who can enter this cinema line when the country has just opened up the cinema market, after all, the tickets for the cinema chain are not so easy to get, and similarly, the cinema chain needs a lot of financial resources.
can say that the film and television department was moved, and hundreds of millions of funds were invested in the establishment of a theater chain in 2000, which ordinary people can't play.
Although Wu Kebo's face is big, he is not good enough to order them.
"Then it can't be helped." The king spread his hands outstretched, "Although I really want to move them, it is one thing for them not to want the gold medal theater to continue to expand, and it is another thing to not get along with their own profits." ”
"As one of the six giants of Hollywood, the Gold Group has a large number of films in its hands, especially for some reason, Sony, Time Warner, and those groups are all on the side of the Gold Group."
"Rejecting the Gold Medal Group is tantamount to rejecting Hollywood, those theaters, don't dare to say that."
Now the Chinese film market is an era when domestic films and Hollywood films divide the world equally, and even vaguely Hollywood blockbusters still overpower domestic films, so those theaters will not confront Hollywood films, unless it involves sharing this kind of agreement that has shaken their foundation, otherwise, the theater chain can endure it.
Just like when domestic films were popular earlier, the theater chain was willing to be a predator lurking underwater, no matter how the film and television company was in the limelight, and even made profits to the big directors again and again, but when the film and television company collectively moved the cheese of the theater, the theater chain immediately paid the water, showed its muscles, and fought with the film and television company. (To be continued......)