Chapter 601: The Subprime Mortgage Crisis Erupts

"07 years, Entertainment Paradise will be completely integrated Chinese music network and Tudou.com, will become a network of original music, network mini-series, micro movies and major TV series, movies, music resources of the entertainment video website, at the same time, ICQ mobile music player and Entertainment Paradise mobile phone client merger, to form a mobile entertainment base, this base will take a pre-installed mode implanted in the iphone mobile phone."

"In 07 years, the novel resources of all novel websites under the Gold Medal Group will be packaged and integrated into the micro-reading mobile reading software, which is also implanted in the iPhone mobile phone in a pre-installed mode, opening a new era of mobile phone reading."

"'07 ......."

At the beginning of 07, the gold medal group threw out a series of annual plans, which directly stimulated the stock price to rise, and many shareholders were moved by the beautiful scene described by the gold medal group, and bought the shares of the gold medal group to wait for appreciation.

And the plan thrown by the gold medal group has also impressed domestic and foreign banks and venture capital.

These institutions are like sharks that smell blood, rushing up to Li Lin and scrambling to give Li Lin a loan.

The reason is very simple, the prospects of the big plan thrown by the gold medal group are very impressive, so they can't wait to come over and get a piece of the pie.

And Li Lin did not refuse, as the so-called debts are too much, he is not pressing, and he is ambitious to use the subprime mortgage crisis to implement his big plan, so naturally he will not refuse the loan sent to the door.

In this way, Li Lin once again borrowed $2 billion from Wells Fargo, plus the funds he had raised from the stock market. He has more than $10 billion in money in his hands.

These funds, just the interest generated every day, are enough to scare ordinary people to death.

But Li Lin didn't make any changes. He just waited, waited for the subprime mortgage crisis to come, and that was the time when his poisonous snake hidden in the grass had a chance to strike.

In this way, the gold medal group operated in an orderly manner according to the plan formulated by Li Lin, and he threw out some achievements from time to time to stimulate the stock price.

In January, "World of Warcraft 2: War of the Old Gods", jointly invested and distributed by Universal Pictures and Gold Group, officially announced the start of filming. The director is still Peter Brown, the father of the Lord of the Rings. Jackson.

In February, the internal beta of "Crossfire" was promoted through ICQ and many other channels. CrossFire quickly caught the attention of fans as soon as it was in closed beta, and then in the open beta in March, more than a million people were online on the same day. The online media exclaimed that the gold medal group had picked up another gold-absorbing weapon. At the same time, the shares of the Gold Medal Group rose slightly again, with a total market value of 170 billion Chinese dollars, while the shares of the Gold Medal Group in Li Lin's hands quietly fell to 41% without interest, losing the absolute control of the Gold Medal Group.

It also means that as long as a large consortium launches a hostile takeover of the Gold Group, then the Gold Group will be in danger of changing hands.

However, Li Lin did this very secretively, and he was confident that even if someone perceived in the future that the shares of the Gold Medal Group in his hands had fallen to a very dangerous point. But at that time, the other party could not afford to make a hostile takeover of his gold medal group.

March. As soon as the news came out, the singers of the entire record company were shocked, and they called back to the company to ask what was going on, and even Zhang Huimei called Li Lin to ask if there was a problem with the company's funds.

It's normal to have a concert tour, but when an entire company's artists hold a concert tour at the same time, it is inevitable that people will wonder if there is something wrong here.

Li Lin appeased her and told her that it was not a problem with the company, it was just a strategy of the company, and then he appeased Zhang Huimei back.

The reason is very simple, the gold medal record company is not independent, he stands behind the gold medal group, the record company may have problems, but the group will never have problems, even if there is a problem, the media has already broken the news.

Of course, she would not have thought that the company was indeed short of money, so it needed its artists to go out to concerts to make money, although the money earned by doing so was not very much, but a little more was a little more.

In April, there were a large number of transactions in the stock market of the Gold Medal Group, but Li Lin did not care, it is not easy to acquire the Gold Medal Group, the 170 billion market value of the Gold Medal Group is even a consortium, it is very difficult to eat, and it takes time to mobilize funds.

Li Lin knew that the subprime mortgage crisis was getting closer and closer, and after the other party raised enough capital, the subprime mortgage crisis would break out.

He took himself as the target, and with the help of the power of the subprime mortgage crisis, he wanted to directly hit the consortium that was tempted by the gold medal group.

"What the hell is he trying to do?"

In the stock exchange, Wu Kebo sat on a chair with a glass of red wine, his eyes swept over the number displayed on the computer, and his brows furrowed from time to time, "Logically speaking, this kind of Cheng dΓΉ's trading volume should have attracted his attention, why would he be indifferent?" ”

He doesn't understand.

Why did Li Lin do this?

Li Lin seems to be really going to give up his group, otherwise, why would there be a large-scale buying in the stock market and be indifferent.

Only, why did he sell the Gold Group?

Is it just for the money to sell a good group with great development potential?

At the point where they reach this point, money is just a unit of measurement, a unit of power, if they only have money and do not want to protect their money with corresponding social status and influence, then the only end is to be attacked by those hungry wolves.

"Isn't that bad? Wu Jun. Katsuto Matsuura drank his tea lightly and laughed, "He gave up resistance, and we can eat the gold medal group at a lower price, which is very advantageous for us." ”

"I don't think there's anything wrong with him giving up resistance, as long as the gold medal group falls into our hands. Even if he has any means, it will be difficult to turn the tables. ”

Sony correspondent Kenichiro Yoshida said viciously: "There has never been anyone who can play with Sony and live a good life and acquire the Gold Medal Group." And that's just the beginning. ”

Li Lin and AOL Time Warner caused Sony's stock to be besieged, and Sony's top management will never forget it, and now that they have found an opportunity, they will naturally give Li Lin a hard blow.

What could hit him more than the acquisition of Li Lin's business?

"Mr. Wu, you just wait for our good news!" Kenichiro Yoshida said confidently.

"I hope so!"

In May, Sony made a takeover bid for the Gold Group and claimed to have a 20 percent stake in the group. As soon as this news came out, it immediately caused the gold medal group to shake up and down, and at the same time. Gold Group's stock began to rise.

Everyone knows that when the acquisition is carried out, they can get a piece of it, whether it is Li Lin's anti-takeover or Sony's acquisition. will raise the share price of Gold Group. As for whether Sony is setting off smoke bombs, they are not worried, and they have never seen anyone use 20% of the stock they have acquired to put smoke bombs.

However, Li Lin did not respond to this matter, he only faced the reporter's inquiry, and just said 'um' to say that it was over.

In private, he began to sell the shares of the Gold Medal Group in his hands, which caused the shares of the Gold Medal Group to fall slightly.

"Want to play with the idea of suppressing stock prices and then absorbing them? I want you to steal chickens and rice. Kenichiro Yoshida sneered, "Give me the plate." No matter how much he sells, we take it. I'm going to make his group a Sony subsidiary from the ground up. ”

"I'm going to destroy his career completely."

"Let him know how miserable it is to offend our Sony."

As a result, there was a crazy scene in the stock market, on the one hand, the market continued to fall, and on the other hand, there was a huge amount of money absorbing the market, which was like two masters who were competing for internal strength, to see who had more funds.

However, no one is optimistic about Li Lin.

Sony, as a veteran Japanese consortium, has always been the pride of Japan, and many Japanese banks have a very close relationship, and can borrow a large amount of funds at critical moments, on the contrary, although the momentum of the gold medal group is fierce, but in the end it is a new group, in the face of Sony's capital attack, there is no room to fight back.

Some financial magazines even said in a pessimistic tone that this was an invasion of the Chinese economy by a Japanese consortium.

It's just that the person concerned, Kenichiro Yoshida, felt that something was wrong, and Li Lin's actions seemed to really want to sell all the stocks in his hand.

He felt uneasy.

After consulting with Sony's board of directors, he then gave the order.

"Inform Sumitomo Mitsui Bank that we Sony need a loan of $20 billion to acquire the Gold Medal Group, and I remember that the Gold Medal Group and Li Lin themselves are burdened with huge debts, so inform those banks that lend to the Gold Medal Group, and sue them, the Gold Medal Group is going bankrupt, and if you don't collect the debt, it will be too late."

In June, Kenichiro Yoshida mobilized all the funds to sweep away the shares of the Gold Group in the market, and at the same time announced that Sony had become the owner of the Gold Group and demanded a reorganization of the board of directors of the Gold Group.

At the same time, however, defaults in the U.S. subprime mortgage industry have skyrocketed, U.S. financial markets have begun to fluctuate, and Kenichiro Yoshida's unease is becoming a reality.

In mid-June, Freddie Mac and Fannie Mae were exposed to a deficit of more than $140 billion, which immediately triggered turmoil in U.S. stocks, and U.S. stocks fell slightly.

Although Freddie Mac and Fannie Mae later declared that they were in good financial shape, they then offered the government that they needed $50 billion in bailouts.

As soon as this news came out, U.S. stocks fell again, and at the same time triggered a chain reaction, with European, Japan, South Korea, Huaxia and other stock markets falling slightly.

But no one is paying attention to these stocks anymore.

In late June, the New Century Financial Corporation, the second largest subprime mortgage lender in the United States, filed for bankruptcy protection, and since then, the subprime mortgage crisis has erupted in an all-round way.

However, all investment institutions that buy subprime mortgage contracts have been hit hard, and the stock markets of countries with more developed investment institutions such as the United States, Europe, and Japan have fallen sharply.

The Dow Jones continued to dive, and the three major European stock market indexes, the Nikkei, and the Hang Seng Index also plummeted, and the entire stock market was in mourning.

At this time, Li Lin, who had a huge amount of money, launched a takeover offer for Japan's Sony, and as soon as the news came out, it immediately shocked the whole world. (To be continued......)