Chapter 465: Sonny of Tragedy
After Li Lin's funds left, Sumitomo Mitsui Bank and international speculators once again launched a fierce fight, and the funds of both sides continued to enter the market, manipulating Sony's stock price, and the fight was so fierce that even ordinary investors realized that something was wrong here.
At this time, AOL Time Warner, which suppressed Sony's stock price, took the lead in withdrawing, and then submitted an application to Sony to acquire MGM, but this application was quickly denied by Sony, who had deep pockets, and even AOL Time Warner's people were kicked out of Sony, and it seemed that Sony was venting its dissatisfaction in this way.
With the exit of AOL Time Warner, the major funds and investment banks on Wall Street also have a tacit understanding to enter the market, and they buy Sony's shares at a low price, which is equivalent to Sony getting the help of a new force.
Although this help is not appreciated by Sony.
As soon as the international speculators saw that something could not be done, they immediately withdrew, and after leaving some of the profits earned in advance to Sony, they fled from Sony's deep cement pool.
Yes, deep cement pool, because Sony has not many shares circulating in the market, so to speak, Sony's own shares are on the verge of going down.
According to the laws of the stock market, once all the shares of Sony circulating in the market are acquired, then Sony will start the privatization process and kick Sony off the stock market.
Those international speculators don't want to privatize with Sony and speculate on stocks to become shareholders, which is a very tragic thing.
With the withdrawal of international speculators, Sony's turmoil has completely passed, and the media in the United States has been talking about the changes in Sony's stock price as if it were news.
The focus of their conversation was on the big battle between international speculators and Sony. They described the war as a tragic battle and a heavy loss for Sony.
In fact, this is also true.
Li Lin was the beneficiary of this war, because Li Lin swept away more than 400 million US dollars.
AOL Time Warner was the winner, although they didn't succeed in acquiring MGM. As a result, the funds borrowed from the hands of their Caier Street Bank did not get their due effect, but they swept away more than two billion dollars, making AOL Time Warner full of confidence.
Wall Street's investment banks and funds were also beneficiaries, and although they suffered some losses during the retreat, this part of the loss was a loss of estimated profits, and they still made a lot of money when they left the market because of Sony's stock buyback. Then, they took advantage of the low price of Sony stock to buy the same amount of Sony stock, in this in and out. They make a lot of money.
Not to mention international speculators, although AOL Time Warner is the initiator and the charger, they are the ultimate main force. Under their blows. Sony's stock has fallen to a tragic point, and they have benefited a lot.
Sumitomo Mitsui Banking Corporation is also a beneficiary.
In order to keep Sony's stock price, they invested more than 10 billion dollars to protect the disk, but the investment is also worth it, with the success of defending Sony, Sumitomo Mitsui Bank's share in the board of directors is a little higher, although it has not reached the point of control, but it is an indisputable fact that the influence on the board of directors is increasing.
There is only one loser. That's Sony.
Stocks were suppressed, and the market value evaporated in large numbers. Several key members of Sony's board of directors have shrunk one by one, and the financing of Sumitomo Mitsui Bank has diluted their shares, making their control over Sony's board of directors diminish, and there is a danger that their power will be sidelined.
Despite rejecting AOL's acquisition of MGM, Sony's acquisition of MGM became a chicken rib, with crucial MPAA seats canceled and MGM losing at least half of its value.
Subsequently, Sony began to reorganize its internal work. President Molineux is dismissed, Edgar is wanted, and the Mitsui consortium issues an order demanding that Sony do everything possible to end the lawsuit with Avril.
They do not want to, and do not want to get involved in the war with the AFL.
Although the Mitsui consortium is a large conglomerate and has strong strength, they are not the head of the land, and they think it is difficult and unnecessary to confront the AFL-CIO on the land of the United States.
Under such orders, the president of Sony Music, Howard . Stringer was dismissed, and the new president began negotiations with Avril instead.
During the negotiations, Sony Music promised to return Avril's copyright to Avril Lavigne, cancel Avril's contract with Sony Music, and restore her to normal form.
Avril immediately agreed, and the two jointly held a press conference to announce an out-of-court settlement.
At Sony's press conference, the new president of Sony Music said to reporters gracefully, "In fact, the conflict between us and Avril is mainly focused on the concept. ”
"Avril wants to make music that she likes, and we want Avril to make music that people like, and we have a big disagreement on that."
"That's why we're at odds with Avril."
Of course, it cannot be denied that the reason why this matter has come to this point is related to the former president Howard. Stringer's stupid policy has a lot to do with it, and under my leadership, Sony Music will change the cold and aggressive style of its former president, and strive to provide a more relaxed environment for Sony Music's singers. ”
"And Avril will still be in Sony Music?" A reporter asked.
"Of course not."
Avril replied, "I might set up my own music label and make music with other record companies, and as you know, being my own boss is the easiest thing to do, and I can make whatever music I want." ”
"So will you still work with Sony Music in the future?" A reporter said menacingly: "You know, you had a very unpleasant quarrel with Sony Music before. ”
"Why not?" Avril asked rhetorically, "As long as you can make good music, it doesn't matter who you work with, as for the unpleasantness of the past." ”
Avril paused and slowly spoke under the gaze of all the reporters, "Let him pass the unpleasantness of the past, people can't live in the past." ”
This sentence represents that Avril and Sony Music have completely reconciled, but no one knows whether they are really reconciled or not.
At the time of Sony Music's press conference, Li Linzheng and Steve. Keith meets.
"Congratulations Steve. Mr. Case, I believe that after this time, it is a sure thing that you will return to the president of AOL Time Warner. ”
Li Lin congratulated as soon as they met.
Although AOL Time Warner didn't buy MGM, they gnawed a chunk of meat from Sony, enough to feed the greedy directors.
And when they have eaten and drunk enough, they will naturally be rewarded greatly.
As the main contributor to this matter, Steve. Keys will certainly return to the upper echelons of AOL Time Warner, and his only position is president.
Thinking of this, Li Lin couldn't help but be shocked in his heart.
In a past life, Steve. Keys never returned to AOL Time Warner, even after AOL and Time Warner separated, Steve Brown. Case's failure to take charge of AOL, as if the world had evaporated.
And in this plane, Steve. With the prestige and interests of defeating Sony, Keys returned to the position of president of AOL Time Warner, and history went to a fork in the road.
As for Steve. After Keys returns to AOL Time Warner, whether he will bring AOL Times Warner to glory or decline, and whether the ending of the AOL Times Warner split up in the previous life will not appear, these Li Lin can't push it out.
But Li Lin didn't care very much.
Whether the AOL era Warner is brilliant or prematurely decayed has nothing to do with him, as long as the subprime mortgage crisis comes on time.
He doesn't believe that an AOL Time Warner could affect the subprime mortgage crisis.
You know, even Wall Street and the U.S. government have not been able to save the subprime mortgage crisis.
In the previous life, the U.S. government and Wall Street conglomerates had already sensed the arrival of the subprime mortgage crisis as early as half a year before the subprime mortgage crisis broke out, because the two major subprime mortgage crises at that time, Freddie Mac and Fannie Mae, applied to the government for bailouts, on the grounds that the capital chain was broken.
According to the news disclosed in the American newspaper afterwards, at that time, the two major real estate companies Freddie Mac and Fannie Mae released more than $500 billion in funds to make loans to American home buyers, but the funds they released were broken because the buyers failed to repay the money on time.
As a last resort, the two major real estate companies, Freddie Mac and Fannie Mae, applied to the U.S. government for assistance, hoping that the U.S. government could provide a sum of money to revitalize Freddie Mac and Fannie Mae.
After receiving the news, the Wall Street consortium immediately assessed the crisis that the collapse of the two major real estate companies might cause, and the result of their assessment was a crisis that affected the real estate and financial fields.
After all, the funds in the hands of Freddie Mac and Fannie Mae come from major banks and funds in the United States, and the collapse of the two of them will inevitably cause a chain reaction and cause huge turmoil in the financial industry.
As a result, Wall Street conglomerates provided funds to Freddie Mac and Fannie Mae on the one hand to delay the arrival of the subprime mortgage crisis, and on the other hand, they siphoned off their own funds to find a safe haven for funds.
After a delay of half a year, the Wall Street consortium evacuated safely, and at this time they were not providing funds, and as a result, Freddie Mac and Fannie Mae collapsed after losing the injection of Wall Street funds, and the subprime mortgage crisis finally came.
But they never expected that the subprime mortgage crisis was not only the subprime mortgage crisis, but also caused a chain reaction that exceeded the expectations of all evaluators, not only affecting the real estate and financial industries, but also the fields of film, logistics, factories and so on, which really triggered a financial crisis.
Clever Wall Street funds and investment banks have gone bankrupt in this storm because they provided their own funds to Freddie Mac and Fannie Mae, but instead reduced their ability to resist risks.
The subprime mortgage crisis in the United States has also responded to Europe, and major European banks have suffered huge losses in their statements due to their massive participation in the U.S. real estate industry.
These losses were reflected in the market, which immediately caused a heavy drop in the stock markets of various European countries. (To be continued......)
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