Chapter 104: Black Warrior
In Manhattan, New York, there are many world-renowned financial companies, but there are also countless small companies like Blackstone. Every day, there are investors with dreams who want to prove their abilities in the heart of the world's finance. I hope I can take revenge. But the competition here is brutal, and many companies disappear without even a ripple, as if they never existed.
The three founders of KKR Group are role models for these small companies, from unknown to famous, and the three founders of the group used their own experiences to tell the elite of Wall Street that if you don't want to spend your life all your energy making huge profits for the big five investment institutions such as Goldman Sachs, Morgan Stanley, Bear Stearns, Merrill Lynch and Lehman Brothers, then come out and start your own business. As long as you can find the right way, even if you are a small company, you can still get Goldman Sachs and Morgan Stanley to come to you.
When Eva's assistant handed her business card to the KKR staff, the reply was, "I'm sorry Ms. Eva, because you didn't make an appointment in advance, so we can't accommodate you today." ”
"It's okay, I can wait!" Eva said with her anger suppressed.
"Are you really sure you want to wait? The schedules of our partners are already full, you see that the vice president of Bear Stearns is sitting in the conference room over there, and there are some other companies that want to discuss cooperation with us, I think it is really not appropriate today, why don't we leave your contact information, and wait until the schedules of our three partners are vacant, and we will contact you again? KKR's receptionist tactfully evicted the customer, and Eva swore that she had never been so quiet since she was in business, but now she was going to bow to the small KKR company.
Eva held back her anger and said to the other party: "Then thank you, it seems that we are really not here at the right time!" Eva almost got up and left the conference room, but his assistant grabbed her bag and chased after her.
It's been two weeks since Bloomberg News broke the news of KKR's leveraged buyout of Motorola. During this time, Eva has been in contact with major investment firms in New York, such as Bear Stearns, Lehman Brothers, Deutsche Bank, Merrill Lynch, and even Goldman Sachs and Morgan Stanley, who stand behind AT&T. However, nothing came of it, and all these big investment banks were unwilling to come forward to confront the KKR Group, but persuaded Eva that it would be better to sell her stake and become a subsidiary of AT&T. They look at Yota Communications like a dying prey. And just a few years ago, when Yota Communications first announced a strategic partnership with AT&T, the investment company that wanted to help Yota Communications IPO braved the heat of more than 40 degrees Celsius to crowd the parking lot of Yota's headquarters.
Eva has completely felt the ruthlessness of capital during this time, when you don't need these people, these people are like nasty flies pestering you, and when you really need something, these people ignore you. Now there seems to be only one path before Eva, and that is to allow new investors to join Yota Communications' board of directors.
Eva didn't tell Seryosha what had happened, she only learned about Seryosha from Karim and Tonya. During this time, Seryosha has been contacting investment institutions in the British City of the United Kingdom, hoping to find investment institutions that can confront Goldman Sachs and Morgan Stanley, but Yota's current situation has been known to investors on the Atlantic side, even if Seryosha has a good relationship with them, they lose confidence at the thought of going to fight against Goldman Sachs and Morgan Stanley. Now, even Bear Stearns, Motorola's largest investor, is inclined to abandon the Iridium program in favor of AT&T's network plan. Motorola was originally a major supplier to AT&T, and investing in AT&T would make their lives better. As a result, with the acquiescence of Motorola's management, the development of Iridium slowly came to a standstill.
Mikhail's fundraising in Japan has also not been smooth, because Japan has only recently adopted Eva's second-generation mobile communication technology to build its own communication network, and Eva's Iridium plan is tantamount to competing with Japanese telecom operators, so Japanese financial institutions are naturally reluctant to help at this time. However, the Japanese consortium is also interested in Yota's technology, and the acquisition can be done, and the cooperation is not negotiable. Although the Japanese do not do things so directly, Mikhail still touched the ashes of his nose.
Things have come to this point beyond Seryosha's expectations, and Yota communication is the pride of Seryosha and Eva all along. Although the company's technology comes from the Altai communication system of the Soviet Union, Seryosha has invested a lot of resources, and now the second-generation communication system, which is unique in the world in terms of technology, has been successfully developed, but it has encountered such great difficulties in the process of facing the market, which Seryosha has never imagined.
Seryosha is constantly looking for new investors, but it is almost impossible to find a large consortium around the world that can compete with Goldman Sachs and Morgan Stanley. After the signing of Japan's Plaza Accord, Seryosha has invested most of his working capital, including the Soviet Foreign Trade Bank, in the foreign exchange market, and now conservatively estimates that he has earned a profit of about $1.5 trillion. Perhaps this amount of money can be compared with the scale of funds managed by Goldman Sachs, but in terms of financing ability, Goldman Sachs also stands behind a large amount of funds, including the Canadian Pension Fund, the Dutch National Pension Fund and other institutions, and their customers are all over the world's richest class, even the royal family in the Middle East is happy to hand over their wealth to Goldman Sachs and Morgan Stanley. Under this relationship, Seryosha simply cannot compete with Goldman Sachs. In fact, not to mention Seryosha, even the governments of most countries around the world are probably no match for Goldman Sachs.
If Seryosha's Gorky system were to go toe-to-toe with old chaebols like Goldman Sachs and Morgan Stanley, they would have no chance at all. While Seryosha was still struggling to figure out how to respond, AT&T, which was sharpening its knives, finally gathered its butcher's knives. On the last trading day before the 1986 Independence Day holiday, AT&T announced that it had reached an agreement with KKR to acquire all of KKR's shares in Motorola at a high price, and at the same time, the Black Knight, who had bad intentions, was the biggest winner in the deal.