KKR Group is not the most powerful investment firm on Wall Street, but it has its own unique business model, which was founded in 1976 by Kravis, Roberts's cousin and their mentor Kohlberg, whom they met while working at Bear Stearns, one of the Big Five, and takes its name from the initials of their surnames.

KKR Group is a well-known private equity investment institution in the U.S. stock market, the so-called private equity mainly refers to its funds from a small number of private investors and institutional investors, in addition to the characteristics of the general private equity source of funds, the most different point is that the company often uses high leverage to acquire.

At the beginning of the establishment of KKR Group, the main source of funds was bank loans, and they relied on their connections to borrow funds from banks, so that they could invest in the stock market to make a small profit, often staged the case of a small snake swallowing an elephant. Thanks to KKR's superb investment level, although the risk of leveraged buyouts is extremely high, the returns are often huge, relying on this leveraged buyout stunt, KKR has jumped from a small workshop to a star investment firm on Wall Street.

KKR now manages nearly $50 billion in market capitalization, and they have a better way to raise capital. Bank loans are no longer KKR's primary source of leveraged funding, and KKR is now raising money by issuing junk bonds (bonds that are not rated by Standard & Poor's and have guaranteed returns, but are likely to be paid off normally). Once a company is targeted by KKR, it often becomes meat on the cutting block, and KKR will suck every drop of bone marrow of the company before selling it.

This time, KKR has its eye on Motorola, but not because there is anything worth investing in Motorola itself, but because Motorola has become the lifeblood of the battle between Yota Communications and AT&T.

Yota Communications has already made a heavy bet on the Iridium program, and now there is no turning back, and if KKR manipulates Motorolo's board of directors to withdraw from the Iridium program at this time, Yota Communications will suffer huge losses. And for AT&T, Motorola is just as important, and if KKR sells its stake to AT&T, then Yota Communications will be cornered. At that time, AT&T may be able to take advantage of this to buy or acquire the king of mobile communications.

This investment by KKR is nothing short of a tiger's mouth. However, both Yota Communications and AT&T have missed this weakness of Motorola, and KKR's capital blackmail is already destined to eat Yota Communications and AT&T. However, judging from the report of Bloomberg News, KKR is more optimistic about AT&T, because everyone on Wall Street knows that Goldman Sachs and Morgan Stanley are on the side of AT&T in this communication battle. Without Motorola's satellite technology, Yota Communications would never have been able to turn over.

Eva now regrets her carelessness, and has always focused only on Yota's technological lead, ignoring the capital issue. Yota was unable to go public to win more investors due to its own willingness, which also limited the development of Yota Communications in disguise, and now even if the entire Gorky system is staked up, it is useless, even if Seryosha is rich, it is impossible to compete with top investment banks such as Goldman Sachs and Morgan Stanley.

The news of KKR's sniping of Motorola soon spread throughout the Wall Street investment community, and now those investors on Wall Street finally understood the logic of investing in Motorola, and everyone began to eat Motorola's stock frantically, and everyone wanted to get a piece of Motorola's stock before AT&T made a move.

However, if you want to make money, you can't just buy Motorola shares, according to the current situation, after AT&T takes another 20 percent of KKR's shares, it only needs to take another 10 percent, because once a company gets 30 percent of the shares in the open market, it can submit an acquisition offer to the New York Stock Exchange, that is, whoever grabs 10 percent of the chips first is qualified to negotiate with the wealthy AT&T.

Eva had tried to find some collaborators from Wall Street to try to make the same acquisition of Motorola, but Eva acted too late. Wall Street investment institutions are not optimistic about her. Moreover, Motorola's stock is now almost a price a day, and it is estimated that Eva will have to spend a lot of money if she wants to prevent Motorola from being acquired. This is far beyond the limits of what Yota can handle. Even if all of Yota's liquidity is taken out now, it is impossible to eat 30% of Motorola's shares.

In desperation, Eva had no choice but to contact Seryosha again. When Seryosha heard the news, he also felt a little tricky. All along, Eva's Yota communication has been smooth sailing in the development process, and she never imagined that one day she would be cornered by a small KKR.

"How long will it take for our satellite communications experiment to be completed?" Seryosha tried his best to calm his tone, he didn't want Eva to worry too much about these things, Yota Communications has never been in contact with the capital market since its development, and it has always been Seryosha who has invested privately, and excessive protection has made Yota Communications lack vigilance and vigilance against Wall Street. Seryosha has some connections in the British investment community, but he has no roots in the United States. Moreover, behind AT&T stands the super-luxurious investment lineup of Goldman Sachs and Morgan Stanley. Not to mention Seryosha, even if all the banks of the USSR are combined, they are not the opponents of these two investment banks.

"It will take about a year and a half, but now that Motorola's attitude has changed, I'm afraid that the other party will break the contract!" Eva said in frustration.

"Eva, don't worry about Motorola, the Iridium project continues, and I'll take care of the rest?" Seryosha comforted Eva on the phone.

"But Seryosha ......"

"There's nothing, don't worry, I can handle this matter!" Seryosha interrupted Eva and reassured.

……

In New York, in a small and inconspicuous investment consulting firm lined with Wall Street, the two founders are carefully reading all the public information of Yota Newsletter since its inception in order to get a deeper understanding of the company. On the door number of the company's office, there is an inconspicuous name - BlackStone.