Chapter 131: Confrontation with the former richest man on the West Coast
There is a gambling king in Haojiang.
In Las Vegas, USA, *** is also legal.
Therefore, the United States, like Haojiang, has also had gambling kings.
Among the rich people alive in the United States.
To get this title, it has to be Kirk μ· Kokrian.
At the height of Kirk Cockrian's power, he alone was in charge of nearly half of Las Vegas' gambling revenue.
At the same time, he sold twice and acquired MGM Pictures three times, and owned the Westside Casino, MGM Grand Hotel, etc.
He is known as the "designer" of Las Vegas, which is now famous, and Kirk Corkrian is at least half of the effort.
Before the advent of the Internet giants.
Kirk Corkrian, who has long been the richest man on the West Coast of the United States and the richest man in Los Angeles for a long time.
Last night
When Charlize Theron went to the hospital for a check-up.
Abel in the executive hallway of the Hilton Hotel.
met with this veteran rich man.
The reason for the meeting between the two was that Abel wanted to buy MGM Films, which was controlled by Kirk Kokrian.
As one of the Big Eight in Hollywood.
MGM Films, which reached its peak in Kirk Cockrian's hands.
In the same way,
It was also in Kirk Cockrian's hands, and it became what it is now.
Among the eight major Hollywood companies, MGM is the only company that loses money every year.
After holding the company again for four years, and after four years of serious losses.
Plus some personal business needs.
Kirk Corkerian had the idea to sell it again for cash.
At this time, Abel came to the door.
It just so happened that Kirk Cockrian was nearby, and he ran over himself.
The two of them met.
Kirk Corkerian has the intention of selling, and Abel is interested in buying it. @η²Ύε\/Shuge*First update~~
The deal between the two should have gone very well.
The reason why it wasn't done last night was that the two of them didn't negotiate the price.
Kirk Corkerian insisted that MGM films be sold in two packages of $6 or $10 per share.
Abel disagreed.
He insisted that MGM is in the current situation.
The price of both plans is a maximum of $3-$6 per share.
MGM Films' total share capital is about 245.83 million.
At $6 a share, the total value is about $1.475 billion.
In 1996,
Kirk Cockrian spent $1.3 billion on the third purchase of the company.
If it were sold for $1.475 billion, Corkrian would still make money at that price.
In fact, as early as 1986-1990, Kirk Kokrian did something similar once.
In 1986, he bought MGM for the second time for $1.45 billion.
In 1990, MGM was sold for $1.3 billion.
A loss of 1.5 billion.
This time, it was changed to earn $175 million, although the income was small, Corklian was naturally happy.
But in the end, the two sides had another problem over who should bear MGM's debts.
MGM hasn't made much money since it entered the 90s.
After years of losses, the external debt has come to a very serious level.
Kirk Corkrian said that if Abel was only willing to pay $6, he would not be responsible for the slightest foreign debt.
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If Abercan had paid $10, he would have borne half of MGM's foreign debt.
Calculate it and follow this scheme.
Kirk Corkerian still made almost a hundred million dollars or two, and successfully shot this loss-making mess of Hollywood's Big Eight.
Abel naturally didn't agree so easily.
He offered six dollars and did not accept any foreign debt.
Or three dollars a share, and assume all foreign debts.
Two people on this. (This chapter is not finished!) )
Chapter 131: Confrontation with the former richest man on the West Coast
surface, there was a more serious conflict.
In the end, the price was not negotiated, and last night had to be unhappy.
Unexpectedly, today, Kirk Corkerian came to the sprinkler shop very early.
That's when Abel got up and went downstairs to continue meeting the old rich man's affairs.
After Abel finished talking about it, Charlize Theron, who accompanied him to the elevator downstairs.
Finally confirmed that the information she got on the computer last night was true.
The Corkerian that Abel wants to meet is really the boss of MGM movies, that Kirk Corkerian.
"Are MGM movies heavily indebted?"
Although he is an insider in Hollywood, Charlize Theron is just a second-tier star in the industry.
In Charlize Theron's eyes, MGM is a behemoth.
She really didn't know that this giant could be so bad.
In the elevator,
Last night, her evening dress had been torn to the point that she couldn't wear it.
At the moment, Charlize Theron, who is wearing a women's casual dress sent by Abel.
It looks generous and decent, beautiful and sexy at the same time, and looks very young.
Well, she is indeed still young, too.
Charlize Theron, who was born in 1975, just turned 25 this year.
Well-maintained and naturally beautiful, she looks younger than the average 25-year-old Yanpony.
"It's serious. MGM is now worth about $1.4 billion to $1.5 billion. However, its external debt is close to $2 billion. β
In the elevator, Abel put one hand on her waist and reached into the hem of her clothes to rub her delicate skin.
Abel held his other hand and made a few gestures, "The money owed is more than the value of the company itself." This makes the cost of taking over MGM more than $3 billion. β
"In the whole of the United States, there are not many people who are willing to take over such a company."
Feel someone's big hand wreaking havoc on your skin.
Charlize felt itchy, and there was a little ambiguous.
These numbers she heard from Abel's mouth.
It made her speechless.
Good guys, a dozen billion dollars, more than 300 million dollars in business.
made her feel that she signed a contract with Abel this time.
It seems to have signed it right.
Soon, the two came to the executive corridor of this Hilton hotel.
Kirk Corkerian, who is eighty-three years old this year but is still in good spirits.
Waiting for Abel.
Seeing Abel's reappearance today, there is a glamorous girl like Charlize Theron around him.
The old guy gave Abel a man who knew how to look at it.
Then in the 80s, the old man who was once comparable to Warren Buffett in the investment world said:
"Oh~ It's good to be young. When I first bought MGM, it was the same as you are now, changing to a different beautiful female star every day. β
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"That was 30 years ago, and I was in my fifties. It was a wonderful time. β
"Later, when I had a weak heart. I sold MGM. β
"Buying later, it's already pure investment and doing business."
Kirk Cockrian has a sense of humor and fun, and seems to have a bit of this character in the gambling industry.
Last night, Abel had seen his disrespect for the old man in his words.
This guy from a poor background is fundamentally different from the top rich people Abel met before.
Seeing him say this, Abel took a somewhat reserved Charlize and sat down opposite Kirk Corkrian.
"Mr. Corkerian. When you're as young as I am, you can't go in and out with Hollywood's top beauties like me. β
Abel spoke, "I'm only twenty years old now. When you were twenty years old, you seemed to be still learning how to fly an airplane, right? β
Kirk Cockrian pursed his lips and muttered:
"I don't know that young people should respect old people!"
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Chapter 131: Confrontation with the former richest man on the West Coast
Because Abel is right, Kirk Corkrian's real fortune will not be until he is about forty years old!
"Alright." Abel spoke again, "Mr. Corkerian. Let's put our conversation on MGM. β
When it came to business, Kirk Cockrian also got serious.
The old fellow looked at Abel and said with a smile:
"You were looking for me last night, and today I was looking for you. $9, how about I am responsible for half of the foreign debt? β
$9 a share?
Abel did a quick calculation and found that it was almost $2.21 billion.
Add in half of the external debt, which is close to a cost of more than $3.2 billion.
$3.2 billion, becoming one of the eight masters of Hollywood.
He doesn't think it's bad business.
The key is that the foreign debt of about $1 billion does not need to be repaid immediately.
As long as you can afford to pay the interest, the repayment period is not reached.
MGM can always owe it, which is why it can borrow so much money.
And Kirk Corkerian's side, if it is sold at this price.
Kirk Cockrian can actually get more than $1.2 billion.
in other words
This time, Kirk Corkerian is going to lose about $100 million in the MGM business.
Last night
Abel later offered MGM $10 a share.
Throw it to Smith Capital and let the company's traders and analysts analyze whether the price is profitable.
Analysts on Wall Street generally believe that this is not a bad deal.
MGM itself has a large number of IP copyrights, as well as a movie library, which is worth more than one billion dollars.
At the same time, it has many other fixed assets.
For example, the company's headquarters building, the studio, and various shooting tools and venues.
It also has a strong film brand value, as well as a strong distribution ability at the eight levels of Hollywood.
That's why it loses money every year, but it can always borrow money and continue to lose.
So much so that the debt ratio is already so exaggerated, but the reason why it can continue to operate.
This is still from the perspective of Wall Street.
If you stand in Hollywood's perspective, it is estimated that it will be more valuable.
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The price of ten dollars, Abel agreed to it in his heart last night.
It's just that he still wants to take a pinch and lower the purchase price.
After all, it is a big business involving more than three billion dollars, which is equivalent to a little less than half of his current net worth.
It's just that apparently Kirk Corkerian is in a hurry.
Corkrian, on his own, took the initiative to lower the price.
"$9." Abel pretended to groan, "That's me going to pay about $2.2 billion." And a billion dollars or so in foreign debt? β
Kirk Cockrian nodded.
Charlize, who was sitting next to him, was even more nervous than the two people who were negotiating.
Where has she seen this kind of business negotiation that can easily cost billions or billions of dollars?
Even though she was just listening to it at the moment, it made her feel very excited.
It was as if she herself was involved, as if she herself had become one of the members in such business negotiations.
This made her occasionally look at Abel's gaze more and more dependent.
"How about $8." Abel tried to lower the price one last time.
"Nope." Kirk Corkerian immediately refused, "$9 minimum." @η²Ύε\/Shuge No Mistakes Start~~ This is my last sincerity, and it is also my bottom line. β
Kirk Cockrian also wanted to say that if it weren't for the fact that he was in dire need of a lot of cash lately.
And last night Abel said that he could pay all in cash.
Kirk Corkerian won't be running over today.
For nearly half a year.
Kirk Cockrian is repeating a business investment he made in the early and mid-90s that was similar to Chrysler and Mercedes-Benz.
In that plan a few years ago, he made a profit of $2.7 billion.
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Chapter 131: Confrontation with the former richest man on the West Coast
Although it took almost 6 years, it was the most he made in a single investment.
This time he saw an opportunity.
He wants to replicate the investments in Chrysler and Mercedes-Benz in the General Motors Group.
Halfway through the plan.
Cockrian has acquired a large number of shares in General Motors in both the primary and secondary markets.
Halfway through the plan, he suddenly discovered that there were a lot of players on the way.
Kirk Cockrian found that many people on Wall Street were staring at him as if they were nothing.
This made Kirk Corkrian realize that after his last investment.
Wall Street is very sensitive, and this time someone on Wall Street also wants to follow him for a soup.
Kirk Corkrian must ensure that his cash flow is stronger in order to avoid being robbed and harassed along the way.
Unwilling to admit defeat, Kirk Cockrian began to raise a lot of cash.
Due to the special situation, he did not dare to reach out to banks or financial groups.
Because these guys are likely to lend him money with one hand and try to rob him with the other.
Don't look down on Wall Street's conduct, or rather, Wall Street doesn't have such a thing.
Kirk Corkrian's idea was moved to his own industry.
Among them, MGM is losing money every year, but it is still very popular in the market, and it has become his first target for sale.
A few months ago, there were rumors that he was going to sell MGM movies.
Many people came to inquire, only to hear that Kirk Corkerry's security department wanted cash.
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They basically shook their heads and ran.
Not many people can afford more than two billion dollars in cash.
What's more, MGM still has a terrifying foreign debt.
At this time,
Abel, who came to Los Angeles, heard the news.
Abel, who was a little excited, came over.
And Kirk Corkrian learned about it in some channels.
The cash flow of this young rich man in front of him can be regarded as the strongest in the United States.
Last night
Abel also said on the spot that he could pay all in cash.
This is what Corkrian cares about the most.
It's just that the follow-up price can't be negotiated.
After Abel returned, he asked Smith Capital to analyze whether the deal was worth it.
Kirk Corkerian was not idle when he returned, and also sought out certain sources.
With these sources, he reconfirmed Abel's ability to pay in cash.
That's why today's Kirk Corkrian, who took the initiative to come to Abel again.
To put it simply, Kirk is willing to lose $100 million or 200 million and sell MGM.
But he needed cash, and the deal had to be done entirely in cash.
It was used to support his investment in the General Motors Group.
It's just that no matter how low the price is, the loss will be more.
Kirk μ· Cockrian was reluctant.
The old guy bit nine dollars to death and didn't let go.
Able could also see that he was resolute.
$9 a share, $240 million less than the projected $10.
Psychologically, Abel has not resisted this price.
He pretended to mutter for a few more minutes, under Kirk Corkrian's watchful gaze.
In the sound of Charlize's somewhat suppressed breathing.
Able smiled suddenly, stood up and stretched out his hand to Kirk Cockrian on the other side.
"Pleasant to work with, Mr. Cokerian. Congratulations, you have more bullets and a better chance of making a fortune in another market! β
Abel's previous words made Kirk Corkerian laugh.
The latter words made Kirk Corkrian stunned.
Kirk Corkrian, while standing up and shaking hands with Abel, said with a wry smile:
"Looks like I'm on the East Coast, and I'm going to do a lot. (This chapter is not finished!) )
Chapter 131: Confrontation with the former richest man on the West Coast
How many people know? β
Even the young man Abel knew, and Kirk Cockrian didn't doubt his judgment.
After shaking hands and letting go, Abel smiled and said:
"Mostly Mr. Corkerian, your investment in Mercedes-Durham and Chrysler was too successful. That's what makes it so compelling. β
Let's not forget that Abel is also a Wall Street guy now, and he's still in the heart of the city.
To some extent, he is watched and even valued by giants.
It can also be regarded as one of the giants of Hollywood.
Wall Street, there are very few secrets that can be hidden from him. _o_m
Unless he's not interested.
Or it's about him.
Yesterday evening, while communicating with David and Smith Capital.
It was through David that he learned a little about Kirk Cockrian.
He also has a better understanding of Kirk Cockrian's current situation.
But what Abel didn't know was this Kirk Cockrian deal.
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In parallel time and space, it was really harassed by Wall Street and did not compete for complete success.
It's just that there is harassment.
Kirk Cockrian in parallel time and space still made about $700 million from this investment.
Then Kirk Cockrian in the parallel time and space, in 2009, wanted to play again.
After Chrysler, Mercedes-Benz Daim and General Motors.
In alternate time and space in '09, Kirk Corkrian's eyes were on Ford.
This guy probably likes car companies very much, and has an indissoluble bond with car companies.
As a result, in the case of the first two profits, the third Kirk Cockrian completely failed.
I didn't make any money, and I lost more than a billion dollars.
Hunting geese all day long, I was pecked by geese in the end.
These are the things that Abel doesn't know.
He just wants to get this historic movie in Corkrian's hands now!
MGM Movies!
Even if there are some warehouses and the price is very high, he doesn't want to let go.
The main thing is that it's too sudden.
Before coming to Los Angeles, he really didn't know that Kirk Cockrian was interested in selling MGM.
This time, David Jones got the news by accident when he arrived in Los Angeles.
Then David told him about the boss, and Abel was very excited when he found out.
He tried to get in touch with Kirk Corkerian.
Unexpectedly, the latter also knew more or less about him on Wall Street.
There was contact from last night.
After last night's first contact, there was today's contact.
and Abel, who spent a lot of money and was about to buy MGM.
Compared with the previous purpose, Abel's acquisition this time.
It's really a coincidence and a whim.
It's just that this kind of coincidence is also common in shopping malls.
Business opportunities, they lurk in any possible place.
Merchants who can find and master them will naturally be able to make a fortune.
The American Road to Wealth.
Xinyi Siyan reminds you: Remember to collect after reading, next time I update you to continue reading, look forward to the wonderful continue!γ
Chapter 131: Confrontation with the former richest man on the West Coast