Chapter 246: The furious Abel
The figure of $25 billion made Bob Wright serious.
As the CEO of the NBC television network, Bob Wright has discussed the value of NBC with senior executives at GE.
The value of NBC was estimated at about $15 billion by GE's top management two years ago.
As CEO of NBC. Bob Wright believes that the minimum value is more than $18 billion.
Abel's initial offer of $20 billion.
It's close to Bob Wright's assessment of NBC's value.
It is much higher than the appraisal price of the senior management of the General Electric Group.
GE bought an 80 percent stake in NBC that year for just $2.4 billion.
That was 1986, of course. The dollar was worth far more than it is now.
It's just that fifteen years later, NBC has been able to provide GE with a steady profit of hundreds of millions of dollars or so every year.
The money to buy NBC has long been earned back by itself.
Based on the purchase price of $2.4 billion.
Fifteen years later, $20 billion is enough to make any GE executive or board member excited.
But Bob Wright feels that NBC can be worth more money in the future.
It was later when Abel reported the figure of 25 billion, and Bob Wright was also a little moved.
"Listen." Looking at Bob Wright, who fell silent after the price he quoted.
Abel also said,
"It can be cash or stocks. In cash, I have enough cash flow to pay. As for stocks, as long as I have shares of listed companies, GE can take them."
Restricted to listed stocks, that is, stocks that are not listed are not allowed.
It just so happens that in Abel's hands, the most are actually companies that are not listed.
If GE really wants to exchange shares for shares, it can only be exchanged in the shares of several listed companies held by Abel.
Stocks of companies like Smith Capital and Smith Media, Abel obviously won't trade with them casually.
Bob Wright, on his side, heard this addendum from Abel.
& CEO is a little staggered about Abel Smith's financial prowess.
$25 billion in cash, you can get it out?
Even if you count bank loans, you can get so much liquidity, which few people in the whole of the United States can do.
The person in front of him is obviously so young.
But it was able to come up with $25 billion at a time.
Bob Wright thinks that there may be no more than twenty such people in the whole United States.
But. Bob Wright gritted his teeth in his heart.
The speed at which Abel quoted and increased the price was too refreshing.
This made Bob Wright want more.
People are greedy, and the CEO of NBC feels that he has nothing to blame for doing so.
Bob Wright says:
"At least $30 billion. Mr. Smith. If you pay 30 billion dollars. Maybe the not-for-sale label on NBC can be thrown away by GE itself."
If only NBC could be sold for $30 billion.
For Bob Wright, the CEO of NBC dispatched by General Electric Group, it can be said to be a big achievement.
Not to mention the bonuses.
Just the return of Bob Wright to GE management can go a long way.
[Promise, promise, promise. You're so rich.. Say yes]
Bob Wright looked at Abel seriously and shouted loudly to Abel in his heart.
Soon Bob Wright got a response on Abel.
I saw that Abel's expression was cold, and he didn't have the warmth he had at the beginning.
Bob Wright immediately sensed that something was wrong
, I want to say something to buffer it.
But Abel opened his mouth with a blank face, and he said:
"Mr. Wright. My attitude is very serious, and my willingness to buy is also very serious. But you seem to be taking me for a fool? Ask yourself GE, is NBC worth $30 billion?"
Bob Wright thought to himself that it wasn't worth it.
None of the three major public television networks is worth $30 billion at the moment.
Disney Media Group, which already owns the ABC television network, is currently worth about $45 billion.
Disney itself is worth almost $30 billion.
News Corp., which is not yet listed but already has a valuation, has a market capitalization of about this number.
Viacom, which owns the CBS television network, has a market value of only about $30 billion.
Time Warner, the media group with the highest market capitalization, is worth about 50 billion.
& How can the TV network be worth more than $30 billion.
The market value of $25 billion has already been quite a premium.
Seeing Abel's expressionless face, Bob Wright hurriedly smiled and said:
"The price is negotiable. Maybe 28 billion is a good number?"
"Forget it." Abel got up, and he said to Bob Wright:
"I would make an offer to the management and board of directors of NBC's parent company, General Electric. After that, Mr. Wright, the matter has little to do with you. That's it, the Nordic food here is good, you can stay and eat it yourself."
Bob Wright got up to keep it, to say something.
Abel stood up and walked out directly, and Abel's entourage also went out.
Bob Wright tried to stop it, but his hand stretched out but he didn't dare to pull Abel, and finally could only helplessly watch Abel walk out of the brandy restaurant.
"Fack! Fack! The price can be discussed again!"
After Abel and the others walked out of the brandy restaurant, they were the only ones left at the table.
Bob Wright slammed the table twice in disgust, full of displeasure.
Abel, who left the brandy restaurant, said directly to Alan Baker, who was following him:
"Allen, make an offer to General Electric for NBC for $20 billion."
Alan Baker breathed a sigh of relief, and the core of the advisory group also felt that $20 billion was the normal price of NBC.
Alan immediately agreed, "No problem, I'll send a letter to GE on your behalf."
Able nodded and got into the Lincoln City sedan in the middle of the convoy.
"Back to the company." He said to the driver, Andy.
Andy nodded yes.
Abel's two drivers in New York know that Abel generally speaks of the company.
It refers to the Smith Building where Smith Capital is located.
Half an hour later.
Abel came to the fourth floor of the Smith Building.
After the ban on safe houses was lifted, the trading hall on the fourth floor was still keeping an eye on USD/NOK.
David Mellon and another president of the company, both of whom took turns staring at the situation.
As soon as there is an emergency fluctuation, Abel is notified by phone.
When Abel arrived at the company in the afternoon, David was on duty.
「. The current market is 7.6060."
David Mellon reported to Abel: "In terms of points, we've made a few points. But these floating profits, at most, are just enough for interest and handling fees."
Abel listened as he looked at the information wall on the screen.
For some time, the USD/NOK pair has been like a patient with an electrocardiogram hanging.
Out of a very complete flat line, the exchange rate fluctuations can be said to be extremely small.
But the strange thing is that the USD/NOK plate is on the plate, after so many days of stalemate.
Stacked on top
The number of standard foreign exchange futures lots has come to an exaggerated 2.8 million lots.
In terms of the amount of funds, it is almost more than $280 billion
The GDP of the Kingdom of Norway last year was only 171.2 billion US dollars, and the accumulated funds of their currency foreign exchange transactions have exceeded their GDP last year.
Abel estimated that at this time, the Kingdom of Norway might have panicked.
Such a huge amount of money is piled up on the Norwegian krone. Whether it is short or long, it is bound to have a great impact on the country's currency.
If it really forms an avalanche effect, then the people's livelihood and economy in the Kingdom of Norway may collapse as a result.
In fact, two days ago, Norway had already appealed to the European Union for help.
Norway is not a member of the European Union, and there has been little reaction from the EU at the moment.
At this time, the bulls and bears piled on top of USD/NOK may also be watching the reaction of the EU.
The final situation for USD/NOK will probably depend on whether the EU will end up.
After looking at the information on the information wall on the screen for a while, he confirmed that his talent had not changed.
When Abel was satisfied, he said to David Mellon, "Keep holding it, but this time you may not be able to eat big meat."
David nodded, "I've talked to Jed, and he thinks so too."
Jade is one of the company's presidents and a senior executive at Smith Capital.
In the United States, a company can have many presidents, especially financial companies or banks.
Like Goldman Sachs, in addition to tens of thousands of vice presidents, there are more than a dozen presidents and several senior partners.
Above these people is CEO Paulson.
The president is the president, and the chief executive officer is the chief executive officer.
Like O'Neill, the black president of Merrill Lynch who has been imprisoned, he is one of the presidents of Merrill Lynch.
The CEO, also known as the CEO, is generally the most powerful person in a company other than the chairman.
Smiths Capital now has two presidents and one chief executive officer.
One of the two presidents is Merio, the former deputy manager of Smith Capital, who has become one of the presidents of the company.
Merio's responsibilities remain the same, and he is still in charge of administration and management.
Jade was a new president who was promoted from within the company when the company expanded.
He is mainly responsible for the investment direction, and like David, he is a well-known elite of the young generation on Wall Street.
Seeing David Mellon say this, Abel asked:
"Have you discussed with Jade what is the reason for this strange phenomenon that so much money is piling up on USD/NOK?"
David nodded honestly and said, "Yes, it's been discussed."
Interested in it, Abel asked, "What do you think caused it?"
A strange look like the current USD/NOK is rarely seen in the history of forex trading.
Huge amounts of money, piled up in a small pool of currencies.
There were several times in the Southeast Asian financial crisis a few years ago.
Those few times were all looting of several small Southeast Asian countries under the guidance of Soros.
The accumulation of huge amounts of money in those few times was purposeful and directional.
They all act collectively and have the same goal.
Unlike now, on USD/NOK, there is a lot of money piled up, but it is a stalemate between long and short, entangled and winning.
David said, "The outcome of my discussion with Jade is more inclined to be the inevitability of some kind of coincidence."
Able smiled, "What do you say?"
"What Jade meant was that our initial standoff with the Neon People attracted too many onlookers. In the process of watching, some of these onlookers couldn't help but get out of the game."
"But after these people are gone, because there is a huge influx of retail investors
The change in the exchange rate was offset and the exchange rate price calmed down."
"Then there may be other organizations that feel the right time to end up. And that happened again."
"Of course, the next game will create a balanced situation. It may not only be those tiny retail investors, but there may also be some institutions hidden in the retail investors."
After listening to the result of David and Jed's discussion, Abel smiled and nodded.
"Your guess is basically right. The reason why this situation is so weird. It's because of our stalemate in the early stage that we attracted too many retail investors."
Abel said: "I dare say that at least half of the world's retail forex investors are now converging on this currency pair. Add in the entry of institutions, and we are in this situation."
After discussing such a speculation, David and Jade did not dare to make a decision.
Because anything can happen in the forex market, even weird things sometimes seem normal.
Now after the boss explained this, even the boss thinks so.
David felt that his own judgment and that of Jade should be correct.
"So what should we do next?" David asked again.
Abel groaned.
This "interesting" thing that happened in the international foreign exchange market occasionally happens in the capital investment market.
For example, in parallel time and space, the "game station" incident that will occur in the U.S. stock market in the future is a bit similar to this incident.
Probably because of some coincidence, there are a large number of retail investors entering the market.
There are more retail investors, forming a trend effect.
More and more retail investors are finding it profitable or entering the market for other reasons.
When there are more retail investors, the amount of funds increases.
Institutions that smelled blood followed.
Then a large group of retail investors stood on the long and short sides and fought against the enemy.
There are more and more institutions that add to the cold and ignite the fire, and finally it becomes the strange appearance it is now.
This scene was unexpected even for Abel's talent.
Abel's talent was told to him at first.
Taking advantage of a special black swan event, Able can cut a vote on the neon man.
But then something changed, and the situation began to change to the current situation.
What happens next, and what happens later.
It's already different from Abel's talent, and the result given at the beginning.
Fortunately, Abel's talent is never static.
After the result changes, what the talent tells Abel will also change.
Like today's scene, what should be done is the optimal solution.
The talent was still the same to tell Abel.
Abel's choice to stay put, is a judgment made by his talent.
After telling David to respond to all changes and to inform himself of the requirements at any time if there is a situation.
Abel was in the Smith Building for more than an hour or so before leaving.
This time, instead of returning to Manhattan, he boarded a helicopter on the roof of the Smith Building and headed straight to Long Island.
The destination is 13th Royal Point 13th Road, New York.
This place, he has been coming less and less lately.
It's not that he's tired of Elizabeth's angels.
Just kidding, twenty-five heavenly immortals are beautiful.
I've only played it once or twice.
I didn't play much too many times.
If you want to get tired, you won't get tired so quickly.
The reason why he came here is less.
It was the pervasive paparazzi and journalists who finally discovered the place a few months later.
Since April, hundreds of paparazzi have been haunting the neighborhood almost every day.
They're trying to get intimate photos of the Angels of Isa or get some big news.
In other words, New York King Point Ten
Three Roads No. 1, as the back garden of Isa Angels and Abel, has been exposed.
In the media, it has been labeled as the collective dormitory of the Isha Angels in New York.
The identity of the owner of this villa, that is, Abel, was also exposed.
Abel didn't come much during this time, and some people have already called this place his ** sadly.
In a sense, although this is a fact, Abel is for the better development of Isha Company in the future.
He also had to reduce the number of times he came here.
He was photographed with one or two Isha Angels, and they could be described as Smith girls.
A little more guidance in the media can turn a scandal into a scandal.
Anyway, Abel is such a playboy character, and Americans are not surprised.
But if you take that number from one and two, to more than two dozen.
Even his playboy character is a bit untenable.
Once VS a group or two, and once VS 25, quantitative changes will eventually cause qualitative changes in public opinion.
Abel had to come here less.
But this is not a solution, he is not tired of these twenty-five pairs of long legs.
Before finding a new, better back garden.
Abel felt that he also had to "prove" their "innocence" for the Angels of Isha here.
Prove that they and themselves are just a simple and simple employee-boss relationship.
It's not as dirty as journalists and ordinary people think~
This afternoon, he agreed to the invitation of the world's No. 1 fashion magazine "VOGUE", which has been inviting him to do an exclusive interview.
He's coming here to join twenty working Isa Angels for an unprecedented group interview with Vogue magazine.
This means that there will be reporters, editors, photographers, and even editors-in-chief of Vogue magazine.
So that he can appear here in the open.
Around three o'clock in the afternoon.
Abel's helicopter came to the sky at No. 1 Royal Point 13th Road, New York.
After discovering the appearance of this private jet.
In the public land around No. 1 Huangdian 13th Road, hidden in the corners of grass, forests, creeks, rocks, etc.
The number of paparazzi members as high as hundreds instantly came out, picked up the "long guns and short guns" in their hands, and frantically photographed Abel's helicopter.
So much so that Abel, who was above the sky, found these unscrupulous guys.
This made Abel a little furious, and he was angry at Edward on the plane:
"How does Rock Security work? What's going on with these people? If the cameras and cameras in their hands were replaced by RPGs, wouldn't we all die here today? Fack! Fack!"
Edward is a bit aggrieved, these lewd guys are smart and know the legal limits.
They were all hiding outside the boundaries of No. 1 13th Road in New York, and they were all in the public realm.
In that kind of place, the rock security is not good at driving them away.
But Abel didn't care.
This time Abel was really angry, scolding Edward at the same time.
As soon as he got off the plane, he asked David Jones to call Ms. Caroline, the legal director of Smith Capital.
Facing Satan, the legal woman of New York, Abel quickly said his request.
Caroline, who hadn't received such a big order for a long time, suddenly perked up and immediately replied to him:
"Don't worry, dear Mr. Smith, you'll see the ending you want in no time!"
"That's for the best."
Abel hung up.