410 Legendary CEO Michael Eisner
On the third day of President Liang's appointment, Hutchison set up a relevant project working group and went to Yanjing to conduct field investigations, and will also communicate with the departments of Yanjing City to do a good job of preliminary research work, so as to sort out detailed information and submit it to the boss, after all, the boss only looks at the key points, and Chen Zhiwen will not care about these big things.
At present, what Chen Zhiwen cares about is naturally Disney's acquisition.
As predicted by Jim Hughes, when the Department of Commerce agreed in principle to the Disney acquisition and submitted the information to the Congress, the Supreme Court and the White House, three lawmakers jumped out and blocked the acquisition under the slogan of preserving American culture.
Morgan Stanley has naturally been prepared for this, and has repeatedly appealed in the newspaper that this acquisition is purely an acquisition at the capital level, Disney is still an American company, and the internal recruiters are all Americans, and the registered place is also in the United States, but there is just a change of boss behind it. If the U.S. government rejects the acquisition in the name of protecting American culture, then according to the principle of reciprocity, will American cultural companies from now on encounter the same reasons when they want to buy entertainment companies in other countries, and their own side will not even have a chance to refute it? After all, this is the policy of the US government?
This propaganda is indeed very guided, because if it works like this, it will cut off the entire plan of the American entertainment capital to enter other countries, and even extend it a little more, entertainment companies can't do it, so don't all kinds of media channels? Even some related industries may be affected.
This is not in line with the globalization strategy that the United States is currently using, after all, in the context of globalization, there is no theoretical interference in anything other than the acquisition of national security or a large number of jobs. The most fundamental reason why the United States flaunts this kind of freedom is that it wants to control the core industries of other countries, and if it goes too far, it will not be conducive to the international policy of the United States.
Subsequently, after the Morgan consortium visited the White House and Congress several times, Disney's acquisition was finalized, and on May 6, 1983, the White House officially approved the acquisition of Disney by a foreign group.
Chen Zhiwen, who got the news a few days earlier, also came to the United States, in fact, this kind of thing was already known to the relevant personnel before it was announced.
Barry Michael, who is responsible for financial investment in the United States, signed an acquisition contract with the existing board of directors representatives of Disney at a transaction price of $1.59 billion, and the buyer assumes the seller's existing liabilities, and the seller also promises that if there is no liability higher than one million dollars that has not been announced, if it is discovered in the next three years, it needs to bear the corresponding debt liability, etc.
Many media were also present to record this moment, one of the largest entertainment companies in the United States, was acquired by foreign capital today, which is also in the history of the United States, among the foreign acquisition of local enterprises, the scale can rank among the top five, in the entertainment industry is the first, the other few are basically oil, large steel companies and so on.
In front of reporters and media, Barry Michael also announced that he would inject another $200 million into Disney to help the two Disney parks partially renovate and build new amusement parks, and at the same time carry out appropriate reforms to Disney's existing film department, but how to reform it is not said.
In short, with the injection of new capital, it is uncertain whether Disney can reproduce its former glory, but at least there should be no problems in the past few years, which is also the focus of media attention.
Disney Headquarters, Burbank, California:
"Eric, congratulations on acquiring the Disney Company, which is the first time in the history of the United States that such an entertainment company has been acquired by foreign capital." Jim Hughes also came here and said with a smile after seeing Chen Zhiwen.
"Tongxi, Morgan Stanley has completed this acquisition, and I am afraid it will also leave a mark in the history of American business." Chen Zhiwen said with a smile.
The cost of entrusting this kind of investment bank to carry out cross-border acquisitions is very high, even if you have a lot of discounts with some cooperative relationships before, you need to pay $80 million for this acquisition, and if it is other investment banks, $100 million is not enough.
No way, it needs to consume a lot of resources, especially with the White House, the Department of Commerce, the Foreign Investment Acquisition Committee, the trade union, the parliament and even the courts, etc. Other investment banks will not miss the opportunity to fall into the trap.
"Thank you Eric for choosing us Morgan Stanley." Jim Hughes smiled, this acquisition, although it is a business found by the big boss, but he is responsible for it from beginning to end, and the credit is not small, and it should be no problem to get a 7-figure bonus at the end of the year, however, this kind of thing is naturally more and better, so he asked: "Eric, you said before that you will have other acquisitions in the United States, I don't know which companies you fancie?" ”
"There will be in the future, but not now, what I need to do is to save the current Disney from this mess first." Chen Zhiwen smiled and said.
"Also, solve the problem at hand first." Jim Hughes nodded and said, "If Disney's situation improves, if you have other ideas here, you can contact us at any time, or if your company wants to go public, you can also contact us." ”
"At present, the first company under my company to be listed should be Costco, but not this year, it may take two or three years." Chen Zhiwen thought for a while and said, let's draw a big pie for the Morgan consortium first.
But it's not fake, Costco and several other companies, its headquarters, the market is completely in the United States, when the scale was small, no one cared, the American market also allows people from other countries to make a little money here, but when the scale is large, then it is necessary to introduce some shareholders with resources and connections, Costco has also done this, but shareholders invest, but also need to be realized, plus after the scale is larger, it is also necessary to attract more people to invest, then listing is the best choice, Appropriately give up part of the shares to ensure that the company can operate normally, and ultimately the higher their own income, and after listing, they can also provide themselves with a very convenient opportunity to cash out.
"Then I'll wait for your good news, Eric." Jim Hughes said with a smile, this kind of large-scale cooperation, it is impossible to settle down soon, to know in advance that one of the other party's companies is ready to go public, plus the smooth cooperation of this cooperation, it is very preemptive, considering that the other party has many high-quality enterprises, plus the huge capital requirements for other acquisitions, the entire Morgan Stanley has set Chen Zhiwen as a VIP customer.
"Is there anything else you have here?" Chen Zhiwen asked again, the acquisition has been completed, and he has paid half of Morgan Stanley's fees, and the rest will be paid according to the contract time.
"Eric, like Disney, a large-scale acquisition, our investment bank is not the acquisition is completed, there will be a certain after-sales service, so we will stay here for a while, if you find any problems, or if there is something wrong, we can also solve it together, even a lot of things that you are not sure about but have doubts, we have coordinated the acquisition of many companies, we are very experienced in this area, and to be honest, every time this kind of after-sales, in fact, we can also learn a lot of things, Avoid the same problem on your next acquisition. Jim Hughes laughs.
"Okay, you can stay here as long as you like, and I'll arrange for someone to prepare a big office for you later." Chen Zhiwen nodded and said, although the Disney family has left, the company still has temporary management, and some of the most basic orders can still be executed.
As for the real management, it is natural that Chen Zhiwen will receive him personally.
In a café in Los Angeles, Chen Zhiwen looked at the surrounding environment and fell into deep thought, because the place where he was actually Starbucks was actually Starbucks.
I forgot about this potential stock, but it is normal, this company was founded ten years ago, but the initial development was very slow, until the 80s began to rise slowly, but this kind of company, he has no resources to help it grow rapidly or have any advantages of his own to expand its market, unless the other party is currently short of funds, or it is difficult to invest when the other party has not yet been listed.
"Hello, Eric." Just as Chen Zhiwen was thinking about Starbucks, a tall white man of about 40 years old walked over and said with a smile.
"Hello Michael, sit down." Chen Zhiwen came back to his senses and beckoned.
In the original history, Michael Eisner and in September 1984 joined Disney, starting his life as a legendary CEO, and also allowing Disney to develop rapidly, 20 years from the verge of bankruptcy to a market value of $40 billion, and before the abdication also laid a good foundation for Disney's future, such as Marvel World, etc., and finally made Disney the world's largest entertainment company, with a market value of more than $200 billion.
This is also the reason why Chen Zhiwen needs to buy Disney in 83, a little later, the new CEO comes on the field, coupled with its historical achievements, shareholders are not likely to be willing to sell, then they will not have a chance.
(End of chapter)