Cang Yaozu offered his share repurchase move again, no way, if you can save some cash, you can save some cash, after Christmas, the acquisition of ARM will begin, Dr. Avery Harari has been in contact with the founder of ARM, and has made preliminary communication. Although they were not eager, they did not refuse. For the acquisition of ARM, Cang Yaozu asked Melissa and Ge Liqin to help Thomas Toole continue to raise funds, after all, the Penguin Capital offshore fund, which he is the fund manager, is still waiting to be fed.

A few more days passed, and the time came to this day on December 22nd. Gong Huang's team and CQ Style's chief photographer Chen Chuan had boarded the plane to Los Angeles, but Cang Yaozu had already arrived in New York. Cang Yaozu really can't go back in a short time, it seems that he has to let Ge Liqin contact a few cattle to support the field, and let Chen Slow and the fashion photographers here learn more.

Avi Arad and Isaac Perlmutter burst out with great enthusiasm, in order to add another 1% of ICQ shares, for each person's $500 million remuneration is really busy, and negotiated 28% of Marvel shares for Cang Yaozu in two days. Among them, in order to impress several shareholders with a tough attitude, they gave 0.5% of ICQ shares, which also required Cang Yaozu to provide a guaranteed repurchase. For this, Cang Yaozu didn't care about it. Paying ICQ shares saved Cang Yaozu's cash, anyway, there are still a lot of ICQ shares, and when the Internet bubble bursts, he will have the opportunity to recover some shares.

At present, after many days of hard work, Cang Yaozu has obtained 54% of the shares of ToyBiz, 48% of Marvel shares and Marvel bonds with a total face value of more than 300 million, which cost him 3.6% of ICQ shares. It was supposed to give only 3.4% of the shares to Avi Arad and Isaac Perlmutter, but in the end they gave 0.2% more. Cash was spent $260 million.

Today, Avi Arad helped him meet Perelman, a man with a bald head like Guo Da, who is not only a top student in the financial industry, well, he graduated from the famous Wharton School of Business. Perelman has been engaged in mergers since college, and in the face of him, Cang Yaozu can not rely on much, not as much money as others, and not as much experience as others.

Perelman is very good at using junk bonds as a financing method to carry out leveraged buyouts, reselling, holdings, and annexations, and his merger genius is fully exploited. Often, Perelman would buy an "ugly duckling" company that no other investor would look up to, and then he would phase out some junk businesses, leave the company's shell, and then take advantage of the tax incentives of loss-making companies to buy better assets, tinker with them, and sell them to other industry giants.

Cang Yaozu feels that Perelman is not like a hostile takeover expert, but rather like a woodpecker, saving low-performing companies for a living, of course, Perelman is not so noble, and his goal in the process has always been to make money. In addition, the integration of personal preferences with the practice of acquisitions is Perelman's unique style. Smoking, for example, was a hobby, and in 1984, he bought Citigroup Tobacco Syndicate for $124 million. Overnight, the crown of the "Tobacco King" was put on his head.

"I heard you got those two boys done, and they helped you collect a lot of Marvel shares?"

Perelman, like Avi Arad and Isaac Perlmatt, were Jews, and they had a good relationship in private. It's no wonder he has such a good business record. It's scary for a man to become the richest man in Citigroup through a merger, and yes, Perelman was the richest man in Citigroup in 1991.

"Mr. Perelman, I gave them some benefits to be so positive. ”

"Oh, what's the good thing to make them work so hard for you?"

"I gave them a little bit of a stake in ICQ and gave them a guaranteed buyback clause. ”

"You bought ICQ from Israel, and I heard that you bought Avery Harari's company, what kind of industry do you want to do, and why do you keep staring at our Jewish company acquisitions?"

"It's mostly a coincidence, but of course it's also because Jews are very good, especially in business. As for which industry I want to do, I basically do the IT industry, semiconductors, and the Internet are all in this category. ”

"So did you buy Marvel and take comic book publishing online?"

"Well, the main thing is that I like superheroes very much, especially the rich second generation of Iron Man, and the cheap Deadpool. I'm going to throw money at them to make a movie. ”

"You can't shoot it, even if you buy Marvel, you can't shoot it, the copyright of Deadpool is not in our hands. ”

"yes, that's where I'm depressed, it's a good Marvel, the copyright is scattered and fragmented, it's so sad. Of course, I'm not talking about you, comics aren't an industry you value in the first place, and you seem to have been busy with Revlon's IPO lately. ”

"Well, the listing is complete, and I was trying to get Marvel out, and you made my backyard on fire. Let's talk about it, give me what conditions, and see if I'm willing to give up Marvel to you. ”

"Okay, Mr. Perelman, I'm not going to play with you anymore, $50 million plus 2% of ICQ equity, and $2 billion in a four-year guaranteed buyback clause. I want a stake in Marvel and your 46% stake in Marvel bonds and the toy company ToyBiz. ”

"You might as well give these two guys this condition, you are bullying me as an old man, do you know how much money Marvel has made me in the past few years?"

"Hehe, Mr. Perelman, change any company, you can make so much money in the past few years. Your value is not in any company, but in yourself. Now that Marvel is insolvent, I have acquired 54% of ToyBiz's shares, your restructuring plan will definitely not work, even if you change companies, not to mention how much money you have to pay, you can't afford to delay the time cost. Marvel's copyright is valuable, but it will be difficult to play it in 10 years, unless you are willing to invest a high investment of $200 million to shoot Marvel movies one by one, can you accept such a large amount of money to make films?"

"$200 million to make a movie? Unless I'm crazy. Still, I'm not going to run away, and I'm not going to let that guy in Cal Icahn get away with it. ”

"Why did you run away in disgrace, 2.05 billion US dollars, as long as it takes 3 to 4 years, it will definitely be in your hands, which is definitely a lot more than what you have earned in the past few years. You helped me win Marvel, fulfilled my childhood dream, and we still have a lot of cooperation in the future. I've heard that you've recently been interested in the Golden State Bank Group, and we'd love to have a bank in California, where I'm based. In addition, I also want to buy an NBA team, which we can also work together, or buy one by one, and we can break into the NBA. ”

"Well, young man, I didn't expect you to be quite well-informed, what are you doing when you buy a bank? The Bank of the Golden State is just a state bank. ”

"Mr. Perelman, it doesn't matter if the state bank is fine, the regulation will be a little more relaxed. In the future, it will be the world of the Internet, and I will carry out online banking business based on Golden State Bank. How suitable is the cooperation between the two of us, you make money, I want the bank, and each takes what he needs. ”

"Okay, you've convinced me, Golden State Bank we can cooperate. Marvel, you add more. In addition, you are familiar with the Internet, and you recommend me a stock, the kind that can make money steadily and have high returns. ”

"The bank acquisition is completed, and you will also be a minority shareholder for me at that time, and you will block trouble for me. I'll add 1 point to you on Marvel's side, 3% of ICQ shares, and the minimum guarantee is 3 billion US dollars. You can choose Yahoo for stocks, it's no problem to multiply 10 times in three years, but I don't guarantee this, you can toss it yourself. Old man, I'm funny enough, right?"