Melissa saw that little Edgar Bronfman had been relatively distant, so she took the initiative to talk to him about a topic: "I heard that PolyGram is laying off employees, Edgar, how is your Universal Music business doing?"

"The profitability is not very good, Universal Music is too small to have enough say. I heard that Philips and Siemens, two major shareholders of PolyGram, are not optimistic about the development prospects of the traditional record industry because of the rapid development of the Internet and digital music, and want to sell Polygram. If PolyGram does sell, I'd love to take him down and merge with Universal Music. ”

Cang Yaozu was speechless for a while at Edgar Bronfman's words, this guy is in his forties, and he is still so immature.

"What's the matter, do you have an opinion?" Little Edgar Bronfman was very upset when he saw Cang Yaozu's contemptuous eyes on him.

"A small company has a small loss, but if you merge into a big one, you won't lose money? Okay, I suggest you do your best first, and then think about those who don't. Polygram wants to sell, but look at it, there is no one to take over, you want to engage in media and music, do you want to go crazy, do you have money?"

"I don't have any money, I have more money than you, but I know that your money is borrowed. ”

"What's wrong with borrowing, I'm honorable to borrow money. I'm not like you, a loser, you sold DuPont stock at a low price in order to buy MCA, and you lost a lot of money, didn't your dad spank you?

What else do you want to sell when you buy Polygram this time? Come on, come on, let me pick up a bargain too, and I'll continue whatever you sell. ”

"I'm happy to lose money, I'm rich and I can afford to lose, do you have money? If you lose, you can only sell your ass. "Edgar Bronfman Jr. was annoyed.

"Haha, then let's wait and see, see who can afford to lose, see who loses quickly? By the way, your Seagram Building in New York is very good, I can buy it, and tell me when you want to sell it." ”

"Boy, it's just you? It's not that I look down on you, you give me $400 million, and the Seagram Building belongs to you. ”

"You're crazy about money, haha. But you will have a day, I feel that your family's property will be lost by you, think about it, Chivas Regal, Martell, Royal Salute will not belong to you, interesting, really interesting.

Hey, Mr. Bronfman, why didn't you bring a few good bottles of wine? It's a pretty expensive kind, a few more bottles, Jenny likes to collect good wine. ”

After listening to Cang Yaozu's ridicule, little Edgar Bronfman was really a little weak-hearted, he really wanted to sell the liquor company, he thought that the liquor industry had limited development space, the profit margin was not high, and the money was slow, far less glorious than the entertainment industry.

Vivendi, France's general water company, has indeed been in contact with him, and this is a good place for him to sell the wine company.

"So what, the wine industry has meager profits and low capital turnover efficiency, which is far less good than the development of the entertainment industry. ”

"I said, you're not young, the company's development only depends on the efficiency of capital turnover, not whether it is profitable or not, isn't that the higher the turnover efficiency, the faster the loss, you are not a fool! The entertainment industry is so easy to make money, then let me ask you, have you made money in Universal Pictures?"

"It's a painful time for business transformation, and it's an essential price. ”

"Hehe, then let me tell you, the financial crisis is coming, are you ready for the winter money?"

"No, so I'm going to sell some bad assets, and I'll have cash when I sell them. ”

"You have so much to say that I am speechless. ”

"Vivendi in France wanted to buy Seagram Wines, and their new CEO and I were good friends. ”

"Hehe, I know this company, the famous garbage shelter, known as the company's black hole, any company that is acquired by them will be dismantled, and there will be no bones.

Little Edgar, you are too capable, sell yourself to them quickly, you still have a chance to cash out, otherwise you will collapse. ”

"They're in a good financial position, they've been buying big for the last few years. My business idea is to borrow from theirs. ”

"They're buying with debt, you're selling your body to buy, well, there's a little bit of a similarity. ”

"I studied your business ideas, and they are no different from me, it's just that you don't have something to sell, and you are a pure debt acquisition. ”

"Uh, I'm down to the same level as you? No, no, no, we're different, absolutely different.

I didn't spend a lot of money on so many companies, I collected start-ups and underperforming companies, I can't compare to you, you are big in this game, you are too rich, I can't compare with my small family.

Speaking of techniques, I have something in common with the guy in Cal Icahn, the same is our choice of target, and the difference is our approach to target. ”

"Karl Icahn? He's old, he's getting less daring, he's not bold, he's just going to go bankrupt. ”

"You have the courage, but you have been losing money, old Carl is a snowball, the snowball is getting bigger and bigger, but you are picking it up and throwing it all the way, and your net worth has shrunk significantly. ”

"It seems that you don't agree with me, so let's not talk about that. Let's talk about ICQ, I want to take a stake in it, I'll give 100 million dollars, 10% of ICQ's shares, no problem, right?"

"You're thinking so beautifully, a month ago a 5% stake in ICQ was worth $100 million. Don't you envy the rapid development of the Internet and entertainment industry, yes, it is indeed very fast, and now it is 100 million US dollars and 5% shares, and I will not sell it, I have to exchange good things. ”

"Do you want Seagram Wines too? No, what I need is cash, unless there's more shares, like 50 percent. ”

"Then even if you come up with 10 billion US dollars, I won't sell you 50% of the shares of ICQ, ICQ can reach 50 million registered users in one year, and more than 200 million users in two years, do you know what this concept is?"

"Even if your ICQ is listed, it will take a few years for you to reach a market value of 10 billion. $10 billion in assets for 50% of ICQ shares, which is a big bargain for you. ”

"To take advantage is to suffer a loss, no matter what the price, I will not sell 50% of the shares, and the controlling stake is gone. I'm going to do this kind of business?"

"Then I'll exchange Seagram Wines with you, I want 30% of the shares of ICQ Company, and Seagram Wine belongs to you. ”

"Including Universal Pictures and Universal Music and USA Network?"

"Of course not. ”

"Then who will exchange shares with you, the value of your liquor company is not more than 10 billion, and it will still be 10 billion in 3 years, and the development of industrial companies will not be fast. Your valuations in entertainment sectors such as Universal Pictures, Universal Music, and USA Network are no more than 10 billion, and at most 15 billion in 3 years.

As for ICQ, it is indeed only a valuation of more than 2 billion now, but as long as it takes 3 years, it will be at least 150 billion or even 200 billion market value, and I will not change it with you if my head is caught in the door.

Not to mention all the changes, not to mention just Seagram Wines. I will wait for 3 years, and then cash out or pledge 10% of the shares to buy your company in its entirety. Rest assured, I can afford to wait. ”

"Well, I'm going to develop it too, okay, ICQ will definitely not have a valuation of 2 billion now. ”

"The market is undervalued, so I won't sell too many shares of ICQ, it's too much of a loss, I know his value range, as long as it takes three years, why don't I stick to it, 350 million US dollars, how can I get this little money." ”

"I know, you need Universal, your Marvel company is launching a new production program, well, Legendary Pictures too, you don't have a distribution channel. ”

"You think too much, except for a "hangover" which is a low-budget R-rated film, which can be completed in three or two months, the production cycle of several other films is one and a half to two years, and the shooting needs to use a green screen, and there is a lot of post-production special effects work, and it will take at least two years to wait for the release.

I can even shoot multiple films in a row, and the distribution is still slow, and I am not in a hurry to return the funds for the release of the movie anyway. It's really not okay to hand over the issuance to the Big Six, who is not handing it over, I don't rely on that to make money, throwing hundreds of millions into it is just a sound, I just need to develop ICQ well, and I don't know the main and secondary. ”

"Then what kind of cooperation method do you say, I know you want Universal Pictures, and the family pressure on my side is also very high, if we cooperate, both sides can break the game, how about it, think about it?"