Huayu since 1980

Chapter 679 Start with ABC TV Network (4000+ chapters, please subscribe~)

"Buffett took the initiative to contact you!" Wu Jianye found out the news from Linda.

Linda has been in a very beautiful mood recently, because after the top ten box office charts in North America came out last year, many voices against the Phantom disappeared at this time, and they were all praises instead. For such a result, Linda is naturally Very satisfied!

Now the negotiations with Berkshire, which have been stalemate, have suddenly made a breakthrough. Obviously, everything is moving in a favorable direction.

"That's right, we had a phone call just yesterday. According to the information disclosed by Buffett, we hope that we can meet and discuss the formal details of the acquisition of the ABC TV network!" Linda said with a smile on her face.

Wu Jianye nodded, and after thinking for a while, he understood Buffett's intentions. The development speed of Phantom has obviously exceeded their imagination, and Buffett must be in a hurry.

"Since you want to talk about it, let's talk about it. It's still the same sentence that Berkshire's shareholding in Phantom should not exceed 10%!" Wu Jianye said.

Linda glanced at Wu Jianye and asked, "Aren't you going?"

The two had already discussed before this, which involved tens of billions of dollars in mergers and acquisitions. Wu Jianye, as the behind-the-scenes boss of Phantom Entertainment, should be present, not to mention the negotiation of Lutai Investment's investment in Berkshire.

Wu Jianye shook his head with a smile and said, "I won't be present during the negotiation period. Someone from Lutai Investment will contact you. After the negotiation is successful and the contract is signed, it won't be too late to meet again! "

"You are too cautious!" Linda couldn't help but said.

She naturally understood what Wu Jianye meant. Wu Jianye did this because he didn't want to expose his identity to Buffett too early.

"Hehe, be careful and make no big mistakes!" Wu Jianye said with a smile.

As for the management of Lutai Investment, professional managers have always been in charge in North America, and it will be enough to let their people join Linda at that time!
When Buffett becomes a shareholder of Phantom, Wu Jianye will be able to meet Buffett as the owner of Phantom. At that time, we will have a cooperative relationship and a community of interests. At that time, Wu Jianye will rest assured that his identity will not be exposed. , At the same time, it is also to reduce Buffett's use of his own identity to obtain more benefits in the negotiation with Phantom!

"What about the company's loan?" Linda asked.

Although the recent films have brought Phantom a lot of income, Phantom still doesn't have enough cash to acquire the ABC TV network, and it will definitely need a loan at that time!

Wu Jianye said: "Contact the branch of Standard Chartered Bank in Los Angeles and Morgan Bank!"

Many people know that Standard Chartered Bank is based in Hong Kong, but they don’t know that although Standard Chartered Bank is not as prosperous overseas as its old rival HSBC, it also has its own development track.

As early as 1900, Standard Chartered Bank had become the first foreign bank approved to operate in New York. At that time, Standard Bank, which had not merged with Standard Chartered Bank, also had a branch in Port Elizabeth, South Africa, and opened branches in many African countries. However, due to business problems and the situation in Africa, some of them were closed!
In 1957, Standard Chartered acquired Bank of the Orient, thereby acquiring its branch network in Aden (Yemen) Bahrain, Beirut, Cyprus, Lebanon, Qatar and the United Arab Emirates.

During this period Standard Bank also reached more than 600 branches and offices in Africa.

In 1965, its network was fully expanded following the merger with the former British Bank of West Africa, which had branches in Nigeria, Ghana, Sierra Leone, Cameroon and Gambia.

In 1969, Standard Bank and Standard Chartered Bank merged to form Standard Chartered.Standard Chartered subsequently acquired England's Hodge Group and Wallace Brothers Group.

After the establishment of the Standard Chartered listed company, its branches spread all over Europe, Argentina, Canada, Panama, Nepal and the United States.

Standard Chartered acquired three American banks, including Union Bank of California, which gave Standard Chartered access to Brazil and Venezuela.

Subsequently, Standard Chartered Bank was acquired by Wu Jianye's Yiwang Group, and delisted to become a holding subsidiary of Yiwang Group!

Although Standard Chartered Bank has its own branches in most countries, the scale is not large, so even though it seems to be full of flowers, there is still a big gap compared with HSBC.

Now that Phantom wants a loan, Wu Jianye naturally wants to support the business of Standard Chartered Bank in North America. If Phantom Entertainment wants a loan, it must be the bank that asks him, not him. If Standard Chartered Bank can reach an agreement with Phantom in North America This cooperation will also greatly improve the influence of Standard Chartered Bank in North America.

However, Standard Chartered Bank's business in North America is limited after all, and it cannot bring all the loans to Phantom, so it has to find another bank to continue to cooperate. In the early days, Wu Jianye had cooperated with Morgan Bank, but now it is just to find a partner. Those who are familiar with it will continue to cooperate!
Linda nodded and said, "Okay, I'll contact the heads of these two banks now!"

Wu Jianye said: "Let's deal with these things!"

When the two parties had the willingness to negotiate in depth, the negotiation between Phantom and Berkshire went much smoother, and it was no longer as slow as before.

Especially after Linda met with Buffett, the negotiations between the two parties became more rapid.

When the time entered late January 1991, the two parties finally reached a consensus on the acquisition of ABC Television Network!

According to the results of the negotiations between the two parties, the valuations of Phantom Entertainment and ABC TV Network are 135 billion US dollars and 100 billion US dollars respectively, of which Phantom Entertainment will take out 10% of the shares to Metropolitan Communications, and exchange shares for ABC 13% stake in the TV network.

Subsequently, 13% of the Phantom shares in the hands of Metropolitan Communications were exchanged by Buffett for the shares of Metropolis Communications in his own hands to Berkshire. Back to Buffett.

As for the remaining 90% of the shares of the ABC TV network in the hands of Metropolitan Communications, it was acquired by Metropolitan Communications for $87 billion in cash.

When the news was announced, the entire United States was dumbfounded!

No one thought that Phantom would be so generous and bold to acquire ABC Television Network, one of the three major television networks in North America, or acquire it entirely!

For a while, all newspapers, media and TV stations are reporting this matter, "Wall Street Journal", "Washington Post", "Los Angeles Report", "Time Magazine", CBS, NBC
Among them, the "Wall Street Journal" even listed the details of the transactions between the two parties, and Buffett was once again promoted to the altar.

When Metropolitan Communications wanted to acquire ABC Television Network, Buffett spent $5.17 million to acquire 15% of Metropolitan Communications' shares (the previous 25% data had a deviation, which has been corrected now.).

Today, only 10% of Phantom's shares are worth as much as 13.5 billion US dollars, plus the cash that has not been announced by Metropolitan Communications and Berkshire, which means that in this transaction center, Buffett directly profited at least Over $8 million!
Metropolitan Communications also did not suffer a loss. They bought the ABC TV network for only 35 billion US dollars, but now they sold it to Phantom Entertainment for 100 billion US dollars!
High profits were also obtained!

As for Phantom Entertainment, in the analysis of several major newspapers and various financial experts, it also did not suffer. Phantom Entertainment, which owns the ABC TV network, has officially become one of the largest media groups in the United States and even the world.

It also makes up for one of the most important shortcomings in their industrial chain!
Nowadays, if Phantom Entertainment still has its own shortcomings, then there are only two shortcomings left in the traditional newspaper industry and video tape companies, but looking at the current development speed of Phantom Entertainment, will they not notice this?

This is a win-win battle!

The Wall Street Journal capped off the acquisition with such a report!
In this report, Standard Chartered Bank also appeared in it. For this acquisition, Phantom needs to come up with 87 billion US dollars in cash, and in the acquisition report, it shows that Phantom itself took out 25 billion US dollars in cash, and the remaining 62 billion US dollars, all from bank loans!
Among them, Standard Chartered Bank provided a loan of up to 22 billion U.S. dollars for Phantom Entertainment, while Morgan Bank provided the remaining 40 billion U.S. dollars in loans!

At this time, Buffett looked very surprised, because he saw the behind-the-scenes boss of Phantom Entertainment!

"Director Wu. I didn't expect you to be the boss of Wuzang Investment behind Phantom Entertainment!" Buffett felt that he hadn't been so surprised in many years!

Who would have thought that the boss of the largest media group in North America today would be Wu Jianye?
At the beginning, the media in North America did not guess the relationship between Wu Jianye and Phantom, but after the joint statement between Phantom and Fengge Media, many people dismissed this idea. In fact, everyone thought that they had overreacted !
The background of Wu Jianye's announcement has long been investigated. He was born as an ordinary person in rural China, and was later admitted to Yanjing Film Academy, one of the two most famous art schools in China.

Such a person with no official background, no matter how successful he is, it is impossible to own the two most famous companies in Asia and the United States at the same time!

but now
"Warren, hello, I've been friends with you for a long time!" Wu Jianye shook hands with Buffett with a smile on his face.

Buffett had also returned to normal at this time, and sighed: "Director Wu, you really scared me this time!"

Wu Jianye smiled and said: "This is also a last resort, everyone knows the current environment!"

Buffett nodded. He believed that whether it was Hollywood or the people of the United States, if they knew Wu Jianye's true identity, it would definitely cause an uproar, and the Phantom would also face more attacks from high-level officials.

"But Director Wu, I'm afraid you won't be able to hide your identity for long!" Buffett said. He is now a shareholder of Phantom Entertainment. If Wu Jianye's identity is exposed, the blow to Phantom Entertainment will be his. Loss, now he has started to think about the problem from the level of phantom!
Wu Jianye smiled and said, "How long can we hide it? I believe that after "Jurassic Park" is released, the Phantom will be able to deal with part of the attacks!"

Wu Jianye also knew that after Phantom Entertainment acquired ABC, it would no longer be just a simple production company, but a media group with a great say. Check it out.

Buffett heard another meaning from Wu Jianye's words!
"Director Wu seems to be very confident in his new film!"

As long as "Jurassic Park" succeeds at the box office, Phantom Entertainment will be able to gain a firm foothold. At that time, even if some high-level executives will target Phantom, Phantom's own coping mechanism will be sufficient to deal with these problems.

Wu Jianye smiled and said, "If I didn't have the self-confidence, I wouldn't even think about buying a stake in Warren's Berkshire!"

For your Berkshire, Wu Jianye also indirectly told Buffett that he is only optimistic about the development of Berkshire, and it is just a simple investment in shares!

At this time, Buffett also had a deeper impression of Wu Jianye.

In fact, when he saw Wu Jianye, Buffett already thought that Lutai Investment might very well be Wu Jianye's company. Now that he heard what Wu Jianye said, he was still quite surprised.

Lutai Investment, which has many high-quality company stocks!Wuzang Investment, which holds a 73% stake in Phantom Entertainment!And Xiangjiang's Fengge Media, Yaoguang Group, and Yiwang Group!
Buffett suddenly discovered that Wu Jianye had already stood at the top of the world's businessmen at this time!

Now that he knew that Wu Jianye was the behind-the-scenes boss of Lutai Investment, Buffett didn't hide it, and asked directly, "How many shares does Director Wu plan to acquire in Berkshire?"

Wu Jianye smiled and said, "Of course, the more the better!"

Buffett smiled. Everyone knows that the more the better, there must be a major premise, that is, no one can affect Buffett's right to speak in Berkshire.

Buffett naturally has no objection to the introduction of funds from Lutai Investment. For Buffett, the more funds he has, the happier he is!
In the end, the two parties finalized that Lutai Investment will purchase 20% of Berkshire's shares at a price of 9.24 million US dollars at a premium of 10%!
The negotiation process went very smoothly. Buffett got the cash he wanted, and Wu Jianye's Lutai Investment successfully became Berkshire, the largest shareholder under Buffett.

"Happy cooperation!" Wu Jianye shook hands with Buffett.

Buffett laughed and said, "This is the fastest decision I've ever made!"

Wu Jianye said with a smile: "I believe it will be the most successful decision!"

After the two parties had dinner, Buffett flew back to New York, while Wu Jianye continued to stare at the post-production of "Jurassic Park".

as for linda
Held the first press conference after Phantom Entertainment acquired ABC Television Network!

(End of this chapter)