Back To 1995

   Chapter 843 Not following the routine

Edgar Bronfman Jr.'s sudden decision to hit the executives of the Bronfman Group was a surprise, especially when several veteran officials of the Bronfman Group, that is, the old Bronfman's men, were a little anxious on the spot. .

The Bronfman Group, which was taken over by Little Edgar, has been tinkering for so many years. Seeing that his family is about to be hollowed out, the old Bronfman, who had let Little Edgar toss before, could not sit still at this time. .

The old Bronfman also participated in the merger of the Bronfman Group and ICQ this time, but what the old Bronfman asked was that Universal Pictures, Universal Music, etc., had caused the Bronfman family to suffer. All the properties are sold to ICQ and exchanged for cash. Even if the entire property cannot be exchanged for cash, part of the cash must be exchanged.

You know, little Edgar was a literary youth back then. He tinkered with music companies, but he didn't make a name for himself. In the end, he ran home in despair and took over the fortune of tens of billions of dollars in knives. The record industry is a soft spot.

   But it was in the record industry where little Edgar thought he was an "insider". Little Edgar suffered so many losses, and little Edgar didn't find the depth of the water in the record industry.

  The water of the Internet is deeper and murkier than the water of the record industry. Old Bronfman was really afraid of little Edgar, he couldn't grasp it, and he took the entire Bronfman family into it.

   But little Edgar obviously did not do what the old Bronfman asked, and even asked for an equity exchange with ICQ, not even a cent in cash!

   Seeing a dispute over the Bronfman Group, Immelt "regretfully" temporarily terminated the negotiation. He hoped that the Bronfman Group and ICQ could complete the merger by exchanging shares with ICQ.

   On the one hand, the US knives in the accounts of General Electric and ICQ are indeed few. Using equity exchange to complete mergers and acquisitions can save a lot of trouble and avoid a large amount of tax.

   On the other hand, it is also beneficial for Immelt to have Edgar Jr. on the ICQ board of directors. He can become his ally, and can also be used to fight against the ICQ old school, Comcast Group, Telephone and Telegraph Group, etc.

   Came to a lounge and didn't care to check whether there was something like a bug in the room. The old official of the Bronfman Group had a fierce quarrel with little Edgar.

In the past, Wall Street's large transactions involving tens of billions of dollars could be used by any means, such as bribing the other party's executives, eavesdropping, and putting pressure on the other party through powerful figures. Trivial news may involve hundreds of millions or even billions of dollars!

   "Little Edgar, you can't do this. The risk of all equity transactions is too great. The Bronfman family is betting on everything!"

   The old official of the Bronfman Group tried hard to persuade Little Edgar, but it was particularly harsh when he heard Little Edgar's ears, as if he had completely defeated the Bronfman Group.

Looking at the several old Bronfman period veterans in front of him, little Edgar felt disgusted for no reason. Before these old officials, they used their old qualifications to press him, and the management of those companies that Edgar bought with little Edgar. , In order to fight for power and profit, there are also many infighting, but at this time, he took the old Bronfman's feathers as an arrow!

   "The Bronfman Group spent too much money on the acquisition of PolyGram and Universal, and sold DuPont shares too hastily..."

   The financial advisor of the Bronfman Group, who was also an old minister who was in charge of the money bag for the old Bronfman during the old Bronfman period, couldn't help but mentioned the "big smart" transaction that Edgar had done in the past.

It’s okay not to mention this, but when I mentioned this, little Edgar suddenly screamed like a cat whose tail was stepped on, “Before I made these transactions, I had already consulted my father, he thought these The transaction is beneficial to the Bronfman Group!

Damn, I just did what I was supposed to do, I sold DuPont shares at the most appropriate time, bought Universal, PolyGram, protected the rights of the Bronfman family and all shareholders, but the market happened changed..."

   After apologizing for himself, little Edgar scolded, "Now I am the president of the Bronfman Group, I have the right to make decisions, if you have any opinions, you can fly back to Canada and report to my father..."

After speaking, little Edgar slammed out the door, followed by all the cronies, leaving behind a few old officials from the old Bronfman period, who stood there helplessly, and finally had to leave first and go to Canada. Rushing away, they knew that it was impossible to stay by little Edgar's side.

   "I'm sorry, there were some accidents just now. Now that the transaction is going on, it's better to follow my proposal just now and use the stock exchange to complete this merger!"

   Little Edgar Bronfman said gracefully, it seems that everything just now was just a small accident.

Immel nodded and cast an admiring look at Edgar Jr., "ICQ can make a valuation of $34 billion for the Bronfman Group. If the transaction and all the equity are exchanged, the Bronfman Group can exchange for it. to 9% stake in ICQ!”

This price is not low. The most important industries under the Bronfman Group are mainly Universal Pictures, Universal Music, drinks and other businesses. These businesses belong to traditional industries and are not as popular as the Internet and technology industries. At a valuation of $34 billion, Immelt has already raised the price for little Edgar.

   Hearing this offer, Little Edgar also knew that the price was not low, but he was still a little unwilling to say, "I hope to get 10% of the shares of ICQ Group!"

"impossible!"

Brian Roberts, who had been holding back for a long time, couldn't help but said, "Bronfman Group can only get 9% of ICQ's equity at most, otherwise, I have the right to refuse this transaction, which is unfair to other ICQ shareholders. !"

Brian Roberts also figured it out. In addition to the acquisition of Bronfman Group, Immelt is not only to build the so-called ICQ empire, but also to dilute Comcast Group, Goldman Sachs, Telephone and Telegraph Group, Song Yang, etc. equity in the hands of major shareholders.

   gave the Bronfman family a 9% stake in ICQ, and the stake in Comcast's hands will probably shrink to 16%, making it even harder to compete with Immelt!

   "Goldman Sachs Supports President Brian Roberts!"

  Pelle Greene also stated that, knowing that Immelt wants to dilute their holdings, Goldman Sachs naturally cannot sit still.

After    Goldman Sachs, Deutsche Bank Investment Bank represented by Anshu Jain, as well as representatives of the Telephone and Telegraph Group, Enron and other companies also lined up with Brian Roberts, unwilling to give the Bronfman family more ICQ equity!

   Immelt looked around the conference room, and saw that only Song Yang was sitting firmly on the Diaoyutai over there, neither supporting nor opposing it. It seemed that these matters had nothing to do with Song Yang.

   sighed, Immelt sighed a little, if the ICQ board of directors was like Song Yang, it would be fine, and Immelt would not be blocked, then Immelt would not have to spend these hands and feet.

   "President Edgar, this is ICQ's final offer, a 9% stake in ICQ in exchange for the addition of the Bronfman Group!"

  Immelt doesn't want to fall out with Comcast and other shareholders, and there will be a chance to clean them up in the future.

Edgar Bronfman Jr. thought for a moment. After the merger was completed, the Bronfman family took advantage of the situation to become ICQ's fourth largest shareholder, second only to General Electric's 30%, Comcast Group's 16%, and The third largest shareholder, Song Yang, holds 10%. If he can buy another part of the equity from the market, then Edgar Bronfman Jr feels that he can surpass Song Yang and become the third largest shareholder of ICQ!

   After thinking about it for a while, Edgar Bronfman Jr nodded and agreed to the deal, and he would also receive these news in no time. It was just time, and there was applause in the conference room.

   "Welcome to ICQ, Director Edgar!

   I propose that Edgar Bronfman join ICQ's board of directors as ICQ's vice president, in charge of ICQ's entertainment business! "

   Immelt said loudly, as soon as he came up, let Little Edgar enter the power layer of ICQ, let Little Edgar give birth, and he will share the feeling of ICQ with Immelt.

   Little Edgar politely accepted the applause from the audience. When he glanced at Song Yang, he saw Song Yang applauding with a smile on his face, which made little Edgar inexplicably uncomfortable.

   (end of this chapter)