Back To 1995

  Chapter 931 No science, all metaphysics

"enough!"

Immelt couldn't bear it, and slammed it **** the table. His hands were covered with veins. One can imagine how angry he was now. He wanted to maintain his gentlemanly demeanor, but he heard that the engine department of General Electric was coveted. At last, I couldn't bear it anymore.

   "My god, this is crazy, Song, are you trying to evacuate GE?!"

   Larry Culp couldn't help but said to Song Yang at this time, even if he knew that Kravis was asking for a sky-high price, he still made people from General Electric, so he couldn't help jumping.

  Seeing the people from General Electric, I was really forced to look anxiously. Kravis just shrugged his shoulders.

  Song Yang didn't pay too much attention to it. Today, Welch was supposed to lead the bridge, and then come to cut a handful of leeks. How much he can cut depends on Song Yang's side, how fast the knife sharpens.

General Electric really has a lot of good things, just like NBC Group, which was acquired by ICQ, is even just an inconspicuous "small" department under General Electric. Outside, it is still a behemoth, which can compete with Disney , Viacom, Fox and other media giants exist.

  Song Yang today, just wants to take away a few more "small" departments like NBC Group from General Electric, take one more company, and make a lot of money this time!

   "The engine department cannot be sold, even if General Electric is willing to sell, Song, you can't take it!"

   Immelt calmed down, and said to Song Yang with a slightly mocking tone, General Electric's aero engines are quite powerful, and it is claimed that every two seconds, a plane equipped with a General Electric engine takes off.

   Not only Boeing, Airbus, but also a number of private aircraft manufacturers all purchase engines from General Electric. Even American fighter jets also use General Electric's engines and technologies.

   Immelt has no problem saying this. Even if General Electric’s engine department wants to acquire it, it probably needs the approval of Capitol Hill.

Song Yang didn't argue with Immelt, whether he can get the lords on Capitol Hill to agree that General Electric's sale of the engine department is not only a matter of power, but also a lot of money. They want to buy General Electric's In the engine department, it is estimated that most of Song Yang's cash flow will be emptied.

   "The ICQ equity in the hands of General Electric must be in the transaction!"

   Didn’t talk about it anymore, Song Yang said directly that the equity of ICQ must be recovered first, and then talk about other things.

At this time, the general electric executives in the conference room, including Larry Culp and others, couldn't help but look at Immelt. The great merger of ICQ is an achievement that Immelt is proud of. Opening up competitors from all walks of life and sitting on the throne of the head of General Electric is also inseparable from the creation of ICQ to become a giant.

Now, General Electric’s board of directors actually doesn’t have much objection to letting go of ICQ’s controlling stake. Anyway, the Internet industry is half-dead now, and ICQ is still losing money. It’s better to sell it and help GE get back some blood. never mind.

The only obstacle is probably Immelt. Selling the controlling stake in ICQ means that everything Immelt has done before has become useless, and he wasted countless resources and huge dollars of General Electric. But it was nothing, and it became his professional black history.

At this time, Immelt was not very angry, but just looked at Song Yang a few times, with a bit of unwillingness, and finally closed his eyes, "For 30 billion US dollars, General Electric gave up 30% of ICQ Holdings right!"

Before, when ICQ was in full swing, General Electric took away 9% of ICQ shares from Song Yang in order to obtain a controlling stake in ICQ. Ten billion U.S. dollars, it seems that it is a clearance sale, almost selling ICQ shares at a fracture price.

  But Kravis, Marcus and others don't feel sorry for General Electric. This is the time to slaughter fat sheep, so there is no mercy.

"Impossible. The market value of ICQ today does not exceed 78 billion US dollars. With the current situation of the Internet, there will be no market in the next few years. In addition, ICQ is currently burdened with huge debts. We can at most use the current price , M&A the ICQ shares held by General Electric!"

  Kravis, Marcus and others are all experts in lowering prices. Now that the ICQ is in their mouths, it is basically junk, something that no one wants.

At this time, Greg also said while beating the gong, "President Immelt, in fact, we all know that ICQ has more symbolic meaning to Song. We have all persuaded Song to put more thought into it. , put it on PayPal, ebay, Alcatel mobile phone or Apollo Space Exploration Company, Siebel electric car, there is no need for a...

Maybe the company did not end so well and put in too much effort, but Song's character is really...he doesn't want the things he has put in so much to be left outside, just like Italians don't want to let family members leave Same. "

  Greck looked helpless, as if repurchasing ICQ shares was Song Yang's willful decision, but he had to pay a huge price for that point of mind that he didn't know where to bring it up.

Even Song Yang looked at this acting with admiration, but Immelt didn't believe it at all, raised his arm and pointed at Song Yang, "But he is Song, in the hands of that idiot Edgar Bronfman Jr., ICQ It may be hopeless, but in Song's hands, it may not be possible!"

Hearing this, Song Yang didn't know why he should be happy for a while. Immelt looked up to Song Yang so much, and believed that Song Yang could turn decay into magic, and in the current Internet, he would re-create a **** road for ICQ. Come on, it should be helpless, Immelt gave this seemingly unreasonable, but extremely powerful reason.

   Immelt is betting that Song Yang can get ICQ out of trouble, so he dares to sell ICQ at a high price!

  Greck, Kravis, and Marcus all looked at Song Yang helplessly for a while. They talked for a long time, but finally fell on the metaphysics of their own big sponsor.

Not to mention Immelt, even Kravis, listening to the reason given by Immelt, feels very reasonable. There is no science at all, it is all metaphysics, but since Song Yang made his debut Since then, the things he has done are not enough to prove the power of this metaphysics? !

  Song Yang's worth is the most direct evidence!

   "For 80 billion U.S. dollars, the North American Global Investment Foundation can repurchase 30% of ICQ's shares from General Electric according to ICQ's market value of 80 billion U.S. dollars!"

  Looking at Immelt's determined face, he seemed to believe that Song Yang could save ICQ even more than Song Yang did, which gave Song Yang a headache for a while.

   "Repurchase at a price of 88 billion U.S. dollars!"

   "Eighty-one billion dollars!"

  For a while, the meeting room turned into a vegetable market again, but every return price means billions of dollars more, and no one can take it lightly.

   "84.5 billion dollars!"

When the price mentioned 84.5 billion U.S. dollars, Song Yang, Immelt, Kravis, Larry Culp and others were silent about something, knowing that the price had reached the bottom line of the other party. It is impossible to reduce or increase the price.

According to this market value acquisition, the North American Global Investment Foundation needs to pay 25.3 billion US dollars for 30% of ICQ's equity, which is basically in line with the previous acquisition estimates made by Marcus and Kravis. It is not too expensive, but it is also not cheap.

   After all, ICQ looks sluggish now, but there are really a lot of good things. How much is America Telecom worth?

  The telecommunications industry is doing better, and it will take at most three to five years to spin off America Telecom and go public, and it will definitely make a lot of money.

Seeing Song Yang nodding his head and agreeing to buy 30% of ICQ shares from General Electric at a price of 25.3 billion US dollars, Immelt was not only not the least bit happy, but felt a pain in his heart and a feeling of loss. He felt that he had ruined it with his own hands. The future of General Electric was ruined by him. He once got it all with his own hands, but now he has ruined it with his own hands!

   "Baker Hughes Energy, we are willing to bid $5.8 billion!"

   "General Electric Security Company, North American Global Investment Fund bid $11.2 billion..."

  After the agreement to acquire a controlling stake in ICQ was reached, the bidding continued without any sign of stagnation.

  (end of this chapter)