Back To 1995

  Chapter 989 This is not what it used to be

Jerry Levine ignored the complaining Ted Turner. This old man scolded people so hard. When the stock price of AOL Time Warner collapsed, Ted Turner ran to the Rainbow Hall of the Rockefeller Center building to curse, and threw Jay Ray Levine was a hot search, and it also opened the prelude to the media blasting him and Keith.

Looking at the directors and executives of Time Warner sitting in the conference room, they were all whispering in low voices, and they didn't pay much attention to Jerry Levine. Obviously, the authority of his CEO, within Time Warner , has been somewhat lost.

On the other hand, Richard Parsons, who once helped Jerry Levine, is faintly sought after by the crowd. He is considered to be the successor of Jerry Levine's president after Jerry Levine retires. The characters, people come and go, the tea is already cold.

Ted Turner is also related to Richard Parsons. He has not left Time Warner yet, and he has not cashed out all the stocks in his hands. Whether the stocks in his hands will be worth any money in the future depends on Richard De Parsons would do.

   "I have something to announce, which concerns the entire Time Warner, including everyone here!"

  Jerry Levine didn't care about the reaction of the people in the conference room, he spoke directly, and the originally noisy conference room became completely silent after Jerry Levine's next sentence came out.

   "I received an invitation from Bruno Song today. ICQ is going to initiate the acquisition of AOL Time Warner!"

   Ted Turner, who was still arguing with Richard Parsons, couldn't help but widen his eyes when he heard this, "Bruno Song wants to buy Time Warner?"

  The entire Time Warner executives were also shocked by the news. A moment later, the conference room exploded.

   "Can anyone tell Time Warner what to do now?!"

   "Is Song really going to buy it?"

  "One disaster is not enough, do you want to do it again? Internet companies are all liars!"

  People in the conference room had different reactions, some were excited, some were angry, some were doubtful. They suspected that this time was another big hole, and all kinds of beings were vividly displayed here.

   Ted Turner originally wanted to mock Jerry Levine, whether he wanted to push Time Warner into the next fire pit.

   But when the words came to his lips, Ted Turner talked again. It is true that within Time Warner, Internet companies cannot be trusted at all.

   But that is also relative. It is rare to be able to play the Internet to cut leeks and become the richest man!

  At the beginning of Time Warner's merger with AOL, it still wanted to challenge ICQ, but it was always overwhelmed by ICQ.

Like AOL Time Warner, ICQ has also experienced ups and downs. First, the major shareholder was replaced by General Electric, and then the stock price collapsed. Finally, Song Yang brought people back to ICQ and dismantled ICQ to pieces. After the fierce operation, after selling American Telecom, Universal Music, and Universal Pictures, and acquiring Sierra Games, the stock price of ICQ has started to pick up again, and now the market value has slowly climbed back to around $100 billion. !

Compared with ICQ at its peak, the current stock price and market value of ICQ have dropped by more than half, but compared to AOL Time Warner, ICQ's life is much easier. With a lot of cash flow in hand, it is basically Don't worry about bankruptcy and debt.

   In addition, they came up with a gimmick to launch a new social platform. Not to mention, Wall Street institutions and a bunch of leeks are still eating this, which forced ICQ's stock price to rise again.

  If ICQ, which is good at playing the Internet, takes over Time Warner, it seems to be a good choice. At least it seems that the stock price does not have to worry about falling. At this time, Ted Turner had various thoughts in his heart.

  Richard Parsons looked at the reactions of everyone in the conference room, and couldn't help but look at Jerry Levine. He was a little uncertain about what his former boss was planning.

Is Jerry Levine really thinking about Time Warner, or does he not want to retire? Richard Parsons is not sure about this kind of thing, but if Time Warner is acquired, then He, who was originally scheduled to be the next president of Time Warner, has basically failed. ICQ will definitely not let him take over Time Warner, and will definitely replace him with his own people.

   "If the merger with ICQ is still a mistake?!"

  Richard Parsons suddenly spoke at this time, which made many people in the conference room more hesitant.

Jerry Levine glanced at his former younger brother and did not refute, but looked at the crowd in the conference room, "I will not seek to be the president of Time Warner again. Regardless of whether this merger will come true or not, I will Resign as President of Time Warner!"

  “Now Time Warner is in trouble, AOL’s revenue continues to shrink, and dial-up Internet users are being taken away by broadband and satellite Internet companies, and may continue to face huge losses in the next quarter!

  At the same time, AOL Time Warner United is also facing $3 billion in financial fraud compensation and $28 billion in debt.

  I admit that I have made mistakes, but I want to solve this trouble for Time Warner before I retire, whether it is for the board of directors or ordinary investors who bought Time Warner! "

  Raising his arms, Jerry Levine said, "I propose to start merger negotiations with the ICQ acquisition group!"

  Voting began in the meeting room. The directors who supported Jerry Levin, as well as those who wanted to get rid of this mess, all raised their hands, but most of them were still hesitant.

At this moment, Ted Turner, who had been arguing with Jerry Levine and making troubles, drove Case away and sent him home for retirement, suddenly raised his arm, "I support Time Warner to start negotiations with ICQ !"

The support of Ted Turner surprised the people in the conference room again. Ted Turner would support Jerry Levine, which they did not expect, and Richard Parsons sitting next to him also Some didn't expect that the bad old man who just swore to support him as the new president of Time Warner would turn his back on him so soon. Have you considered his feelings as a client? !

  In a villa in New York, Case, who had lived a retirement life ahead of schedule, was aimlessly flipping through the TV.

Leaving AOL, which he established with one hand, completely disrupted Case's life. Usually, at this time, he would either hold meetings at AOL, or attend gatherings and parties of some big shots, and countless people would surround him like stars. .

But now, everything has changed, those attendants are gone, and the parties that would not have been held without him in the past have not been invited. Case has more time, but he seems to have nothing to do Generally...

Case also thought about coming out again. Going back to AOL Time Warner is no longer expected. It is possible to establish a new company, but for Case, who has been in charge of a giant company with more than 300 billion dollars, let him start from scratch. Like a little boy, to beg his past rival, or even his younger brother, Keith really couldn't pass the test in his heart.

  It is true that a man can bend and stretch, but with Case's experience and age, it is really too difficult to achieve that step.

The arrival of a person interrupted Case's thoughts. When he saw Leon Sis, Case bought a cup of coffee for him. In the past, Leon Sis did all these jobs, but now that Case has retired, he can still The one who came to see him was Leonsis.

Case also felt a little guilty about Leon Heath. As his confidant, Leon Heath was quickly marginalized in AOL Time Warner after Case retired. against.

   "You seem to have something on your mind?!"

   Case asked Leon Sis with a smile, and continued to switch TV stations. When he saw the entertainment channel, Case couldn't help but pause.

"Starring the Italian Victoria's Secret supermodel Monica Bellucci, The Beautiful Legend of Sicily was released worldwide for three days, with a North American box office of over 14.5 million US dollars and an IMDB score of over 9.1 points. Many film critics praised this as the best movie of the year. Film…"

  There is a still photo of Monica on TV, which is the scene where she lights a cigarette and several men scramble to light the lighter for her.

Case could see that this entertainment channel was touting the movie. Case was not interested in the entertainment industry, but Warner Pictures was owned by AOL Time Warner. I understand, and I have heard the rumors between Monica and Song Yang.

   Leon Sis, who was on the side, saw that at this moment, Case was still in the mood to watch some TV.

   "Just now, Jerry Levine held a board meeting, and I heard some rumors."

  Listening to Leon Sith's words, Case pricked up his ears, but his expression remained calm.

   Ke Leonsis's next sentence made Case completely unable to hold back, and he froze there.

   "I heard that Jerry Levine wants Time Warner to start merger negotiations with ICQ!"

  (end of this chapter)