Hollywood Hunter

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In a living room downstairs in the villa, Janet and Sophia Faisy discussed the business adjustment of Chateau Latour during this period, and chatted casually about other topics. Janet inadvertently raised her wrist and looked at her watch. The meeting between Simon and Raymond Smith has lasted for an hour and forty minutes, far exceeding the original one-hour agreement.

Sophia also looked at her watch, got up and said, "It's already noon, I should go back."

Janet took Sophia to the door of the villa, noticed her inadvertently looking in the direction of the stairs, and said with a smile, "There are a lot of things going on recently. Simon will fly back to Los Angeles this afternoon. You may not see him this time."

Sophia gave Janet a nonchalant look: "Who said I wanted to see him?"

"Yeah, who said that?" Janet grabbed the bug in Sophia's statement and joked, "I didn't say you wanted to see him."

Sophia blushed suddenly.

Although Simon inhumanly warned her not to think about what she shouldn't think about that day, but since she had a skin-to-skin relationship, her attitude towards the little man had unknowingly changed.

At least, the love of fish and water that afternoon really made her a little unforgettable.

After putting the children here, I made up my mind to come and see them as long as the weekends weren't too busy. However, I just arrived this morning. I heard that Simon happened to be here. After a little bit of placement, I couldn't help but run over under the pretext of discussing the operation of Chateau Latour with Janet.

Before coming, I couldn't help but change into the ol suit that the little man liked very much, and put on makeup carefully.

Then, Simon didn't see it, but Janet saw the flaw.

In Janet's playful eyes, she almost fled, Sophia drove away from the manor, raised a hand and caressed her hot cheek, inexplicably lingering in her mind that day he brutally left her on her. In the case of red marks.

My God, I'm really helpless.

Janet waited for Sophia to leave, did not go upstairs, and called the four girls abcd to start preparing lunch. Raymond Smith was obviously going to stay at noon today.

Inside the villa study.

Raymond Smith had notified his assistant that he had temporarily canceled the trip to Europe, and he did not avoid Simon when he called.

Raymond Smith even thought that the young man was joking when he first heard Simon say that Westeros had a 4.9% stake in Bell Atlantic and hoped to buy the entire company.

The news that Daenerys Entertainment is about to bid for mca with Panasonic is almost known.

After confirming that Simon was not joking, Raymond Smith subconsciously asked if he planned to give up mca.

The answer surprised Smith even more.

Simon Westeros plans to launch two simultaneous acquisitions worth more than $10 billion.

Raymond Smith subconsciously regarded Simon's offer as a traditional leveraged buyout, and almost refused. He didn't want Bell Atlantic to fall into the situation of Reynolds Nabisco or Time Warner after the acquisition.

After Simon had roughly explained his acquisition intentions, Raymond Smith gave up his immediate rejection and began to inquire about more specific acquisitions.

Because they were very well prepared in advance, driven by Simon's topic, the discussion between the two became more and more in-depth without knowing it. The topic involved the change of Bell Atlantic's business strategy after the completion of the acquisition, the debt repayment model, the company's future Further expansion, the direction of the federal government's policy on the telecommunications industry, and so on.

When the noon sun fell on the coffee table covered with various documents between the two, Raymond Smith realized that the time was approaching 12 o'clock.

Simon, however, did not notice the issue of time and continued: "Listed companies often have to give up a lot of long-term plans in order to meet the short-term benefits that shareholders value. With the privatization of Bell Atlantic, these constraints will disappear, and we can be very calm. Put a bigger bet on the mobile communication and Internet business fields with great potential for future development. As long as sufficient advantages are accumulated in advance, once the federal merger control on the telecommunications industry is reopened, Bell Atlantic can immediately expand on a larger scale ."

Raymond Smith was brought back into the issue by Simon's words and said: "Simon, the prospect of mobile communication is still very bright, but the Internet, how can you be sure that you have not made the wrong bet? You know, according to your thinking, We only need to invest $1 billion in basic line upgrades. Once the development of the Internet industry does not meet expectations, the company needs to face not only financial losses, but may even be a matter of life and death.”

"Ray, I have compiled a memo on various ideas of the Internet industry before. If you are interested, you can take it back and read it. I think an industry has never existed in the first place, and it needs us to develop and create it ourselves. The world's electronic information network has been sprouting since the 1960s and has been brewing for more than 20 years. It has been widely used in military, commercial, scientific research and government offices, which is enough to prove the development of the Internet industry. Potential. Since the Internet can be used in so many professional fields, there is no reason why it cannot be popularized in the mass field with wider market potential.”

When Simon said this, he paused for a while, and then quickly said: "Imagine, Ray, if one day, in addition to the applications such as news, forums, personal homepages and e-mails already provided by the Igrit portal,

, people can also get movies, music, games, friends, shopping, etc. through the Internet, countless online services that you can think of or can't think of now, how big is the development potential of this industry? "

Raymond Smith also browsed and tried the online services provided by the Igret portal, thought for a moment, pointed to a pile of materials on the coffee table, and asked, "Simon, tell me these thoughts, and you won't be afraid that I will dump them. Drive yourself to do it? I don't have as much control over Bell Atlantic as you think."

Simon shook his head and smiled: "That's because you haven't done enough against the will of the shareholders. In a company like Bell Atlantic, even if you have a lot of power, it's impossible to do what you want. I believe that inside Bell Atlantic There are certainly plenty of executives out there who want to take your place. As a public company, whenever you fail, if only temporarily, in pushing these strategies, your so-called 'control' over Bell Atlantic quickly fades. Compare As long as we can agree on the fundamental direction of the company, I can tolerate management's long-term losses for even more than five years in a business."

Raymond Smith fell silent for a moment.

The two have been discussing for more than an hour, and Raymond Smith knew that if he hadn't moved, he wouldn't have discussed it with Simon for so long, and even canceled his original itinerary.

It's just that accepting Westeros' takeover offer has advantages and disadvantages after all.

On the plus side, as the young man said, he was freed from the strict supervision shackles of listed companies, and he could more boldly adopt some aggressive business strategies, and the company did not need to rack his brains on the earnings report every quarter.

However, on the downside, as Bell Atlantic's chairman and CEO, he does have a lot of power now, and as long as he doesn't make too risky changes to the company, he can safely stay in this high-paying position until retirement.

On the other hand, once the company was acquired, he, who was originally in power, would have found a boss for himself. The future development of the company can meet the expectations of this young man. If he fails to achieve it, he may be kicked out at any time. Even if you can get a huge termination fee through the golden parachute contract in advance, the career is basically ruined.

After weighing it for two or three minutes, Raymond Smith looked up again and said, "Simon, I need more commitment and guarantee from you."

"Ray, you know Amy Pascal, as Daenerys Entertainment's CEO, she's going to make over $100 million this year, which I believe should be the highest pay ever for a female executive." West Many people in the Luo system will also receive very generous remuneration this year, so you don't need to worry about your efforts being unrewarded."

When Simon said this, the conversation changed, and he continued: "However, Ray, I also understand your other meaning, you need to obtain enough power after I complete the acquisition of Bell Atlantic. Frankly speaking, I I can't promise you anything. I've read your resume and I'm pretty sure you have what it takes to run this business well, but I'm definitely not going to let it go. If you follow Hollywood, you know the two high-level executives that Sony hired after buying Columbia. No matter how absurd it is now, they are completely squandering this big studio, and before they were hired, both of them were actually very good producers. The reason for this situation is largely due to Because of the lack of restraint in their power. I will never make the same mistake as such a case has come before.”

Raymond Smith's expression was still a little hesitant.

Simon waited for a moment, then said: "Ray, I remember an anecdote about Apple circulating in Silicon Valley. Steve Jobs asked John Sculley, the current CEO of Apple, who was still working at Coca-Cola, to join Apple, and asked him, Do you want to sell sugar water for the rest of your life, or do you take the chance to change the world? Actually, I also want to say, Ray, do you want to retire safely at the helm of Bell Atlantic, and then quickly after a lively retirement party To be forgotten, or to create a business miracle that will be remembered with Simon Westeros?"

When Raymond Smith heard Simon's words, he remembered the brilliance of the young man in front of him in just a few short years, and a long-lost blood gradually grew in his heart. After a brief hesitation, he finally reached out: "Simon, I promise you. "

Simon and Raymond Smith shook hands tightly, and finally heaved a sigh of relief.

With Raymond Smith in place, there are not too many obstacles in the way of Bell Atlantic's board.

After everyone had lunch together, Raymond Smith hurried back to Philadelphia, Pennsylvania, which is only more than 100 kilometers away from New York, where Bell Atlantic's headquarters is located. Smith also took with him a draft of Westeros' intent to acquire Bell Atlantic, which included some unofficial bids and exit fees.

Simon initially made an unofficial offer totaling $6.3 billion, a 10% premium to Bell Atlantic's average share price over the previous three months. ‘

In terms of exit fees, Simon's promised price this time is 2% of the final transaction price.

Although he agreed to Simon's takeover offer, Raymond Smith quickly returned to his role during lunch, bluntly saying that Bell Atlantic's recent stock price was severely undervalued due to market conditions, so Simon must make a sincere offer, Only then can we impress many shareholders of Bell Atlantic.

However, because of the cooperation of Raymond Smith, this acquisition has been determined to be a good-faith acquisition, and the possibility of a competitor is very low, coupled with the continued downturn of Bell Atlantic's share price in recent months, the original $8 billion. Budget, absolutely splendid

Surplus.

You must know that for a usual goodwill acquisition, the stock premium will basically be within 20%.

Even factoring in the undervaluation of Bell Atlantic's stock due to the market downturn, at Simon's original estimate of a 30% premium, Westeros' purchase price would not exceed $7.5 billion. It's actually more likely around $7 billion.

However, Simon also promised in the intention plan that not only will he not withdraw cash from Bell Atlantic to repay the debt in the future, but will continue to inject at least $1 billion in funds for the development of the company.

Therefore, the overall funding budget for Bell Atlantic is still $8 billion.

Sending off Raymond Smith, Simon also hurried back to Los Angeles.

After two days of final preparations on Sunday and Monday, on Tuesday, October 31st, Daenerys Entertainment officially made an open offer to mca.

$7 billion.

complete in one step.

Panasonic has already made a $6.6 billion acquisition offer. If Daenerys Entertainment increases by $120 million, it will only appear very insincere, so Simon simply directly gave his own offer ceiling.

Countless people waited for a long time, and finally tried to see it.

When the North American media reported Daenerys Entertainment's move, mca's stock price rose again. As of Tuesday afternoon's close, mca's market value was close to the $7 billion overall offer from Daenerys Entertainment.

Panasonic has accumulated more than 12 billion US dollars in cash reserves overseas over the years, and Simon Westeros' personal cash assets have reached 8 billion US dollars, both of which are powerful.

Therefore, many people have begun to expect a bidding war to come.

On the other hand, after several consecutive intensive board discussions, Bell Atlantic responded to Simon's offer on November 1, agreeing to start formal acquisition negotiations with Westeros.

James Redbold personally led the team to begin consultations with Bell Atlantic management.

Because the preparations have been made in the early stage, all the acquisition team of Westeros needs to do is to reconfirm what it already knows about Bell Atlantic's operations and assets and liabilities, and then quickly focus on the specific negotiations. acquisition details.

At the same time, the acquisition team also began secretly reaching out to shareholders lobbying Bell Atlantic.

As a public company with a long history before the split, after the split in 1984, Bell Atlantic's equity is still very scattered, most of the shares are in the hands of many pension funds and insurance funds across North America, and there are few shareholders. The stake is more than 5%, which greatly increases the difficulty of Westeros' acquisition of Bell Atlantic.

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