I Want To Be a Rich Man on Hong Kong Island

Ginza, Lenovo Building.

In the past two years, the competition between Japan Electric and American Electric has been extremely fierce, especially in the field of televisions, which is the main battlefield for both sides.

Beginning in 1962, the "Ten Days Club" led by Lenovo Appliances united the seven major electrical appliance manufacturers in Japan and launched a fierce offensive against American TV manufacturing.

In particular, Lenovo's Trinitron technology has made American TVs helpless.

Of course, Lenovo Electric did not eat alone, and sold 800,000 Trinitron picture tubes to its counterparts in Japan every year;

Lenovo Electric sells about 600,000 color TVs every year. Except for the first six months without profit, in 1963 and 1964, TVs and picture tubes began to make profits; in 1963, TVs and picture tubes made a profit of 25 million US dollars. , with a profit of $30 million in 1964.

At this time, there were only a few TV manufacturers in the United States, and the rest had all closed down;

The rest are Motorola, Warwick, RCA, General Electric, and Johnny's five TV manufacturers.

In the conference room, Wu Guangyao and six senior executives from Lenovo Electric were having a meeting.

"There are only five TV manufacturers left in the United States. Do you think we can eliminate them completely?" Wu Guangyao asked.

As long as the last five electrical appliance manufacturers are eliminated, even if half of them are eliminated, it will be enough for Lenovo Electric to make a lot of profits.

At present, a TV earns about 25 to 35 US dollars. If Dongying TV can completely beat the US TV industry, then the price will be raised immediately, and the profit of a TV can be doubled by then.

Akio Morita seemed to have planned it long ago, and said, "President, I have a point to pay attention to, and that is to ask for a price!"

Wu Guangyao smiled, and said, "Let's talk! As long as you can earn it back, it's not a big price to pay!"

Everyone has come to the spirit, the ability of Akio Morita in the past few years is obvious to all;

Akio Morita is mainly responsible for the unexpected international market of Dongying, and has been running abroad all year round;

Over the past few years, Lenovo Electric's overseas business has grown by leaps and bounds.

"There are still five TV manufacturers in the United States, Motorola, Warwick, American Radio Corporation, General Electric, and Johnny's.

If we take the initiative to stand up and initiate an acquisition of Motorola's TV industry; for the remaining four companies, we can allow several other electrical companies in Dongying to make an acquisition. "Akio Morita said confidently.

"Then what price do you think we need to pay for the acquisition of the Motorola TV project?" Wu Guangyao couldn't help but get serious at this time.

Gein, Motorola also has factories in Japan, Taiwan and other places, so in order to retaliate against Japan's electrical appliance companies for selling low-cost TVs in the United States, Motorola retaliated by selling low-cost TVs in Japan.

For example, the original market price of a color TV should have been US$650. In 1962, Dongying Electric Appliance Co., Ltd. sold it at a loss in the United States. A color TV set could be purchased for US$450. The U.S. sells for around $550, continuing to squeeze the big players.

Because Motorola has factories in Dongying and Taiwan Island, it also joined the war. It sold color TVs in Dongying for US$550 a set, and took revenge on Dongying's electrical appliances in turn.

"We made a condition that Motorola couldn't refuse, that is, at a price of 70 million US dollars, to buy Motorola's TV manufacturing rights sold to Japan, factories in Taiwan and other places, and Motorola to close the TV factory in the United States."

Everyone gasped, Lenovo Electric's annual profit is only 50 million US dollars, and this is because of the Trinitron technology; otherwise, the annual profit would only be about 25 million US dollars.

And now it will cost 70 million US dollars to make Motorola stop producing TVs. No wonder Akio Morita said it was a big price.

Not to mention that Motorola has no reason to refuse this price, even if Lenovo Electric does not have Trinitron technology, it will not refuse.

"Okay! Go talk to Motorola!" Wu Guangyao immediately agreed.

It seems that the price paid is very high, but in fact, if Motorola's TV industry is really brought down, Lenovo Electric's annual extra profit may be around 50 million U.S. dollars;

The important thing is that Lenovo Electric can rule the TV industry for 30 years without any problem.

Akio Morita got the consent of Wu Guangyao, and immediately rushed to Motorola headquarters by plane.

This negotiation only took three days, and the two parties signed an acquisition in the United States that attracted the attention of the world!

Lenovo Electric paid $75 million to Motorola, and Motorola packaged and sold the TV industry chain (including technology) to Lenovo Electric.

This news has already been released, and immediately caused a huge sensation in the world business!

No one thinks that Lenovo Electric is losing money, but describes Lenovo Electric as "the wolf is coming".

In the mid-1960s, what was the concept of a huge sum of US$75 million? In terms of purchasing power, it may be US$3 billion in the 21st century;

And Motorola's TV industry, to put it bluntly, is a loser under the attack of Dongying Electric Appliances. Who would have thought that it would be worth so much money?

The reason why Wu Guangyao agreed to this plan was not because he felt that Motorola's TV industry was worth so much money;

The key is that Motorola's TVs will be discontinued earlier, and Lenovo's Trinitron TVs will be able to raise prices earlier.

To put it bluntly, whether it is now or in the future, many acquisitions are not for the company being acquired, but for the purpose of monopoly;

Achieving a monopoly is the classic in acquisitions and mergers!

On March 10, Wu Guangyao deliberately changed the venue of the "Ten Days Meeting" to the Ritz-Carlton Hotel in Ginza, and Wu Guangyao attended the meeting on behalf of Akio Morita.

"Mr. Wu, I didn't expect Lenovo to have the courage to acquire Motorola's TV business without making any noise!" Said Masaharu Matsushita, the son-in-law of Konosuke Matsushita.

Konosuke Matsushita has no son, and handed over Panasonic Electric to his son-in-law Masaharu Matsushita as early as two years ago.

At this time, everyone in the room admired them sincerely. Although everyone was a competitor, the American TV had not disappeared at this time, and everyone was still an ally;

Besides, Lenovo's Trinitron picture tube is what everyone needs!

Lenovo Electronics' Trinitron picture tubes have not been supplied to Dongying Electric Appliances for the first three months since their production;

Since then, the supply has never been cut off. Of course, the profit of each picture tube is about 15 US dollars, and Lenovo Electric can be regarded as an extra business.

"Everyone, the longer this war drags on, the greater our loss! Therefore, the remaining four American TV manufacturers, Warwick, Radio Corporation of America, General Electric, and Johnnys, will be handed over to you. If the two companies are merged by us, we can immediately increase the price. At that time, the price of the acquisition can be earned back in just two to three years. And we can dominate the TV production industry in Dongying for at least 30 years." Wu Guangyao Said.

Panasonic, as the leader of Dongying Electric Appliances Industry, Masaharu Matsushita naturally took the lead in responding: "Then our goal of Panasonic Electric is to set the goal of General Electric! Everyone, in fact, American TV technology still has a lot of merits, so we still have to acquire them. There can be unexpected gains."

Good guy, he is a talent, Wu Guangyao couldn't help but praise Masaharu Matsushita in his heart.

After the meeting, Wu Guangyao couldn't help sighing that American televisions and electrical appliances might not last until the 1970s before being divided up by Japan.

Haha, Wu Guangyao thinks this feeling of witnessing history and creating history is really good!

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