In October, Wu Guangyao attended the wedding of his son Wu Xianlei, whose father was one of the two senators in New York;

This is undoubtedly the icing on the cake for Wu Xianlei's career.

Over the past year, Wu Xianlei has had certain contacts in the American political arena because of the relationship with Mrs. Dolly Shicheff, the former owner of the New York Post;

Now there is a father-in-law of a New York state senator, and finally he has laid a certain foundation in the political arena.

New York, Manhattan, in a villa.

Wu Guangyao and Wu Xianlei walked side by side on the grass in the yard, chatting.

Wu Guangyao said to Wu Xianlei: "I recommend a politician to you. If you can build a good relationship with him, you will gain more in the future!"

Wu Xianlei was not surprised by his father's understanding of American politics. After all, as a ship king, politicians from various countries would know a lot.

"Father, please tell me!"

"The former governor of California, Ronald Wilson Reagan, I am more optimistic that he will become the next president of the United States; coincidentally, your father-in-law is also a member of the G and Party, you asked your father-in-law to introduce you, I believe you can get close Reagan. You have deep pockets and multiple American newspapers, just what those politicians need!"

"Yes, father, I will take your opinion!"

The two whispered for a while, and Keira took her daughter-in-law Kelly to find them.

"Can I join your discussion?" Keira said with a smile.

"Of course!" Wu Guangyao responded.

The four of them chatted while walking in the spacious yard.

"Father, I plan to initiate an acquisition of Disney!" Wu Xianlei said suddenly.

Wu Guangyao was taken aback. Although he had this arrangement, he didn't expect Wu Xianlei to propose it so soon;

Sure enough, the wings are hard!

Kelly, who was pulled by Wu Xianlei, was also taken aback!

Disney is one of the symbols of Western culture, and it is the childhood of most Americans;

Unexpectedly, my new husband,

He actually offered to buy it!

Keira was also a little surprised, after all, I felt that the elder son's steps were a bit fast!

Wu Guangyao asked: "How is Disney's financial situation?"

Wu Xianlei obviously has sufficient preparations and ambitions already ready to move;

Therefore, he immediately said: "Although Disney has been losing money in the past few years, its market value is still around 900 million U.S. dollars. If it is acquired at a premium, it is expected to cost about 1.2 billion U.S. dollars; but if it only needs control, it is estimated that 30% of the equity is enough. !"

Wu Guangyao immediately said: "It must be fully acquired and delisted first!"

Wu Xianlei asked incomprehension: "Father, if you think you want to strengthen control, 51% of the shares are enough! A large US listed company like Disney usually holds 20% of the shares and can control the entire board of directors, because His holdings are very spread out."

Facing his son's 'education', Wu Guangyao was not 'angry';

Wu Guangyao said with a smile: "If there are too few shares, you will control the board of directors, but if I have many plans to change Disney, wouldn't your interests be minimized?"

Wu Xianlei's idea is also good. In the West, unless it is a company that has just been established for a short time, or the company has just been acquired by a rich man or other companies, otherwise, under normal circumstances, the equity is rarely concentrated in the hands of one person. With the development of time, the equity gradually dispersed, and some companies even lost their major shareholders.

This is also the reason why the management of many large western companies can reversely control the board of directors, because there are no major shareholders at all. Occasionally, some large pension funds and trade union funds control large shares, but under normal circumstances, These large funds only care about yield and don't care about management rights.

Therefore, in Western countries, when many companies do not have a strong major shareholder, a shareholder with a small amount of shares is enough to control the board of directors, such as the world-famous Ford Motor, whose current chairman is Henry Ford II who only holds Has a 10% stake in Ford, but controls the entire Ford, known as the tyrant of the American auto industry.

When Wu Xianlei heard that his father had a good plan to change the status quo of Disney, he said excitedly, "What is the change that father said?"

Wu Guangyao waved his hand and said, "I'll tell you about this after the acquisition is completed! Now, just follow what I said, take all the equity in Disney and delist it. After we make Disney a new look, Re-listing, then your interests will be maximized!"

Wu Xianlei nodded, and then said: "But the acquisition funds of 1.2 billion US dollars, plus Disney's 300 million US dollars in debt, and capital injection, I am afraid that we will need 1.6 billion US dollars!"

Keira immediately stood up and said, "Don't worry about the funds! My shares in the Metro Group are worth about 2.8 billion US dollars, which is enough for mortgage loans to deal with this acquisition!"

Wu Xianlei was immediately moved and said, "Thank you, mother!"

For the sake of her eldest son, Kaila basically pledged more than half of her net worth as collateral!

However, both Kaila and Wu Xianlei understand that with Wu Guangyao around, it is impossible for the bank to take these shares for themselves.

Wu Xianlei's new wife, Kelly, was listening and wanted to do something for her husband;

Then he said, "My father may be able to help!"

Wu Guangyao immediately said to Wu Xianlei: "Kelly is right, you are going to visit your father and keep in touch with him! After all, Disney is one of the cultural symbols of the United States, and it needs to be approved by the American Acquisition Committee."

Wu Xianlei nodded yes!

 …

Acquiring the behemoth Disney is naturally not an easy task;

Therefore, the first thing Wu Xianlei needs to do is to form his own acquisition team and win over some allies.

The 'Guangyao Family Office' can naturally help, and together with Kaila finding a few people for his son, as well as people Wu Xianlei trusts, he finally formed a 20-member acquisition team.

After the team was established, Wu Xianlei thought of his good friend Ray Dario again, so he decided to bring him in to learn.

Wu Guangyao did not participate in this acquisition, everything was dominated by Kaila and Wu Xianlei.

After the acquisition team was formed, Keira took his son Wu Xianlei to make an appointment with Rams, the president of Citibank.

The Metro Group has grown into a behemoth today, and naturally cooperates with European and American consortiums;

The Citigroup consortium is one of the partners of the Metro Group in the United States.

"Ms. Kayla, Mr. Kayla, nice to meet you!" Ramsay dared not underestimate Kayla's mother and son. One is the king of retail, the other is the king of media, and they are very powerful!

After greeting, Keira showed her strong woman side, and said cleanly: "Mr. Rams, I want to use my shares in the Metro Group as collateral to borrow 1.2 billion US dollars from your bank!"

Generous!

In this era, 1.2 billion US dollars is undoubtedly an astronomical figure. Even Citibank has not loaned such a large amount to individuals.

Soon, Ramsay stabilized his mood;

The Citigroup consortium has invested in Metro Retail and McDonald's Fast Food. Naturally, they know that these two companies are not only large in size, but also have very high growth potential, so there are a lot of banks willing to lend to the owners of these two companies.

When others choose Citibank, it is out of trust, and I can't perform too badly!

Ramsay asked tentatively: "Ms. Keira, may I know what the funds are for?"

Kayla smiled and said, "Let my son tell you!"

Wu Xianlei knew that his mother was trying to broaden his network, and Citigroup was undoubtedly a good choice!

Citigroup is not controlled by a big family, so it is not very aggressive;

This is also the reason why Wu Guangyao chose the US consortium to cooperate with!

"President Ramsay, Star Media intends to acquire the Walt Disney Company!"

"Disney?"

Ramsay once again lost his composure a little bit. After all, the words about the acquisition of Disney came from a young man in his twenties, which still gave people the illusion that it was a joke.

"Yes, Disney is an excellent company. I hope I can lead such a company!" Wu Xianlei has received his father's promise, and he is already full of confidence in the future of Disney he will lead.

Rams quickly realized that Citigroup, as a cooperative ally of the Metro Group, naturally knew that there was a rich man behind the mother and son;

That is the overlord in many world fields such as 'World Ship King', 'Electrical King', 'Zip King'.

Even the young man in front of him is not simple. The newly promoted media tycoon in the United States has just married the daughter of a senator.

Ramsay said: "No problem, I will convince the board of directors as soon as possible to reach this loan! However, I have a question, which investment bank did you use for this acquisition?"

Wu Xianlei said generously, "It's Goldman Sachs!"

Suddenly, Ramsay turned out to be a new world-class "player" in the investment banking industry.

In 1970, Goldman Sachs seized a big business opportunity and emerged in the investment banking industry. At that time, "hostile takeovers" emerged in the capital market, and the emergence of hostile takeovers completely broke the traditional pattern of the investment industry and prompted a new industry order. Goldman Sachs took the lead in playing the banner of "anti-takeover consultants", helping companies that have suffered hostile takeovers to invite friendly bidders to participate in the bidding, raise the acquisition price or take antitrust lawsuits to attack hostile takeovers. Goldman Sachs suddenly became the angel of the hostile takeover.

With this feat, Goldman Sachs has become a world-class "player" on Wall Street in one fell swoop.

And Kaila only borrowed 1.2 billion US dollars from Citibank, which also reserved Goldman Sachs' share;

Although Goldman Sachs is only an investment bank, it is not allowed to participate in commercial loans;

But this top investment bank must have a partner;

And this separate loan can also reduce the risk!

.........

In Valkyrie, Morgan Stanley is the representative of "hostile takeover" and has obtained record-breaking income;

Goldman Sachs has adopted a very different policy, refusing to serve hostile bidders;

Instead, Goldman Sachs will protect its victims, a move that many of its peers see as hypocrisy, an attempt to attract attention and win over people, while Goldman Sachs sees them as the firm’s responsibility to its own and its clients’ long-term interests;

The benefits of the anti-hostile takeover business to Goldman Sachs' investment banking division are immeasurable.

When Keira and Wu Xianlei approached, the first thought of Goldman Sachs President Weinberg was to refuse;

However, after receiving Wu Guangyao's advice, Wu Xianlei first said: "Disney is not a non-buy item for Star Media, this is a goodwill acquisition!"

Yes, Wu Guangyao told Wu Xianlei that the acquisition of Disney must not be hostile;

Otherwise, Wu Xianlei has two disadvantages:

First, the U.S. Acquisition Committee will not approve it. After all, Disney is a cultural symbol of the United States;

Second, Wu Xianlei's identity is easy to be caught. Although Wu Xianlei has a seven-point European and American appearance, and his nationality is also American, the identity behind him is not a confidential secret, and anyone who is interested will know it.

Weinberg immediately retracted his words when he heard the good-faith acquisition;

The reason why I want to refuse is because Goldman Sachs is relying on the banner of "anti-hostile takeover" to manage its reputation;

Now if you help others to make a hostile acquisition, wouldn't it be a complete failure and make your peers laugh?

However, since the other party said that it was a good-faith acquisition, if Weinberg was hypocritical, it would be difficult for money;

If such a large acquisition is successful, it will be enough to make a profit for a year!

Weinberg said: "Happy to help! You two should also know that if it is a hostile acquisition, we are also worried that it will not match our company's culture, so please forgive me! However, since the two want to acquire Disney in good faith, then we Goldman Sachs will certainly do everything in its power to help."

Wu Xianlei said with a smile: "It's natural, we decided to come to cooperate with Goldman Sachs because of this style of work! It just so happens that I also believe in good faith acquisitions, and hostile acquisitions are like cutting off people's wealth, which is a big crime!"

At this time, the two founders of Disney—Roy Disney and Walt Disney—passed away one after another, and the Disney family members did not immediately take charge of Disney;

The chairman is Don Tatum, and the president is Cad Walker, both of whom are outside the Disney family.

Roy Disney's son, Walt Disney's son-in-law, are still just the top management of the company;

Then the faction of the Disney family will naturally have a struggle with the management faction formed by outsiders;

As far as Wu Guangyao knows, Walt Disney's nephew and Roy Disney's son - Roy o. Disney was squeezed out of the management next year on the grounds that the company's business continued to decline;

In this situation, it is quite easy for outsiders to intervene!

Especially when the faction of the Disney family is in a weak position, it is a godsend opportunity.

In fact, Wu Guangyao can probably come up with the acquisition plan;

But the role of Goldman Sachs is a communicative role;

Communicate with the management, the Disney family, the U.S. government, labor unions, shareholders, and even employees one by one, and strive to obtain the consent of most people. Basically, the acquisition can be announced as a success!

Regarding the timing of this acquisition, Wu Guangyao has already foreseen that it may last for one year, or even two years;

Anyway, in the past few years, Disney's performance will continue to decline, which will make shareholders decide to sell their shares.

This is the so-called no tears without seeing the coffin (performance continues to decline).

In November 1975, American Star Media officially issued an announcement to acquire Disney; based on the market value of 920 million U.S. dollars on the previous trading day, Star Media’s offer was 1.104 billion U.S. dollars, a 20% premium, and assumed all Disney’s debts at the same time .

Because it is only the first quotation, there is still room for premium!

For a while, it was like dropping a bomb in the United States!

The reputation of Star Media is far less than that of Disney, and people have started to inquire about the details of Star Media;

The owner of "Washington Star" and "New York Post" in the United States, and the owner of "The Sun" and "The Times" in the United Kingdom;

Wu Xianlei, the boss of Star Media, was picked up by reporters one after another: a 24-year-old media tycoon, the eldest son of the richest woman in the world, a graduate of Harvard Business School, the son-in-law of a New York senator, and handsome looks.

For a while, Wu Xianlei became the new idol of Europeans and Americans!

Although Wu Guangyao did not participate in the acquisition, he also began to plan for Disney's development;

First of all, write out the outlines of Disney's original animations such as "The Lion King", "Pocahontas", "Beauty and the Beast", and let them appear in advance;

Secondly, the acquisition of Marvel must be carried out, this is a super big treasury!

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