Chapter 367 (2/2)
the two parties in the United States are mutually restrained. If the Republican Party targets itself, the Democratic Party will naturally take action. If you can't even protect your big gold owner, who will take your side in the future?
In the studio, James Leibold, of course, did not confront the congressman because of the above reasons. He just expressed his views on the matter.
The two continued to discuss some topics, and the ten minute interview soon ended.
It's less than eight o'clock to leave NBC headquarters.
After breakfast with Simon and his wife, James Leibold hurried to the upper east side. His wife, Carol Leibold, arrived early.
The topic of breakfast is of course all kinds of recent things.
Because this period of time has been closely watched by the media, in order to avoid the early disclosure of Bell Atlantic's acquisition plan, this matter has been temporarily suspended.
AOL's exclusive scheme negotiation with the three companies was also obviously affected by Simon's personal wealth exposure, and the three companies bit hard on the terms of cooperation. What Simon insists on now is that he will not accept the conditions for the three companies to participate in AOL in any case.
As for the acquisition of MCA, considering the impact of news exposure of danilisi Entertainment's bidding, Simon also began to make preparations.
Although it was Sunday, after breakfast, James Leibold still went to the headquarters of westero company in midtown to start the day's work.
These days, as Simon's spokesperson, James is in the midst of numerous engagements. He also has boundless scenery, so he is full of energy. What's more, it's not just the superficial scenery, but the 100 million yuan club members of westrow system exposed by Forbes magazine last month, in fact, James is also missing.
Having personally experienced the operation of the capital market last year and this year, James naturally won't miss such an opportunity. Simon also personally arranged for James to participate in it.
Although only US $20 million was raised at the beginning, it is more convenient to maximize the benefits with less funds. After more than one year of continuous operation, the recently transferred funds from overseas still exceed US $160 million after tax payment.
Forbes magazine is the last one on this year's US 400 rich list, and Donald Graham, the successor of the Washington Post, has a personal wealth of only $260 million. James Leibold, with a fortune of 160 million US dollars, has been among the top group of rich people in the American pyramid in this era.Under Simon's guidance, the rebolds took advantage of the recent downturn in the stock market and put all the money on the shares of Microsoft and Intel. If Microsoft and Intel are still able to reach the market value of the Internet bubble in the original time and space, only this investment will be enough to bring the Reid family into the tens of billions of dollars.
Of course, these are afterwords.
In the Fifth Avenue apartment, seeing off the rabolds, Simon and Janet are not out today.
After returning to New York yesterday, Simon sent his Boeing 767 to Los Angeles. Now he knows that there are not many people in New York. It's just a quiet day.
The roof of the apartment has been decorated into a garden by Janet. The autumn sun is just right. They are sitting at a simple wooden long table, on which are all kinds of materials collected by Janet this week.
”The hedge fund team will certainly make good profits in the next few months. However, some funds must be left overseas. About $6 billion can be transferred back at the end of the year. If we want to complete two acquisitions at the same time, we need to raise another $9 billion in loans according to the acquisition funds of MCA group's $7 billion and Bell Atlantic's $8 billion. It's very easy to get the money, but even at the annual interest rate of 4.5% over a 10-year period, the total interest will reach $2.19 billion, and about $1.12 billion will need to be repaid every year. ”
Janet was still next to Simon. After that, she found out a document and said, ”this is the information of the current management of Bell Atlantic. The current chairman and CEO of Bell Atlantic is Raymond Smith. He is a very outstanding professional manager. He is 56 years old. He started from a bottom-level intern in the earliest bell system and has been working step by step to today Before the disintegration, he had become the financial director and was one of the competitors of at-t's chief executive. ”
Simon took the papers and began to look through Raymond Smith's materials.
In addition to the leader of Bell Atlantic, Raymond Smith is a versatile poet and playwright with many published works. In addition, he is also a director of many large enterprises, and has five doctorate titles.
Searching for information in his memory, Simon also found that it was Raymond Smith who gradually expanded Bell Atlantic into Verizon, the second largest telecommunications company in North America. In contrast, all the other six Bell companies split up by at-t in 1984 failed to get rid of the fate of acquisition or bankruptcy.
Simon didn't intend to change the management immediately after the acquisition of Bell Atlantic. After reading the information of Raymond Smith, he didn't have a similar idea.
Janet waited for Simon to finish reading Raymond Smith's information, and before he could speak, she said, ”that's great. However, he is also the biggest obstacle to our acquisition of Bell Atlantic. Bell Atlantic's current operation is far better than that of its neighbor, Nynex. Smith is also a very ambitious person in his career. Once we acquire Bell Atlantic, the company will definitely bear huge debts, which is very unfavorable for its future development. Unless we can solve this problem, Raymond Smith will not easily accept our acquisition. ”
Simon looked at the information in front of him, thought about it for a moment, picked up the pencil at hand, enumerated and calculated in the blank space of the document, and said: ”Bell Atlantic's equity is too scattered. Even if we have an agreement, we may not be able to get 100% of the company's shares in the end. In this way, we can save a sum of money temporarily, absorb a batch of shares with the current share price in advance, and save another sum. For the time being, we only need to pay $6 billion for the transaction price of $8 billion based on the 75% shareholding. ”
Looking at Simon's calculation, Janet said: ”however, if we want to develop ISP business, we still need to invest a lot of money in technology research and development and infrastructure construction. The remaining $2 billion can not be saved. Moreover, we can not only get 75% of the shares. If our shareholding ratio exceeds 90%, we can force other shareholders to sell shares according to the federal securities law All right, it's completely privatized. ”
”Well, I mean,” Simon wrote down a few quick numbers on the paper, ”try to transfer the debt to danielis entertainment as much as possible, and if necessary, buy MCA with all the loans, so as to minimize the acquisition resistance on Bell Atlantic side.”
”If we do this, because of the high debt ratio, the future IPO of danielis entertainment will certainly be seriously affected.”
Simon couldn't help laughing.
It's really hard to have the best of both worlds.
Simon's original plan was to start the IPO of Denise entertainment after the release of toy story next year. However, once the acquisition of MCA is completed, it is impossible to digest the company without two or three years, and the IPO can only be postponed.
Simon is not short of money.
It's not just the overseas capital. According to the original three-year contract, the technology stocks held by Westeros can be sold next year. Simon can easily cash out more than a billion dollars if he wants to, as is the case with many other assets of the westrow system.If you are willing to accept external shareholders to join danielis entertainment and other core enterprises of Westeros system, you can raise a lot of money at any time.
It's just that both the technology stocks in hand and Daniels, igritte, melisandro and other enterprises have great growth potential. Simon is reluctant to sell or share these shares too easily.
After a moment's consideration, Simon decided: ”for the time being, I'll draw up a new acquisition plan according to this idea. MCA will completely adopt the loan method for acquisition. Bell Atlantic will use its own funds as much as possible. We'll talk about the future.”
Jennie nodded, and the two began to discuss more specific details of the plan.