Chapter 380 (1/2)
After a moment's hesitation, Lu wassalman said: ”Simon, it's impossible to completely exempt the exit fee, and the board of directors will not agree, but we can discuss the specific amount carefully.”
Simon wasn't going to waste too much time on it, saying, ”well, 50 million dollars, fixed number.”
50 million US dollars, for most ordinary people, is a huge sum of money, but for Simon, the money is nothing.
The exit fee negotiated by MCA and Panasonic is 2.5% of the final turnover of both sides. If the market value of MCA is close to US $6 billion in the near future, once Panasonic abandons the acquisition, it needs to pay US $150 million exit fee, which is roughly equivalent to the net profit of MCA in half a year.
Wassalman originally thought that the exit fee of danielis entertainment could be set at 1% to 2%, which was a big concession. Hearing that Simon was only willing to give a fixed fee of $50 million, he shook his head and said, ”Simon, this number is too low.”
Simon insisted: ”you want me to get involved in this as soon as possible, Lou. That's the price that has to be paid.”
Vassalman thought again and said, ”well, it must be made public in advance.”
Simon shook his head: ”no, after signing the agreement of intent, Denise entertainment will start the feasibility investigation of MCA acquisition, and will not really start the acquisition immediately.”
Vassalman's mouth was drawn. The feasibility study, who would believe that danilisi entertainment has not even finished the pre work?
However, we all know that this is just a pretext, and vassalman did not refute it.
The two continued to haggle for a while, and Simon barely raised the exit fee to $60 million, roughly equivalent to 1% of MCA's current market value. Danielis entertainment will sign an agreement of intent with MCA within one week to investigate and evaluate the feasibility of acquiring MCA. MCA needs to cooperate and actively provide necessary internal assets and financial data.
At the same time, although the matter needs to be kept secret, MCA can inform Panasonic of the official participation of danilisi entertainment in the bidding.
Send Simon to leave in person. Vassalman returns to his office just now. MCA president Sid simberg has appeared. Seeing vassalman nodding, simberg knows that Simon has confirmed his entry and asks, ”Lu, have you discussed the management right of the company with westero?”
After a serious illness three years ago, Lu wassalman finally showed his intention to retire, which is why he will agree to sell the company he has controlled for decades.
However, the deeper the power is immersed, the more difficult it is to put it down.
After a few years, because of his better health, vassalman's idea of retiring gradually faded. Among the acquisition conditions discussed by Panasonic and MCA, it is very important to maintain the existing management's control over the company.
Compared with Lu wassalman, who is 77 years old, Sid schinberg, who is only 55 years old, does not want to give up his power.
Lou wassalman shook his head, sat down slowly behind his desk, and said, ”a friend of mine in Washington called me yesterday morning and said it was owitz. They were networking to try to stop danielis Entertainment's acquisition of MCA. I asked owitz myself this morning, and he admitted
Ronald Reagan used to be a signing artist under MCA in his early years, so vassalman also had good connections in politics.
Sid schinberg was a bit surprised by the news. He forgot the question and said subconsciously, ”we can't let owitz sabotage this acquisition.”
”Of course,” wassalman said, gesturing simberg to sit down opposite him. ”I've already warned him. However, if I choose between Panasonic and danielis, I prefer to sell the MCA to Panasonic. Do you understand why? ”
Sid simbergella took a chair and sat opposite vassalman. After thinking about it, he quickly nodded: ”if the company is acquired by Denise entertainment, westrow will probably not let us continue to run MCA.”
”It's not very likely, it will not,” wassalman said. ”Once vestero gets MCA, he will definitely integrate danielis and MCA. Many businesses of our company just complement danielis. Westero has built a very good management team in recent years, and he will not be able to stay with us at all
Sid schinberg quickly cleared up vassalman's thinking.
Vassalman urged danelis entertainment to join the bid, which could force Panasonic to raise its offer.
Then, owitz made a move at the right time to exclude danielis entertainment, so that he could sell the MCA to Panasonic smoothly. Although he changed the shareholders, the MCA would continue to be in the hands of his own management.
Vassalman saw a clear expression on Sid schinberg's face and added with some serenity: ”besides, Hollywood has always been ours, westero. Anyway, it's just an outsider. I don't believe that the other companies will give up completely just because of the interests of one or two films to stop the continued expansion of daenerys entertainment. ””We” here naturally means Jews.
No matter what the shareholders behind the scenes are, the real power of the studio itself is basically Jewish. Lu wassalman, Sid schinberg, Steve Ross, Barry Diller, Shirley Lansing, Peter Cooper, and so on.
Even Amy Pascal, it's the same.
Therefore, Hollywood is a Jewish Hollywood, which few people would object to.
The Jewish community in charge of Hollywood is bound to instinctively resist a non Jewish controlling more and more power.
Simon westero is just a man of unknown origin. Although there was a surname that could show his ethnic origin before westero, no one knew whether it was true or false, so no one knew what his ethnic origin was.
In fact, the traditional and conservative western countries, different groups of people, have always attached great importance to this problem.
The unconfirmed rumor that a certain American president will be more or less related to the British royal family is actually the best proof of this.
Simon westero's rise is so fast that people are dizzying. However, no one will be too slow to respond to this MCA acquisition.
Although westero did not exclude Jews and other racial tendencies in the process of running danielis entertainment, he was not a Jew after all, or did not publicly admit that he was a Jew.