Chapter 905 (1/2)

Simon has been buying Ge shares for a long time, and cersei capital's black rock asset management company is a major shareholder with more than 5% of GE's shares and board seats. Because of his good relationship with Steve Roth, he also held a small amount of Time Warner shares. In addition, the great success of DC movie universe has led to the close alliance between Time Warner and Denise over the years. Simon has no sense of crisis about GE's acquisition of Time Warner.

On the contrary, Simon also hopes that time warner can develop better under Ge and form a confrontation with Denise entertainment in Hollywood.

Competition makes progress.

This sentence seems to be conventional, but it is very simple.

GE's merger and acquisition of Time Warner is one of the important influences of Simon's big butterfly on the American media industry. In fact, this merger and acquisition also means that the pattern of the American media industry has basically taken shape. Whether it is the three old TV networks or the seven Hollywood film companies, they have basically found their owners. Even if there is another change in the future, it is probably just a matter of time From one big owner to another.

The core is oligopoly.

And then there's a further shift in Simon's plan.

It's not easy to change the pattern of three old TV networks plus a new Fox. The focus is still on the seven major Hollywood studios.

Denise entertainment has now locked itself in the position of a giant in the industry. Time Warner, the only Time Warner that can compete with Denise entertainment a little, is an ally of both sides. The other five studios, especially the ones Simon focuses on, will soon decline, even if they go bankrupt It's not impossible.

After all, some big Hollywood studios, such as Thunderbolt, have disappeared.

Nothing can last forever.

New York.

After the merger was approved, the two companies began to formally merge. For this reason, a special celebration reception was held on the following weekend. Simon was invited to attend, just to handle some work on the east coast.

Simon was on the east coast for the week before Oscar.

It's mainly about the trip to China next month.

It's not about the itinerary, but the business cooperation that will be signed in the course of next month's visit.

The first is a cooperation project with China's telecom industry.

In the 1990s, the development of China's telecommunications industry has entered a fast lane. By the end of 1995, China's fixed telephone users have exceeded 50 million, mobile communication users have exceeded 3 million, and there are as many as 25 million wireless paging users. Although the penetration rate is far from comparable with that of the United States, the average growth rate of relevant data in the past five years has reached more than 100%, and the potential in the future can be imagined.

With the rapid expansion of the market scale, China's telecom industry is also facing a very serious problem.

Lack of money.

Telecom industry is a well-known capital intensive industry. No matter it is fixed line or mobile network, it is not easy for any small company to play. In China, although the telecom industry is monopolized by the state, the profits are very considerable, but because of the rapid development of related industries, the self owned funds of China's major telecom giants are not enough to meet the needs of market expansion.

In the past few years, the Chinese government has repeatedly considered how to solve this problem.

The whole country's finance is very short of money. It's impossible to get enough bank loans or financial appropriations. The issue of corporate bonds has been going on all the time, but it's impossible to issue bonds without restraint after all, so we consider listing overseas.

After a whole year of discussion in 1995, I finally made up my mind in the near future.

Westrow system has been paying close attention to various industrial changes in China. Simon noticed this last year and asked cerxi capital's team of China Economic Research Institute to follow up.

In addition, Simon will visit China next month, and the two sides quickly finalized their cooperation intention.

To be precise, it should be three parties.

It is China Telecom that plans to go public. This is not China Telecom, which is one of the three largest companies in the future, but the predecessor of China Mobile. However, because of the state-owned system in the past, there is no clear listing subject in China's telecom sector because some government departments are not separated from enterprises. Therefore, if we want to go public, we must first peel off and restructure the related businesses.

This happens to be within the scope of cersei capital's Apollo management company.

In the original time and space, China Telecom (mobile) was listed in 1997, with 25% of the shares transferred, and the total amount of financing reached 4.2 billion US dollars. The capital obtained by taking the lead in eating crabs also made China Mobile the leader of China's three major telecom companies. At that time, it was Goldman Sachs that operated this business. Mobile began to get the capital, and Goldman Sachs also gained huge direct and interest through this IPO.

Cerxi capital does not intend to be involved in the investment banking business. However, it is no problem to let Apollo management company participate in the divestiture and reorganization of China Telecom and earn a consulting fee.

As for the IPO, in order to further pave the way for grace spatter's husband, Simon set up First Boston.Therefore, it is the tripartite cooperation of China Telecom, cersei capital and First Boston.

In the past, most of the other overseas investment banks were not optimistic about the overseas listing of China Telecom (mobile). Even Goldman Sachs did not have 100% confidence. It happened that during the IPO period, it encountered the Asian financial crisis. If it was not for a number of Chinese businessmen in Southeast Asia who insisted on backing up at the critical moment, it would almost be yellow in the end.

In a word, this is not a sweet cake.

At least in the eyes of other people who don't have the advantage of the prophet, it's a big adventure.

You know, although they only provide services, it involves billions of dollars of IPO Financing. If it causes losses to investors in the future, neither cersei capital nor the First Boston team can escape the responsibility. Just like the First Boston side, Bill spotter, who supports this project with Simon's support, is likely to be fired and his future will be ruined.

It's a big bet.

Simon, however, has no concerns.

Only he knows that many years later, looking back, all the enterprises or individuals involved in this project have made a lot of money, and they are not only interested in money, but also have accumulated a lot of political capital for themselves in China.

Goldman Sachs later led a series of overseas listing of China's large state-owned enterprises, because of the friendship accumulated in 1997.

This time, Apollo management company and the First Boston team jointly operate the IPO, which means that the two companies directly open the door of China's financial market. Cersei capital can obtain huge profits through early consultation fees and subsequent stock subscription, and the First Boston team can also earn huge commission by virtue of this large IPO.

After the success of IPO, the two companies will be able to get more business from China. Bill spotter can basically lock in the position of the next head of First Boston. Even if he goes further in the future, it is not impossible to become the core of Credit Suisse, the parent company of First Boston.

It can be said that there are many things at one stroke.

As the most important step to develop China's financial market, Simon specially attended the meeting and personally pointed out his ideas to Apollo management company.

First of all, we should have a long-term vision. We should never try our best to make a single sale.

In this respect, Wall Street is notorious.

If Simon doesn't watch in person, it's hard to say whether the teams of the two companies will work together to pit China.