American Fortune Life
Chapter 1236: Opportunity to join NBC Global
Chapter 1235: Stop the car and talk about the conditio Next »
Chapter 1237: Very good and powerful (37/64)
"Nbc Universal! I'm interested!"
When he heard the words from Andy on the phone, Buffett was frowning, and with an unpleasant feeling, Buffett let out a sigh of relief, his brows stretched, and his face smiled. The lion's big opening that he was worried about didn't appear. It was not difficult for him to matchmaking. Sure enough, he is a smart, understanding young man.
"Haha, you guy, it seems that you have a great obsession with the media empire, but nbc is not cheap. Even under the current economic conditions, it costs at least 20 billion US dollars. Can you eat it? ? "
After hearing Warren Buffett's ridiculous laughter, Andy raised his eyebrows and said, "Even if I eat, do you think GM will really sell me all of nbc Universal?"
"No, that's their mouthpiece. Even if they agree to the deal, it will be a conditional deal, and they will still hold the shares and board seats."
Andy has been mentally prepared for Warren's judgment, but if he wants to quickly build a media empire of sufficient scale, it can only be done through capital operation. Although the rise of AMC TV is quite strong, there is really no way to interact with nbc, abc, Compared with the three major radio and television networks of cbs, don't even think about exceeding it.
The news brought by Warren this time has undoubtedly given him a chance to take advantage of it. If it works properly, it may not be able to fulfill his dream of a media empire.
"I'm here to help. I think GM ceo Jeffrey Immet, who is experiencing hardships, will be very willing to meet you as a good genius. Then when will you return to New York, I can make an appointment for everyone to play golf together. Now, it ’s autumn, and you are not afraid to refuse because of the hot weather? "
"Hehe, of course, and my ball skills have really improved a lot now. Playing the ball is my best sport!" Andy raised his eyebrows slightly, a smirk appeared in the corner of his mouth, and said in a pun.
Unfortunately, his words were no different from what he said to the deaf. The old hooligan did not hear Andy's pun, but just laughed at a few words of Andy's ball skills, and agreed on the time of contact, and ended the return. It was a perfect communication.
After hanging up the phone, Andy took out his mobile phone and sent a text message to New York's Al, allowing the think tank to sort out the details of General Electric. He was absolutely after hearing the news about nbc global. I temporarily thought that although this had disrupted his prepared acquisition plan, the opportunity was fleeting and must not be overlooked.
If it can really enter the nbc global, then the acquisition of amc theaters will be dispensable. At this moment, Andy's ambitions will expand again, and there will be a bright light in his eyes.
After half an hour, Andy opened the video connection and started a video conference. He listened to his reports to him that he had all the information collected by General Electric in his hands and analyzed and judged it.
"... Unlike banks, ge finance itself has limited access to deposits and is currently in a very difficult situation.
The high leverage that Ge Finance had used before was supported by the higher performance at the time. However, the financial business profits have fallen and Ge has fallen into a tense situation for a while, causing market panic and plunging stock prices, and capital operations in trouble.
Coupled with the recent strengthening of the government's supervision of "non-banking important financial institutions", Ge Finance is therefore unable to carry out various highly leveraged financial operations, which has become a heavy burden on the parent company.
The company's credit guarantee rating was lowered, resulting in higher financing costs and further shrinking profits. The loopholes and risks exposed by GE Finance have made investors put greater pressure on GE to return to specialization and reduce finance.
It can be said that the current GE ceo Jeff Immelt has slowly lost the trust of the board of directors and continues to strengthen his position with external forces and good news. "
Listening to the analysis of the think tank, Andy touched his chin and thoughtfully said, "What did GE say that it had a market value of more than 600 billion yuan, are they really so short of money? Or just want to boost it with this financing. Share prices, dispel investor panic? "
"Boss, they don't even have a market value of 300 billion. It is because of their large body that they are even more short of money. Once the capital chain breaks down, they may collapse instantly. This is not alarmist."
Alwittlie seriously explained to Andy the doubts in his heart, and continued to show the data to prove it.
"As of July 17, this year's second-quarter earnings report from General Electric showed that the company's net profit for the quarter was 2.67 billion U.S. dollars, much lower than 5.07 billion U.S. dollars in the same period last year. The company's revenue also fell from 46.84 billion U.S. dollars last year to $ 39.08 billion.
Based on all data analysis, we concluded that last year, the company's total pre-tax income of $ 45 billion was $ 33 billion used to maintain business operations, and the remaining $ 12 billion could not even pay off the interest generated by its $ 43 billion debt.
As of July this year, GE's net tangible assets were only $ 17 billion, but its asset-liability ratio was as high as 3000% and it had liabilities of more than $ 500 billion. This means that once the underlying value of an asset falls by 3.3%, all of its tangible assets will be zero!
Therefore, GE must find more sources of funding. When the capital market is unwilling to lend a helping hand, its only solution may be to open source, reduce expenditures, and sell assets.
Since the first quarter of this year, after the news that General Electric is about to sell or spin off the home appliance business, many Wall Street analysts have been urging GE ceo Jeff Immelt to divest nbc Universal and consumers. Finance two business.
Because the former is the main reason for the decline in GE's profits, the latter is inconsistent with GE's parent company's development strategy focusing on the industry, finance and health care industries.
In my guess, Jeff Immelt is likely to have accepted the above proposal, and even if this time they receive assistance from external forces, GE should start preparing to open source and reduce expenditures and sell mismatched assets. "
Andy's eyes lightened slightly, and then he looked at the think tank members in the video window. After focusing on Al's face, he said earnestly: "If I now propose to acquire nbc Universal, Jeff Immelt may be happy See it happen, right? "
Al's face was slightly frozen, and the think-tank members in the meeting room also looked at each other. They were a little speechless about the sudden arrival of the big boss. Although the funds were sufficient, they could also annex nbc global in one fell swoop, but the acquisition was prepared before What about the plan?
However, after all, they only work. Big bosses can naturally change their goals. What they do is to serve big bosses. Several data analysts from the think tank immediately got together and started to organize the data of nbc global.
And Al frowned for a moment, and asked, "Boss, do you want to buy wholly or do you want to control nbc global?"
"A wholly-owned acquisition, GE may not necessarily agree, and I do not intend to spend too much cash on nbc Universal, as long as it becomes the largest shareholder, control nbc Universal, and then ..."
Although Andy didn't say what he said completely, Al, who knew his boss's urine, naturally knew what the boss didn't say, slowly eating away? Al groaned and said: "Then complete the absolute control of nbc Universal by discounting AMC TV, Peak Entertainment, Weinstein Pictures and cash, but in this way, we will inevitably be suppressed in the negotiations. , If you add Marvel Group ... "
"That wouldn't work, I wouldn't lose sight of it. I wouldn't use Marvel Group to make a deal!" Andy didn't even blink his eyes, and directly rejected Al's proposal for Marvel.
"Hulu video, I think this is definitely a huge attraction for nbc Universal. In this way, we can occupy some advantages in the negotiation. Of course, if this matter is to succeed, the most critical person is still GE's eo Jeff Immelt. "
After hearing Al's analysis, Andy nodded slightly, and then smiled confidently: "Relax, even if the acquisition is unsuccessful, I will make a fortune on GE this time!"
"Boss, do you want to invest in General Electric preferred stocks?" Al asked with a somewhat frowned frown, which was not like the thinking of his boss.
"Oh, how is it possible that I don't have that much patience and time to wait for their performance to get better, don't they still cash out $ 12 billion of common stock? Oh, you said, if Warren Buffett and I This genius, touted as the God of Wealth, also shares in General Electric. Do you think their stock prices will skyrocket? "
After hearing the big boss's plan, Al just nodded with a smile, and uttered something in his heart, this is his own boss!