Chapter 580 [Acquisition of Disney! 】

  In October, Wu Guangyao attended the wedding of his son Wu Xianlei. The woman’s father was one of two senators from New York;

  This is undoubtedly even more powerful for Wu Xianlei's career.

  In the past year, Wu Xianlei originally had a certain network in American politics because of the relationship with the former owner of the New York Post, Mrs. Dolly Schchief;

  Now he has a father-in-law of a New York State Senator, and he has finally 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 together.

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

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

   "Father, please say it!"

"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 ask your father-in-law to introduce you to you. I believe he can be approached. Reagan. You have strong funds and a number of American newspapers, exactly what those politicians need!"

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

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

   "Can you join your discussion?" Kayla said with a smile.

   "Of course!" Wu Guangyao responded.

  The four people walked in the spacious yard and chatted together.

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

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

  Sure enough, the wings are hard!

  Kelly, who was pulled by Wu Xianlei, was also shocked!

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

  Unexpectedly, his newlywed husband would actually propose to acquire!

  Kayla is also a little surprised, after all, I feel that the eldest son is moving a bit faster!

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

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

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

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

Wu Xianlei asked uncomprehendingly: "Father, if you think you want to strengthen control, 51% of the shares is enough! Large American listed companies like Disney, which generally hold 20% of the shares, can control the entire board of directors, because His equity is very dispersed."

  Faced with his son’s ‘education’, Wu Guangyao was not ‘angry’;

  Wu Guangyao said with a smile: "If the shares are too few, you will even 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 another company, otherwise, the equity is rarely concentrated in the hands of one person. With the development of time, the shareholding has gradually dispersed, and some companies have 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 pensions and union funds control large shares. But under normal circumstances, These large funds only care about yields, not management rights.

Therefore, in Western countries, when many companies do not have strong major shareholders, a shareholder with a small amount of shares is enough to control the board of directors. For example, the famous Ford Motor Company, whose current chairman is Henry Ford II only holds With a 10% stake in Ford, but controlling the entire Ford, it is known as the tyrant of the American auto industry.

  Wu Xianlei heard that his father had a good plan to change the status quo of Disney, and said excitedly: "What change did my father say?"

Wu Guangyao waved his hand and said: "After the acquisition is completed, I will tell you! Now, you will take down the entire Disney equity and delist it as I said. When we renew Disney, Re-listing, then your interests will be maximized!"

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

  Kayla immediately stood up and said, “You don’t have to worry about capital matters! My shares in Metro Group are valued at approximately US$2.8 billion, and the mortgage is sufficient to deal with this acquisition!”

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

  Kayla basically used half of her net worth as collateral for her eldest son!

  However, both Kayla and Wu Xianlei understand that with Wu Guangyao, these shares cannot be taken as their own by the bank.

  Wu Xianlei’s newlywed wife, Kelly, was listening, and wanted to contribute to her husband;

   So he said, "Maybe my father can help!"

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

  Wu Xianlei nodded, it should be!

  Acquisition of the behemoth Disney is naturally not an easy task;

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

  The ‘Guangyao Family Office’ can naturally help. In addition, Kayla found a few people for her son, as well as people whom Wu Xianlei trusted, and finally formed a 20-person acquisition team.

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

  Wu Guangyao did not participate in this acquisition. Kayla and Wu Xianlei were the two main players.

  After the acquisition team was formed, Kayla took his son Wu Xianlei to an appointment with Citibank President Rams.

  Metro Group has grown to be a behemoth today, and naturally has cooperation with European and American consortia;

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

   "Ms. Kayla, Mr. Kayla, I am glad to meet you!" Rams did not dare to look down upon Kayla's mother and her son. One is the king of retail and the other is the king of media.

  After greeting, Kayla showed her side as a strong woman, and said cleanly: "Mr. Rams, I want to use my shares in Metro Group as a mortgage to loan 1.2 billion dollars from your bank!"

  Great!

  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, Rams stabilized his mood;

  Citi 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 very growing. Therefore, a large number of banks are willing to lend to the bosses of these two companies.

  Others choose Citibank because of trust, and you can’t behave too badly!

  Rahms asked tentatively: "Ms. Kayla, can I know the purpose of this fund?"

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

  Wu Xianlei knows that her mother is broadening her contacts, and Citigroup is undoubtedly a good choice!

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

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

  "President Rams, Star Media intends to acquire The Walt Disney Company!"

   "Disney?"

  Rahms is a little gaffe again. After all, the acquisition of Disney, from a young man in his twenties, still gives people the illusion that this is a joke.

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

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

  That is the hegemon in many world fields, such as "World Ship King", "Electrical King", "Zipper King" and so on.

  It’s not easy for the young man in front of him. The new American media tycoon has just married a senator’s daughter.

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

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

  Rahms suddenly turned out to be a new world-class "player" in the investment banking industry.

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

  With this feat, Goldman Sachs became a world-class ‘player’ on Wall Street in one fell swoop.

  And Kayla only loaned 1.2 billion U.S. dollars to 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 partners;

  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 completely different policy and refuses to provide services to hostile bidders;

  On the contrary, Goldman Sachs will protect the victims. Many competitors in the same industry believe that Goldman Sachs’ actions are hypocritical, with the purpose of attracting attention and win the hearts of the people, while Goldman Sachs believes that they are the company responsible for the long-term interests of itself and its customers;

  The benefits of anti-malicious takeover business to the investment banking department of Goldman Sachs are incalculable.

  When Keira and Wu Xianlei came to the door, the first idea of ​​Goldman Sachs President Weinberg was to refuse;

  However, after getting advice from Wu Guangyao, Wu Xianlei first said: "Disney is not a non-buy product of Star Media, this is a goodwill acquisition!"

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

  Otherwise, Wu Xianlei has two disadvantages:

  First, the U.S. Takeover Committee will not pass, after all, Disney is a cultural symbol of the United States;

  Secondly, Wu Xianlei’s identity is easy to be grasped by others; although Wu Xianlei looks like a seven-fold European and American race, and his nationality is also American, his identity behind him is not a confidential secret, and anyone who wants to find it will know it.

  Weinberg heard the well-intentioned acquisition and immediately retracted his words;

  The reason for wanting to refuse is because Goldman Sachs relies on the banner of ‘anti-malicious takeover’ to manage its own reputation;

  Now if you help others to make a hostile takeover, wouldn’t it fall short and let your peers see jokes?

   However, now that the other party said it was a bona fide acquisition, if Weinberg was hypocritical, it would be hard to get along with the money;

  Such a large acquisition, if it succeeds, it will be enough to make a profit for one year!

Weinberg said: "Happy to help! Both of you should also know that if it is a hostile acquisition, we are also worried about the culture of our company, so please forgive me! However, since the two want to buy Disney in good faith, then we Goldman Sachs will do everything possible to help."

  Wu Xianlei smiled and said: "This is natural. It is because of Goldman Sachs's style that we decided to come to our door to cooperate! It just so happens that I also believe in goodwill acquisitions, and hostile acquisitions are like cutting people's wealth, which is a great sin!"

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

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

  Roy Disney’s son, Walt Disney’s son-in-law, are only the top management of the company;

  Then the faction of the Disney family will naturally fight against the management faction formed by outsiders;

  As far as Wu Guangyao knows, Walt Disney’s nephew and Roy Disney’s son, Roy E. 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 in!

  Especially in the factions of the Disney family, when they are in a weak position, it is a godsend.

  In fact, Wu Guangyao can make a general acquisition plan;

  But the role of Goldman Sachs is that it is a communicative role;

  Communicate one by one with the management, the Disney family, the U.S. government, labor unions, shareholders, and even employees, and try to get the consent of most people, and basically you can announce the success of the acquisition!

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

  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 if you don’t see the coffin (the performance continues to decline).

In November 1975, Star Media of the United States formally issued an announcement to acquire Disney; based on the market value of US$920 million on the previous trading day, Star Media’s offer was US$1.104 billion, a 20% premium, and it assumed all Disney’s debts. .

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

  For a time, it was like throwing a bomb in the United States!

  Star Media’s reputation is far less than Disney’s, and people have begun to inquire about the details of Star Media;

  The owner of the American "Washington Star" and "New York Post", and the owner of the British "Sun" and "The Times";

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

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

  Although Wu Guangyao did not participate in the acquisition, he started to make plans for the development of Disney;

  First of all, write out the outlines of the animations "The Lion King", "Pocahontas", "Beauty and the Beast" that originally belonged to Disney, and let them appear in advance;

  Secondly, the acquisition of Marvel is a must. This is a huge vault!

  (End of this chapter)