Chapter 821: 825

Denise entertainment and metropolitan ABC Group both moved very quickly. Simon and Warren Buffet fixed the price on the afternoon of Saturday, June 17. The following Sunday, the two companies held a board meeting for several hours and passed the merger vote.

The main reason is that the control rights of the two companies are relatively concentrated.

On Denise Entertainment's side, Simon has absolute control over the company. In terms of Metro ABC Group, although Warren Buffett and Tom Murphy's control power is not as absolute as Simon's, they are almost the same over the years. The so-called board meeting is more of a formality.

The next day was June 19.

Monday.

As a hot topic destined to ignite public opinion, under the proposal of metropolitan ABC Group, the two sides decided to release the news through ABC network morning news program "Good Morning America". Good Morning America is broadcast from 7:00 to 9:00 in the morning. ABC has started a full 30 minute special report from 8:00.

Through live broadcast, the special report announced the general plan of Denise Entertainment's acquisition of metropolitan ABC Group.

Denise Entertainment Group will merge metropolitan ABC Group in the form of cash and stock. The transaction price of both sides is US $172 per share, equivalent to US $20.9 billion in market value. Meanwhile, Denise entertainment will also bear us $3 billion in debt of metropolitan ABC Group, with a total acquisition amount of about US $24 billion.

Moreover, according to the closing price of $73.75 at the close of danielis Entertainment Group on Friday, on the basis of the principle that each share of danielis entertainment plus $98.25 in cash is exchanged for a share of Metro ABC Group stock, the shareholders of Metro ABC Group are free to choose the payment form of getting more cash or stock.

For the specific exchange ratio, the shareholders of ABC Group can register and settle the merger after the merger is approved by the federal regulatory authorities.

After briefly introducing the general situation of the acquisition, Amy Pascal, CEO of danielis entertainment group, Robert egger, President of danielis entertainment in charge of TV business, Tom Murphy, chairman and CEO of metropolitan ABC Group, and Warren Buffett, major shareholder of metropolitan ABC Group, also visited the studio "Good Morning America" to elaborate in more detail the impact of the acquisition on the two companies As for the influence of the whole media industry, we also answered the phone calls from some Wall Street analysts on the spot.

Before the 30 minute special report was over, the sudden industrial earthquake had spread all over the United States.

In the past few months, with the lifting of the ban on media integration, the industry has realized that Denise entertainment has a great chance of acquiring a large TV network. However, according to various news circulating before, most people are optimistic that NBC or CBS will become the target of Denise entertainment.

In the northern suburb of Greenwich, Connecticut.

Within ten minutes of ABC News, Simon had already received three phone calls from all parties. Two were congratulations from Time Warner, Terry Semel and Michelle Lansing. The other was a call from CBS chairman, Larry Tisch, who was a little angry.

Irene Lauder dressed up and came to Simon's living room. She heard the man leaning on the sofa fight back with a certain impoliteness.

"Larry, if you're sincere, I didn't see that from you at the beginning. Don't tell me that the news about danielis's contact with CBS was an accidental leak. Everyone knows what happened."

It has just taken half an hour to dress up. Most of the time from last night to now, Irene Lauder has not talked about her work with men. Therefore, she still doesn't know that Denise entertainment has decided to buy ABC. She leans down beside Simon and turns on the special report "Good Morning America" on the TV. Only in this way can she finally understand what's going on What happened.

It's another big business with tens of billions of dollars.

If it goes on like this, it may be true that Simon westero will rule the United States, as some media play up.

However, because it was her own man, when she thought of this possibility, Irene Lauder just had more admiration and admiration in her heart. Women instinctively wanted her man to be stronger.

Simon and Larry Tisch played around for a second, then hung up quickly.

Irene Lauder was slapped at Simon with a light in her eyes. "It's amazing. When did you take ABC again?"

"I just made a deal with Buffett the day before yesterday."

Simon said, feeling Irene Lauder's good smell of women, reaching out to catch the girl's face, which is not beautiful but has more charm. Just as he was about to kiss her, his mobile phone rang again and answered immediately.

This is a call from Michael Eisner. It's also a congratulation.

Without letting go of the girl's face, Simon felt the warmth of his fingertips while talking with Eisner. A moment later, he simply reached out and hugged the girl in his arms. After chatting for a while, he hung up the phone. As soon as he lowered his head and kissed the lip of the girl in his arms, the phone rang again.The occasional little taste of men is also an important reason for the fall of Irene Lauder. She also enjoys the feeling.

When he was disturbed, he suddenly got angry. He opened his mouth and was about to bite. Simon had already laughed away, but he just filled a finger. Irene Lauder took hold of it and chewed it twice, then let him go.

At the end of another conversation with Jonathan Friedman, Simon pulls up Irene Lauder, who is still a little moody. "Let's go. It's time to go to work."

Irene Lauder stood up along with the man's strength. Her body was a little soft, and her tone was a little coquettish: "suddenly I don't want to go to work."

Simon was easy to talk and said with a smile, "no problem. Why don't you stay here for a day."

Irene Lauder took Simon's hand and said, "stay with me."

"No, I'm very busy today. But maybe you can come in the evening. "

What's the point of staying here without Simon? Irene Lauder had to take the man's arm and walk out together.

Just a few words later, Simon's cell phone has been ringing again.

On the phone, the two left the villa, the helicopter has been waiting on the manor lawn.

Helped by a man to board the helicopter, the two enter the cabin and sit down. Watching Simon's assistant and bodyguard follow in, Irene Lauder has lost her original guilty heart. Just last month, after a period of consideration, she took the initiative to terminate her engagement with her fiance.

I'm single now.

She is only 25 years old, since she really feels wrong, there is no need to aggrieve herself.

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As for the state of someone around her, no matter what, it's not her turn to take care of it. She doesn't expect to snatch this man from Janet westero. Maybe, after a few years of this relationship, she may meet another right person and forget him.

More than 40 kilometers from Greenwich to Manhattan, it took less than 15 minutes for the Black Hawk helicopter to take off and land, which was completely customized by Navy one. At about 8:30, the huge black hawk helicopter landed on the banks of the Hudson River, and some other helicopters on the surrounding apron were immediately set off like children's toys.

Even though she was born in a wealthy family, Irene Lauder could not help feeling a little vanity when she got off the Black Hawk helicopter refitted from the military UH-60. Last night, when I went to Greenwich by helicopter, I was curious to know that the cost of such a customized helicopter reached 35 million US dollars, which was equivalent to the price of Gulfstream V ultra long range business aircraft. Irene Lauder was a little surprised.

I've been in helicopters many times since I grew up. I probably know that those small helicopters, even if a little more expensive, only cost US $35 million. It's a waste of money. Someone even ordered four at a time. That's 140 million.

The Lauder family can't afford it anyway.

I can't afford to buy it.

At the end of April, Estee Lauder went public, and the Lauder family cashed out a total of 320 million US dollars, which is the largest sum of cash that the Lauder family has seen since the establishment of Estee Lauder. Moreover, due to the use of some tax avoidance means, it has also been attacked by a lot of media, and even targeted by the IRS and the Congress. If she didn't try to call him quietly, she would have been put on file Investigation.

The next day, I received a call from him, saying it was done.

The end result is nothing.

At that time, Irene Lauder didn't talk about it with her family. She buried it in her heart. Occasionally, she felt that she owed him a big favor, and then comforted herself. This is what someone should do. Who let him bully herself so much.

Simon is going to Denise entertainment east coast headquarters in Greenwich. Irene Lauder's destination is Estee Lauder in midtown.

They left the Hudson River for another journey. Simon got off at Greenwich and asked the driver to take Irene Lauder to Midtown.

Entering the office building that I bought a few years ago, many senior executives have been waiting in the conference room. Amy Pascal and Robert egger, who have just participated in the live TV broadcast, and several senior executives of Metro ABC, are also coming.

In the morning, we will discuss the specific schedule and related arrangements for the merger.

M & A cases are far from settled.

The biggest obstacle is the antitrust audit of the Federal Department of justice. Even if there are no twists and turns, it will take at least a month or two to complete.

Before submitting to the Ministry of justice for review, Denise still needs to conduct a more in-depth review on the assets and liabilities details and business operation of metropolitan ABC Group. Things are already being done before the acquisition, but before the acquisition is finalized, a lot of internal information of metropolitan ABC Group will not be opened to Denise entertainment.

In addition, we still need to work out the details of personnel appointment after the merger. Generally speaking, it is lucky that the merger can be completed before the autumn of September. It will take one or two years for the two companies to complete the specific merger, integration and structural adjustment, and finally achieve the synergy effect.Simon started his day's work in Greenwich Village. At 9:30 a.m., the US stock market had just opened, and the capital market made a direct response to the newly disclosed merger.

The share price of Metro ABC Group continued to rise throughout the trading day. At 4 p.m., the share price of the company had skyrocketed to 163.25 U.S. dollars from 145.125 U.S. dollars at the end of last Friday, up 12.5% in a single day.

Usually, in M & A cases, the stock price of the party initiating the M & A often falls after the news is published.

Denise entertainment broke the rules.

While the shares of metropolitan ABC Group soared, Denise Entertainment's shares rose from $73.75 on Friday to $76.25 on Monday, up 3.4% in a single day. Its market value reached a new high of $161.1 billion. For a large entertainment group with a market value of 100 billion, the seemingly modest rise in share price actually means that the market value of Denise Entertainment Group has increased by 4.9 billion US dollars in one day, which is more than twice the increase of metropolitan ABC Group's market value of 2.1 billion US dollars in one day.

Therefore, it can also be seen that the market is optimistic about the merger of the two companies.

Some people like nature, others worry.

In the whole TV industry, except for Metro ABC Group, the stock prices of other enterprises have been impacted to varying degrees on this trading day. CBS, which was so popular a while ago but was suddenly "abandoned", is undoubtedly the most unfortunate one.

Because of the leak of M & a news some time ago, the stock price of CBS group recently rose by more than 30%. By Friday, CBS had a market value of $8.7 billion.

However, with the news that danielis reached a merger and acquisition agreement with metropolitan ABC Group in the morning, on the same day, CBS group's share price plummeted by 17%, its market value fell back to US $7.2 billion, and CBS group's shareholders suffered a Book loss of US $1.5 billion a day.

That's why Larry Tisch, chairman and major shareholder of CBS group, was so angry when he called Simon in the morning.

In the 1980s, CBS experienced continuous splitting, sold assets such as Columbia Records, and did not develop its own cable TV business in these years. CBS is the smallest of the three old TV networks, and its main asset is only the pure CBS public TV network.

Now, the market value has evaporated $1.5 billion in one day, and this bad negative effect is even beyond Larry Tisch's expectation.

According to the 18% stake of the Tisch family in CBS group, it is also equivalent to a loss of $270 million of family wealth in one day.

How can let a person not be distressed?

With the stock price of CBS group plummeting, other shareholders of CBS group, who were suppressed by Larry Tisch in the past, also jumped out one after another, accusing them of serious mistakes in the merger and acquisition negotiations between CBS and Denise, and even began to ask Larry Tisch to step down.

In the afternoon, Larry Tisch publicly said that he would file a complaint with the U.S. Department of justice to stop the merger of Denise and metropolitan ABC on the ground that the merger of the two companies would cause serious industry monopoly.

Just after Larry Tisch's statement was published, danielis immediately took counter measures, threatening to withdraw projects such as "the story of the emergency room" that are cooperating with CBS. At the beginning, CBS regretted losing "Beverly's wife" because the price could not be negotiated, which made the wife series blossom outside the wall on the USA basic cable platform of danielis entertainment.

If we lose the ace "the story of the emergency room" which just emerged last year, CBS's advantage over ABC will be caught up with and even surpassed.

Although it is still hard to talk, CBS actually softens down immediately.

Simon didn't care much about the attitude of CBS. He was more worried about the collective rebound of American media industry.

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