Back To 1995: Chapter 742 the dust settles
Fame and fortune are good things, which can make people get countless coveted things, such as wealth, fame, power, etc., but it may also become a reminder!
Song Yang didn't plan to earn fame and fortune with Immelt. The sky was falling, and he was standing tall. If he wanted to gain fame and fortune, he had to be prepared to be crushed to death by fame and fortune. thing.
"certainly!"
Song Yang also took advantage of the situation and said, "ICQ has also made preparations. The management, personnel, and finance of ICQ and America Telecom have been integrated."
The merger of ICQ and America Telecom is the first step. Now this step has been completed. Naturally, it is necessary to prepare for the next thing. After ICQ acquired America Telecom, the market value reached expectations, and it was able to cooperate with NBC Group and Comcast. Continue with subsequent mergers and acquisitions.
But at this time, it was also time to meet him. Immelt came to San Jose ahead of schedule today, just to discuss this with Song Yang in advance.
The big merger has been agreed by Song Yang, Immelt, and the Roberts family who are in charge of Comcast. This will not change, and the arrow has to be sent.
But in a major merger, who should be the main player, what is the merger price, and who will be in charge of the merged company after the major merger is completed, there are a lot of things to say here.
The scenery of the Bruno Family Club is really good, but Immelt didn't appreciate it much.
Immelt knew that this matter was not so easy to talk about. He wouldn't really think that with just a few words, Song Yang would be able to let go of the idea of controlling this giant company, which would be a bit too silly.
"Song, I hope that after the merger, GE can become a major shareholder of ICQ!"
Immelt said unabashedly as soon as he came up, according to the current hot Internet market, after the merger is completed, the ICQ brand should still be used. Although NBC and Comcast are also old brands, they are highly recognizable. , But in Wall Street and the investment industry, it is far less popular than the ICQ brand!
Now the Internet industry recognizes the brand of ICQ. In the new ranking of "Top 500 World Brands" launched by the World Brand Lab, the young ICQ has entered the ranks of the top 50 brands. worth more than ten billion dollars.
In this regard, even if NBC Group and Comcast are far inferior, the major merger should of course be based on ICQ.
Without waiting for Song Yang to speak, Immelt directly said the "reason", "I need to make General Electric the major shareholder of ICQ after the merger is completed, this must be done!"
Imelt said earnestly that the reason why he actively promoted this big merger was to make GE a major shareholder of ICQ. Otherwise, how could he explain to the GE board of directors?
Song Yang had a "distressed" look on his face, and it seemed that he was not very "willing".
Instead of rejecting Immelt, he involved the other party, "President Immelt, even though I and ICQ's board of directors, management, and investors are willing to give up the position of major shareholders, Comcast Group and the The Roberts family may not be willing to make concessions..."
Song Yang's attitude is very clear, even if he doesn't fight with Immelt, the Roberts family may not be willing to hand over the status of ICQ's major shareholder.
The young owner of the Comcast Group is also eagerly waiting to prove that he is not a second generation who is waiting to die, but wants to lead the Comcast Group and the Roberts family to new heights. This ambition is no better than Immel. How much difference...
"Brian Roberts side, let me solve it, now is our problem, Song, I need your support, GE becomes the major shareholder of ICQ!"
Immelt said with a big wave of his hand, looking confident, he seemed to have absolute certainty, and it was like getting Brian Roberts.
Song Yang didn't know what Immelt could do, but he couldn't do anything without exchanging interests, promising to give Comcast some support after he became the head of General Electric.
The atmosphere became dull for a while, Song Yang "fallen" into contemplation, and it seemed that the choice was very difficult.
Immelt was not surprised by this. He felt that at Song Yang's age, it would be a ghost if he was not moved by the position of the head of a giant with a market value of 200 to 300 billion US dollars.
But for a while, Song Yang was just dealing with the tea in front of him, which made Immelt feel a little anxious. The closer he was to the Iron Throne, the more difficult it would be to calm down. Immelt's mind followed suit. Temper, in the past, he was absolutely able to keep his temper, and he was able to climb to the current position, and his office palace fighting skills were also full, but today, he has always been difficult to calm down.
"Song, I know that letting go is more difficult than getting it, but believe me, letting go now will be rewarded tenfold and a hundredfold in the future.
With your current age, in the future, you may not only be the major shareholder of ICQ, but even the position of the head of General Electric may not be impossible..."
Immelt had a tone of "the future is yours", and drew a pie to Song Yang, drawing all the pie of the head of General Electric to Song Yang.
Song Yang glanced at Immelt, and felt that Immelt was also full of bad water, but anyone who said this would definitely have no good intentions.
With a sigh, Song Yang "helplessly" stretched out his hand, and seemed to lean back on the chair helplessly. Seeing this scene, Immelt was overjoyed, feeling that Song Yang was still too young, but hurry up. He put forward a number of conditions and wanted to appease Song Yang.
"General Electric will complete an equity exchange with ICQ with NBC equity, and at least 20% of ICQ's equity will be obtained, but Song You and the current ICQ board of directors can still retain their current seats.
In addition, General Electric will pay you and the ICQ board of directors $7.2 billion in cash! "
ICQ's market value is now as high as 130 billion US dollars. Taking the equity of NBC Group and taking equity stakes with ICQ, it can be said that in the past, NBC's market value is definitely more than 26 billion US dollars.
But still the same sentence, if NBC is willing to change, Song Yang must be willing to give up his position as a major shareholder. Comcast Group should not compete with General Electric. Otherwise, even if the market value of NBC doubles, it may not be able to change. 20% stake in ICQ!
This requires Immelt to come up with more conditions. As long as he can get the identity of the major shareholder, Immelt is willing to temporarily cede the board of directors of ICQ to Song Yang and Comcast. Even after the merger of ICQ, on the board of directors, Song Yang is still the main party, and GE temporarily gave up the idea of taking over ICQ completely.
In order to gain the status of major shareholders of ICQ, Immelt and General Electric must pay some price. There is nothing in the world that can be obtained with just one mouth.
But for Immelt, these are absolutely worth it. Using a sum of cash to exchange for the status of a major shareholder, even if the price paid may not be small, you must know that this is a family that may reach hundreds of billions of dollars. The giant, in order to get it, how much price can not be paid?
Song Yang looked at Immelt with a "decisive" look on his face, gritted his teeth and said, "North America Global Investment Foundation, can transfer part of the ICQ equity to GE, but GE must pay cash to repay!"
Hearing this, Immelt had an expression of "meat pain" on his face, but he couldn't help but feel excited. He felt that Song Yang was still too "young" after all. Cash for knives is indeed a good thing, but with the ICQ gold mine, how many US knives cannot be earned back?
reached out to Song Yang, Immelt said with a heavy face, "Deal!"
"I will apply to the General Electric Board of Directors to pay you Song in cash!"
A large sum of US dollars in cash, Immelt also needs the approval of the GE board to transfer, but Immelt feels that these are not problems, the GE board, as long as there is no brain cramp, will definitely be able to do the right thing choose.
Song Yang and Immelt shook hands, and they both looked at each other with a "suffering loss" expression, it seemed that no one was taking advantage of it. As for who wins, it is estimated that time will tell.
"Song, how can you agree to the old fox's condition?"
Brian Roberts who hurried to San Jose, the dust had already settled when he arrived, he couldn't help but said to Song Yang sadly.