Back To 1995: Chapter 844 booty
Chapter 844 Trophy
"For 34 billion US dollars, ICQ once again completed a shocking merger!"
"ICQ and Bronfman Group reached a merger, and Universal Pictures and Universal Music switched to ICQ!"
"The sword refers to the market value of 400 billion U.S. dollars. Wall Street analysts made a market value estimate of 400 billion U.S. dollars for ICQ."
"ICQ's stock price rose by 6% that day, and its market value exceeded US$380 billion!"
"On the first day Immelt took office, he completed two deals totaling nearly US$70 billion, demonstrating the strength of the world's number one professional manager."
The New York Times frantically called Immelt, acquired 9% of ICQ shares from Song Yang, and completed the acquisition of Bronfman Group. Two large acquisitions in one day, Immelt's ability to control the field, Appreciated by the New York Times, as soon as Immelt came up, he used two deals to tell the outside world why he became the new head of General Electric!
"Of course, we can't forget that those who made sacrifices for ICQ's big merger and acquisition, Mr. Bruno Song has retired to the third largest shareholder of ICQ, holding less than 10% of ICQ's equity.
We have no way of judging the decision made by the richest man, but history has repeatedly shown that the company that was sold at a high price at the beginning will regret it in the end, just like Paul Allen sold Microsoft stock at the beginning!
Edgar Bronfman Jr. may have made the most correct decision since he took over the Bronfman family. At the media conference, Edgar Bronfman Jr. declared that he would not be satisfied with being ICQ No. 1 Four major shareholders! "
The New York Times finally praised Song Yang's sacrifice to ICQ in "good faith", but no matter how you look at the report, it is somewhat ironic, thinking that Song Yang sold it prematurely for the "petty profit" in front of him. The equity of ICQ will definitely regret it in the future.
"The Wall Street Journal" is also quite appreciative of ICQ's acquisition of Bronfman Group, "America's first big deal after Christmas, the significance of the acquisition of Bronfman Group, there is no need to repeat it. The completion of this acquisition, It means that ICQ has truly become a giant company spanning the Internet, media, telecommunications, entertainment and many other industries!
Of course, everything needs to look at the performance of ICQ in the third quarter of this year before making a final conclusion, but Immelt is definitely an excellent strategic master! "
The report of the Wall Street Journal did not directly tout it, threatening to wait for the results to come out before drawing conclusions, but it is still very optimistic about the deal led by Immelt.
When the news of ICQ's acquisition of the Bronfman Group came out, major financial, financial, Internet, technology, entertainment and other media began to report overwhelmingly.
Compared to the past, this time, because of the involvement of Hollywood companies, the entertainment media in Los Angeles also joined the reporting camp, which made the news this time much bigger than the previous big merger!
Many tabloids in Los Angeles even joined the report. Universal Music is now the world's largest music group regardless of whether it is losing money or not. It owns a large number of top singers. Now these singers and artists follow Western Music Together, we changed the gate.
According to various media reports, the stock prices of ICQ and General Electric rose sharply, driving media and entertainment stocks, and today they all rose sharply.
In the hotel, little Edgar, who had just finished taking a bath, was holding a glass of wine, comfortably flipping through the newspapers delivered by his subordinates.
In the past, little Edgar would not read these newspapers. As long as there was news about him and the Bronfman family, nine out of ten it would be bad news.
But today is different. Most of the media are admiring little Edgar. He made a wise deal. He exchanged a 9% stake in ICQ for a 9% stake in ICQ with a declining Bronfman Group. a sum.
Especially when looking at the New York Times’ comments, little Edgar couldn’t help laughing when he saw the mocking comments on Song Yang’s yin and yang.
After taking a sip of wine, little Edgar snorted and was about to get up to attend the celebration dinner in the evening. Looking back at the photo of Song Yang in the newspaper, little Edgar smiled contemptuously, "It's just the beginning !"
After the merger was completed, ICQ’s stock price immediately rose sharply, and the value of the shares held by the Bronfman family also increased by more than one billion dollars, which proved that little Edgar was not cheated.
This also made little Edgar, who had been suppressed for several years, feel like he had let go of his shackles and burdens. He had been tricked before, but this time, he wanted to earn it all back!
The mobile phone placed next to him vibrated again. When little Edgar saw the old Bronfman on the caller ID, his excitement was instantly extinguished.
Little Edgar knew that Old Bronfman must be dissatisfied with his decision, and he had a lot to say to him, but now, little Edgar Bronfman didn't want to hear those **** principles, he had to wait until ICQ When the market value of the company exceeds 400 billion or even 500 billion US dollars, he will return to Canada in person to prove to old Bronfman who is the right one!
Hung up the phone, Edgar Bronfman Jr. is going to change clothes and attend the evening banquet. There are still several waves of media today who want to interview him.
Edgar Jr. has experienced the benefits of owning a media empire, that is, being able to whitewash himself. Immelt arranged for ICNC, NBC and other media to conduct an exclusive interview with Edgar Bronfman Jr., making people "re-examined". "Meet little Edgar.
After several more interviews like this, little Edgar might really be cleansed. What he did before can be reinterpreted and blamed on others. Little Edgar is still wise and powerful. Yes, it's just being deceived...
Welch, who retired at home, looked at the report in his hand, and saw that Immelt used all the cash flow in exchange for ICQ shares in Song Yang's hands, Welch frowned, and unconsciously touched the table On the phone, it turned out to be empty.
Welch realized that he was no longer in General Electric's headquarters office, but in his own garden.
After hesitating for a while, Welch finally sighed. He felt that Immelt's operation was a bit too risky. Welch knew how much cash flow there was in General Electric's account. After this wave, The cash flow is really going to be squandered. Without cash flow, the risk is very high. If there is a little storm, it may be bad luck.
Hearing his wife Susan calling him to go to church together, Welch finally put down the newspaper and went out with Susan, and then a gust of wind blew the newspaper to the ground.
Welch has already retired. If Immelt is still dictating at this time, even if Immelt can accept those suggestions, there will inevitably be rumors within GE, and even Welch is unwilling to really retire. Well, Welch didn't want those rumors to appear, and in the end there was internal strife in General Electric. Even if Welch was a little worried, he had no choice but to give up in the end.
Any giant company has factions, and General Electric is no exception. With Welch's retirement, his confidantes have gradually faded out of the management. Very dissatisfied, even the idea of a comeback, Welch's confidantes, as well as the old people in Welch's time, will definitely jump out and fight with Immelt. After all, who is willing to give up the rights in their hands?
Therefore, even though I was a little worried about Immelt's decision, and felt that it was too radical and risky, in the end Welch remained silent and let the matter of General Electric go. No more worrying about him...
Several companies under the Bronfman Group are also in turmoil at this time. Some executives of Universal Pictures and Universal Music still have a little knowledge of this merger. Knowing what's going on, I saw the headquarters issued an internal announcement, saying that the big benefactor has been changed, and from now on, they are an Internet technology company...
The staff at the Universal Music Headquarters saw that their boss, Doug Morris, the president of Universal Music, was in a hurry, and asked people to prepare a business plane to go to the new headquarters to meet the big benefactor.
"Damn it, that guy Ron Meyer has already gone to the banquet!"
Of course, Doug Morris had also heard the news of the merger, but he didn't expect the speed to be so fast, let alone that Ron Mayer, the guy who followed the wind, ran over so quickly, Xiang Da The benefactor is so courteous that he doesn't want any face. After all, he is also one of the big names in Hollywood. Doug Morris feels that his skin is still a bit thin. No wonder he was not as good as Ron Meyer in Little Edgar Hand mixed well.
"Eric, it's time for RICK Company to receive the spoils!"
The banquet held by General Electric was very grand. Song Yang looked at Edgar Bronfman Jr., who was surrounded by people and praised him, and raised his glass from afar. Eric from The Underwear Emperor of America, come over to Connecticut.
(end of this chapter)