Chapter 647

Richard's support is not surprising. Martin is an expert at buying and selling, but he is quite impatient to run an industry.

Taking off the crown pearl like Time Warner, he just collected it without making it glow. Standing still means retrogression, which is not in the interests of their shareholders, but he has the most equity, and no one can compete with him. Maybe it would be a good choice for mark to take over.

Barry was also shocked. He asked, "will the Federal Trade Commission agree? When are you going to report to the CSRC?"

The change of more than 3.9% equity of listed companies must be reported to the CSRC. The Wang family is a media family. They first have mm and then enter Time Warner. They will become the largest media tosra in history. At present, federal laws will not allow such companies to appear.

David said bluntly: "we will register more than ten offshore companies to control this equity. It is a financially independent subsidiary of Wang family fund. It will bypass the provisions in the Pala family act. Richard and Barry, I want you to have a clear attitude."

Richard said, "will Mr. Davis stop trading because of our opposition? And my term of office expires next May. I have resigned from the board of directors."

Sophia said: "this is a critical moment. We hope to get the support of the management and ensure a smooth transition. After we successfully take over time warner, you will receive a check to your satisfaction."

Richard and Barry exchanged a wink. Money can make ghosts grind, and money is easy to do things. Richard said, "I have served time warner for 30 years. I hope he is stronger and better. What do you think of Barry?"

Mark said: "Barry and I have many years of experience in cooperation. He is a person with a strong view of the overall situation and outstanding ability. If conditions permit, I hope he will take over your position, which can ensure the interests of all of us."

Richard was very satisfied with this and said, "but the people on the board prefer Liszt."

Mark said: "we trust Barry, which is very important."

"Thank you very much! I won't disappoint you." Barry sighed. When he first met the young man, he was the object of the other party's expectation. Now the other party is the object of his expectation, which can be said to be his boss.

Barry has a stake in Time Warner, which can also be called one of the shareholders, but compared with mark, he is not enough. In front of mark, he can only be regarded as a wage earner.

Mark said: "I won't treat you badly. So far, those who cooperate with us have made a profit and made a fortune, and there is no record of pit allies. We will make time warner glow with new youth when we take over."

Barry said, "cheers!"

Everyone said in unison: "cheers!" only when the opinions are unified in this small circle can the later work be carried out. In all M & A operations, it is very important to obtain the support of the management, and often get twice the result with half the effort.

Therefore, mark and his company did not hesitate to pay a lot of money to buy and win over them to help them. Time Warner came through M & a halfway. Wang family fund may have so much money to buy it, but it can't find so many people to manage it and operate it. Time Warner has 130000 employees all over the world and is a real old multinational company.

Buying in Time Warner's management is the first step to successfully control it. Of course, 10% equity can't be controlled, but it's different after owning 30%. They will reach this number sooner or later, so they are deployed in advance now.

The advantage of their gradual increase in equity is that they do not have to apply to the Federal Trade Commission for filing at the beginning. This is not a large M & A case, but an internal and external equity change, which will not attract their fierce opposition at the beginning. When they really oppose, it is too late.

They will also lobby Congress and relevant departments to agree to their plans.

Now the first step is to formally apply to the CSRC for filing. If they are approved, they can sign a deal. This is a passing ceremony. At present, there is no sign that they have the ability to control Time Warner and become its owner, so there is no monopoly.

In addition, the Wang family fund has sent a professional public relations team to lobby and manage the power figures of relevant departments, and it will be passed soon.

At this time, Mark decided not to hide it, and he couldn't hide it. He invited the other three giants of mm and the eight heavenly kings to New York for the weekend, and informed them about it.

Egger and David were shocked. Egger said, "what, it's amazing that you want to invest in Time Warner. Is this repetitive work? And we are competitors, which will complicate our relationship."

"My plan is that we form a larger alliance, complement each other's advantages and seize more market share," Mark said

David (Ellison) exclaimed, "you're really rich again. How much money will it cost?"

Mark said: "we expect to spend 25 billion US dollars to eventually hold 30% of the equity of Time Warner and become the largest controlling party. Martin sold it to me at the market price. I have no reason to refuse?"

Edgar exclaimed, "market price? No strings attached or requirements?"

"That's why it's hard to refuse. It's an opportunity for all of us," Mark said

Egger said, "the amount of information is too large, and I need time to digest it." this is a big event for Time Warner, but not for mm, which means that in the future, mark will no longer focus on mm, but will also focus on Time Warner. This is even a big event affecting the pattern of Hollywood. Mark may become the first person to control the three giant companies, The pressure on other companies is visible.

Opponents will certainly apply for antitrust investigation, and even mm will formulate countermeasures for this.

Mm will not oppose this plan. With Megan's relationship with Donald, she will be a direct beneficiary, while David is Mark's little attendant and will never veto anything. Today's meeting is at the Ellison family manor. It is impossible that they have no wind in advance.

Egger and others no longer wanted to take a vacation. They immediately convened a meeting of the eight heavenly kings to discuss possible situations.

Mark is relieved to take a vacation. He is only a strategy maker, not a specific executor. Detailed things will be implemented and done.

They have set up a special committee composed of mark, David (Wang), Sophia, Richard and Barry to be responsible for the strategic campaign plan of the M & A.

Mark is responsible for the communication and contact with Davis fund. He has a great influence in this foundation. Many people in Davis fund regard him as the crown prince and flatter him very much.

David works in his foundation and law firm; Richard and Barry transferred a large number of capable people from time warner to form an acquisition team for their deployment. Their team even has its own big camp, which is the big manor in the upper east side borrowed from Ellison's family. There are all kinds of professionals and a large number of armed personnel. Mark and they deposit 200 million cash here, Is the public relations expenses for this M & A.

Public relations expenses are actually bribes. Money can make the devil push the mill, and more money can make the mill push the ghost. This green US dollar bill is a sharp tool for lobbying.

And at this moment, they have too much media resources. For many people, there are many places to cooperate. The key is to negotiate the price.

Looking at the mountains of dollars, Richard said in high spirits: "money is good for business." Richard has deep contacts in Washington. He was responsible for lobbying the government for the last American online merger and acquisition of Time Warner. It was a 350 billion super merger and acquisition, which made him use his money to fight a bloody way and successfully made Washington nod.

At present, even the acquisition of Time Warner by the Wang family is only about US $30 billion, but it is more monopolistic, keeping other competitors in the industry awake at night.

Both mm and time warner are the top giants in the media industry and one of the Six Mountains in the entertainment industry. They used to be the leaders in the industry. Now they have complementary advantages. It's not too much to say that they account for half of Hollywood. Such giants have not appeared in the history of Hollywood, which puts great pressure on other giants, whether peers or the government, Would not want such a behemoth.

Of course, they will not come openly, but manipulate several offshore companies to control this equity, but their peers and Washington are not stupid. They will try their best to prevent this transaction. When the Wang family fund reports to the CSRC, they will come forward to stop it.

There are three ways: first, persuade Time Warner not to sell it. This one can't be sold. The horse Davis is famous for his arrogance and disobedience.

Second, cut off each other's financing sources, which is a little difficult. They have the support of bank families. Who can cut off their financing channels?

Third, let the government refuse their deal, which is more common.

In those days, the era of online mergers and acquisitions of Warner, the United States, was the ghosts of the opponents, so that the Federal Trade Commission failed to pass their applications, and in addition to the scandal of accounting fraud, it was even worse to encounter the Internet technology bubble, so that a generation of young and powerful Keith could not smoothly control the board of directors, integrate the resources of the two big groups, and finally make a profit. Become the biggest tragedy in history.

"Persuading the FTC to nod is the key, but even if they agree, opponents can still monopolize the case. They won't win easily, but they can achieve the purpose of delaying us," Richard said

Mark said, "you must have a way, right?"

Richard said: "we should first strive for support at the legal level. After it is not a monopoly in law, it will be difficult for the people of the Federal Trade Commission and the antitrust bureau of the Ministry of justice to judge and delay."