American Fortune Life

"nbc universal! I'm interested!"

Hearing Andy's words on the phone, Buffett, who was frowning and unhappy, couldn't help but heaved a sigh of relief, his brows stretched, and he smiled. It's not difficult for him to match up. Sure enough, he is a smart, sensible young man.

"Haha, you guy, it seems that you have a lot of obsession with the media empire, but nbc universal is not cheap, even in the current economic situation, at least more than 20 billion US dollars, can you eat it? ?”

Hearing Warren Buffett's teasing laughter, Andy couldn't help raising his eyebrows and said, "Even if I can eat it, do you think GM will really sell all of NBCUniversal to me?"

"No, that is their mouthpiece of public opinion. Even if they agree to a deal, it will be a conditional deal, and they will cling to the shares and board seats."

Andy has long been mentally prepared for Warren's judgment, but if he wants to quickly build a media empire of sufficient scale, he can only do it through capital operations. Although AMC TV has a strong rise, there is really no way to compete with NBC, ABC, Compared with cbs, the three major broadcasting and television networks, don't even think about surpassing it.

The news that Warren brought this time undoubtedly made him see an opportunity that he could take advantage of. If it works properly, it may not be impossible to realize his dream of a media empire.

"I'm doing my favor. I think Jeffrey Immet, the CEO of GM who is facing a difficult situation, would be very willing to get to know you, an outstanding talent. So when you come back to New York, I can make an appointment to play golf together. , now it's autumn season, you won't use the reason of too hot weather to refuse, will you?"

"Hehe, of course, and besides, my current ball skills have really improved a lot. Playing ball is my best sport!" Andy raised his eyebrows slightly, with a smirk at the corner of his mouth, and said with a pun.

It's a pity that there is no difference between what he said and what he said to the deaf. The old hooligan didn't recognize Andy's pun. It's perfect communication.

After hanging up the phone, Andy took out his mobile phone and quickly sent a text message to Al in New York, asking the think tank to quickly sort out the details of General Electric. He definitely heard the news about NBCUniversal. I thought of it temporarily, although this disrupted his already prepared acquisition plan, but the opportunity is fleeting and must not be let go.

If he really can enter nbc universal, then the acquisition of amc theaters will be dispensable. At this moment, Andy's ambition is inflated again, and his eyes are shining brightly.

Half an hour later, Andy turned on the video connection and started a video conference, listening to his subordinates report to him all the information collected by General Electric in their hands, as well as their analysis and judgment.

"...Unlike banks, GE Finance itself has limited deposit absorption, and is currently in a very difficult situation.

The high leverage that ge finance had been using before was supported by its high performance at that time. However, now, the profit of financial business has declined, and ge has temporarily fallen into a state of operating tension, which has caused market panic and a sharp drop in stock prices, and capital operation is in trouble.

Coupled with the recent strengthening of the government's supervision of "non-banking systemically important financial institutions", GE Finance is therefore unable to conduct various high-leverage financial operations, which has become a heavy burden on the parent company.

The company's credit guarantee rating was lowered, leading to higher financing costs and further shrinking of profits. The loopholes and risks exposed by ge finance have made investors put more pressure on ge to return to specialization and reduce finance.

It can be said that the current General Electric CEO Jeff Immelt has slowly lost the trust of the board of directors, and continues to use external forces and good news to consolidate his position. "

Listening to the think tank's analysis, Andy rubbed his chin, pondered for a while and said, "However, General Electric once had a market value of more than 600 billion. Are they really so short of money? Or do they just want to use this financing to boost their fortunes?" share price,

Dispel investor panic? "

"Boss, they don't even have a market value of 300 billion. It is precisely because of their large size that they are even more short of money. Once the capital chain breaks, they may collapse instantly. This is not alarmist."

Alvetrie explained the doubts in his heart to Andy with a serious face, and continued to show the data to prove it.

"As of July 17 this year, General Electric's second-quarter financial report showed that the company's net profit for the quarter was US$26.7 billion, far lower than the US$50.7 billion in the same period last year. The company's revenue also fell from last year's US$468.4 billion to $390.8 billion.

Based on all the data we analyzed, last year $33 billion of the company's $45 billion in total pre-tax income was used to keep the business afloat, and the remaining $12 billion could not even pay off the interest accrued on its $43 billion in debt.

As of July this year, GE's net tangible assets were only $17 billion, but its debt-to-equity ratio was as high as 3,000% -- it had more than $500 billion in debt. This means that once the underlying value of the asset drops by 33%, its entire tangible equity will be zero!

So, GE had to find more sources of funding. With the capital market unwilling to lend a helping hand, its only way out may be to increase income and reduce expenditure and sell assets.

Since the first quarter of this year, after the news that General Electric is about to sell or spin off its home appliance business, many Wall Street analysts have been urging General Electric CEO Jeff Immelt to divest NBC Universal and Consumer Electronics. Two financial businesses.

Because the former is the main reason for the shrinking of GE's profits, while the latter is inconsistent with the development strategy of GE's parent company focusing on the industry, finance and health care industries.

According to my guess, Jeff Immelt is likely to have accepted the above suggestions. Even if they get assistance from outside forces this time, GE should start preparing to increase income and reduce expenditure and sell mismatched assets. "

Andy's eyes lit up slightly, and then he looked at the members of the think tank in the video window. After focusing on Al's face, he said with a serious expression: "If I propose to acquire nbc universal now, Jeff Immelt may be happy. See what happens, right?"

Al's expression froze slightly, and the members of the think tank in the conference room also looked at each other in blank dismay. They were a little speechless for the sudden arrival of **oss. Although the funds were sufficient, they could annex NBC Universal in one fell swoop, but the previous preparations What about the acquisition plan?

But after all, they are only part-time workers, **oss can naturally change their goals, what they do is to serve **oss, several data analysts from the think tank immediately got together and began to sort out the data of nbc universal.

Al, on the other hand, frowned slightly and pondered for a while, before asking, "Boss, do you want to acquire a wholly-owned subsidiary or just want to control NBCUniversal?"

"General Electric may not agree to a wholly-owned acquisition, and I don't plan to spend too much cash on NBC Universal, as long as I become the largest shareholder and control NBC Universal, then..."

Although Andy didn't complete what he said, Al, who knew his boss was pissing, naturally knew what the boss didn't finish, and slowly ate it away? Al pondered for a while and said, "Then we can discount AMC TV, Summit Entertainment, and Weinstein Films plus cash to complete the absolute holding of nbc universal, but in this way, we will inevitably be suppressed during the negotiation." , if you add the Marvel Group..."

"That's definitely not possible. I won't lose sight of the other. I won't use the Marvel Group to make a deal!" Andy directly rejected Al's proposal to Marvel without even blinking his eyes.

"Hulu video, I think this is definitely a huge attraction for nbc universal, so that we can have some advantages in the negotiation. Of course, if this matter is to be successful, the most critical person is Jeff Immelt, CEO of General Electric."

Hearing Al's analysis, Andy couldn't help but nodded slightly, and then smiled confidently: "Don't worry, even if the acquisition fails, I will make a fortune first from General Electric this time!"

"Boss, do you want to invest in the preferred shares of General Electric?" Al asked with a slight frown, which was not like his own boss's thinking.

"Hehe, how is it possible? I don't have so much patience and time to wait for their performance to gradually improve. Wouldn't they still cash out $12 billion in common stock? Hehe, you say, if Warren Buffett, the stock god, and I This genius who is touted as the God of Wealth also bought shares in General Electric, do you think their stock price will skyrocket?"

Hearing **oss's plan, Al nodded with a smile on his face, and complained in his heart, this is his own boss!