American Fortune Life

"NBC Universal could be worth between $20 billion and $23 billion, including $5.1 billion in debt. To get NBC Universal, the purchase price might have to exceed its value by 30% to 40%, which means NBCUniversal's It could be worth more than $30 billion."

When it came to the most critical issue of funds for mergers and acquisitions, the expressions of everyone in the meeting room became serious, and Andy also pondered for a moment and asked, "What about Vivendi's attitude? The 20% of the shares in their hands are also Very crucial."

"Vivendi acquired a stake in NBC in 2004 at the cost of selling its media properties, such as Universal Pictures, to General Electric. Almost every November-December period, Vivendi informs General Electric that it intends to The sale of NBCUniversal's shares on the Internet. Vivendi's rights will continue until 2016."

Analyst Aspesi continued to his big boss: "I think Vivendi may not want to sell this part of the assets now, but more to put pressure on it, hoping to reverse General Electric's business within a few months. operating performance, and then sell it at a higher price."

"It seems that the breakthrough can only be placed on Jeff Immelt!" Andy frowned and tapped the meeting table with his fingers, looked at Alvetrie, and asked, "Where is our M\u0026A bargaining chip?"

"AMC TV is currently valued at about 4.7 billion, and as a bargaining chip for mergers and acquisitions, it can also have a premium of 30%-40%, which is conservatively estimated at about 6 billion US dollars.

The total valuation of Summit Entertainment is about 700 million US dollars. As for the Weinstein Company, the current valuation can be up to 200 million US dollars, and there is still 50 million US dollars in debt. After all, the most valuable film library has been divided.

The market valuation of HULU video is about 800 million US dollars, but its potential is huge. Since its inception, Hulu has had exclusive access to content from three of the four major US television networks. Hulu's total revenue is nearly 200 million US dollars, and there are about 2 million HuluPlus subscribers who pay to watch online content.

US satellite TV operators Dish, Amazon, Google and Yahoo have all expressed interest in acquiring Hulu, and the above-mentioned companies have submitted purchase price ranges between US$1 billion and US$1.5 billion. Among them, Google's acquisition offer is higher. "

Al reported the valuations of the three companies, which surprised everyone including Andy. The key point is that the development is too fast, but this is also understandable. If there is no shortage of money, the development and expansion The speed is indeed not to be underestimated.

AMC TV station alone has as many as 8 TV stations that rely on the annexation of News Corporation, not to mention the local TV stations in major cities that have been acquired before. There is no water at all to have a valuation of 4.7 billion US dollars, not to mention the launch of TV series and TV shows. Reality shows, whose ratings can even easily crush the TV content launched by NBC's latest season.

The most admirable thing is the huge base of 51 million subscribers of AMC TV station. This is a big piece of fat, and any TV station is jealous.

"At most, the sum is only more than 8 billion US dollars. It seems that no matter what, cash must be spent, but it doesn't matter. As long as the acquisition of NBC Universal is completed, all of this will be worth it. My media kingdom... "

Andy sat upright, looking around with burning eyes, slowly clenched his fists, his voice was a little low, but the firmness and ambition revealed made everyone present clearly feel his boss's determination to win.

"boom--"

"Good shot!" Wearing a cap, Warren Buffett couldn't help admiring as he watched the beautifully curved golf ball land near the white flagpole in the distance, "It seems that your golf skills have indeed improved a lot. "

"Speaking of sports, to be honest, there are no sports that can bother me. The key is whether I am interested or not." Andy said calmly with the corners of his mouth upturned, with a strong taste of pretending to be 13.

Warren Buffett couldn't help shaking his head and laughing,

Instead of entanglement in this matter, he handed the cue to the caddy behind him, said thank you, and took off the glove on his right hand while saying: "General Electric has basically agreed to my conditions. It was a surprise to me, but it was also expected. Moreover, Jeff was looking forward to meeting you. Originally, he was going to come with me, but before he left, he received a video conference notice from the Ministry of Finance. Sorry to come back later."

Andy didn't have any doubts about this. Jeff Immelt, who was in a state of desperation, would never treat him slowly, and he didn't take it seriously. Instead, he smiled and said to Warren Buffett: "It seems that GM has made The compromise made you very happy and satisfied, and with your personality, it must be the condition for making a steady profit without losing money, it seems that a good reputation and influence can really be turned into real money!"

"Hehe, this is not just a matter of reputation, I also invested 3 billion US dollars..."

Hearing Warren's rebuttal, Andy raised his eyebrows and jokingly said: "Come on, Warren, GE may really be short of money, but if they really want to get money, it's not difficult."

Andy didn't say it too bluntly, but for the old man who picked up a puff of PIGU and was proud of the speculative opportunity to make a profit without losing money, he naturally understood what Andy meant. They all knew very well that the current The most serious problem is fragile market confidence, and the most important thing for General Electric to start financing is to dispel people's concerns about its financial health.

"Except for NBC Universal, don't you want to join in? You know, this kind of opportunity doesn't come every year. Whether it's interest or preferred stock, it's a huge profit." Warren and Andy sat on the The electric car drives to the next golf area.

"I'm not as rich as you. My money has a place to go. Short-term investment is okay, but it takes three or four years to get a profit. I don't have that patience. Hey, I don't have enough money to be confident!" Andy Helplessly shaking his head and shrugging his shoulders, he pretended to be powerless.

"Ahem, you brat, you really are..." Buffett coughed lightly, shaking his head dumbfounded. No one on Wall Street knew that the little guy in front of him had shot consecutively some time ago, almost brutally attacking Lehman, MG Stanley, Citigroup, AIG, and even Goldman Sachs carried out a looting-style short-selling, almost eating enough to feed this little bastard, and even pretending to have no money, it really makes people want to go up and give him a few slaps.

"By the way, the stock price of Berkshire Hathaway has also fallen quite sharply recently, 14%. Tsk tsk, if you don't know that you have sufficient funds, you can say no..." Andy raised his eyebrows and smiled badly. , as if I am also very interested in shorting your company.

Warren is not worried about this at all. Just like what Andy said, he has enough reserves in his hand, which can make all the short-sellers who dare to short his company liquidate their positions and lose their money.

"Welcome to go short!" Warren said lightly, his tone and expression showed calmness and domineering sideways.

Andy just smiled noncommittally. Although he has the opportunity to give the old man in front of him a knife, the benefit is not proportional to the effort, and there may be another old Jian's cunning enemy. The gain outweighs the loss, he will not do it.

After Andy and Warren played golf for about half an hour, Jeff Immelt, with a head of silver-white hair, came late with a sincere apology, and first expressed his sincerity to Warren and Andy. Sorry, the three of them exchanged pleasantries for about ten minutes, which made the meeting normal.

"Andy, if you also want to invest, we can give you the same conditions as Warren, I can guarantee this."

When it comes to investment, Jeff Immelt directly revealed his trump card, without going around the corner. For him who is currently besieged on all sides, being able to pull the God of Stocks and the God of Wealth into this financing plan will definitely solve the problem easily. General Electric's troubles.

"Thank you." Andy was a little surprised. He first thanked the other party for his kindness, then shook his head and said with a slightly embarrassed smile: "Although I really want to participate, but I have other plans in progress, and I don't have much cash. And it continues to turn around, forget about preferred shares, let's go for common shares, I subscribed for $3 billion in common shares, hope this can help you, my friend!"

Hearing Andy's shameless words, Warren Buffett's smiling face remained unchanged, only the corners of his mouth twitched slightly unnaturally. Perhaps what he wanted most at this moment was to find a place to vomit for a while, and seeing Jeff The deputy was very happy, and shook hands with Andy a little excitedly to thank him. He felt the urge to vomit again, and then he said with a smile: "Since we are friends, you don't have to be so polite, let's chat while playing. "