American Fortune Life

"GE has bad intentions!"

In the conference room, Alwitt made a serious expression and drew conclusions with a slight frown.

"For leveraged buyouts, we only pay a small part of the money, and most of the remaining funds can come from bank mortgages, institutional loans and the issuance of junk bonds.

It is not difficult for the boss to use NBCUniversal's assets and future cash flow and income as guarantees and use them to service debt and interest to raise funds.

Although our acquisition is successful, NBC Universal has achieved the expected benefits, which will prevent you, the boss, from sharing the benefits brought about by the appreciation of the company's assets.

But boss, as long as you still have enough cash flow in your hands, you can deal with the unfavorable situation of all leveraged buyouts. At that time, we can conduct a comprehensive rectification of NBC Universal!

For leveraged buyouts, the greatest risk exists in unforeseen events such as financial crisis and economic recession, as well as policy adjustments, and so on. This can lead to difficulties with regular interest payments, technical defaults and even full-blown liquidations.

According to the impact of the current financial turmoil sweeping the world, as well as the operating conditions and liabilities of NBC Universal, the possible financial and operating risks will be very high, and there may be a risk of insolvency or even bankruptcy. very clear! "

"Hehe, so this is a big bait! Whether I use my own funds or a leveraged buyout, GE is the beneficiary, and I will either have cash flow drawn out or be burdened with high debts, making it difficult to make profits in the short term. .

Of course, Jeff Immelt may prefer to see NBC Universal continue to decline under the financial crisis, and eventually let me lose everything.

It's just that this kind of revenge is a bit childish.

However, it is a pity to disappoint him, so let's use a leveraged buyout and inform our allies, I believe they will be willing to lend me money, but the price of gold has risen again. "

Andy smiled disdainfully at General Electric's counterattack. He was not worried about being cheated at all. He knew very well that there were still four months before the financial crisis would end. In the next few years, the U.S. economy There will be a rebound, and at that time, these undervalued high-quality assets will usher in a crazy surge. After all, the dollar has been injected with too much water, and the water is too much.

"How much cash do you have now?"

"The 40 billion gold mortgages cost less than 3 billion US dollars. However, boss, your personal debt has reached 5.2 billion US dollars, and the total debt of all companies under your umbrella has exceeded 20 billion US dollars."

When Andy heard the figures reported by Al, the corners of his mouth twitched unnaturally. Although he knew that in order to develop, it was impossible not to raise debts, and some debts were of great benefit to each company, at least every year. Save a ton of tax.

However, just listening to these numbers is still stressful!

"It seems that the next plan to acquire Qualcomm will have to use London's funds!"

Andy shook his head helplessly and said with a smile, if the acquisition of NBC Universal is completed and 100% control is completed, the total liabilities of all his companies will properly exceed 30 billion US dollars. It seems that he is not only a super rich, but also a super negative man!

His own debt of US$5.2 billion is mainly due to the US$4.2 billion loan acquired from France's Vivendi for the 20% of NBC Universal's shares, as well as the loan from Bank of America for his personal credit in the initial layout of the subprime mortgage, and Loans for buying property and land in countries around the world.

But after the acquisition of NBC Universal, the 4.2 billion debt Andy will soon be passed on, and he doesn't want to really become a big loser.

"The key is that the integration work after the acquisition of NBC Universal will be somewhat troublesome, after all, the debt ratio is too high."

"Boss, it's actually very simple. After the acquisition, we will conduct a large-scale layoff to reduce costs. After the financial crisis is over, we can definitely reduce costs and increase profits by selling or shutting down some of the company's unprofitable businesses. space.

Then, in the name of NBCUniversal, he made a private loan from the boss,

Acquisition of AMC Television Station, Summit Entertainment, Weinstein Pictures, and HULU Video, complete the integration of the company, increase the valuation, and at the same time make the boss a creditor of the new company, so that you, the boss, can enjoy the new NBC Universal profit sharing.

And the boss, your personal cash flow will not be affected in the slightest! "

Hearing Al's suggestion, Andy couldn't help laughing and shaking his head, how could he forget to switch his left hand to his right hand!

"Where is the Yellowstone Club?"

Alvitlie opened a folder in front of him, handed it to Andy, and introduced: "The other party has killed 400 million US dollars and will not let go. The club members are optimistic about the boss becoming the new owner of the Yellowstone Club."

With a smile on his face, Andy looked at the various data on the document in his hand, and said with a smile: "The other party can't help it, hehe, after all, he owes a PIGU debt, 400 million is 400 million, it is already It’s a great advantage, sign the transaction contract in the name of Gaia Corporation. Then set up a management team to be responsible for the management and development of the Yellowstone Club.”

"Okay, boss." Alvitley nodded, then reached out and waved to the subordinates around him, took a few documents and handed them to Andy again.

Andy took it with a smile, took a quick look, picked up a brush and signed his name, and then handed these authorization documents back to Al.

"By the way, give Starbucks shares to Bardstone and they are responsible for the acquisition. Your next work will focus on Qualcomm. Inform the people at Bank of America and Goldman Sachs and ask them to send someone over tomorrow morning to study the acquisition of NBC. Let’s see if they want to lend us their own money, or take charge of financing and help sell junk bonds.”

Alvetrie closed the folder, nodded to express his understanding and asked, "Boss, 17 billion US dollars, how much do we borrow this time?"

"It's 12 billion US dollars. I can't make NBC Universal's liabilities really close to the total assets. I don't want my company to be at risk of insolvency." Andy made a decision with a smile.

"Understood."

. . . . . .

After the meeting, Andy did not go back to his office, but took the elevator downstairs and came to Liberty City Investment Company. Companies have moved in.

It was close to the end of get off work time, and the stock market had already stopped trading. In the office hall of the investment company, all the employees were relaxing, chatting, and laughing from time to time. When they saw Andy, the big BOSS, they all hurriedly stood up to greet them.

Andy nodded to everyone with a smile on his face, and walked towards Bardstone's office. The high-speed operation of Liberty City Investment Company can bring Andy huge profits every day, which is very rare under the financial turmoil. , It is not in vain that Andy left them 2 billion in funds.

"I will transfer you 1 billion US dollars from Gaia's account. You will divide into two teams to help me continue to acquire Starbucks shares. Thirty-two percent of the shares are still too small."

Andy sat opposite Bardstone and arranged with a smile.

"Well, the stock price of Starbucks has rebounded quite a bit. The market reacted violently to your boss, so it is necessary to suspend the acquisition. It is best to be the boss. You can join the board of directors as soon as possible and end market expectations. Only in this way can the stock price fall. "

"Get over Thanksgiving, okay, that's it, I won't bother you from get off work, happy Thanksgiving."

"Happy Thanksgiving Day."