My 1999
Chapter 559 The second option
"I feel it's the second one. If it's the first one, there's absolutely no need for Kirkoryan to go back on his word when he's about to sign the contract. This will not only greatly damage his credibility, but also directly cause the negotiation to break down. risks of.
Moreover, during the negotiation process, if he wants to raise the price, he will have more opportunities, so there is no need to be so extreme.
But in negotiations, anything can happen.
Maybe Kirk Kerkorian feels that this extreme negotiation method can better test our determination to acquire MGM? "
Xu Liang nodded, he recognized Lu Xiaobo's judgment.
But he prefers both possibilities.
It should be that other institutions joined MGM's acquisition, causing him to adopt extreme negotiation conditions.
Anyway, if you fail, there will be someone else to choose from.
If the next home is gone, he can come back to find him again.
Anyway, in business negotiations, interests are the main priority, and things like face are really worthless in the face of huge interests.
"You arrange it, I'm going to have a brief video conference with people from Goldman Sachs, Citigroup and Morgan."
"Okay, I'll contact you right away."
Lu Xiaobo left in a hurry.
"Is there really someone causing trouble, or..."
Thinking of all the possibilities, Xu Liang narrowed his eyes slightly.
Lu Xiaobo was very efficient, taking just ten minutes.
Goldman Sachs head Bern Calderon, Citigroup head Dimitri Coy, and JPMorgan Chase head Julio Winter have all appeared on the video.
After many speed increases, the current bandwidth can already transmit video, but the signal is not stable enough and is not enough to develop the video industry on a large scale.
However, Hongmeng Company applied for the highest bandwidth from ATT, so that it can obtain stable images.
"Good morning, you three."
"Good morning, Mr. Xu."...
After saying greetings, Xu Liang didn't hesitate.
"I heard from my partners that there was a problem with Hongmeng's acquisition of MGM?"
Julio Winter, who had short golden hair, said quickly.
"Mr. Xu, we are investigating this matter. We will give you a satisfactory explanation within three days at most."
Xu Liang nodded, "Gentlemen, I don't intend to rush you, but it has been almost two months since the contract was signed, and the MGM acquisition has never resulted in a result.
I'm tired of waiting.
Moreover, as the top three financial institutions in the United States, your performance is not worthy of your current status. I have reason to wonder if you are dealing with me? "
"Mr. Xu, please believe that when it comes to corporate mergers and acquisitions, Goldman Sachs, Citigroup and JPMorgan Chase are the most professional. The reason why the acquisition has not been completed for so long is mainly because we want to complete this acquisition at the lowest price and reduce your loss.
Otherwise, this acquisition would have ended a month ago. "
Dimitru Coy, who has high cheekbones, narrow eyes and a serious look, said quickly.
Xu Liang nodded slightly, "I also want to believe that you are professionals, but gentlemen, let me remind you again. It was stated in the investment agreement we signed.
If the acquisition cannot be completed within three months, I have the right not to pay the acquisition commission. "
The various terms of Hongmeng’s original investment agreement were very clear.
In addition to what Xu Liang mentioned, there is also the fact that if the final acquisition price exceeds US$5 billion, or the acquisition time exceeds half a year, Xu Liang gives up the acquisition and pays the merger and acquisition commission, but Hongmeng held by the three major financial institutions The shares are to be reclaimed.
Xu Liang's words made the three of them frown at the same time.
But a contract is a contract, and once you sign it, you must act in accordance with the contract.
Moreover, with Xu Liang's current status and connections, he cannot be manipulated at will.
"Mr. Xu, I have a proposal. In order to acquire MGM at a lower price and with higher efficiency, I propose that Hongmeng re-launch the acquisition of Vivendi Universal."
Xu Liang said calmly: "Mr. Calderon, your proposal is good. But NBC is backed by General Electric and has deep pockets. If it competes with Hongmeng, Vivendi Universal's price will not be 14.5 billion US dollars, or even 16 billion or 18 billion. Even $20 billion.
During the acquisition process of Vidywang Games, I have fully experienced the greed of the French.
I don't want to do it a second time. "
"Mr. Xu, you misunderstood me. I didn't ask you to actually acquire Vivendi Universal. I was just making a gesture to put more pressure on MGM to facilitate our subsequent acquisitions."
"I understand what you mean. But Kirk Kerkorian is a shrewd businessman with deep connections in the American business world and Hollywood. If you want to make him feel the pressure, just making gestures is not enough. Only by actually launching an acquisition can he Implement your plan.
But in this case, I will pay additional funds to cover your agency fees and various expenses. "
Every complex acquisition requires a large number of lawyers, actuaries and other staff, and their salaries are a huge expense.
In addition, various information must be collected, and various documents printed and copied.
Especially for large-scale acquisitions involving billions or even tens of billions of dollars, the miscellaneous expenses add up to tens of millions of dollars.
If you include intermediary fees, bank financing, etc.
That's hundreds of millions of dollars in spending.
Of course, if it is just a gesture, you may not need so much, but labor in the United States is too expensive. Top business lawyers charge tens of thousands or even tens of thousands of dollars an hour.
Without the expenditure of tens of millions of dollars, no fake show can be staged.
"Mr. Xu, this is the current acquisition of MGM..."
Xu Liang interrupted Bern Calderon.
"Mr. Calderon, now I want to know even more what caused Kirk Kerkorian to change his mind?"
"We are still investigating..."
"Then please investigate first. We don't even know who the enemy is now? It's a complete waste of time to discuss the next solution."
Xu Liang said unceremoniously.
Don't be too talkative, otherwise people will think you are weak and easy to bully.
The three fell silent. Xu Liang's words were sharper than they originally expected.
"Okay, that's all I have to say. Gentlemen, I'll give you three days. I want to know the reason after three days, okay?"
"We will come up with results that satisfy Mr. Xu as soon as possible."
Bern Calderon said solemnly.
The remaining two people nodded in agreement.
"It seems we have reached an agreement, so today's meeting will end here."
After saying 'goodbye', Xu Liang closed the video.
"Mr. Xu, if MGM's asking price is too high, Vivendi Universal is also a better choice." Lu Xiaobo said with a smile.
Glancing at him, Xu Liang smiled and nodded.
"You go ahead and do your work. I'll think about it first."
"OK."
Looking at his back as he turned away, Xu Liang narrowed his eyes slightly.
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