My Age of Investment

“Damn, this son of a bitch spread the news about Vision Capital’s acquisition of Marvel everywhere.

Now the entire Hollywood companies, including Disney, Fox, Sony, Universal, and Paramount, are all joining in the fun.

Even Warner has expressed interest in merging DC and Marvel! "

Abel kept pacing in Xia Jingxing's office and kept swearing, greeting all eighteen generations of Pamut's ancestors.

He suddenly raised his head and said solemnly: "Darren, I suggest you withdraw from this deal immediately, and you can't let that Jew's scheme succeed.

The offer of US$3.2 billion is already considered a premium acquisition.

The greedy vampire was not satisfied yet and wanted to force us to raise our acquisition bid by introducing more competitors.

The six major Hollywood companies have all expressed interest in acquiring Marvel this time, which is very abnormal!

If they were really interested, why are they delaying until today? Marvel should have been brought under their control last century.

If I guess correctly, they want to join forces to bully us, the outsiders who have intruded into their territory. "

Xia Jingxing picked up the teacup on the table and gently blew the hot tea, "Good analysis! It makes sense! But should we back down in the face of this difficulty? How can there be a smooth acquisition war in this world?"

Abel said angrily: "The key is that it's not worth it! "Iron Man" hasn't been released yet. Who knows whether their comic book adaptation plan will be successful."

After taking a sip of tea and gently putting down the cup, Xia Jingxing raised his head and said, "Once the movie is released, it will probably be a different story."

"Darren, are you very optimistic about Marvel's movie plans?"

Xia Jingxing said angrily: "You are not talking nonsense, otherwise what would I do if I bought it? To sell toys or comics?"

Abel calmed down and gradually regained his composure, "If we continue to acquire Marvel, we can't be led by the nose like this."

"Then what good idea do you have?"

"At least we have to express our attitude!"

…

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"Mr. Parmut, Mr. Fitch, the three-day period we agreed on has come. It's time for you to answer us. Today I have brought the legal and financial teams."

In the Marvel office, Abel looked at the Marvel executives sitting opposite with a smile.

Pamut said with a smile: "Mr. Abel, why didn't Darren come?"

"Darren has gone to Silicon Valley because of his busy official duties. He has given me full authority to take charge of this matter. Mr. Parmut, just give me your answer."

Pamut looked at Abel and asked with a questioning tone: "Can you represent Vision Capital?"

Abel nodded slightly, "Yes."

Parmut nodded, then sighed: "Your offer of US$3.2 billion is too low, and we cannot convince the board of directors to agree to the transaction."

Abel suppressed his smile and said lightly: "So, this is your final answer?"

Pamut smiled and said: "Mr. Abel, please don't be angry and listen to what I have to say!

The board of directors is not my own board of directors. Although I know that you are sincere, I am also very inclined to hand over Marvel to your management.

But the board of directors unanimously believes that the real value of Marvel is US$4 billion, and the bid from Vision Capital is too low. If you are willing to increase the bid, I am confident that you can persuade the board of directors to agree to the transaction. "

Abel said with a smile: "No need, 4 billion U.S. dollars! You can earn so much by shooting 20 movies and making a lot of money from each one.

In the final analysis, we are just a PE fund, not a professional film company.

Involving such a large amount of transactions, our investment risks and operating risks are very high.

Since we both cannot reach an agreement, we have decided to withdraw from the deal. "

Hearing this, Kevin Feige's face was filled with shock.

As Pamut's attitude changed in the past three days, his mood was like a roller coaster, with ups and downs.

He first rejected Vision Capital, not wanting it to take over Marvel and disrupt his filmmaking plans.

When Vision Capital showed that it was not short of money, he was shaken and thought about letting Vision Capital support him.

When Vision Capital's bid reached the psychological price set by Parmut, he basically accepted his fate.

He also met with Abel privately two days ago, and the other party gave him a lot of promises, ensuring that his management and creative rights in Marvel would not be shaken after Vision Capital took over.

At the same time, the other party also strongly expressed support for his "Marvel Universe" plan, and came up with a filming budget of "US$5 billion over 10 years," which looked substantial and not like a blank check.

While he was still considering the benefits that Vision Capital might bring to himself and Marvel, Parmut suddenly let out the news that Marvel was about to be sold, attracting six major Hollywood companies to participate in the acquisition.

In the past two days, he followed Parmut and kept meeting and negotiating with various acquirers, which made him collapse.

He could understand Pamut's desire to sell the company at a good price, but the other party's profit-seeking methods made him feel very uncomfortable.

Obviously, the other party doesn't care who they sell Marvel to or what will happen to Marvel in the future, they only care about how much they can get.

Kevin Feige has completely given up the idea of ​​maintaining the company as it is, because it is simply unrealistic, and Parmut has been dazzled by the green dollars.

If Parmut was still hesitant about whether to wait until "Iron Man" was released before selling the company, he is no longer hesitant now.

Because the two acquirers, Envision Capital and Disney, are very sincere, they no longer need to care about the box office success of "Iron Man".

Therefore, the sale of Marvel is basically a foregone conclusion.

Therefore, Kevin Feige's mind has completely changed, and he is more inclined to bring in a buyer that recognizes and supports his plans to realize the Marvel Universe.

Vision Capital left a good impression on him.

But now that the other party is withdrawing from the deal, is he going to join Disney?

Pamut looked at Abel's expression carefully and found that his eyes were slightly angry. Could it be that he was stimulated by the tricks he had used in the past few days?

And Darren didn't come in person today. Is he really angry? Or playing hard to get?

Parmute was not willing to see Envision Capital withdraw from the transaction, because every additional buyer increased the possibility of selling at a high price.

Before he could speak, Abel said goodbye, got up and left the table with others.

Seeing this, Pamut had no intention of trying to stay, and quietly watched the group leave.

Kevin Feige originally wanted to speak out to persuade him to stay, but the big boss didn't speak up. It wasn't appropriate for him to speak up. What's his position?

After Abel and his party left, Kevin Feige asked: "What should we do next?"

"Aren't there still six major film companies? Just talk to them." Parmut said in an understatement. In fact, he was not at peace inside.

Kevin Feige said: "But I feel that except for Disney, the other five companies don't have much sincerity at all."

"Ignore it, let's talk first!"

Kevin Feige nodded and said no more words,

…………

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"$3.3 billion is our final offer. I think no one in the entire Hollywood has a higher offer than us!"

Disney CEO Robert Iger sat across from Parmut with a strong voice, speaking in a strong and firm tone.

"Yes, Pamut, Disney should be the best and most suitable buyer for Marvel. First of all, it can integrate Marvel's resources very well. Secondly, you can also choose to become a shareholder of Disney and share Marvel's resources." development dividends.”

Jobs dragged his sick body and persuaded his friends to the side.

He and Pamut are also old friends. After he left Wisdom Fruit, he bought Lucas's computer animation department and established Picas Pictures.

He made animations, while Parmut made licensed comics and animation toys, and the two gradually developed from business partners into good friends.

The year before last, Pixar was acquired by Disney for US$7.4 billion, making Jobs the largest individual shareholder and director of Disney with 7.4% of the shares.

Disney CEO Robert Iger also serves as a director of Wisdom Fruit Company and has a close relationship with Jobs.

In the previous life, Marvel was acquired by Disney, and Jobs played a certain role in promoting it and became the communication bridge between Parmut and Iger.

But there was no Vision Capital at that time.

Pamut smiled faintly, "Steve, I am older now and want to retire early, so I prefer cash."

Jobs understood the subtext and turned to look at Iger.

"Pamut, I can increase my offer by another US$100 million, but the deal between Disney and Marvel must be completed in the form of a share exchange. Disney will spend billions of dollars in cash at one time for the acquisition, and the resistance from shareholders will be very strong. , the stock price will also be greatly affected. "

Pamut sighed, "Then you are not as generous as Darren. He paid in one lump sum, and all the purchases were made in cash."

Jobs sneered from the sidelines: "He doesn't understand movies at all. He can't bring any other resources to Marvel except money."

Pamut smiled on his face, but he was already cursing in his heart, "I just want money!" All resources, company brands, and equity have been sold off. It’s none of my business!

"Okay, give me a week, I need to convince the board of directors."

Parmut tried his old trick again, but his little trick was directly seen through by Egg.

Aigbi pointed out three fingers, "We are just like Vision Capital, we only wait three days."

"Okay, three days is all."

The eyes of Iger and Jobs met, and they both felt that this guy was a bit unreliable and gave people a feeling of insatiable greed.