Reborn Tycoon Rise

Chapter 231 Mack Truck

"That's okay!" Brad now just wants to end this matter as soon as possible. He even wants to retire early! But now that it was related to such a large-scale acquisition, he naturally had to continue to be responsible to the end, so he asked: "After General Electric acquires RCA, how will the TV department be arranged?"

The total output value of RCA's television department is as high as 2 billion U.S. dollars. However, it has been on the verge of losing money amid Japan's low-price competition. However, it has a large number of employees. In addition to tens of thousands of foreign employees in overseas factories, there are also tens of thousands of employees in the United States. More than 10,000 people, including after-sales, customer service, research and development, and sales.

Welch said: "We have found a buyer for the TV department. As long as the Wanwan matter is settled, we can change hands."

Brad nodded and said, "It seems you have already prepared!"

The core asset of RCA is the NBC television station. As one of the three major television stations in the United States, numerous consortiums are interested in mergers and acquisitions. In fact, the management of RCA is not opposed to the sale, but most consortiums only want the television station. For televisions, etc. The electronics business wants to be as far away as possible. Naturally, RCA hopes to sell all of it, rather than sell off its core assets and continue to hold on to the money-losing company.

Just like the General Electric Company in front of us, it also has businesses including televisions, refrigerators, air conditioners, etc., but in recent years it has been struggling in the face of low-price competition from its Japanese counterparts. Home appliance companies have long been recognized as a sunset industry in the United States. Just because so many people are involved in employment, it is difficult for any company to completely cut off this business.

Brad said: "I agree in principle to this matter, but I have to discuss it with all the senior management after I go back, and finally I need the approval of the board of directors."

Welch nodded and said: "Of course, I hope I can get good news next time we meet again!"

"It seems that you have a winning chance?" Xu Zhi said with a smile while listening to Corey's narrative.

Curry nodded and said: "Yes, in fact, even under normal circumstances, if General Electric proposes to acquire RCA, as long as it is a comprehensive acquisition, the possibility of success is very high. The current situation is that we can seize this once-in-a-millennium opportunity. It’s just a chance to lower the price severely!”

"Congratulations, this time, you have made great contributions to Goldman Sachs!" Xu Zhi raised his glass and said with a smile.

In this intended transaction, Xu Zhi intends to acquire the RCA TV department, General Electric intends to acquire NBC TV station, and Goldman Sachs is just taking advantage of the opportunity to make money. Goldman Sachs made at least hundreds of millions of dollars by shorting RCA stock, and even if RCA is priced down, this transaction will still be It involves billions of dollars. Although General Electric has a high market value, it is still a traditional enterprise and cannot afford so much money. Naturally, it also needs a loan from Goldman Sachs.

Although Xu Zhi made a lot of money from gold futures, it would be too stupid to only use his own money to acquire the RCA TV department. These days, the richer the people, the more loans they get, and the agreement to cooperate with Goldman Sachs , the loans are naturally also issued from Goldman Sachs.

Of course, except for the first short sale, the rest are all plans. Whether they can be realized depends on subsequent progress.

Curry was naturally quite proud and said with a smile: "Doing business with Mr. Xu is a pleasure. I heard that Midea Company has sued RCA Company for breach of contract in the New York District Court. This seems to be inconsistent with our original agreement, right?"

Xu Zhidao: "The current acquisition of RCA by General Electric is just to ensure that Brian has no personal objections. The follow-up still requires the consent of the company's management, shareholders' meeting, and the US antitrust department. Moreover, my agreement with you is that the Wanwan matter is over." There will be transactions, so many factors come together, who knows what will happen in the future, I will naturally do what I should do!"

"RCA's management is definitely not a problem. They also want to get out of this incident as soon as possible. For shareholders, it may be a price issue, which can be solved with some time. As for antitrust, the business duplication rate of GE and RCA is not high, and it should not be What problems could there be?" Sean said slowly: "As for the Taoyuan factory, in fact, according to the information I got, the Bayan government actually wants to use this opportunity to achieve some political goals. As long as we negotiate carefully and accompany you for a while, Money, that’s about it!”

"This is probably not the answer I like!" Xu Zhi smiled: "Besides, my lawsuit has also suppressed RCA's stock price, which is also good for you."

Xu Zhi's own idea is to take advantage of the opportunity to earn a lot of liquidated damages. As for whether he can annex RCA's TV business, he can only say that he will do his best. It is better to succeed, but it is impossible to give up other benefits.

Sean nodded and said, "Okay, I just hope Mr. Xu won't go too far."

Xu Zhi smiled and said: "Sean, I intend to acquire an American company again, and I hope Goldman Sachs can help!"

Sean's eyes suddenly lit up and he asked: "Which company?"

Xu Zhidao: "Mark truck!"

"Mark?" Sean frowned and thought for a moment, then said, "I know this company is one of the top ten heavy-duty truck manufacturing companies in the United States. Mr. Xu's main business is the electronics industry. How could he think of acquiring a truck company? ?”

Xu Zhidao: "Diversification is what any smart person should do. In recent years, due to the outbreak of two oil crises, life has been difficult for major car companies around the world, but the economy will always recover, and acquiring car companies now is golden. time."

Sean smiled and said: "Mr. Xu, if you are interested in car companies, how about acquiring a car company? We at Goldman Sachs can coordinate and give you the best advice."

Xu Zhi asked: "Why, is Goldman Sachs unwilling to help me acquire a truck company?"

Sean shook his head and said: "Truck companies can do it, but Mr. Xu, even if there is no oil crisis, the truck industry is not optimistic. The scale of this industry is limited, and it is far inferior to cars."

"The automobile industry market is huge, but competition is also huge, and I don't have enough funds for any large-scale automobile company." Xu Zhi shook his head and refused.

Sean smiled and said: "We have Goldman Sachs in terms of funding, so it is definitely not a problem. Mr. Xu of British Leyland Motors should have heard of it. This is a huge state-owned automobile group. Since Mrs. Thatcher came to power, it has been trying to privatize the UK." A state-owned enterprise, Mr. Xu is from Xiangjiang, if he can acquire a local automobile group in the UK, it would be a very good choice."

"I'm not interested in British cars." Xu Zhi refused directly. The British automobile industry has been in decline for 20 years. In the 1970s, the British government issued an executive order to merge all automobile companies to form the Leyland Automobile Group, which includes: Luofu Motors, Leyland Trucks, Mini, Land Rover, MG, Triumph , Jaguar, Austin, etc., a total of 30 car brands.

But large scale is useless. Each of these companies is losing money. After the British government subsidized more than one billion pounds, in the Thatcher era, they were ready to be forcibly sold.

The companies that took over these car brands are all international automobile giants. For example, BMW acquired Luofu and has been losing US$3 billion since then...

Ford acquired Jaguar and also lost $2 billion...

Mini is well managed by Mercedes-Benz, but it also requires a lot of initial investment...

The most important thing is that those who can acquire these companies are century-old car companies with tens of billions of dollars in assets and strong technology. Only then can they possibly save British car companies.

Xu Zhi doesn't have the skills in this area, so if he invests this small amount of assets, he probably won't even be able to make a splash.

"Let's see, I am bound to win the acquisition of Mack Trucks. Goldman Sachs can start making preparations in this area first. As for other American car companies, I need to consider it." Xu Zhixian left a hope for Goldman Sachs. After all, there may be more profits in the future. In this case, Goldman Sachs will be more concerned about its own affairs.

"That's no problem." Sean nodded and said, "I will immediately arrange for my men to investigate the information about Mark's truck."

"No need!" Xu Zhi took out a stack of documents and said, "These are Mark's financial reports over the past few years."

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