Reborn Tycoon Rise

"Oh, it's quite fast. I thought it wouldn't end until at least next year?" Xu Zhi said with a smile and shook his head.

Wang Liming said: "The main thing is that Wanwan is relieved. In fact, GE and RCA have already discussed the details. The biggest trouble is the more than 200 American employees detained at Wanwan. This matter is not The U.S. Department of Commerce will not agree to this merger."

"So that's the case. How did Wanwan deal with it?" Xu Zhi asked.

Wang Liming said: "The official data is that General Electric will build a hospital in Taoyuan City. As long as cancer patients within 20 kilometers of the RCA factory can go for treatment, and based on the conditions of these people, General Electric will also A sum of money for sexual compensation.

In terms of the environment, General Electric will pay US$100 million to establish a professional environmental protection fund, and will try to alleviate the harm of pollution to the human body by planting greenery and filtering water sources.

Others include severance pay for the previous 15,000 employees, GM will also invest in a large manufacturing factory in Taoyuan City to help with employment, etc.

These are only on the surface. I don’t know what agreement the Gulf government and the US government have reached. "

"One hundred million U.S. dollars!" Xu Zhi smiled and asked, "What's the purchase price for RCA?"

"For US$4.2 billion, General Electric has to bear all liabilities." Wang Liming replied.

"No wonder General Electric is so generous. It was willing to pay US$100 million to acquire RCA for only US$4.2 billion." Xu Zhi couldn't help but sigh. In 1986, GE's acquisition price was US$6.3 billion. Although it is now It's a little early, but the transaction price is still a huge advantage.

The biggest beneficiaries of this incident are obviously General Electric and Goldman Sachs, but I just took a sip of soup. But there is nothing we can do. It is impossible for the United States to end this kind of thing on its own initiative, and it does not have the resources and capabilities.

Xu Zhi thought for a while and said, "Then let's go to the United States. Although RCA's TV business is in decline now, it is a business with annual sales of more than 2 billion US dollars. I have to talk to Welch personally."

…

General Electric is headquartered in Boston, USA. From an electric lighting company founded by "Invention King" Edison in 1878, 100 years later, it has become the world's largest multinational manufacturing group, involving aircraft engines, power generation equipment, and medical equipment. , home appliances, finance, infrastructure, etc., it was rated as one of the top ten companies in the United States by the U.S. Fortune Rankings in 1980, ranking fifth.

In the original history, Welch will take over as CEO of General Electric next year and lead this giant company to glory again.

"Congratulations to Mr. Welch for getting his wish and acquiring NBC!" Xu Zhi congratulated with a smile in Welch's office.

"That is also the result of everyone's communication efforts!" Welch was quite happy. This successful acquisition earned him great appreciation within GE. The board of directors was very satisfied with his achievements. This will definitely be a factor in the future competition for the CEO position. Big plus.

But now there is still another task, which is to divest RCA of a bunch of messy assets. RCA's previous business was very complicated: carpet business, insurance, aero engines, medical equipment, etc. These businesses are either looked down upon by GE or they are Welch naturally wanted to get rid of this business as soon as he had this kind of business, and the results were still poor. After all, the interest on the billions of dollars borrowed for acquisition financing was not low.

Apart from NBC, the most important business of RCA is the television business. The former has the highest profit, while the latter has the largest scale. However, it is not efficient and needs to be sold out urgently.

Welch said: "Mr. Xu, according to our previous agreement, after our company acquires RCA, you will take over the TV and radio business. Regarding the specific value of this business, the third party organization jointly invited by your company and our company has already provided The value is US$470 million. I wonder what Mr. Xu thinks?"

"It's too expensive." Xu Zhi shook his head and said: "The pollution incident in Taoyuan City did great harm to the RCA brand, and there was also a market vacancy problem some time ago. Although RCA later found several OEMs to produce, I am more worried that these OEMs are uneven, and if quality problems occur, I will have to take the blame."

Welch said: "Mr. Xu, the total output value of RCA's television business exceeds 2 billion US dollars. If the RCA incident had not happened, it is estimated that 1 billion US dollars may not have been able to buy it."

"The output value is high, but the annual profits are very unstable. Throughout the 1970s, most of the losses were made, and the occasional profit was only tens of millions of dollars. Is it true that Mr. Welch doesn't know what this kind of company is worth?" Xu Zhi replied Refute.

Welch didn't refute and asked, "What price is Mr. Xu willing to pay?"

"$400 million!" Xu Zhidao.

Welch shook his head and said: "It's impossible, it's too low."

"Really!" Xu Zhi smiled, took out a contract and handed it over, saying, "Mr. Welch, can you take a look at this first?"

Welch took it, read it carefully, and said, "Now that the pollution incident has been dealt with, is Mr. Xu still planning to use this contract to start a lawsuit with General Electric?"

Xu Zhi said with a smile: "If it's not necessary, I don't want it to be like this, but according to this contract, in the past six months, RCA should have provided our company with picture tubes worth a total of 60 million US dollars, but we have not received any. According to the contract, there is a compensation of US$30 million!"

"It seems that Mr. Xu has already laid out everything!" Welch thought for a while and said: "For 450 million US dollars, I can also decide to transfer a set of General Electric's most advanced cathode ray tube technology."

Xu Zhi thought for a moment and said, "It's not impossible, but I also want all of RCA's patented technologies in liquid crystal."

"Liquid crystal patent." Welch had also heard of this kind of thing, but he didn't pay much attention to it. It was not GE's main business, so he said, "Okay."

"Okay, but there is another problem. The relocation of Wanwan's Taoyuan factory will take a lot of time, so this transaction will be carried out in batches until all the equipment in the factory has been moved to Xiangjiang Pier. One of my companies is already there. Two large warehouses have been prepared." Xu Zhi said cautiously.

Welch thought for a moment and nodded: "No problem, then I wish us a happy cooperation!"

"Happy cooperation!" Xu Zhi also stood up and said: "I heard that Mr. Jones is planning to retire?"

"Mr. Xu's information is really well-informed!" Welch nodded and replied. Reginald Jones is the current CEO of General Electric. Because he is old and plans to officially retire next year, this matter is not a major one. It is confidential. GE’s middle and senior management already know about this matter, but outsiders may not know it unless they pay special attention to it.

Xu Zhi smiled and said: "I heard that Mr. Welch is one of the candidates for the next CEO of General Electric?"

"Not bad!" Welch nodded. There were three people in this competition.

"With this NBC acquisition, I think Mr. Welch's chances of winning will be greatly improved." Xu Zhi paused and said, "I am more optimistic about Mr. Welch's management ability, so if Mr. Welch is elected, I want to invest in General Electric, what does Mr. Welch think?"