Reborn Tycoon Rise

"I don't know, who is Xu Sheng's business partner?" Although Sides believed in Xu Zhi, business was business, and some situations still had to be understood clearly.

"Goldman Sachs!" Xu Zhi laughed.

"Oh, Goldman Sachs? Then why does Xu Sheng still need to borrow money from our Standard Chartered Bank?" Sides asked.

Goldman Sachs itself is an investment bank. According to U.S. law, it cannot participate in commercial activities such as loans. However, as one of the world's largest investment banks, it must cooperate with many commercial banks, and Goldman Sachs itself can also use investment opportunities to indirectly No matter how much funds are raised, it is not Standard Chartered Bank's turn to get a share of the pie.

"This is our group's risk control. I think you should understand, Sides." Xu Zhi did not explain directly.

In the business world, diversification is one of the most common methods for many large groups to control risks. Putting funds into different industries can avoid huge losses due to the impact of market conditions and endanger the company's survival.

But there are many ways to avoid risks, such as choosing loans from multiple parties, which is also one of the ways for companies to avoid risks.

Xu Zhi's previous actions in the United States were basically based on loans from American banks. However, the funds were not large. Even if problems occurred, he could deal with them calmly. Until the expansion of Best Buy later, the number of loans needed increased rapidly, and now the acquisition of Disney Needing more money, he didn't want all of his loans to be controlled by Bank of America.

"I understand." Sides smiled and nodded, then said, "How much money does Xu Sheng need?"

"Although Disney has been losing money in recent years, its size is still quite large. Its current market value is between US$1.8 and US$2 billion. If I want to acquire them all, I estimate that I will need about US$2.5 billion in funds." Xu Zhixiang After thinking about it, he said that if he wanted to acquire it, he would naturally have to pay a premium of US$2.5 billion. If it could succeed, it would be worth it.

"$2.5 billion." Sides then asked, "Are you planning to acquire all shares of Disney?"

"Not bad!" Xu Zhi nodded.

"Xu Sheng, we have been friends for many years. I know that Chinese people like to fully control their own companies, but this is completely unnecessary in the West. If you want to ensure controlling rights, 51% is enough." Sides explained: "And for a large company like Disney, ordinary people or institutions can already control the board of directors if they hold 20%."

"I understand this, but I have my own ideas." Xu Zhi said with a smile and shook his head.

Saiders is right. In the West, unless it is a company that has just been established for a short time, or the company has just been acquired by a rich man or other company, under normal circumstances, equity is rarely concentrated in one person. In the hands of shareholders, as time goes by, the equity is gradually dispersed, and some companies even lose their major shareholders.

This is also the reason why the management of many large Western companies can reversely control the board of directors, because there are no major shareholders at all. Occasionally, there will be some large pension and labor union funds controlling large shares, but under normal circumstances, These large funds only focus on yield and do not care about management rights.

Therefore, in Western countries, when many companies do not have strong major shareholders, one shareholder holding a small number of shares is enough to control the board of directors. For example, the world-famous Ford Motor Company, whose current chairman is Henry Ford II, only holds He holds 10% of the shares of Ford, but controls the entire Ford, and is known as the tyrant of the American automobile industry.

If it were just a normal acquisition, it would be enough to acquire enough shares. In Disney's current situation, perhaps US$1 billion would be enough. In this way, the financial pressure would be much less. But Xu Zhi is unwilling. It’s not that he doesn’t want to go public, but that after he prepares to take over Disney, he will give Disney some creative ideas and animated movie scripts with very considerable profits. These can help Disney get out of a loss-making situation. If he only acquires some Stocks are directly cheaper for these people.

Whether or not it needs to be relisted in the future, or when it will be listed on the market, will naturally fall into place when the time is right.

"Okay, I won't interfere with your business decisions. As long as the risks are controllable, we at Standard Chartered Bank are willing to be your best partner on the road ahead." Sides said with a smile.

Xu Zhi nodded and said: "Okay, as long as this acquisition is successful, I will choose Standard Chartered Bank for more international mergers and acquisitions in the future."

Sides nodded and said: "Okay, I will do my best to promote the British headquarters to reach this cooperation agreement."

Xu Zhi stood up and said politely: "Thank you very much. I'm waiting for your good news."

…

After leaving Standard Chartered Bank, Xu Zhi returned to Midea's headquarters, found He Guoyuan, and informed him of the cooperation with Sides.

This was also the first time He Guoyuan knew that his boss was about to acquire the world's most famous Disney company. Although Disney would have nothing to do with Midea after the acquisition, he was still excited.

Xu Zhi said: "The funds required for the loan this time will be pledged by Midea. During this period, you need to conduct comprehensive negotiations with Standard Chartered to finalize the matter in the shortest possible time."

"No problem, chairman, don't worry, I will complete this matter successfully." He Guoyuan said with a guaranteed smile.

Xu Zhi nodded and said: "Okay, you prepare the funds here, and I will take care of the rest. I will go to the United States in a few days, and Goldman Sachs has almost reached negotiations with some Disney shareholders and management. , it’s time for us to take action.”

When acquiring European and American companies, it is not only necessary to obtain enough shares, but more importantly, it is necessary to communicate with the management and labor unions in advance, including the financing situation of the acquisition, the future development direction of the company, the arrangement of management personnel, whether to lay off employees, etc. After the negotiation is complete, everyone agrees, and the subsequent operations will be much simpler.

The above are friendly acquisitions, and the other is hostile acquisitions. Hostile acquisitions do not require the consent of management, but when this happens, it can easily cause great resistance, causing the cost of the acquisition to increase significantly.

At the same time, this kind of behavior will arouse the resentment of government departments. If domestic companies are doing the trouble, the government may turn a blind eye. But when foreign investors play like this, the acquisition can easily be vetoed by the Ministry of Commerce.

When Xu Zhi acquired Disney, he naturally hoped that everyone would trade peacefully. Otherwise, it would be impossible for him, a Chinese, to acquire an American cultural enterprise like Disney.

He Guoyuan hesitated for a moment and then said: "Chairman, funding may not be a problem, but I am more worried about the impact of this matter in Xiangjiang."

Xu Zhi shook his head and said: "Don't worry, I have already planned it, you don't have to worry about this aspect!"