"What is it!? Are you doing any conspiracy? Sudden attack!?"
Little Bronfman took a closer look. "People acting in concert?"
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Chicago 1990 Chapter 1235: Exit
"Yes, people acting in concert, me, and you."
Barry Diller confirmed to Little Bronfman with a complicated mood, recalling the golf course in Montreal not long ago in his mind.
He was invited to visit and chatted with his master Bronfman.
The old man looks much more haggard than last time, but he is still in good spirits and drives the golf cart to the next hole.
The old man's remaining prestige in the ConocoPhillips acquisition battle with DuPont was still halfway through. In addition, he knew that he had made a lot of money from his stupid son.
"Little Edgar admires you very much, Barry."
Arriving at the destination, the old man was helped out of the car by the caddy.
"We appreciate each other, he is very good, he is the best." Barry Diller complimented.
"Hahaha!" The old man happily used his cue as a cane and strode forward.
"What do you think of the Digital Millennium Act?" the old man asked casually while setting the ball with his cue stick.
"The currently submitted version...the clause is very unfavorable to us." Barry Diller replied.
"Well, I have also noticed that now little Edgar needs your support very much." The old man asked: "The probability of passing it is very high, right? Especially in the Senate, it is almost impossible to stop it."
"I understand." Barry Diller smiled: "I will stay in Washington and fight with him shortly."
"Thanks."
"You are welcome, Mr. Bronfman."
"Oh, by the way, thank you for your two shots and helped Seagram Global Group solve its cash flow difficulties."
The old man refers to the purchase of all media companies under Universal's media company and part of the Beimi distribution network at a time of 1.5 billion and 2.6 billion at a time.
Barry Diller was a little bit confused about the other party’s true intentions of mentioning this matter, and felt that he needed to emphatically explain, “Actually, I don’t need to thank me. In fact, the shareholding ratio is not high, and cooperation with Edgar Jr. is a joint decision of the board of directors."
"IAC? Is it related to the latter acquisition?"
Old Bronfman paused for a moment.
"Yes."
The latter acquisition of 2.6 billion yuan was profitable, but the price was relatively normal. He couldn’t be guilty of pitting the little Bronfman too hard for IAC, which has a low shareholding ratio, but the previous one was worth 1.5 billion. In the transaction, he raised 1.2 billion in cash and about half of Diller Media’s shares of about 300 million dollars. He made a lot of money, and his status and energy in the media field have been improved by leaps and bounds.
It seems that the old man has returned to the business from his retirement? He didn't want to talk more, he was secretly wary while nodding in agreement.
"I remember your current nickname in Hollywood is'killer'?"
Every sentence of the old man seems to be a metaphor, which is very stressful.
But Barry Diller is not a vegetarian either. "Ha!" He laughed at himself. "It's all in the past. If I were really a competent killer, I wouldn't be defeated twice under Redstone, just like me. Ovitz and David Geffen, who came out of the William Morris mailroom, became billionaires early on."
"Don't be so humble, Barry."
The old man hits the ball out, and then just walks towards the spot on his own.
Barry Diller had to tee off alone, and used this space to quickly think and figure out that the two met again on the green.
"I'm one shot ahead of you?" The green of this hole is relatively high, and the flag blowing up in the wind is hunting, and the old Bronfman who is waiting there stands waiting for him, half-truth and provocation.
"The game is not over yet." Barry Diller pointed to the opponent's ball.
The old Bronfman focused on aiming, and after a long gesture, he putt carefully. The caddie picked up the flag, and the white golf ball slowly moved forward, and finally passed the edge of the hole.
"Damn it!" The old man cursed, and went over in anger and made another stroke before filling in the ball.
"The wind problem." Barry Diller put down his ball and putt into the hole easily.
"I have an idea, Barry, you should cooperate more deeply with Edgar Jr. You are the best partner, and he only listens to you now..."
Old Bronfman waved his caddies away. "What do you think?"
"Oh?"
"You should become people acting in concert. In the future, whether in Seagram Global Group or your Diller Media, I have seen the repurchase agreement signed by you and Edgar Little." The old man asked, "How?"
"I don't have any shares in Seagram Universal Group..."
"The repurchase will be paid in the form of shares, and a supplementary agreement will do."
"Is this not so good?"
"What's wrong? He told me that you are very optimistic about the future of Seagram Global Group. You also think that he is the best young man. In this case, it is more beneficial for both parties to join forces, right? Me too? I can retire with confidence."
The old man's eyes became very sharp, and he stared at his face and asked, "Or you don't actually think this is the case?"
"The repurchase period is still early."
"I know, so you have to help him find a next home that is willing to accept Seagram Universal before the repurchase, if the Digital Millennium Act is passed this time."
The old man said: "I know that tens of billions of business are difficult to sell, but I think the situation is very bad now. Everything must be planned early. Before the gambling agreement with Merrill Lynch expires, it must be sold, all sold. "
Barry Diller squinted his eyes and looked at the white-haired old man in front of him. He seemed to see an old lion king licking his wound. When he said ‘sell it all’, his expression was full of unbearable reluctance and distress.
"Sell? Are you referring to Seagram, a liquor company accumulated by three generations of the Bronfman family, plus the world's largest record group and one of the seven major Hollywood studios?"
He confirmed in surprise.
"Yes."
The old man nodded firmly: "I have studied all the reports and the gambling agreement with Merrill Lynch. If I don’t sell it sooner, Edgar will probably go bankrupt when the agreement expires in 2002. He borrowed too much money and the record industry’s prospects are not. Wonder... the people around him may not dare to mention this huge danger to him, but you should be honest, he trusts you so much."
"It's not that serious. Even if the Digital Millennium Act is passed, we can still obtain favorable precedents through copyright litigation. The current version of the legal restrictions is very vague and there is a lot of room."
Barry Diller doesn’t intend to tell the truth, and he doesn’t want to go back and sign an agreement with the other party’s stupid son that he advances and retreats. He is still waiting to make the last lot of money when he buys it back. The plan is very mature. , The net worth of one billion depends on that, so he pretended to be stupid and continued to persuade.
Hearing this, the old man took a deep breath in annoyance, bends slightly, rubbed his chest, turned and walked towards the golf cart. He said: "It is Edgar who has a very low chance of winning in the game of this bill, so the Internet industry and Wall Street I haven't hurt him yet. Part of it is my relationship, because I still have a few thin faces. But if we keep entangled again and again, everything will be very different. We can't beat the Internet industry. The entire country depends on the information technology revolution... …Don’t you also have a website that will be spin-off and listed next month?"
Barry Diller stopped speaking, and followed silently, planning to find an excuse to leave after socializing.
"Moreover, there are many thieves gathered around little Edgar."