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Chicago 1990 Chapter 1420: It's impossible to share adversity
The first thousand four hundred and twenty chapters are impossible to share adversity
“Last year’s acquisition of Seagram Global brought us too many problems, management, financial, legal... I’m not saying that this business is not worth doing. Everyone has seen the value of Seagram’s wine industry. , It was sold separately from Seagram Universal Group at a good price, which greatly eased the pressure on cash flow for us...'
In Beverly Hills, the actor, 20 million club member, and top actor Nicholas Cage is holding a celebration party for him to take over the hero of the Wolf of Wall Street, but the big boss Song Ya who came as a guest is all on the TV screen. Vivendi Global CEO Messier.
As Vivendi Global’s annual report disclosed a huge loss of more than 13 billion euros last year, the company’s share price plummeted again, and Messier stepped up to hold a press conference to fight the fire and dump the pot. “Our next fiscal year can finally be light-packed. I have entered the battle, and now my main focus will be on integrating Vivendi Global’s global media and continuing to solve the historical problems of Seagram Universal Group. I’m honored to announce that Vivendi Global has joined the US TV Network. Shareholders have reached an agreement on the terms of the repurchase..."
8.6 billion, Vivendi Global announced in the disclosure of the annual report that it chose to implement the repurchase agreement signed with Barry Diller before the Bronfman in early 2001. Messier is equivalent to selling the Seagram wine industry. The cash was exchanged for the U.S. TV network and eliminated a major hidden danger for the company, because the U.S. TV network shareholders Barry Diller and John Malone have been accelerating the expansion of the U.S. TV network, early in the end of 2002 before the repurchase deadline. One day of execution, Vivendi Global will be able to pay less.
A big stone fell, and Barry Diller stepped into the ranks of billionaires with this transaction. After being defeated by Redstone twice in a row, he finally relied on the generosity of the young Bronfman.
"Wow..." the other spectators behind Song Ya exclaimed.
"What's this? How much did it cost Barry Diller to get the U.S. TV network from Edgar as a child?"
David Geffin next to Song Ya was very upset when Barry Diller took such a big bite of fat, turned his head and asked his subordinates behind him, "More than four billion?"
"Two times, a total of 4.5 billion. Barry Diller manages the TV network well, the market share and ratings have risen, coupled with continuous mergers and acquisitions..."
The subordinate replied: "8.6 billion... minus 1 billion should be more reasonable. The reaction of the capital market also shows that everyone thinks this transaction is a loss."
"Hehe, Messier can't help it, he must wipe Edgar's ass..."
There were people waiting, and David Geffen was inconvenient to spray on the spot, so he had to say sourly: "Barry Diller is really lucky, little Edgar was touched by him."
Although revenge is great, the relationship between himself and the Bronfman family was stronger than that of Barry Diller, and the money leaked from the fingers of the three generations of riches was more and more secure. Who knew that the crazy suddenly decided to drive him out? David Geffen was unavoidable when he thought of this.
At this time, everyone realized that Song Ya had made a bankruptcy bet with the little Bronfman, and Vivendi Global plummeted again. Wouldn’t the little Bronfman’s net worth have shrunk again? Including David Geffen, his gaze floated towards the black pharaoh beside him subconsciously.
Song Ya noticed from the corner of her eyes that everyone was quietly looking at her, and Charis, who was holding her arm, was pressing closer, but she couldn't respond. She continued to stare at the TV screen indifferently and diverted the topic: "US TV network... John Malone has more shares and made a lot of money, right?"
"of course."
David Geffen replied, and then turned to gloat, "But John Malone is in trouble. After ATandT was merged with the TCI company he managed, the management and shareholders began to rebel at the beginning of the year and wanted to drive him away."
"It's all because of the stock market crash, and everyone's life is not easy." The president of Disney Copyright, Linton, who was promoted to serve as vice president of Disney Group at the beginning of the year, came over to join the discussion.
The New York stock market has come out of the downturn in the foreseeable future. Of course, the new George Jr. government also wants to save it. It has resorted to major moves such as interest rate cuts and extension of the Internet tax exemption period, but none of them can restore the confidence of investors.
We share difficulties with wealth and wealth. Seeing that the stock market has recovered for a while, all listed companies have started to have problems. Not only ATandT and TCI, but also AOL and Time Warner, which have also been combined recently, are also fighting each other, and the trouble is even worse.
Because of the high market value of AOL when it acquired Time Warner, the boss Steve Case naturally took control of the new company after the merger. However, as Internet companies such as AOL were punctured by the stock market crash, Time Warner naturally felt that this business was too great. It was a loss, so I wanted to reveal AOL's "repentance of marriage" by exposing financial fraud before the merger. AOL was not to be outdone. In turn, it also accused Time Warner Group of financial fraud. Both parties will soon confront Bo.
Jim Clark, an old friend who followed Netscape into AOL, is now following Steve Case.
Affected by this, Time Warner Group’s internal popularity has floated, so it has attracted Disney, an external enemy, whether it is in Hollywood’s Disney and Warner Departments, the second-tier leader of the recording industry, Disney Records and the top five end Warner Records, or ABC and Warner TV. , The two companies have a very high degree of overlap in their business scopes, and fierce full-scale competition will follow.
But Disney’s internal stability is not stable. Emperor Eisner’s large investment in Internet companies such as Infoseek in recent years has become a joke with the stock market crash. Also, the just-disclosed annual report shows that Eisner’s own shareholding has surpassed that of the Disney family for the first time. Roy, officially became the largest individual shareholder, incurred a lot of dissatisfaction with other shareholders including Roy Disney.
"I heard that your company will soon be renamed Eisner Group?"
David Geffen smiled and joked when he saw Linton.
The emperor, who has worked for many years and finally suppressed his main house, seems to have a bit of meaning in this regard. He is trying to test it out through the media. This is no secret in the well-informed Hollywood.
One can imagine how angry Roy Dinis is now.
"Ha ha…"
Linton didn't dare to take the trouble, and accompanied by the laughter of the crowd twice.
Song Ya didn't want to put the hard-core ally Linton in an awkward position, so he winked at Hayden, who was holding the remote control, and Hayden knew how to change the channel.
‘Kynikos hedge fund owner James Chanos suddenly issued a short-selling report, targeting the energy giant Enron...’
'The report questioned Enron's profitability and investment return rate as insufficient to support the current stock price. At the same time, it proved that Enron CEO Skilling ostensibly stated publicly that Enron’s stock price would rise at $120, but secretly it has always been. Illegal cash out of the stock in hand...'
The news of CNBC really diverted everyone's attention from Disney. Enron is a multinational giant, and it is true that the Kynikos hedge fund owner James Chanos who released the short-selling report this time is not small. In 1982, when he was only a small securities broker, he used a piece of research report to kill the Baldwin-United Insurance Company, creating the largest bankruptcy case in history with a scale of nine billion dollars.