Chapter 559 The second option
"I feel it is the second option. If it is the first option, there is absolutely no need for Kirk Kerkorian to go back on his word when he is about to sign the contract. Not only will this be extremely detrimental It will seriously damage his credibility and directly cause the risk of breakdown of the negotiation.
Moreover, if he wants to raise the price during the negotiation, there will be more opportunities. There is no need to be so extreme.
But. During the negotiation, anything can happen.
Perhaps Kirk Kerkorian feels that this extreme negotiation method can better test our determination to acquire MGM.”
Xu Liang nodded, he recognized Lu Xiaobo's judgment.
But he prefers both possibilities.
It should be that other institutions joined MGM's acquisition, which made him adopt extreme negotiation conditions.
Anyway, if you fail, there will be another one.
If the next home is gone, he can come back to find him.
Otherwise, this acquisition would have ended a month ago. ”
Goldman Sachs head Bern Calderon, Citigroup head Dimitri Coy, and JPMorgan Chase head Julio Winter have all appeared on the video.< br>
“Okay, I’ll contact you right away. "
Anyway, in business negotiations, interests are the main priority. Things like face are really worthless in the face of huge interests.
Xu Liang nodded, "Three gentlemen, I don't mean to rush you, but it has been almost two months since the contract was signed, and the MGM acquisition has never come to a conclusion.
"Mr. Xu, please believe that when it comes to corporate mergers and acquisitions, Goldman Sachs, Citigroup and JPMorgan Chase are the most professional. The reason why the acquisition has not been completed for so long is mainly because we want to complete this acquisition at the lowest price and reduce your Loss.
“I heard from my partners that something went wrong with Hongmeng’s acquisition of MGM? "
Lu Xiaobo is very efficient, only ten minutes.
I am already impatient to wait.
"Is there really someone obstructing me, or... . ”
Lu Xiaobo left in a hurry.
"Good morning, you three."
Thinking of all the possibilities, Xu Liang narrowed his eyes slightly.
Julio Winter, who had short golden hair, said quickly.
However, Hongmeng Company applied for the highest bandwidth from ATT, so that it can obtain stable images.
After many speed increases, the current bandwidth can already transmit video, but the signal is not stable enough and is not enough to develop the video industry on a large scale.
"Good morning, Mr. Xu."...
Furthermore, as the top three financial institutions in the United States, your performance is not worthy of your current status. I have reason to doubt Are you dealing with me? "
"Mr. Xu, we are investigating this matter. We will give you a satisfactory explanation within three days at most. "
" Please arrange it. I will have a brief video conference with people from Goldman Sachs, Citigroup and Morgan. ”
After saying greetings, Xu Liang didn't hesitate.
Dimitru Coy said quickly with tall cheekbones, narrow eyes and a serious expression.
Xu Liang nodded slightly, "I also want to believe that you are professionals, but gentlemen, let me remind you again. It was stated in the investment agreement we signed.
If three If the acquisition cannot be completed within this month, I have the right not to pay the merger and acquisition commission.”
The original Hongmeng investment agreement had very clear terms.
In addition to what Xu Liang mentioned, there is also the fact that if the final acquisition price exceeds 5 billion US dollars, or the acquisition time exceeds half a year, Xu Liang gives up the acquisition and pays the merger and acquisition commission, but Hongmeng held by the three major financial institutions The shares are to be reclaimed.
Xu Liang’s words made the three of them frown at the same time.
But a contract is a contract, and once you sign it, you must act in accordance with the contract. Moreover, with Xu Liang's current status and connections, he cannot be manipulated at will.
"Mr. Xu, I have a proposal. In order to acquire MGM at a lower price and with higher efficiency, I propose that Hongmeng re-launch the acquisition of Vivendi Universal."
Xu Liang said calmly: "Mr. Calderon, your proposal is good. But NBC is backed by General Electric and has deep pockets. If it competes with Hongmeng, Vivendi Universal's price will not be 14.5 billion US dollars, or even 16 billion or 18 billion. Even 20 billion US dollars.
I have fully experienced the greed of the French during the acquisition of Vidywang Games.
I don’t want to do it again.”
< br>"Mr. Xu, you misunderstood me. I didn't ask you to actually acquire Vivendi Universal. I was just making a gesture to put more pressure on MGM to facilitate our subsequent acquisitions."
"I understand what you mean. But Kirk Kerkorian is a shrewd businessman with deep connections in the American business world and Hollywood. If you want to make him feel the pressure, it is not enough to just make gestures. Only true Only by launching an acquisition can we realize the plan you mentioned
But in this case, I will pay additional funds to cover your agency fees and various expenses. ”
Every complex acquisition requires a large number of lawyers, actuaries and other staff, and their salaries are a huge expense.
In addition, various kinds of information must be collected in the process. Information, printing and copying various documents
Especially for large-scale acquisitions involving billions or even tens of billions of dollars, the various miscellaneous expenses add up to tens of millions of dollars.
If you include intermediary fees, bank financing, etc.
That's hundreds of millions of dollars in spending.
Of course, if it is just a gesture, you may not need so much, but labor in the United States is too expensive. Top business lawyers charge tens of thousands or even tens of thousands of dollars an hour.
Without the expenditure of tens of millions of dollars, no fake show can be staged.
"Mr. Xu, this is the current acquisition of MGM..."
Xu Liang interrupted Bern Calderon.
"Mr. Calderon, now I want to know more about what caused Kirk Kerkorian to change his mind?"
"We are still investigating..."
"Then Please investigate first. We don’t even know who the enemy is? It’s a complete waste of time to discuss the next solution.”
Xu Liang said bluntly.
Don’t be too talkative, otherwise people will think you are weak and easy to bully.
The three fell silent. Xu Liang's words were sharper than they originally expected.
"Okay, that's all I have to say. Gentlemen, I'll give you three days. I want to know the reason after three days, OK?"
"We will come up with it as soon as possible. A result that satisfies Mr. Xu."
Bern Calderon said in a deep voice.
The remaining two people nodded in agreement.
"It seems that we have reached an agreement, so today's meeting will end here."
After saying 'goodbye', Xu Liang closed the video.
"Mr. Xu, if MGM's asking price is too high, Vivendi Universal is also a better choice." Lu Xiaobo said with a smile.
Looking at him, Xu Liang smiled and nodded.
“You go ahead and do your work first, I’ll think about it first.”
"Okay."
Looking at his back as he turned to leave, Xu Liang narrowed his eyes slightly.
(End of this chapter)