Chapter 572 Exchange of Interests
"Mr. Xu, I heard that Pacific No. 1 Fund is about to raise funds soon?" Jeff Immelt asked.
Xu Liangliang was moved and thought to himself.
Here comes the drama.
All the previous preparations are for now.
"Yes, the fund will be unblocked on December 13, and the new fund will officially start raising funds on January 1, 2004."
"GE is very interested in Hanhua's new fund and plans to invest US$2 billion. I hope Mr. Xu can agree."
After secretly saying 'Sure enough', Xu Liang said with a smile.
“It is also an honor for Hanhua to cooperate with GE. However, the investment applications we have received now have exceeded 100 billion US dollars. In order to take care of as many people as possible, we will adopt a quota system, so 20 US$100 million may not be guaranteed
But I will definitely leave at least US$200 million for GE.”
‘Kacha’ cut off 90% of the area with one stroke. The magnitude was so great that Immelt couldn’t help but frown.
But that’s how negotiations are. If you don’t raise the price first and leave enough room for negotiation, you will only become more passive later on.
Xu Liang’s eyes lit up.
"Mr. Xu, two hundred million US dollars is too little for GE."
He no longer needs to pay attention to MGM's blackmail.
Although GE is remembered by outsiders as a huge international industrial giant, its financial business accounts for more than 30% of the company's total business, involving almost all aspects of the financial industry.
You can also make a lot of money by selling it again.
Two hundred million dollars is indeed a bit less.
"Mr. Xu, if Hanhua is willing to cooperate with us on the Pacific and Qinglong funds, then GE is willing to make certain concessions on the acquisition of Vivendi Global."
But Immelt is obviously not satisfied with $200 million.
Xu Liang smiled and shook his head, "Mr. Immelt, even President George W. Bush, I only gave him a share of 3 billion US dollars. 8 billion, there is no chance."
But Xu Liang It’s not like he opened a charity, but so many people wanted to invest in Hanhua. Of course, priority is given to old customers such as Bill Gates and Merrill Lynch.
"Pacific No. 1 Fund and Qinglong No. 1 Fund are each US$4 billion."
If GE withdraws or the two parties reach an agreement, then Vivendi will have to sit down and be serious even if it is unwilling to do so. talk.
Imelt also knows this number is difficult.
But the key is how much concessions will Immelt make? How many shares does he want to get from the two funds?
After thinking about this clearly, Xu Liang didn’t hesitate anymore.
If its financial business were separated, it would be no worse than financial giants such as Washington Mutual and Wells Fargo.
The situation that has been difficult will also usher in a real turn for the better.
Now the shares of the two funds are very good. If GE gets a share of US$8 billion, even if it can't swallow it, there are many wealthy people in GE's financial sector.
The biggest reason why he has been reluctant to acquire Vivendi Global is that competition from GE has caused the French to raise prices very high.
Even if used as gifts to build relationships, it can also assist the development of other GE businesses.
“How many shares of Hanhua’s two funds does Mr. Immelt want to get?”
“How much can Mr. Xu give?”
“I have one I hope Mr. Immelt will consider it.”
Jeff Immelt made a sign to speak.
Xu Liang organized the language.
“Both GE and Hongmeng are acquiring Vivendi Universal, but not all of Vivendi Global’s assets are suitable for Hongmeng. The only ones we really want to acquire are Vivendi Global Entertainment Group, Universal Music Group and Universal Music Group. Cinema.
10% of the equity of American Network Group and Echo Star Communications Company can be transferred to NBC.
I don’t know if you agree with this plan. ”< br>
"This doesn't seem to be related to the topic we talked about before?"
Imelt said.
He has no objection to Xu Liang’s idea of splitting up Vivendi Global. But in addition to 10% of the shares of American Network Group and Echo Star Communications, he also wants Universal Pictures, the core of the Vidyvan Universal Group.
But he also knew that Hongmeng would not give up.
After all, the whole world knows that they want to acquire the film company, one of the seven giants in Hollywood, and have been wandering between MGM and Universal.
Universal Pictures, or even Vivendi Universal as a whole, is not a necessity for GE.
Even GE’s edge business.
This is also the reason why GE sold the entire NBC Universal to Comcast a few years later. Compared with the media industry, finance is GE's core industry.
“Vivendi Global’s industrial division is the basis for negotiations on the investment amounts of the two Hanhua funds.” Xu Liang said without hesitation.
Seeing how insistent he was, Immelt nodded after hesitating for a moment.
Xu Liang, feeling relieved, continued.
"We jointly negotiated with Vivendi. How much money can GE spend to acquire 10% of the equity of American Network Group and Echo Star Communications Company from Vivendi? Hanhua will give GE as much share as possible. ."
The clear words made Jeff Immelt stunned for a moment and then fell into thinking.
When the American Internet Group was acquired by Vivendi, it cost 10.3 billion.
But its actual value is only about US$4.7 billion. The reason why Vivendi spent such a high price is to increase the success rate of acquisitions and make up for its shortcomings in TV channels.
If GE goes to negotiate, it can control the price of American Internet companies at 4.5 to 5 billion US dollars.
Vivendi spent US$1.5 billion on the 10% stake in Echo Star Communications.
The two assets combined cost approximately US$6 billion.
Although Immelt really wants to get a US$6 billion investment from Hanhua, he does not want to spend so much money to acquire shares in American Network Group and Echo Star Communications.
So, it's a dilemma.
Looking at the young man across from him, Jeff Immelt had a complicated expression. For the first time, he understood how difficult the opponent was.
"Mr. Xu's wisdom is amazing."
"Thank you for the award. I just think this is more in the interests of both of us."
Imelt pondered for a moment. , "It's a very important matter. I need to discuss it with the management before I can make a decision."
"Of course, I'm waiting for your good news."
"You two, now that we've finished talking about the business, can we start dinner? I drank a lot of coffee, and I'm starving now." Lao Gai Ci said in time.
“Okay, let’s have dinner.”
“Xu, Immelt’s manor has the best Angus cattle in North America. The top steaks are disassembled, and every piece is The most perfect Prime level, we can enjoy a good meal today."
"Haha, Bill, the cows in your manor are no worse than mine," Immelt said with a smile.
The grades of American steaks are usually represented by Prime, Choice, Select, etc. Prime is the highest grade, which means that the oil is evenly distributed and the marble texture is clear.
But globally, the standard adopted by most countries is.
First level, filet mignon.
As the meat on the back of the beef, it contains the most fat and gravy, with a fresh and tender taste and delicate meat texture.
Usually divided into five levels: A1, A2, A3, A4, and A5, with A5 being the highest level.
The second level, rib eye steak.
Ribe eye steak is the meat from the rib eye part of the beef. It has a high fat content, soft texture and rich taste.
Usually divided into five levels: B1, B2, B3, B4, and B5, with B5 being the highest level.
The third level is sirloin steak.
Sirloin steak is the meat from the outer spine of the beef. It contains more fat and fascia. It has a tough texture and chewy texture.
It is usually divided into five levels: C1, C2, C3, C4, and C5, with C5 being the highest level.
The fourth level is T-bone steak.
T-bone steak is a piece of bone at the junction of the meat on the back of the beef and the ribs. The meat is tender and has a soft texture.
Usually divided into four levels: T1, T2, T3, and T4, with T4 being the highest level.
Of course this is a US distribution.
Australian steaks are not so complicated and are usually divided into six grades: M5, M6, M7, M8 and M9, with M9 being the highest grade.
The Japanese ones are A, B, C, D and so on.
But everything remains the same, and the best things are always delicious.
After enjoying a sumptuous dinner at Immelt Manor, Xu Liang said goodbye and left.
Old Gates naturally went with him.
(End of this chapter)