Back To 1995

   Chapter 844 Booty

   "US$34 billion, ICQ once again completed a shocking merger!"

   "ICQ and Bronfman Group reached a merger, Universal Pictures and Universal Music switched to ICQ!"

   "The sword refers to the market value of 400 billion US dollars. Wall Street analysts made an estimate of the market value of 400 billion US dollars for ICQ."

   "ICQ's stock price rose 6% that day, and its market value exceeded $380 billion!"

   "On the first day Immelt took office, he completed two transactions totaling nearly 70 billion US dollars, showing the strength of the world's first professional manager."

The New York Times made a frantic call for Immelt, acquired 9% of ICQ's equity from Song Yang, and completed the acquisition of the Bronfman Group. Two major acquisitions in one day, Immelt's ability to control the field, Greatly appreciated by the New York Times, Immelt used two transactions to tell the outside world why he could become the new head of General Electric!

   "Of course, we must not forget that those who made sacrifices for ICQ's major mergers and acquisitions, Mr. Bruno Song has retired to ICQ's third largest shareholder, holding less than 10% of ICQ's shares.

  We have no way to judge the decision made by the richest man, but history has shown time and again that the company that thought it was too expensive to sell will eventually regret it, just like Paul Allen sold Microsoft stock!

Edgar Bronfman Jr. may have made the most correct decision since taking over the Bronfman family. At a media conference, Edgar Bronfman Jr. declared that he would not be satisfied with being the ICQ’s first. Four shareholders! "

The New York Times finally "kindly" praised Song Yang's sacrifice to ICQ, but no matter how you read the report, it was a bit sarcastic, thinking that Song Yang sold it prematurely for the "petty profit" in front of him. The stake in ICQ will definitely be regretted in the future.

The "Wall Street Journal" also praised ICQ's acquisition of Bronfman Group, "America's first major transaction after Christmas, the significance of the acquisition of Bronfman Group, need not be repeated, the completion of this acquisition, It means that ICQ has truly become a giant company spanning the Internet, media, telecommunications, entertainment and many other industries!

   Of course, everything needs to look at the performance of ICQ in the third quarter of this year before making a final conclusion, but Immelt is definitely an excellent strategy master! "

  The Wall Street Journal report did not directly tout it, and threatened to wait for the results to come out before making a conclusion, but still very optimistic about the transaction led by Immelt.

  When the news of ICQ's acquisition of the Bronfman Group came out, major financial, financial, Internet, technology, entertainment and other media began to report overwhelmingly.

  Compared to the past, this time, because Hollywood companies are involved, the entertainment media in Los Angeles has also joined the reporting camp. This time, the news is even bigger than the last big merger!

Many tabloids in Los Angeles actually joined the report. Universal Music is now the world's largest music group, regardless of whether it loses money or not. It owns a large number of top singers. Now these singers and artists follow Western music. Together, we changed the door.

   Various media reports, ICQ and GE stock prices soared, which drove the media and entertainment stocks, which all rose sharply today.

  In the hotel, little Edgar, who had just finished taking a bath, was holding a wine glass, happily flipping through the newspapers brought by his subordinates.

   In the past, little Edgar was unwilling to read these newspapers. As long as the news about him and the Bronfman family was in it, nine times out of ten, it was not good news.

But today is different. Most of the media praise Edgar Jr. and made a wise transaction. They exchanged a 9% stake in ICQ with a declining Bronfman Group, which was losing money. No matter how you look at it, it was a big profit. a sum.

  Especially when reading the comments of the New York Times, little Edgar couldn't help laughing when he saw the sarcastic comments on Song Yang's yin and yang.

After taking a sip of the drink, little Edgar snorted and prepared to get up to go to the evening celebration dinner. Looking back at the photo of Song Yang in the newspaper, little Edgar smiled contemptuously, "It's just the beginning. !"

   After the completion of this merger, ICQ's stock price soared immediately, and the value of the equity held by the Bronfman family also rose by more than one billion dollars, proving that little Edgar was not cheated.

   This also makes Edgar, who has been suppressed for several years, feel like he has removed his shackles and burdens. He has been tricked before, but this time, he has to earn it all back!

   The mobile phone next to him vibrated again, and when Little Edgar saw the old Bronfman on the caller ID, his excitement was instantly extinguished.

Little Edgar knew that old Bronfman was definitely dissatisfied with his decision and had a lot to say to him, but now, little Edgar Bronfman didn't want to listen to those bullshit, he had to wait until ICQ When the market value of the company exceeded 400 billion or even 500 billion US dollars, he returned to Canada in person and proved to old Bronfman who was the right one!

   hung up the phone, little Edgar Bronfman was going to change clothes and attend the evening banquet. There are still several waves of media today who want to interview him.

Edgar Jr. experienced the benefit of having a media empire, that is, being able to whitewash himself. Immelt arranged for ICNC, NBC and other media to conduct an exclusive interview with Jr. Edgar Bronfman, which made people "renew". "Meet little Edgar.

There are several more interviews like this, maybe little Edgar can really be cleaned up. The things he did in the past can be reinterpreted and put the blame on others. Little Edgar is still a wise man. Yes, it's just being deceived...

Welch, who was retired at home, flipped through the reports in his hand and saw that Immelt had used all of his cash flow in exchange for the ICQ equity in Song Yang's hands. Welch frowned and touched the table unconsciously. On the phone, the result was a blank.

   Welch realized that he was no longer in General Electric's headquarters office, but in his own garden.

After hesitating for a while, Welch finally sighed. He felt that Immelt's operation was a bit too risky. Welch knew how much cash flow was in General Electric's account. After this wave, Cash flow is really going to be squandered. Without cash flow, the risk is very great. If you encounter some storms, you may have bad luck.

   Hearing his wife Susan asking him to go to church with him, Welch finally put down the newspaper and went out with Susan, and then a gust of wind blew the newspaper to the ground.

Welch has already retired. If he is still pointing fingers at Immelt at this time, even if Immelt can accept those suggestions, there will inevitably be rumors inside GE, and even Welch is unwilling to really retire. , Welch didn't want those rumors to appear, and finally caused GE infighting. Even if Welch was a little worried, he could only give up in the end.

Any giant company has factions, and GE is no exception. With Welch's retirement, his original confidants have gradually faded out of management. Especially dissatisfied, and even the idea of ​​coming back, that Welch's confidants, as well as the old people of Welch's time, will definitely jump out and fight Immelt, after all, who is willing to give up the power in his hands?

So, even though I was a little worried about Immelt's decision, it felt too radical and risky, but in the end Welch kept his mouth shut and let the GE thing go. No worries for him...

Several companies under the Bronfman Group are also in chaos at this time. Some executives of Universal Pictures and Universal Music are still slightly aware of this merger. As for ordinary employees, they are completely confused, not at all. Knowing what's going on, I saw the headquarters issued an internal announcement, saying that they have changed the big money owner. From now on, they will be an Internet technology company...

  The staff at the Universal Music headquarters saw their boss, the president of Universal Music, Doug Morris, in a hurry, and asked people to prepare a business plane and prepare to go to the new headquarters to meet the big money owner.

   "Damn, that guy Ron Mayer has gone to the banquet!"

Doug Morris, of course, had already heard the wind of the merger, but he didn't expect the speed to be so fast, and he didn't expect that Ron Mayer, the guy who saw the wind and the rudder, ran past so quickly, Xiang Da. The gold master is so diligent that he doesn't even want his face. After all, he is also one of the big figures in Hollywood. Doug Morris feels that his face is still a little thin. No wonder it was not as good as Ron Mayer in Little Edgar. Mixed well under the hand.

   "Eric, it's time for the RICK company to receive the spoils!"

The banquet held by General Electric was very grand. Song Yang looked at Edgar Bronfman Jr., who was being touted by the crowd, raised his glass from a distance, gestured to the other party, and then called to ask the president of RICK, who is also today. Eric of the Underwear Emperor of America, rushed over to Connecticut.

   (end of this chapter)