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Chapter 988: undercurrent

  Listening to Song Yang's words, Jerry Levin still had a calm expression on his face, but his heart couldn't help being a little moved. Who would want to live a life of infamy.

   If he could clear his reputation before retiring, Jerry Levine would absolutely be willing to do it, and he would just sell Time Warner again.

Time Warner's board of directors will not refuse to be acquired. Before selling hundreds of billions of dollars to AOL, Time Warner's former board of directors made a fortune. The current Time Warner board of directors also made a fortune. What can't be justified.

  However, what worries Jerry Levine is that if he sells Time Warner again this time, will he repeat the same mistakes, going first to the wolf's lair and then to the tiger's den?

   "If it is acquired, will Time Warner's brand be retained?!"

After a moment of silence, Jerry Levine asked. He knew that Time Warner would definitely be dismantled when it was in the hands of Song Yang. , what else can't be done.

"certainly!"

  Song Yang gave Jerry Levin a reassurance, but then said, "If the acquisition is completed, AOL Time Warner will be split up, and ICQ, Western Pictures, America Telecom, etc. will jointly receive Time Warner's business!"

  There is nothing to hide. Song Yang is not like Keith. After getting Time Warner, he is still timid and dare not touch Time Warner.

   It’s true that AOL is not very good, it sells dog meat, and does a lot of bad things, but Time Warner is the white lotus? !

If you think about it with your toes, you know it’s impossible. TNT, HBO, CNN, Time Magazine, Warner Pictures and other TV stations and film companies are all making money, but Time Warner always loses money all year round. Under the background, Disney is like a money printing machine.

   Inside Time Warner, there are more or less problems, but only big or small. If Song Yang gets Time Warner, he will definitely make a big move against Time Warner.

   "I need to report this matter to Time Warner's board of directors, but Song, if he wants to acquire Time Warner, he must obtain the approval of the Federal Securities Commission.

   In addition, Time Warner's settlement compensation, debts and other issues must also be resolved, otherwise Time Warner's board of directors will never agree to this acquisition! "

  Who will bear Time Warner's $28 billion in debt and the $3 billion in financial fraud and settlement compensation? This is a big problem.

  Time Warner's board of directors will definitely not agree to pay the money. If they bear it, it would be too uneconomical to sell Time Warner.

   "The boss of the Federal Securities Commission will not block this merger!"

  Song Yang said calmly, making Jerry Levine's eyelids twitch. Jerry Levine could hear the meaning of Song Yang's words. Obviously, the big shot at the Federal Securities Commission had already agreed to Song Yang.

   But thinking of Song Yang, who is one of the big winners in this federal election, the new commander and the Elephant Party will definitely repay the big benefactor. Of course, there will be no objection to this acquisition.

   "The joint acquisition team will provide AOL Time Warner with a suitable purchase price, but what Time Warner needs to undertake must also be undertaken by Time Warner's board of directors!"

  Song Yang also reminded Jerry Levine that the mess of Time Warner today is related to executives like Jerry Levine and the time Warner board of directors.

  If you don’t want to bear any responsibility or loss, leave the mess to the acquirer, and run away with a huge amount of acquisition money, there is no good thing that is so cheap.

Selling himself to the joint acquisition consortium formed by ICQ is indeed a solution to the mess for Time Warner. For Jerry Levine, it is also an opportunity to clean up his reputation and get a huge sum of money by the way. , enough rewards that he could never spend in several lifetimes!

  After staying in the North Shore Manor for an afternoon, Jerry Levine left in a hurry without taking time to eat here. He needed to report this matter to the Time Warner board of directors.

Song Yang took a bite of the steak made by the manor's chef. Song Yang doesn't live long at the North Shore Manor on Long Island, New York, and treats it as a resort, but there are various facilities, including chefs, security guards, gardeners and other personnel. They are all year round.

These personnel alone, together with the annual maintenance, insurance, tax and other expenses of the manor, are not a small sum of money every year. This is why those celebrities can afford luxury houses, but when they are down, the first reason is to sell the real estate , It's too expensive, and I can't afford it at all.

"For this acquisition, ICQ, American Telecom, and Western Films will form an acquisition team to acquire Time Warner. The North American Global Investment Foundation can lend a part of the acquisition team US dollars, and issue bonds for the rest. Fundraising from Wall Street institutions!"

  Song Yang ate a few mouthfuls, padded his belly, and said to Irene, Eiger, and Ted Sarando.

It is true that Song Yang is the major shareholder of companies such as ICQ, American Telecom, and Western Pictures, but it is impossible for Song Yang to say that for this acquisition, tens of billions of dollars of real money will be used to make the bottom, especially when ICQ is still A listed company has more than one shareholder, Song Yang.

   At most, Song Yang pays a part of the dollar, and then buys the bulk of the gold, and has to raise money from the Bank of America and Wall Street.

"For this acquisition, ICQ is the main body of the acquisition, and AOL Time Warner is acquired by means of stock exchange and cash. The total acquisition price, estimated by the financial department, is around 70 billion U.S. dollars. Time Warner completes the acquisition!"

Marcus put down his knife and fork and said, compared with AOL Time Warner's market value of 320 billion US dollars at its peak, the current market value of Time Warner is still around 80 to 90 billion US dollars, and its annual revenue can exceed 400 million US dollars. 100 million US dollars, but the market value and revenue are quite large.

It is impossible to acquire Time Warner with such a high market value, otherwise it would be too much of a loss. Now that AOL Time Warner makes so much a year, it still loses in the end, not to mention the tens of billions of dollars in debt owed. Time Warner looks far less alluring.

   "For the acquisition consultants and public relations, we should ask Deutsche Bank Investment Bank to do it!"

  Greck also said at this time, Deutsche Bank Investment Bank has a lot of money, and Song Yang has been cooperating with Deutsche Bank.

Such a large acquisition not only needs to pass the Federal Securities Commission, but also feeds the Federal Trade Commission and the people on Capitol Hill. The public relations fee must not be less, otherwise the acquisition may be uncertain. It was replaced by charges of suspected monopoly or something.

  Irene responded, "ICQ will pass the resolution to issue a new batch of bonds as soon as possible, and reach a loan agreement with Bank of America and overseas consortiums!"

  When Jerry Levine held the Time Warner board meeting overnight, ICQ, American Telecom, and Western Pictures, etc., also started to work like precision machinery, and people all over the world began to change money.

  AOL Time Warner's vice chairman and largest individual shareholder, CNN

  Ted Turner, the founder of the TV station, was called urgently while watching a sailing competition, and came to the meeting with a stomach full of anger.

Like Jim Clark, this bad old man is also obsessed with sailing, even better than Jim Clark. Jim Clark never gave up his wife for sailing, but Ted Turner did it. The two wives before and after, both Because he was too obsessed with sailing, he was left out in the cold, and finally ended up in a divorce. Ted Turner also bluntly threatened that apart from American knife, his favorite is sailing, and his wife can only be ranked third...

  And tonight, the reason why he gave up watching the sailing competition and came to the meeting was also because of a problem with Meidao.

   "Levin, let me hear some good news today!"

Entering the meeting room, Ted Turner said to Jerry Levine angrily, what made him dissatisfied with Jerry Levine was naturally that he lost money, and the stock price of AOL Time Warner collapsed, making Ted Turner's worth has also shrunk a lot. Fortunately, he has no intention of participating in sailing competitions.

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