Hollywood New Century

Chapter 336: greedy man

In California, Simon came to his luxurious hilltop villa in Santa Barbara, with Martha Cosby and Laura Collins and three assistants, Katherine Hills.

Simone was in Santa Barbara to host Warren Buffett, after all Berkshire Hathaway is also a shareholder of GE and, in Warren Buffett's name, has a lot of weight on GE's board.

"Simon, I thought you were coming to meet me in Beverly Hills or the Bel Air area of ​​Los Angeles," Warren Buffett stood with Simon on the grass outside the estate,

“The view here is really nice!”

"I bought it here before, and I often come here to live for a few days. Compared with Beverly Hills, it is much quieter here." Simon's manor has 16 acres of land, with trees and grasses.

"Mr. Buffett, why don't we go into the house, the temperature is not high right now," Simon suggested. After all, Buffett is 80 now, and Santa Barbara is no better than Los Angeles, and the current temperature is less than 10 degrees Celsius.

"Oh, well, I remember when I just visited there was a house with a closet in it, why don't we go over there and talk," Warren Buffett also suggested.

Simon nodded with a smile. This manor occupies a large area, and the house with a closet is a house near the main building.

Since Warren Buffett came, the two seemed to be talking about topics such as weather and scenery. The purpose of this meeting was clear to both of them, but they never got into the real theme.

As the closet in the house ignited, Simon placed a few pieces of wood and watched the flames begin to burn slowly.

Back on the chair in front of the closet, Buffett next to him picked up a can of Diet Coke and took a sip.

"Simon, you don't like Coke?" Buffett laughed.

Simon shook his head. He had long heard that Buffett had a soft spot for Coke, but he never thought that he could still drink Coke at will.

"I never drink this kind of thing," Simon smiled. Berkshire Hathaway is a major shareholder of Coca-Cola. Buffett likes to drink Coke, and it seems that there is no problem.

Shares of Berkshire Hathaway are now at just over $100,000 a share, with a wave of gains expected soon as the economy recovers. Simon's Nine Heads Capital owns more than 4,000 Berkshire Hathaway shares, nearly 2,000 of which belong to Simon personally.

"Now that people are old and are often inferior to you young people, who would have thought that in just five years you made yourself one of the 100 richest people in the world," Berkshire Haza Wei said with a smile that Nine-headed Bird Capital's work on Wall Street was truly amazing.

"Mr. Buffett, at present my important business is still on the Hollywood side. Xinghai Entertainment is my foundation, and the acquisition of NBC Universal is an important part of the company. I believe that under my leadership, Universal will soon get out of the predicament. You should Trust me," Simon got into the subject.

"I know that the people at Blackstone have already lobbied our shareholders, and now the focus is on Doncaster, which has strong cash flow and exchangeable TV station equity, and Doncaster is also fighting for it. It is only controlling NBC Universal, and GE will still own a lot of shares in the future,” Warren Buffett explained, after all, Xinghai Entertainment does have a lot of cash flow, but if you want to acquire NBC Universal, you must borrow a lot. At that time, the group's debt will be very high.

Simon smiled and said: "The acquisition of NBC Universal by Xinghai Entertainment is also for GE to get rid of this burden. Now Universal Pictures is at the bottom of the list, and it depends on the income of NBC TV!"

"Our Xinghai Entertainment's achievements are obvious to all. In Hollywood, it is difficult to have a film company that can compete with me in the future. Our online streaming media layout is also the future direction. I am very confident;"

"As for Doncaster, it is really big. Network operation and cable TV operation are their main business. If they want to expand with Hollywood content, not everyone can succeed."

Warren Buffett understands that the two companies have their own advantages and disadvantages. From Buffett's own perspective, of course, he is optimistic about Xinghai Entertainment. After all, Buffett, who has always been good at long-term investment, can see the development prospects of Xinghai Entertainment.

What Warren Buffett struggles with is that Simon Pike has given up too little interest, and that the proportion of NBC Universal's equity replaced by Xinghai Entertainment's equity is too low. Coupled with cash and the high valuation of Xinghai Entertainment, shareholders have too little shares in the new company in the future.

"Simon, tell me about your bottom line, no matter what the future is, you must be the one who decides. I still have a certain amount of energy in the General Electric shareholders meeting, but you also need to give up enough benefits to impress them," Warren said. Buffett frowned.

"The bottom line? In the future, I need to have absolute control in the new Xinghai Entertainment. The market value of NBC Universal can be calculated at US$30 billion, I can raise US$15 billion in cash, and the rest can be exchanged for equity!" Simon said seriously.

"I need you to promise to go public within a year of the acquisition!" Warren Buffett added.

Simon looked at Warren Buffett, thought about it, and said: "If I successfully acquire NBC Universal in the middle of this year, I can guarantee that it will go public by the end of next year,"

"And, I want the full NBC Universal property!"

In the evening, Simon sent away Warren Buffett and his party. In order to persuade Buffett, he also gave up the pre-emptive rights of Xinghai shares in the future of 700 million US dollars to Berkshire Hathaway.

"Greed!" Simon said after watching Warren Buffett leave.

"Can Mr. Buffett guarantee our acquisition will be successful?" asked Martha Cosby.

"Hehe, if Doncaster offers better conditions, he will immediately abandon us and inform the team at Blackstone to speed up the pace of acquisitions. I will raise $15 billion in cash flow in May. The equity replacement ratio can be given to 2.75:1, and at the same time, Nancy is notified that all short positions in the euro will be cleared after April. "Simon is also a rich and not afraid of things. If NBC Universal does not agree by then, Then don't blame yourself for knocking them all down.

“In April, will the euro be at its lowest against the dollar by then?” Martha Cosby wondered.

"It's almost there. It's enough time to drop to the zero point in a few months. Whether it's the lowest is not so important. In short, it's time to pull out the funds for acquisition." Simon shook his head, remembering that it was April or May anyway. ,

"Notify them that we'll be back in Los Angeles tomorrow morning."

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