Chapter 300: Attacking Viacom, CBS
Summer Redstone, the lord of Viacom, the founder and owner of a media empire.
He has a wealth of nearly $10 billion.
He is 95 years old this year.
He is old.
And his daughter.
Sally Redstone is 65 years old this year. He can be considered an old man.
And ten years ago.
A feud between the two parties that could be filmed into a TV series occurred.
In 2003, Lei Shidong and his son had a fall in love with him and had a lawsuit from the rich that the audience enjoyed.
Fight to the death for huge fortunes.
Finally, the scheming creator of the empire, Summer Redstone won the victory. His son was kicked out of the Viacom group and received only some compensation for his property.
2004.
Sally Redstone was regarded as the heir and served as the CEO of the National Entertainment Corporation, a privately owned family owned theater chain, and, extremely importantly, it is the major shareholder of two listed companies, Viacom and CBS. As vice-chairmen of these two companies, Sally was once expected to inherit his father as chairman.
Even during that honeymoon period, Sally Redstone was very sweetly declared in the media: My daughter is a great business woman.
At that time, everyone outside, including Viacom and CBS, thought Sally Redstone was his future helm.
The good times did not last long.
The honeymoon period between father and daughter lasted less than three years, and they began to clash, and it seemed that they were irreconcilable.
The cause of this father-daughter conflict is not clear and may be multifaceted, but it seems to be centered around the following issues: Sally Redstone will have to be recognized by other directors before she can inherit the chairmanship position. During her time as vice chairman, Sally Redstone tried to link her father's compensation to the stock prices of those companies.
There are other issues in other aspects.
Anyway, the new official took office for three fires, but the fire burned on her old father. The old father got angry and got angry, and then the new official discovered:
In the field she is responsible for, there is no place where she can be out of control of her father.
Meanwhile, details about the escalating conflict between Redstone and Sari began to be leaked in the media.
The old father eventually became furious and drove his daughter out of his media empire. Even very straightforward, he made a series of cuts with his daughter.
Redstone wanted to buy out her daughter's 20% stake in the National Entertainment Company and completely drive Sally Redstone out.
But Sally Redstone offered $1.6 billion at the time; Redstone said it would only offer a "reasonable" price.
My daughter needs a lot of money before she is willing to leave. The old father, who regards money as his life, is unwilling to give her so much money.
The two sides have been arguing for ten years.
Until now.
If Abel did not appear, their relationship might eventually be eased by the aging of Thunderstone.
At that time, Viacom and Columbia Radio and Television might be able to be controlled by the Redstone family.
But Abel appears now.
Moreover, the momentum is so powerful that the malicious acquisition practices are launched at the beginning, making the future of Viacom and Columbia Radio and Television, which are already in danger, even more confusing and unpredictable.
After Lei Shidong refused to compromise.
On the one hand, Abel allowed Oasis Investment to continue to acquire shares of Viacom and CBS in the market.
While through some public opinion media, I hope to attract attention and make others realize that Lei Shidong actually only occupies small stocks of the two companies, but has more than 70% of their control.
This is not reliable!
On the other hand, after John Mellon prompted, he secretly went to Chen Cang's operation.
He went around Redstone and found Sally Redstone, who had always been in disagreement with Redstone, and wanted to acquire the stock of the crucial National Entertainment Company from the former vice chairman of the Viacom board of directors.
Beverly Hills.
Inside Sally Redstone's home.
Accompanied by Alftley and Rana, Abel met Redstone's daughter, Sally Redstone, a 65-year-old woman.
From the face of Sally Lei Shidong, you can see that he must be a father-daughter relationship with Lei Shidong. The two look very similar, both have the same eyes, the same blonde hair, and the same high bones. Judging from their appearance, they know that they are not a good match.
"Hello, Ms. Sally." After meeting, after a brief greeting and introducing each other's identities.
Abel straight to the point.
"I want 20% of the National Entertainment Company stocks you have. Let's make a price!"
Sally Redstone was stunned.
She didn't expect Abel to be so direct. As usual, shouldn't she talk about the weather in Los Angeles today, or some interesting news about other places, and then talk about these things?
Standing behind her were her daughter and son, Lei Shidong's grandchildren.
The brother and sister looked angry.
They absolutely do not want to see their mother and grandfather fall in love. If they get along, it is hard to say about family affection, and their interests will definitely be damaged.
Originally they could have inherited part of Lei Shidong's inheritance, but now if Sally Lei Shidong sells all the stocks in her hand, if Lei Shidong gets angry and takes his anger on them, he won't give them the property, it will be troublesome.
Brandon Kolfe, the grandson of Redstone, whispered: "Sir, my mother won't sell it! Right? My dear mother!"
Taylor Colf, Redstone's granddaughter, also looked at her mother with a pleading look.
Looking at their dying struggle, Abel smiled at Sally Thunderstone and said, "I don't know if they can affect your decision. But before you make a decision, there are some things I want you to know."
Bang!
Abel snapped his fingers.
Alvertley handed over a document in his hand.
Abel opened the document.
In the curious eyes of Sally Redstone, mother and son, whispering the contents on the file:
"As of November 2, 2018, at 13:05 pm. Well, that is, now. Oasis Investment holds a total of 21.6% of Viacom shares, while Abel Sefrosa personally holds 3.1% of Viacom shares, and the two add up to 24.7%!"
"As the same as it is so far, Oasis Investment holds 7.5% of CBS, and Abel Sefrosa holds 3.2% of CBS in her personal capacity. The sum of the two exceeds 10.7%!"
"Oasis Investment's next plan is to hold more than 51% of Viacom's shares...even if it is acquired at a premium!"
"CBS is the same! Even if it is a premium acquisition!"
Bang!
Chapter completed!