Chapter 301: 2.2 billion to buy American Entertainment Corporation (repair)
Facing the data reported by Abel.
Sally Redstone and her two children were silent. Even Brandon, who was very impulsive in his words just now, now his eyes widened and dared not speak.
And what caused all this.
It is purely because the data Abel just reported was too amazing.
In just half a month.
The other party actually reached 24.7% in Viacom shares. In the higher value of CBS shares, it reached 10.7%.
Although the US stock market is currently on a downward trend, the entire US stock market has evaporated its market value of more than 10 trillion US dollars in just one month.
However, these shares can be acquired at a premium. Even if they are not, based on the current share price. Viacom's 24.7% stake is worth about US$3.7 billion. Including the money paid at a premium, it costs at least US$4 billion.
CBS's shares are more valuable. If 10.7%, CBS's current market value is at least US$2.4 billion, and the price of premium acquisition is at least US$2.6 billion.
Together, the other party paid more than 6.6 billion US dollars.
6.6 billion US dollars!
Almost half of Viacom's market value, even Sally Redstone's father, the grandfather of her two children, and the founder of the media empire, Redstone herself. His net worth is only about 10 billion US dollars, but the other party lost 0.66 Redstone's worth in such a short time.
How could Brandon and Taylor dare to speak loudly in front of Abel?
What was sitting in front of me was not the young stars in Hollywood who could slow them down, but a monster who looked very young but could actually be on par with Buffett or Soros and others.
Don’t look at Brandon and Taylor who usually have five or six people in front of the media, and are called big names in the media industry. In front of a group of Hollywood stars, they are the best. Those Hollywood stars want him to curry favor with them when they see them.
But in front of such monsters, they are not even a small fish, at most they are just a small shrimp!
Nor would they think Abel was bragging.
Because the other party really has the financial resources.
The profit of $7.2 billion in three hours has been confirmed by financial experts on Wall Street!
Even the source of funds, that is, who lost so much money to him, these people have investigated it.
It was published in the Wall Street Journal, and anyone who is interested can see it, and many newspapers and TV stations even made a big splash. Abel's name will not be at a disadvantage even in the lively midterm elections.
It has become one of the two hot news that the people are most concerned about now.
I saw the three people on the opposite side and were silent.
Abel smiled silently.
Sometimes when I think about it, it’s really good to think about it. When there is enough funds, there is no need to make any conspiracy and conspiracy directly, showing that I am just going to acquire you, what do you want to do?
Unless the other party has more money than himself, or is really a solid person, those shareholders are all kind-hearted people who don’t love money.
If this happens.
Abel could only admit that he was unlucky.
Unfortunately, Viacom and CBS shareholders are not such kind-hearted people at all. They also love money. Coupled with the recession of the US stock market since October and the turmoil of the entire world economy, this has fueled the power of Abel's acquisition this time.
Seeing that the stocks are still falling, some people are willing to spend more money to acquire them. These guys who have suffered damage to the funds or those who need to recover their funds as soon as possible generally choose to sell their stocks.
They can sell their stocks and lose less when others pay more.
You can stop losses in time, and rational investors will be willing.
But in fact, Abel himself did not suffer much.
Although it seems that he is acquiring at a premium, he seems to have lost a lot.
But is this really the case?
You must know...
Before he initiated the acquisition, Viacom and CBS's stocks had fallen for half a month. Although the market value did not fall by half, it also fell by more than 40%.
Abel takes action now, even if he considers the premium acquisition, the price he pays is actually only about 70% to 80% of what they are under normal conditions.
When Viacom was at its peak, its market value exceeded US$30 billion. When CBS was at its peak, it exceeded US$50 billion.
This way, it's quite cheap.
Some financial experts have summarized it well, when the financial crisis or stock market crash comes, cash is king at this time!
"alright."
Abel looked at the three people from the silent Thunderstone family. He smiled and said, "It's almost afternoon. I just got off the plane at 11 o'clock and came here without lunch. I hope Ms. Thunderstone, you can give me an answer as soon as possible! I want to fill my stomach!"
Facing his persecution.
Brandon and Taylor looked at their old mother helplessly.
They really don't want their mother and grandfather to have a quarrel. If that happens, the third generation of their Thunderstone East family will be the most seriously injured.
"call……"
Under Abel's gaze, Sally Leistone, who had been quiet and speechless, suddenly sighed deeply. Even though her light blue eyes still looked like a hawk-eyed wolf, suddenly showed a look of revenge.
She said: "Where is the price?"
"Mom! How can you do this?!"
"No! Mother! You can't do this!"
As soon as her voice fell, no one spoke to Abel, Brandon and Taylor exclaimed.
But Sally Raystone didn't even look at them, and his godless light blue eyes only looked at Abel.
Abel showed a smile that made a woman obsessed with it, as bright as the sun.
"2.2 billion US dollars! I am willing to use 2.2 billion US dollars to acquire 20% of the shares of National Entertainment Company in your hands!"
Abel talked freely.
"My left and right hands, my dear Al told me that the market value of National Entertainment Company is about 10 billion US dollars. According to this valuation, the shares in your hands were originally only 2 billion US dollars. But considering the scarcity of these shares, I am willing to pay 2.2 billion US dollars!"
Ten years ago, Sally Redstone hoped that the shares she had could be sold for 1.6 billion US dollars. Including inflation and the changes in the stock prices of Viacom and CBS, the current share is worth 2 billion US dollars, which is actually about the same as her 1.6 billion US dollars back then.
But Abel was very sincere in his premium of 10%, giving him an additional $200 million.
This undoubtedly touched Sally Redstone's heart.
$2.2 billion!
Sally Redstone could not be unhappy because she knew that if her father came to buy it, it would not be more than $2 billion in any case.
It’s not like the young man in front of me, he doesn’t treat money as money!
Even Brandon and Taylor, who had been opposing next to each other, widened their eyes when they heard Abel's offer.
2.2 billion US dollars! Including the 6.6 billion US dollars that originally acquired shares of Viacom and CBS, the combined two have exceeded 8.8 billion US dollars!
Oh my God!
How rich is this guy?!!
Sometimes Abel really doesn't regard money as money. With the smoke of fate, money is really just a number in the investment market.
Not to mention the rare opportunity to earn 7.2 billion US dollars in three hours, the number of use of Fate Smoke alone can bring him at least 200 million US dollars. He is lucky, and sometimes it can even reach 1 billion US dollars.
On the other side of Zhang Xianglin and his elite traders, now they are a little numb to the exaggerated profits every day.
in this case.
When it comes to spending money, Abel is really crueler than anyone else. Because from his perspective, making money is like playing games, and you can do daily tasks every day.
Since spending money can solve all the troubles.
So what else should I consider?
Chapter completed!