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Chapter 561: $80 billion in a big deal

If Abel's acquisition of part of Viacom's shares and New Paramount was proof that he wanted to enter the media industry at the beginning.

Then the news brought by David Adams that the opportunity to intervene in the deal between Disney and 21st Century Fox is a very attractive opportunity for him.

21st Century Fox.

Originally belonged to News Corp. But Murdoch was not a Jew or a local American. In 2013, his News Corp was jointly forced by oligarchs from the Jewish media group and those oligarchs from the local media group.

Had to be in 2013.

Split the current 21st Century Fox from News Corp.

On the surface, it was in 2013. Rupert Murdoch was under pressure from investors and split his nearly 60-year-old publishing business from the News Corp Empire.

The old News Corp was split into the new News Corp and Twenty-first Century Fox.

The new 21st Century Fox includes almost all the entertainment departments of the old News Corp. and some media broadcasting systems.

On July 27, 2018, shareholders of 21st Century Fox and Disney approved Disney's acquisition of 21st Century Fox, and shareholders of the two companies began their deal.

After Elizabeth Holmes left, Abel welcomed an uninvited guest in his office.

The uninvited guest is Peter Rice, the executive president of 21st Century Fox. He was brought by David Adams, and Abel met him in the office.

"Welcome. Mr. Rice." Abel stood up and extended his hand to the senior management talent who held one of the world's most powerful media groups.

Peter Rice also quickly reached out, "I am happy to see you. Mr. Seifrosa."

The two sides had a common polite business greeting, and then they sat down according to their primary and secondary seats. Then David Adams began to intervene:

"Abel, and Peter. I think everyone knows why we all sit here. There is no need to talk about the red tape, so I will just go straight to the point."

David Adams looked at Peter Rice and saw the other party nodding slightly. Then he looked at Abel again, and Abel smiled and signaled to him.

After seeing that neither of them had any objections, he simply said: "The negotiation deal between Disney and 21st Century Fox was in trouble. Although both parties were very sincere, one wanted to buy and the other was willing to sell. However, there were some difficulties in price and transaction methods. I believe that Mr. Peter Rice, you should be the clearest about this."

Peter Rice nodded silently.

Today he represents the many shareholders behind 21st Century Fox. Originally, Disney acquired 21st Century Fox, although there would be some surprises due to the price and transaction methods. However, under the premise that both parties are very interesting, it can definitely be completed according to the normal process.

But halfway through their relationship, the Sefrosa Adams family appeared and let many shareholders of 21st Century Fox know about it. The richest man in the world who created hundreds of billions of dollars in just a few months showed great interest in 21st Century Fox.

Originally, this was revealed to these shareholders by the Adams family, and the shareholders were skeptical. Although they also vaguely knew the relationship between the Adams family and Abel, this was not what Abel himself expressed to them personally.

They still have doubts.

But the people from the Adams family said: If Abel Sefrosa was not interested in the media group, how could she want to eat Viacom? How could she ask for a Paramount Company at sunset?

Abel once acquired Viacom, and had the means to get the New Paramount Company and had the determination to make the shareholders behind these 21st Century Fox believe this statement from the Adams family.

Then, with the matchmaking of the Adams family, the shareholders sent Peter Rice to find Abel.

As for why the Adams family was so enthusiastic that they wanted Abel to acquire 21st Century Fox. The reason is actually easy to understand. In today's Internet world, the propaganda mouthpiece of the media group is almost the most powerful killer in various political struggles, the same method, in addition to the ultimate means of force.

Why can the Jewish Group control part of the power of America and let America take care of the Lion Kingdom surrounded by camels? It is because the Jewish Group controls almost 60% of the media groups and many parts of the finance department.

There are both future considerations and ready-made examples. When the Adams family cannot control the media group, they of course hope that their "son-in-law" can own a media group. This can also be regarded as the Adams family indirectly controlling such a propaganda mouthpiece.

This is why the Adams family is so enthusiastic in this world.

After listening to David Adams' description.

And Peter Rice's reaction.

Abel asked with interest: "Can you tell me why Disney encountered difficulties in acquiring 21st Century Fox? Is it because the price given by Disney is too low, or because the transaction method given does not meet Fox's ideas."

David Adams waved his hand.

"This is what Mr. Peter Rice has to say," he said.

"Can you tell me something? Mr. Peter Rice." Abel asked politely.

Since Peter Rice is here today, it means that at least more than half of the shareholders are interested in trading with Abel. Now that the buyer asks this, Peter Rice must explain.

"As Mr. David Adams said, there are only two reasons for making it difficult for this transaction. One is the price and the other is the way of trading."

Peter Rice said slowly, her voice was hoarse and contagious. Such a voice could easily become a person who led others. Perhaps it was because of this ability that he could firmly hold on to the identity of President of 21st Century Fox.

"In terms of price, the 21st Century Fox hopes to be between US$75 billion and US$80 billion. Although there is a certain premium, we unanimously believe that the 21st Century Fox is worth the price!"

"In terms of trading methods, 21st Century Fox hopes to exchange Disney's preferred stock, or cash."

"These two issues. First, in terms of price, Disney is only willing to pay between $65 billion and $70 billion. Because the price of 21st Century Fox stock is only worth so much in the market. Then there is the trading method, Disney is willing to issue special stocks, but is unwilling to exchange preferred stocks. They are preparing to swallow Fox with half of cash and half of Disney's common stock."

Peter Les explained briefly that this time, it was obvious that the two parties had a crush on each other. Why did Disney acquire 21st Century Fox still have a stalemate for such a long time?

A simple summary is.

The price cannot be negotiated.

One wants cash, and the asking price is a bit high. The other is only willing to give a premium of about 10% of the market, and there is no way to give all of it.

After all, there are not many companies in the world who can afford to make so much money at one time with 60 to 70 billion US dollars in cash. Even Apple, which has the strongest cash flow, wants to make so much cash at one time, will cause problems in their company's cash flow.

Except for the state and banks.

There are not many forces or companies with such terrible cash flow.

But just opposite Peter Rice, there was a person with such ability sitting. It was precisely for this reason that Peter Rice appeared here.

After saying so much.

Peter Rice spoke directly to Abel: "Mr. Sefrosa. We know you may be interested in 21st Century Fox. Shareholders asked me to come and ask you, how much is the price you are going to pay for 21st Century Fox?"

Facing Peter Rice's inquiry.

Abel did not answer directly.

He silently opened the computer in front of him, turned on Bloomberg, and checked the current market value of 21st Century Fox.

As of today, November 22, 2018 at 14:58 pm.

The market value of Twenty-first Century Fox: US$67.1985 billion.

After checking this data clearly.

Abel said a number directly: "80 billion US dollars! Cash!"

This answer made Peter Rice and David Adams on the opposite side a little overreact.

David Adams' eyebrows leaped straight.

80 billion US dollars! Still cash! In addition to countries, there are also major banks in the world. There are only a few guys who have such a magnanimity and dare to directly quote such a price. Even if there are a few, many people will think that this guy is crazy.

But the guy in front of him could report such a number, and it would not make people feel that he was crazy about gaining and losing. Because he does have such strength and can give out such a large amount of money, or even cash.

David Adams couldn't help but smile bitterly.

Peter Rice was blocked in the air. He originally wanted to bargain with Abel, because although the price he just quoted was US$75 billion to US$80 billion, the ideal price for the shareholders of 21st Century Fox is about US$72 billion to US$75 billion. And it is impossible that all of them are cash, after all, cash flow is of great effect in the development of the enterprise.

Unexpectedly, Abel did not follow the norm.

After directly reporting such an amazing number, he almost immediately wanted to make a decision on behalf of the shareholders of 21st Century Fox.

But he knew he did not have such rights.

I had to stand up excitedly.

"I will do my best to make you successfully acquire the 21st Century Fox. Dear Mr. Sefrosa!" Peter Rice said excitedly.

"Hmm." Abel nodded reservedly.

"Please allow me to leave temporarily. I will announce this good news to the shareholders. I believe the transaction will be concluded soon!" Peter Rice said with certainty.

"Hmm." Abel nodded with a reserved look again.

Peter Rice immediately sued and left.

He was very excited. Because if 21st Century Fox could sell so much more money, not to mention the bonus. It would be of course very helpful to his resume and reputation.

pity.

Although as the elite among human beings, Peter Rice sometimes underestimates human greed.

After Peter Rice left.

David Adams spoke helplessly: "Boss. Although I know you have money and have made a lot of money recently. But I have to explain to you that although the 21 Fox is really good, it is not worth 80 billion US dollars at all, not to mention that it is precious cash..."

Faced with David Adams' dissuasion, Abel shook his head with a smile.

"David. Do you think this is over? Do I really need to spend $80 billion to buy 21st Century Fox? Will the shareholders of 21st Century Fox immediately agree to sell 21st Century Fox to me?"

"Haha... Although my business ability is not very good, I can even know that things will not be that simple."

Although he complained about his boss about his lack of business ability, he felt that this was the most ridiculous joke in the world. If he really lacked business ability, where did his current worth of hundreds of billions of dollars? Was it God gave it to him? Then why did God give it to him, a mixed-race child?!

David Adams complained in his heart.

But there was still some disbelief in his mouth: "Do those guys still think that this money is not enough? It's impossible! 80 billion US dollars, or cash! What else do they want?"

"When there is a profit, anyone who doesn't want to get more. Then wait and see."
Chapter completed!
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