Chapter 146: Can't Slow Down(2/2)
The two sat down and ordered food. Terry Semel asked Simon with a smile: "I heard that you gave up the acquisition of New World Entertainment?"
Simon nodded with a helpless expression and said with a wry smile: "Yes, they have to slaughter the fat sheep. A group of people have speculated the stock price until I can't afford it at all, so I have to let it go."
Today is already January 20th, Wednesday.
Over in New York, Westeros Company had already liquidated New World Entertainment's stocks yesterday. However, perhaps those investors on Wall Street who had heard of the news still expected Simon to fight back. Therefore, at the close of yesterday, New World Entertainment's stock price remained at
The high of 11.5 US dollars is far higher than the 7.5 US dollars before the news was made public.
After a short half-month operation and selling all the stocks, Westeros Company made more than 11 million US dollars, which was not in vain.
New World Entertainment's attempt to formally launch acquisition negotiations with Westeros Company failed. Larry Cupping learned that Simon had liquidated all his stocks. In an interview with a newspaper yesterday afternoon, he threatened to sue Westeros Company for malicious manipulation.
Regarding New World Entertainment stocks, this matter has not yet been resolved.
In any case, Simon will definitely not give up New World Entertainment, at least Marvel in the hands of New World Entertainment.
However, Simon does not plan to take action again in the short term.
Compared with its tepid film division, New World Entertainment's main profitable business is television program production.
However, what followed soon was the longest general strike in Hollywood history. Hollywood film companies often stockpile a large number of scripts and will not be too seriously affected by the strike. Because TV dramas are usually produced while writing scripts
, the situation of the television industry will be very bleak.
Once the strike continues, even if the funding problem can be solved and there is a lack of screenwriters, New World Entertainment's television production department will definitely come to a standstill, causing the company's operating conditions to further deteriorate.
therefore.
Chapter completed!