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Chapter 368 Undercurrent

The same Sunday, Los Angeles.

Michael Orwitz finished watching James Rebled's "Today's Show" interview in full at breakfast, and naturally he didn't believe James' ambiguous response at all.

According to recent news, Daenerys Entertainment is preparing to bid for MCA, which is an indisputable fact.

He originally planned to spend time with his family on the weekend, but because "The Hollywood Reporter" suddenly exposed Daenerys Entertainment's acquisition intention and today's "Today's Show" interview, Orwitz had to continue working on the weekend.

From the second half of last year to now, the Caa team has been busy for a whole year for the mca acquisition.

If the acquisition fails, not only will the whole team be busy for a year, but it will also mean tens of millions of dollars in consulting fees, which are not what Orwitz is willing to see.

However, Orwitz also understood that the problems he was facing at this time were very difficult.

During the initial contact with Orwitz last year, Panasonic expressed his willingness to offer a maximum of US$90 for the acquisition of mca. Based on the total share capital of mca, which is equivalent to the total transaction amount of US$9 billion.

However, as the Japanese economy continues to deteriorate over the past six months, Panasonic's attitude has become increasingly conservative. On the other hand, the outbreak of the Kuwait War caused a general decline in the US stock market. At the close of last Friday, MCA's stock price had fallen to $36, and Panasonic was even more unlikely to bid for $90 per share.

The problem now is that the acquisition must be accelerated and Panasonic is urged to further increase its quotation for MCA.

Before eight o'clock in the morning, Michael Orwitz arrived at Caa's headquarters in Century City. Members of the core team of the MCA acquisition case had also arrived. At the same time, there was also Yoko Keiya, the representative of Panasonic, the acquisition case.

The meeting discussing various response strategies lasted all morning, and Orwitz also called Akio Fumii, president of Osaka at noon.

After becoming President of Panasonic in 1986, Akio Koi has always hoped to enter the United States, but before last year, he was suppressed by the conservative founder of Panasonic Konosuke Matsushita.

However, to Orwitz's disappointment, Akio Kikui did not accept his suggestion to raise his quotation per share to $75 to complete the transaction as soon as possible, and did not give up the plan for this acquisition because of Daenerys Entertainment's competition.

After a busy morning, I finally decided to start a new round of negotiations with MCA next Wednesday to further discuss the details of the acquisition.

After lunch, Miko Keiya, the core member of the MCA acquisition team, Michael Orwitz, Bob Goldman, one of the financial director and founder of Caa, and two other executives, Sandy Kliman and Ray Kitzman, returned to the morning meeting room again.

Panasonic's acquisition attitude is not firm enough, which makes everyone feel a little frownful.

Everyone gathered at the conference table and left after the secretary delivered the coffee. Bob Goldman suddenly said: "Many people in Hollywood should not want to see Daenerys Entertainment expand again."

Sandy Kleeman, who helped Orwitz start the agency business in Caa, said: "So what, do you think Warner, Fox, MGM, Columbia will jump out to oppose this acquisition now?

This summer, Daenerys Entertainment's 10 films planned for "Sleeping with the Enemy" and "Swaying the Cradle's Hand" have both succeeded. Not only Fox and Disney have benefited from it, but also companies such as Warner, MGM, Columbia and others have worked closely with Daenerys Entertainment.

Ray Kitzman said at this time: "There are also the failures of Paramount, Rocket Experts and Firebirds. Martin Davis must be very dissatisfied with Westeros."

"It's just that the Paramounts aren't enough," Sandy Kleeman said.

Bob Goldman said at this time: "You are wrong. The one that can prevent a studio from being merged is not necessarily a company in the same industry. I mean, the three major unions in Hollywood."

After Bob Goldman finished speaking, the other three people in the conference room showed a momentary look of surprise.

Daenerys Entertainment had a conflict with the American Screenwriters Union because of that strike two years ago. At present, Simon Westeros continues to suppress celebrity pay through long-term contracts and strictly control the cost of film production on the budget. Although these are beneficial to the development of the studio, they have obviously damaged the interests of the Hollywood Screenwriters Union, directors union and actors union.

What's more, for two consecutive years, Daenerys Entertainment has occupied most of the top ten U.S. box office lists. Such a market share, if MCA is merged again, will obviously constitute a monopoly suspect.

If the three major unions make efforts to file a lawsuit with the Federal Department of Justice at the same time, coupled with the cooperation of Hollywood studios such as Paramount, it would be very likely to stop Daenerys Entertainment's acquisition.

"I remember the proposal of Texas Republican Senator Peter Briggle last Wednesday," Ray Kitzman quickly mentioned another incident, and saw the other three confused eyes, saying, "I'll ask someone to collect a copy of information for you later. In short, the White House should have no good feelings for Westeros now. In this case, the Justice Department may not easily apply for MCA through Daenerys Entertainment."

"And Dustin, Cruise and the others last year."

"Matthew Broderick, do you remember that young man?"

“…”

“…”

The four of them discussed for more than ten minutes. Michael Orwitz quickly made a decision and said, "Bob, you are familiar with Martin Davis. As soon as possible, let's talk to him. Sandy and Ray. You two are responsible for contacting Washington's connections. I will communicate with the three major unions and Dustin in person."

After finalizing these, the four of them quickly began to act separately.

The weekend passed in a blink of an eye.

Monday, September 10.

After the Hollywood Reporter revealed last Saturday that Daenerys Entertainment was interested in acquiring MCA, the Wall Street Journal also exposed the progress of the MCA acquisition case on Monday, saying with confidence that Panasonic's acquisition team will start formal negotiations on Wednesday MCA.

After the news from the Wall Street Journal was exposed, Michael Orwitz called Lou Wassalman directly to the home of Lou Wassalman, accusing the other party of leaking the news and threatening to cancel Wednesday's agenda. Lou Wassalman firmly denied Orwitz's accusations, and after several disputes, the Wednesday meeting will be held as usual.

However, after continuous media reports, the news that Daenerys Entertainment and Panasonic may bid for MCA has been completely put on the table.

On Monday morning, the North American stock market just opened, and MCA's stock price began to rise rapidly.

After a day of trading, as of the afternoon closing, mca's stock price had soared from $36.75 at the opening to $41.25, an increase of 12%. By the close of Wednesday, mca's stock price had risen to $46.75, basically returning to its level before the outbreak of the Kuwait War.

Due to the jet lag on the east and west coasts, when senior executives of Panasonic and MCA ended their negotiations on Wednesday, the East Coast stock market had closed.

Moreover, things also showed signs of a sudden turn.

MCA President Sid Simberg bluntly stated at the press conference after the talks that Song's offer lacks sincerity. MCA's recent stock price has been seriously underestimated due to force majeure. If Panasonic refuses to raise the offer, the transactions between the two parties may be stranded.

At the same time, West German Hindberg also said at the press conference that MCA is a very excellent company and he is very much looking forward to other companies interested in this company.

The purpose of this last statement is obvious.

The media then continued to expose more specific details of the talks.

MCA chairman Sid Himberg expected the price to be $80 per share, but Panasonic was only willing to give a quotation of $60 per share. The gap between the two sides was huge, so the talks ended in a bad mood.

Due to the failure of this talks, mca stock price rise significantly slowed down the next day.

Although it is clear that Panasonic cannot give up the acquisition so easily, and MCA will not easily drive away Panasonic, a competitor that can push up its stock price, many people still turn their attention to Daenerys Entertainment, looking forward to Simon's move.

Escaped from the media's focus on the first week of the Forbes Rich List release, Simon remains in New York this week.

When news of the apparent stalemate came after Panasonic and MCA's first public meeting, Simon completely let go of his mind and waited patiently for the right opportunity. During this period, Janet personally helped him choose and arrange a meal, cocktail party, party and other activities.

It is not possible to quickly accumulate huge wealth, without a corresponding network of personal connections. It is not wise to completely hand over the personal connections to executives of its subsidiary companies to manage them.

Every time Simon goes to Melbourne, Johnston's house will arrange similar activities for Simon to participate. Janet completely inherits the family's vision and skills in network construction. Women can help Simon avoid many useless social engagements by relying on their instincts, and do not need to blindly explore in and out of various circles like many new rich people.

In order to further confuse the media and the public's attention, Simon also participated in a party held by Steve Ross at his home in East Hampton, Long Island.

Immediately afterwards, news appeared in the media that Daenerys Entertainment might seek a merger with Time Warner.

Everyone in the circle knows that Steve Ross is a person with a strong desire for power, and Simon will not let go of control of Daenerys Entertainment, so the possibility of the two companies being merged is very low. However, there are never more people in this world who know the truth.

After the relevant news appeared, Time Warner's stock price also began to rise.

Neither Daenerys Entertainment nor Time Warner clarified this. Simon was trying to confuse the public. Ross hoped that Time Warner would have some positive effects. Even false positive effects could reduce the pressure on the head of Time Warner a lot.

After completing the Time Warner merger case after twists and turns at the beginning of this year, due to internal management struggles, the deterioration of external economic situation, and a sharp increase in corporate debt, the synergistic effect of one plus one greater than two that the parties expected before the merger of Times and Warner Brothers did not appear, and Time Warner's stock price even fell.

Currently, Time Warner's media giant, with a total asset of nearly US$25 billion, has a market value of only more than US$8 billion, but its debt exceeds US$10 billion. Compared with the merger before the merger, Paramount Communications tried to intercept the acquisition case, the offer price of Time Company reached US$10.7 billion.

In recent months, some media have compared the Time Warner merger with the Reynolds Nabeske merger that was the previous year.

To be honest, because the internal situation of Time Warner is too complicated, even if Steve Ross is willing to sell the company, Simon will not make a move easily.

Two weeks after a turbulent disturbance, Simon left New York again on September 17 and flew to San Francisco on the West Coast.

A few days ago, Simon was not aimless to maintain Larry Ellison's control over Oracle as a bargaining chip to exchange for a total of the company's board seats, and Carol Butz, who was in charge of the software business of Egret, was not aimless.

Database software is very widely used on Internet sites. Letting Carol Butz serve as Oracle Director can further strengthen the relationship between Oracle Database Software and Igrit Company's World Wide Web Technology.

On the other hand, Oracle's upcoming layoffs are mainly concentrated in the software sales department. It just so happens that Carol Butz is building Igret's software sales network, which can "nearly" poach a group of available sales department employees from Oracle.

Although Oracle has made major mistakes in sales strategies in the past two years, its rapid growth in performance is undoubtedly due to Oracle's sales team to a large extent.

In addition, Carol Butz was inspired by Simon's memorandum on the concept of "cloud computing" in Igrit's memorandum, and hoped to build Igrit's software department into a one-stop Internet site technology support company based on World Wide Web technology, providing users who want to build a website with a complete set of solutions involving software and hardware, rather than simply selling related software products.

Unlike the original time and space, Egret Company almost monopolized the technical patents related to the World Wide Web at this time.

Although Simon keeps an open attitude as much as possible, considering the explosive growth of websites based on World Wide Web technology in the coming years, Simon realized how huge the Carol Butz’s idea would mean if it was realized.

Moreover, this is definitely not something that the Igrit family can do, and it must be combined with all the new technology enterprise resources under Westeros.

Of course, this plan cannot be achieved overnight.

Simon rushed to San Francisco, and in addition to listening to Carol Butz's business plan, he also had to mediate the dispute between Carol Butz and Jeff Bezos again.

Simon distributed the $50 million in funds injected into Igret last time, which was $35 million to the network department. Carol Butz believes that his software department is the most important at this stage and should be allocated more funds. Therefore, after Simon left last time, he "fighted with Jeff Bezos" and wanted to share the funds equally.

Carol Butts and Jeff Bezos have both very strong personalities. After several months of joining the company, they have unknowingly marginalized the CEO of Tim Berners Lee to the position of chief technology officer.

Tim Berners Lee is a technician who is similar to Apple's founder Steve Wozniak. He found that he really couldn't control his two nominal subordinates, so he simply did not participate in the dispute between them and focused on the research and development of a series of World Wide Web technology projects he was responsible for.

https:

A genius remembers the address of this site in one second:...vertex: m.
Chapter completed!
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