Daenerys Entertainment and Metropolitan ABC Group were both very quick. Simon and Buffett finalized the price on Saturday afternoon on June 17. The following Sunday, the two companies held several hours of board meetings and successfully passed the vote for the merger case.

The main reason is that the control of both companies is relatively concentrated.

On Daenerys Entertainment, Simon has absolute control over the company. In terms of Metropolitan ABC Group, although Warren Buffett and Tom Murphy's control cannot reach Simon's absolute level, they are almost the same over the years. The so-called board meeting is more just a form.

The next day is June 19th.

on Monday.

As a hot topic destined to ignite public opinion, at the suggestion of the Metropolitan ABC Group, both sides decided to announce the news through the ABC TV network's morning news column "Good Morning America". The broadcast time of "Good Morning America" ​​is from 7 a.m. to 9 a.m., and ABC started from 8 a.m. and opened a 30-minute special report.

Through live broadcast, the special report announced the general plan for Daenerys Entertainment to acquire Metropolitan ABC Group.

Daenerys Entertainment Group will merge the Metropolitan ABC Group in cash and stock. The transaction price of both parties is US$172 per share, equivalent to a market value of US$20.9 billion. At the same time, Daenerys Entertainment will also assume US$3 billion of debts in Metropolitan ABC Group, with a total acquisition amount of approximately US$24 billion.

Not only that, according to the closing price standard of $73.75 at the closing price of Daenerys Entertainment Group last Friday, on the basis of each Daenerys Entertainment stock plus $98.25 in cash for a share of Metropolis ABC Group stock, Metropolis ABC Group shareholders can also freely choose to obtain more cash or stock payment forms.

For the specific exchange ratio, shareholders of Metropolitan ABC Group can register and settle the merger and acquisition case after it has been reviewed by the federal regulatory authorities.

After roughly introducing the overview of this acquisition, Daenerys Entertainment Group CEO Amy Pascal, Robert Iger, president of Daenerys Entertainment who is in charge of television business, Tom Murphy, chairman and CEO of Metropolitan ABC Group, and Warren Buffett, the major shareholder of Metropolitan ABC Group, also visited the studio of "Good Morning America" ​​to elaborate on more in detail on the impact of the merger and acquisition on the two companies and even the entire media industry. He also answered some calls from Wall Street analysts on the spot and responded.

The 30-minute special report has not yet ended, and this sudden industry earthquake has spread throughout the United States.

In the past few months, with the lifting of the media integration ban, the industry has realized that Daenerys Entertainment has a high chance of acquiring a large TV network. However, based on various news circulating before, most people are optimistic that NBC or CBS will become the target of Daenerys Entertainment.

Connecticut, on the manor in the northern suburbs of Greenwich City.

Less than ten minutes after the news on ABC began, Simon had already answered three calls from all parties, two were congratulations from Time Warner Trimmer and MGM Shirley Lansing, and one was a questioning call with CBS Chairman Larry Tisch.

Erin Lauder dressed up carefully and came to Simon's living room. He heard the man leaning on the sofa fighting back with a little unceremonious point.

"Larry, if sincerity, I haven't seen this from you since the beginning. Don't tell me that the news that Daenerys had contacted CBS was an accidental leak, and everyone understands what happened."

I just spent half an hour dressing, and from last night to now, I spent most of my time in warmth. Erin Lauder did not talk about work with men, so I didn't know that Daenerys Entertainment had confirmed the acquisition of ABC. She leaned against Simon and sat down next to Simon. When she turned on the special report on "Good Morning America" ​​on the TV, she finally understood what was going on.

Another big business of tens of billions of dollars.

If this continues, perhaps Simon Westeros will be ruled by America as some media exaggerated.

However, because it was his own man, when I thought of this possibility, Erin Lauder only felt more admiration and admiration in his heart, and women instinctively hoped that his man would be stronger.

Simon and Larry Tiss were perfunctory for a moment and quickly hung up the phone.

Erin Lauder hit Simon with a light in his eyes: "It's amazing, when did you take ABC again?"

"I just got into an agreement with Buffett the day before yesterday."

Simon said, feeling the beautiful smell of a woman on Erin Lauder, and reached out to catch the girl's face that was not pretty but more charming as she looked at. She was about to come up and kiss her, but her phone rang again and answered casually.

This time it was Michael Eisner's call, and I also expressed my congratulations.

Without letting go of the girl's face, Simon rubbed and felt the warmth of his fingertips while talking to Eisner. After a moment, he simply reached out and hugged the girl and hugged her in his arms. After chatting for a while, he hung up the phone, and just lowered his head and kissed the girl in his arms, and the phone rang again.

This occasional little interest in men is also an important reason for Erin Lauder's fall, and she also enjoys this feeling.

The interest was disturbed and suddenly felt a little angry. He stared at his eyes and opened his mouth to bite. Simon had already avoided with a smile, but just filled a finger and came over. Erin Lauder grabbed it and bit it twice before letting him go.

After another call with Jonathan Friedman, Simon pulled Erin Lauder, who was still a little depressed, and stood up: "Let's go, it's time to go to work."

Erin Lauder stood up with the man's strength, his body was a little soft, and his tone was a little coquettish: "Suddenly I don't want to go to work anymore."

Simon was easy to talk and laughed, "No problem, why don't you stay here and rest for a day."

Erin Laudera took one of Simon's hands: "You stay with me."

"This is not possible. I'm very busy today. But maybe I can come here tonight."

Simon was not here, what was the point of staying here? Erin Lauder had to hold the man's arm and walk out.

Just after a few conversations, Simon's cell phone rang again.

On the phone call, the two left the villa, and the helicopter was already waiting on the lawn of the manor.

The man personally helped board the helicopter. The two entered the cabin and sat down. Seeing Simon's assistant and bodyguard also followed in, Erin Lauder no longer had the guilt she had at the beginning. Last month, after some time of consideration, she took the initiative to terminate the engagement with her fiancé.

Now single.

She is only 25 years old. Since she really feels wrong, there is no need to feel wronged.

As for the condition of a guy next to him, it wasn't her turn to pay attention to this matter anyway, and she didn't expect to snatch the man from Janet Westeros. Perhaps, if the relationship lasted for a few years, she might meet another right person and forget him.

The distance from Greenwich to Manhattan is more than 40 kilometers. It took less than fifteen minutes from takeoff to landing, which was customized by Navy One. At around 8:30, the huge Black Hawk helicopter landed on the banks of the Hudson River. Some other helicopters on the surrounding apron were immediately highlighted like children's toys.

Even though he was also from a wealthy family, Erin Lauder could not help but feel a little vain when he got off this Black Hawk helicopter modified from a military UH-60. He asked curiously when he was rushing to Greenwich last night. He learned that such a custom helicopter cost $35 million, which was equivalent to the price of Gulfstream V ultra-long-range business jet, Erin Lauder was a little shocked.

I have been on helicopters many times since I was a child. I probably know that even if the price is slightly more expensive, those small helicopters only cost 30 million US dollars, and 35 million US dollars each, which is simply a burning amount of money. Some guy even ordered four at a time, which is 140 million.

The Lauder family can't afford it anyway.

If you really buy it, you can't afford it.

At the end of April, Estee Lauder went public, and the Lauder family cashed out a total of US$320 million, which is the largest amount of cash the Lauder family has ever seen since its establishment. Moreover, because of some tax avoidance methods, it was attacked by a bunch of media, and even targeted by the IRS and Congress. If she hadn't tried to call him quietly, she would have been almost investigated.

The next day, I received a call from him, saying that it was done.

The final result of the matter is incomplete.

Before the engagement was terminated, Erin Lauder had never talked about this to his family. He was quietly buried in his heart. Occasionally, he felt that he owed him a favor, and then comforted himself. This was what a guy should do, who made him bully him so much.

Simon is going to the East Coast headquarters of Daenerys Entertainment in Greenwich, and Erin Lauder's destination is Estee Lauder Company in Midtown.

The two left the Hudson River and walked together for a while. Simon first got off at Greenwich and asked the driver to take Erin Lauder to the Midtown area.

Entering the office building I bought a few years ago, many executives are already waiting in the conference room. Amy Pascal and Robert Iger, who have just participated in live TV, and several executives from the Metropolitan ABC, also arrived later.

The specific schedule and relevant arrangements for the merger between the two parties will be discussed in the morning.

The merger case is far from settled.

The biggest obstacle is the antitrust review of the Federal Department of Justice. Even if there are no twists and turns, it will take at least one or two months to complete.

Before submitting it to the Ministry of Justice for review, Daenerys also needs to conduct a more in-depth review of the assets and liabilities details and corporate operating conditions of Metropolitan ABC Group. Things were already done before the acquisition, but before the acquisition case was finalized, many internal information of Metropolitan ABC Group will not be opened to Daenerys Entertainment.

In addition, the personnel appointments and other details after the merger of the two parties need to be finalized. In general, this merger and acquisition can be settled before the start of the fall of September, which is a lucky thing. The subsequent specific mergers and integration and even structural adjustments of the two companies will eventually achieve synergies, which will take one or two years to complete.

Simon started his day in Greenwich Village. At 9:30 in the morning, the US stock market had just opened, and the capital market responded directly to the newly published merger case.

Throughout the trading day, the stock price of Metropolitan ABC Group continued to rise. At four o'clock in the afternoon, the company's stock price soared from $145.125 at the close of last Friday to $163.25, a single-day increase of 12.5%.

In normal mergers and acquisitions, the party that initiates the merger and acquisition often falls after the news is made public.

Daenerys Entertainment broke this rule.

While the stock price of Metropolis ABC Group soared, Daenerys Entertainment's stock price also rose from $73.75 last Friday to $76.25 throughout the day on Monday, with a single-day increase of 3.4%, and its market value hit a new high of $161.1 billion. For a large entertainment group with a market value of 100 billion, the seemingly low stock price increase actually means that the market value of Daenerys Entertainment Group increased by $4.9 billion in one day, which is more than twice the growth rate of the single-day market value of Metropolis ABC Group.

Therefore, it can also show that the market is optimistic about the merger of the two companies.

Some people like them and they are worried.

In the entire TV industry sector, except for Metropolitan ABC Group, the stock prices of other companies have been hit to varying degrees on this trading day. CBS, which was rumored a lot a while ago but was suddenly "abandoned" was undoubtedly the most unlucky one.

Due to the leak of mergers and acquisitions some time ago, CBS Group's stock price has risen by more than 30% in recent times. As of last Friday, CBS Group's market value has reached US$8.7 billion.

However, with the news that Daenerys reached a merger agreement with Metropolitan ABC Group in the morning, on the same day, CBS Group's stock price plummeted 17%, and its market value fell directly to US$7.2 billion. CBS Group shareholders lost as much as US$1.5 billion in one day.

This is why Larry Tisch, chairman and major shareholder of CBS Group, was so angry when he called Simon in the morning.

Due to the continuous split in the 1980s, it sold its assets such as Columbia Records and has not developed its own cable TV business in recent years. CBS can be said to be the smallest among the three old TV networks, and its main asset is pure CBS public TV network.

Now, the market value has evaporated by $1.5 billion in one day, and this bad negative impact is even beyond Larry Tisch's expectations.

Based on the 18% stake in the CBS Group by the Tisch family, it is equivalent to losing US$270 million in family wealth in one day.

How can people not feel distressed?

Things are not the end. With the plunge in the stock price of CBS Group, other shareholders of CBS Group, which were previously suppressed by Larry Tie, have also jumped out, accusing them of serious mistakes in the merger and acquisition negotiations between CBS and Daenerys, and some have even begun to demand that Larry Tiech step down.

In a state of turmoil, Larry Tisch publicly stated that he would file a complaint with the US Department of Justice, demanding to stop the merger of Daenerys and Metropolitan ABC on the grounds that the merger of the two companies would cause serious industry monopoly.

Larry Tisch's statement just now was published, and Daenerys immediately took countermeasures, threatening to take back projects such as "The Story of the Emergency Room" that are cooperating with CBS. At that time, he lost "Beverly's Wife" because of the price code that failed to reach an agreement, and made the Wife series bloom outside the walls of Daenerys Entertainment's USA basic cable platform. CBS has already regretted it very much.

If you lose the ratings ace "The Story of the Emergency Room" that just rose last year, CBS's original advantage over ABC will be immediately caught up or even overtaken.

Although he was still stubborn, CBS actually softened immediately.

Simon didn't care much about the attitude of the CBS family, and he was even more worried about the collective rebound of the US media industry.
Chapter completed!