America's Road to Fame

Chapter 109 Acquire MGM?
As soon as Lindsay Lohan's words came out, everyone responded.

At this time, everyone except William Chen drank some alcohol, and under the influence of alcohol, they also wanted to go for some activities.

However, William Chen reckoned that the name of the Walton family was also one of the main reasons why they agreed to go. After all, it was not always possible to make friends with such a big family.

In the end, only Scarlett and his wife had something to leave, and the others agreed to go to Rick together.

This situation made William Chen feel a little fascinated by Scarlett, WTF?You took the initiative to bring up this topic, and then in the end, you want to leave again?

In the end, there were seven people who were going to set off together, including Chen William Paris, Britney Spears, Kardashian and her boyfriend, Jessica and Lindsay Lohan.

But except for William Chen, everyone else had already drunk. Fortunately, when William Chen and Paris came over, they brought bodyguards.Therefore, they were still able to drive them to the club under Rick Walton's contract.

After walking out of Lindsay Lohan's house, Paris was a little drunk and leaned against William Chen.

At this time, William Chen no longer cared about the reporters who were squatting here. He helped Paris get into the car, and William Chen was a little helpless. This woman is a representative of people who are addicted to food.

After sitting in the car at this time, Paris closed her eyes and leaned on William Chen's shoulder. William Chen could only stretch out his arms and hug her so that she would not keep shaking with the driving of the vehicle.

"Is Paris all right?"

Sitting on the other side of William Chen was Jessica Alba. She poked her head forward, looked at Paris and asked:

"Would you like to give her some water?"

While talking, he took out a bottle of mineral water from the glove box in front of the car.

"Paris, would you like some water?"

William Chen asked Paris softly, and seeing her nodding her head gently, he said to Jessica:
"Please open the bottle cap, I'll give her something to drink."

Because at this time William Chen held Paris with one arm, and the other hand was not convenient for opening the bottle cap.

Hearing this, Jessica unscrewed the cap of the mineral water bottle in her hand, then turned sideways, and carefully handed it to William Chen.

William Chen raised his other hand and took the mineral water that Jessica handed over.At this time, because the other side was facing him, William Chen felt a soft touch on his arm while receiving the mineral water.

Surprised, he moved his eyes down, and saw the neckline of Jessica's low-cut dress with a deep career line.

Aware of the situation at this time, he quickly turned his arm, put the mouth of the mineral water bottle to Paris's lips, and supported the back of her head with the other hand, and then slowly let her drink the water.

After taking a few sips lightly, Paris didn't want to drink any more, so William Chen handed the mineral water bottle to Jessica and asked her to help cover it. Unintentionally, she felt the softness in her arms again.

Jessica didn't seem to notice it, she screwed the bottle cap tightly and put it back in the glove box.

Then she turned sideways towards William Chen, leaned forward slightly, and looked at Paris with concern.

At this time, Chen Weilian felt that Jessica's arm was pinched from left to right, and surrounded.

Ugh, very bouncy.

At this moment, he smelled the faint scent of perfume and felt that the journey had become shorter.

……

When they arrived at the club, Roger and Rick were already waiting there.

At this time, there were no other customers in the venue. After introducing each other, Roger shouted:
"The carnival has begun!"

Then the rhythmic music sounded, and the coolly dressed female dancer walked onto the dance floor and began to dance to the music.

Infected by this atmosphere, Paris also miraculously woke up. She pulled Britney and Jessica into the dance floor and began to writhe with the rhythm.

Anyway, now that the entire club has been booked out, they can release their energy at will without worrying about being secretly photographed.

"Rick, what Roger said, you are looking for me to say that there is a good investment opportunity, can you talk about it now?"

At this time, William Chen and Rick Walton had already walked to the balcony outside, listening to the faint music and drumbeats coming from the house, in the slight cool breeze, William Chen said to Rick beside him.

Rick took out a pack of Camel cigarettes from his pocket and gestured to William Chen.

Seeing him shaking his head slightly, he took one out of it himself, put it in his mouth, lit it, and took a deep breath.

"William, have you heard? The matter of MGM."

William Chen couldn't help laughing out loud: "Rick, don't tell me that your so-called investment opportunity is MGM. That would be a big trouble, otherwise no one would be willing to take over."

"I know it's complicated. MGM is over $35 billion in debt, and the saddest thing is that they don't have much money to keep going, so they want their creditors to delay their interest payments. "

It seems that Rick did investigate before, and he continued:
"MGM was acquired by an acquisition team led by Sony for US$2005 billion in 30, but at that time they did not use cash for the acquisition, but used stocks, so MGM did not get enough development. Cash replenishes blood, which also makes them deeper and deeper into the predicament."

"Now that Sony has obtained the resources they want, they hope to get rid of the burden of MGM, so they tend to sell the company and will not add any funds to the company."

"But according to my information, among the two parties that are interested in MGM, Universal is willing to make a cash acquisition, but the asking price is only 15 billion US dollars; Lionsgate's asking price is even higher, estimated at 16-18 billion US dollars, However, they are not cash acquisitions, but also need to purchase through stocks, which will not help MGM’s current plight, so they were rejected by MGM’s creditors.”

"MGM's creditors include Carl Icahn, known as the Lone Wolf, who owns 20 percent of MGM's debt and who proposed Lionsgate's acquisition of MGM because he also He is also a major shareholder of Lionsgate Films, but as far as I know, other creditors have persuaded him to veto the plan."

Carl Icahn is very famous and is known as the "barbarian at the gate". Many of his classic achievements are after acquiring a company, he splits it up and sells it for profit, so he is vigilant by many company managers.

"The minimum purchase price that MGM's creditors can accept now is US$20 billion, and it needs to be paid in cash. There's only a bankruptcy reorganization, and that's what the creditors want because they think it's easier to recover their debts in that situation."

Hearing that Rick told him so many insider information, William Chen asked with doubts:
"So, do you mean that you want to buy MGM? Rick, don't be too whimsical. You have to know that movies are not that easy to make. If it were really that simple, MGM wouldn't be in the current predicament. gone."

William Chen shook his head and said, "And I don't see how MGM means much to you."

"Yes, William, I admit that buying MGM doesn't mean much to me, but it doesn't mean much to you."

Rick looked at Chen William who seemed to be unmoved, and said seriously:

"I have studied your investment. MGM has fallen from the eight major companies in Hollywood to the present. The main reason is that he does not have the support of media groups behind him, just like [-]th Century Fox has News Corporation, Paramount has Viacom, Warner merged into Time Warner..."

"And MGM failed to complete this transformation in time, so its ability to resist risks is very low. And you have invested in Internet media, print media, and Netflix. If you add MGM, you can complete a The embryonic form of the entertainment media group, I don't believe you are not tempted."

Hearing Rick's analysis, Chen William said with a smile: "It sounds reasonable, but you have overlooked a problem, Rick, I am not qualified to do that at all."

"The total market capitalization of the companies I'm buying and holding shares in is only a few hundred million U.S. dollars. Don't say that compared with those large media groups that can easily cost tens of billions, even MGM, which is on the verge of bankruptcy, I can only Just take a look, because I don't have any money left."

(End of this chapter)