America's Road to Fame

Chapter 145 Begin the Acquisition

The next day, William Chen met the people sent by Goldman Sachs to connect the two businesses. Fortunately, they were two partners, not VP.

VP is commonly known as vice president. This title sounds bluffing, but in American investment banks, VP is not a senior position. It can be said that there are as many as dogs. Goldman Sachs alone has more than 12000 vice presidents around the world.

To put it bluntly, their vice presidents are equivalent to senior salesmen, but these vice presidents of Goldman Sachs often need to negotiate with the senior management of some companies. It is far inferior to Goldman Sachs, but that is not the case. In addition, you are a salesman doing business for me, why is the fee so high?

Well, we are not called salesmen, we are called VP, that is, vice president, how about it, I will take a vice president to talk to you about business, do you feel comfortable with a higher fee?
It’s like when an American investment bank first entered Huaguo, they were discussing business with the four major banks. They saw that Goldman Sachs had a VP, so well, let’s also ask our vice president-level personnel to receive it... But I came back later. After the taste came, I understood what was going on.

As for the two people who came here today, one is Aaron Cobbs, who is in charge of fund custody; the other is Camilo Hagen, who is in charge of acquisitions.

Aaron Cobbs directly connected with John Paulson, discussed with him the expansion of the No. 3 Fund, continued to absorb funds, and will introduce powerful investors to him.

After Camillo Hagen explained to William Chen the situation of Marvel that he had investigated so far, he also put into work and started to organize a team to represent William Chen and contact the shareholders and management of Marvel.

According to him, because many shareholders of Marvel are clients of Goldman Sachs, Goldman Sachs still has a good understanding of their financial situation. After the outbreak of the subprime mortgage crisis, the destructive power is now increasing, and many of them are There have been huge losses, so if they can sell their shares in Marvel, which does not see any hope of improvement at this time, in exchange for funds to save their other assets, they are still very happy.

As for the purchase price, Camillo Hagen believes that although William Chen invested in Marvel before, its valuation could reach 25 billion US dollars, but the situation is different now, and the economic situation in the entire United States is not good. , and most importantly, Marvel still has a lot of foreign debts in various banks, and now they want to continue financing, it is not so easy.

Moreover, their two films have just been approved, and they have no effect at all, but they need continuous investment. This is a very pessimistic thing in the current economic situation.

Therefore, to sum it up, $20 billion is a relatively appropriate price for the acquisition of Marvel, and it can't be much lower. After all, Marvel is different from other companies whose stock prices have plummeted.For other companies, during the real estate boom period, the stock price has been rising to a relatively high position, and there will be a huge decline on this basis.

And Marvel has been in a trough these years. It can be said that the valuation has already been compressed in a very low range. Even if the price can be lowered now, it will not be too much. After all, those shareholders are not fools. , it’s all at this price, if you still don’t buy it, then just leave it alone.

Therefore, considering that there may be other competitors, such as Disney, whose strength is not seriously damaged at this time, if he pushes too hard, there is no guarantee that Marvel will not sell himself to them after the other party sends an olive branch, so William Chen agreed. Use their plan to make acquisitions.

Of course, an acquisition involving such a large amount of money will definitely not be completed in a short while. Although Marvel has not yet been listed, its shareholders, management and creditors are very complicated, and it takes Goldman Sachs to spend time. persuade.

……

After this, a phone call from his uncle John Drey, Chen William went to Washington.

Earlier today, John Paulson sent a letter to the investors of the No. 3 Fund. In the letter, he disclosed that so far, due to the correct direction of the No. 3 Fund, preliminary calculations show that the fund’s profit has exceeded 400%...

After reading this letter, John Dray also called to inquire about William Chen's fund, and then asked him to come to Washington, where his grandfather, George Dray, wanted to see him.

This is also the first time William Chen saw his grandfather, who is the whip of the donkey party, after he came to this world.

Since becoming the whip of the Donkey Party, his grandfather has often lived near Capitol Hill. After having dinner with his grandfather and his uncle's family at his grandfather's house, William Chen followed his grandfather into the study.

The conversation between the two lasted for a long time, and William Chen also got a lot of advice from George Drey and answered some of his questions.

The matter concerning the subprime mortgage crisis was the focus of the discussion between the two of them. Through this conversation, he also understood more things that he needed to pay attention to in this crisis.

William Chen could feel that the Dre family, including grandfather and uncle, were very satisfied with his recent performance.

After this conversation with George Drey, William Chen did not return to New York, but came directly to Silicon Valley.

"William, long time no see. I also use your HOLA. It's a very good software."

In a coffee shop, William Chen met the target of this visit, Yahoo founder Yang Zhiyuan. As soon as he met, he praised William Chen's chat software.

"It's just a gadget, and it's incomparable to your achievements. Jerry, there are two main reasons for meeting you this time."

Hearing what William Chen said, Yang Zhiyuan showed some interest on his face, and asked, "Is HOLA ready to accept investment?"

It seems that he really pays attention to HOLA, which is also understandable. After all, this chat software for mobile terminals may be the most dazzling project in Silicon Valley during this period of time. After all, in such a short period of time, The number of registered people exceeds 1000 million, and it is increasing rapidly every day. It can indeed be said to be a phenomenal product.

"That's not true, Jerry. You should know the situation in Silicon Valley recently. With the deterioration of the economy, the unemployment rate is getting higher and higher. In Silicon Valley, the first to bear the brunt are Asian engineers, including Chinese, Indian and others. Asians are not in a good place."

Hearing this, Yang Zhiyuan frowned slightly, and said helplessly: "Yes, it is indeed the case. The general environment is such that even Yahoo is preparing to lay off employees. Now for companies in Silicon Valley, the only way to survive is to survive." is the most important."

"I also have Chinese blood, Jerry, so I think that since I have the ability, it is necessary to do something in it to help these people. And you have a lot of influence among Asians, so hopefully we can Let's do something together."

William Chen said to Yang Zhiyuan seriously.

"Oh? What do you think, William." Yang Zhiyuan asked with great interest.

"I hope that you, Jerry, can take the lead, and together with some other influential friends in Asians, we can build a charitable organization for minorities, especially Asians, to help those who are in trouble, and to fund their education. Overcome difficulties, or provide them with other help. Besides you, I am also planning to contact Ms. Deng Wendi to join this charity organization, but you are the most influential person in it, so I hope this organization can be run by you Come take the lead."

"Well, this matter is indeed very meaningful, and I am very willing to do my part. How about this? Recently, I will contact other famous people of Asian descent I know to organize together and make this matter happen."

Yang Zhiyuan also agreed with Chen William's statement very much, so he readily agreed.

This is also one of the harvest William Chen got from talking with his grandfather George Drey this time, that is, in the United States, the higher your reputation, the safer you are.

Chen William now not only has the support of the Delray family, but also needs more wealthy friends in the upper class. His half white blood can help him integrate into that circle more easily.The other half of his Chinese descent is also a very important resource, that is, he can get more supporters of ethnic minorities. For example, the charity organization he is going to do now is to help ethnic minorities, especially Asians gain wider support.

(End of this chapter)