Back to 1995

Chapter 685 The Truth
Paulson was the first to speak, "Goldman Sachs can invest 3000 million new shares in ICQ and underwrite 15 billion dollars in bonds!"

As the most powerful person on Wall Street, Paulson made a big deal when he made a move. Betts and the others didn't know what to say at this time.

On both sides is an asking price that dares to be a lion, and one is really daring to give. The stock price of ICQ has already exceeded 170 US dollars. It must not be sold to Goldman Sachs at this price. According to the stock price on the day of the announcement, it is also around 3000 US dollars. 50 million ICQ new shares, Goldman Sachs needs to spend [-] billion US dollars to buy!

Coupled with the underwriting of 15 billion dollars in ICQ bonds, which is a one-off, Goldman Sachs has invested 65 billion dollars to bet that ICQ can make a lot of money.

This time, in order to merge American Telecom, ICQ will issue a total of 120 billion dollars in new shares, accounting for almost 15% of the entire ICQ equity. The ICQ equity in hand, the ICQ equity in the hands of Goldman Sachs, has definitely exceeded 7%, and may even be higher!

Song Yang glanced at Paulson, which was somewhat beyond Song Yang's expectations. He never expected that Paulson would dare to make such an offer. Song Yang always felt that Paulson seemed to know something.

"Deutsche Bank subscribes ICQ2000 million new shares and one billion bonds!"

Seeing Paulson frantically buying ICQ shares, Edison was not to be outdone, he had more money than Deutsche Bank, and Edison didn't know which company ICQ was going to continue to merge with, but he knew that Paul Sen would never do business at a loss.

It was thought that ICQ issued 7000 million new shares, which would not be easy to sell, but Goldman Sachs and Deutsche Bank almost rounded up these new shares.

"Merrill Lynch is willing to subscribe for 800 million new shares of ICQ..."

"Enron is willing to subscribe!"

After Deutsche Bank and Goldman Sachs, several Wall Street institutions such as Merrill Lynch couldn't take care of so much, and began to directly grab the remaining 2000 million ICQ new shares. After making a phone call, Enron's representative also made additional investment. , Telephone and Telegraph Group even took 500 million new ICQ shares.

Even those who invested money no longer objected. Naturally, no one would object to the merger of ICQ and America Telecom.

According to America Telecom's valuation of US$500 billion and a 1:1 equity exchange, ICQ needs to acquire at least 51% of America Telecom's equity, which means it needs to invest US$250 billion.

In fact, it has to bear the debts of American Telecom. ICQ's investment this time is far more than that!

There is no problem with the price, and the rest is the accountants, finance and Wall Street personnel on both sides, and the equity distribution after the merger is agreed.

This time the merger is completed, Goldman Sachs, Deutsche Bank, and Telephone and Telegraph Group will all become one of the major shareholders of ICQ holding more than 10% of the shares, and joining the ICQ board of directors is a certainty.

The ICQ shares in the hands of Irene, Wesley, Greg, Enron President Kenneth, etc. have all begun to shrink sharply, from 5% to about 3%, but they are even more valuable!
Song Yang’s ICQ equity has also shrunk, but the impact is not significant. It has shrunk from 40% to more than 35%. In fact, the shrinkage can be even smaller, but Song Yang cashed out a “small amount” of equity and got a few tens. About a few dollars in cash, a part of the equity was given up.

But even so, Song Yang is still the largest shareholder of ICQ. If the equity shrinks further, it is estimated that it will wait until the merger of Comcast TV Network and NBC Group. At that time, Song Yang’s equity will shrink again. , but at that time, Song Yang was about to start transferring shares before the merger, and whoever was willing to be the major shareholder of ICQ would be the one...

"Song, may I know who is the target of ICQ's next merger?!"

The meeting room was in a hurry. This kind of merger of tens of billions of dollars, the legal affairs and accountants, could not be completed in a few hours. Irene and Eiger were also immersed in signing various documents.

But for Song Yang, Edison, Paulson, and Betts, the work is basically completed today.

The person who spoke was Edison. The two stood by the window of the conference room, and Edison asked Song Yang in a low voice.

Song Yang hesitated for a moment, and seeing Edison's gaze passing over Paulson, Song Yang suddenly realized that Edison thought that Song Yang's side and Paulson's side had passed the news in private Edison was a little dissatisfied that he did not notify Deutsche Bank.

"We are in contact. If there is no accident, it will be NBC Group and Comcast!"

Song Yang also whispered some news in Edison's ear mysteriously. Hearing this news, Edison was also surprised, but he quickly figured out the cause and effect of it. Involved in the competition for the head of General Electric, Edison felt that he knew the truth about why Paulson was so actively involved in this merger.

Otherwise, self-imagining is the most deadly. Song Yang just said a word, and Edison had already imagined a palace fight drama, involving the fight for the head of General Electric and the drama of Comcast's succession etc.

"Song, I always thought that we are the best collaborators, Deutsche Bank has always supported you!" Edison said to Song Yang dissatisfied, with a bit of dissatisfaction in his eyes.

Song Yang quickly denied, "President Edison, I have never mentioned these words to anyone on Wall Street. Paulson should have obtained some information from certain channels!"

Song Yang was fooling Edison, what was going on with Paulson, and whether he knew about it, Song Yang actually didn't know, Song Yang didn't know whether Paulson knew or not, so he could only fool around It's Edison.

"President Edison, I have always hoped to cooperate with Deutsche Bank. When PayPal payment, eBay and Alcatel mobile phones are listed in the future, I also hope to cooperate with Deutsche Bank!"

Hearing Song Yang's words, Edison finally felt comfortable. Song Yang still has a lot of good things in his hands, even Deutsche Bank Investment Bank is a little greedy.

Seeing Paulson walking towards this side, Edison and Song Yang whispered a few words, then got up and left.

Paulson, who was holding two glasses of wine, passed by Edison, and saw that Edison looked at Paulson provocatively with eyes that he already knew the whole truth.

This made Paulson a little baffled, and he didn't know where he offended this Wall Street fanatic.

Passing a glass of wine to Song Yang, Paulson asked Song Yang puzzledly, "What happened to that German servant?!"

Edison didn't like Paulson, and Paulson had long been dissatisfied with Edison, the general manager of a foreign investment bank on Wall Street, so naturally there was nothing good in his words.

Talking about people when seeing people, talking nonsense when seeing the devil, this is the skill Song Yang has learned to face these old Wall Street cannons.

Meeting Paulson, Song Yang changed into a helpless and forced expression, "Edison wants Deutsche Bank to underwrite the stock issuance of PayPal and eBay when they go public..."

"Shit, Deutsche Bank is getting more and more greedy now!" Paulson said in a gloomy tone, looking at Edison very unkindly.

Turning his head and facing Song Yang, Paulson put on a warm expression again, and said to Song Yang blissfully, "Song, don't worry, Goldman Sachs and the whole Wall Street will support you!"

For this, Song Yang seemed to be quite convinced and nodded, but he didn't believe a word in his heart. If he believed Paulson's nonsense, he might be gnawed clean.

"Song, Goldman Sachs has reached an agreement with the Federal Securities Commission to help overseas Internet technology companies to list in America, including Asian Internet technology companies!" Paulson said to Song Yang with a smile. He knew that Song Yang was overseas. , but a lot of venture capital companies.

Song Yang exclaimed in "surprise", "This is the second good news I've heard this year. Damn it, I can finally pay back the money I invested!"

With the help of Goldman Sachs, Song Yang plans to send Yeadex, Sohu, Yinghaiwei, 8848 and other companies he invested in to Nasdaq. Song Yang has already invested a large sum of dollars in these companies. Knife, let’s not talk about returning capital, after listing, these companies can use the money from leeks to grow, and Song Yang doesn’t need to keep filling in the holes.

Paulson burst into laughter, and had a drink with Song Yang. At this time, the merger agreement was sorted out, and Song Yang also began to sign it.

"The ICQ after the merger is a very large and fragile ship. I don't think everyone should like this ship. No one knows how long it can sail!"

What appeared on TV was an interview with Buffett. Mundell, the founder of Wall Street Telecom, personally interviewed Buffett and asked Buffett whether he would invest in ICQ. Buffett's answer.

Over the years, Lao Ba has always disliked technology stocks. Whether it is Internet or electronic stocks, he follows his famous saying and does not touch stocks that he does not understand.

"This is an interview with Buffett by the Wall Street Telegraph. I agree with Buffett's point of view. You can't force everyone to agree with one thing. I think the ICQ ship will sink sooner or later. ICQ is very good now, but I'm not optimistic about it this time. merge!"

Mundell, who was hated by Irene, was invited to participate in a program on New York TV. As a candidate for the Nobel Prize, he was questioned that he was just a "clown". Can have no temper.

After being invited to the TV station, he opened up his firepower and began to export ICQ and American Telecom. He even brought out an interview with Buffett, vowing to prove that what he said was right.

"But," the host said while looking at Mundell, "Bruno Song just relied on the Internet this year to surpass Buffett and become the second richest person in America!"

Mundell was at a loss for words at the moment. If the Internet is wrong, Song Yang surpassed Buffett by relying on the Internet. Doesn’t that explain the result? Song Yang, who is the second most valuable in America, is not as convincing as Buffett, who is ranked fourth ?
At this time, the director's voice came from the host's headset, and the host immediately said to the camera, "According to the latest news from San Jose, ICQ and America Telecom have reached the largest merger agreement in the history of global telecommunications. Complete the merger!"

Before the TV screen was broadcast to ICQ's press conference at the San Jose Convention Center, a close-up of Mundell's expression was shown. At this time, Mundell was full of astonishment, as if he couldn't believe the news he heard, and seemed more like a The ignorant "clown".

(End of this chapter)