Back to 1995

"ICQ will issue 375 million new shares at a price of $2000 per share, and bonds worth $25 billion!

This money will be used to acquire NBC Group and Comcast Television Network, and to repay part of the debt and ICQ's future development! "

Marcus said to the people in the conference room that the total amount of this merger reached an astonishing 820 billion US dollars, how could ICQ come up with so much US dollars.

The acquisition of NBC Group is basically an equity swap. General Electric also needs to compensate the ICQ board of directors with a sum of cash.

As for the Comcast TV network, it still needs to pay a large sum of money to Comcast Group as compensation. It is impossible to give up so much equity to Comcast Group, so it can only be purchased with part of the cash.

The most important thing is not the number of new shares issued by ICQ, but the price of the new shares issued. Now ICQ's stock price is less than $260, while the price of new shares issued has reached $375, which is almost doubled. , which means that the market value of the entire ICQ has almost doubled, and the overall market value will reach an astonishing $2890 billion!

This is like a stone, whether it is worth money depends on whether the person who buys it is willing to spend money. When no one is willing to ask for a price for it, it is worthless, and when someone asks for $[-] for it At the time, it was worth $[-], whether it was a scrap or not...

The same is true for ICQ. When Goldman Sachs, Deutsche Bank, Telephone and Telegraph, and General Electric are willing to subscribe for ICQ shares at a price of $375, it means that its market value has climbed to the top ten American groups. list!
In the conference room, Paulson, Addison and others looked at each other. The market value of 890 billion US dollars, nearly 3000 billion US dollars, makes people dizzy just listening to it, surpassing Telephone and Telegraph Group, Comca The market value of many established giant companies such as the Ster Group dominates the Internet, becoming a company second only to giants such as Microsoft and General Electric, and keeping pace with giants such as Cisco, Wal-Mart, and Intel!
But think about which companies make up ICQ. In theory, ICQ, which owns industries such as American Telecom, NBC Group, and Comcast TV Network, can have an annual revenue of US$510 billion, calculated based on more than 20% of the profits of the technology industry. , the profit can reach an astonishing $110 billion or so!

No matter how you look at it, ICQ after the merger will become an out-and-out giant. Is the Internet giant worth $3000 billion?

"Goldman Sachs is willing to subscribe!"

It was Paulson who made the first decision and could become the leader of Wall Street. Paulson never lacked courage. Even if he risked a complete defeat and ruined his reputation, Paulson dared to make a decision.

The team at Goldman Sachs made some calculations. After the merger was completed, the equity in ICQ held by Goldman Sachs was diluted, but it was even more valuable. When the market value of ICQ was US$1300 billion, Goldman Sachs’ equity in ICQ was worth US$169 billion. billion dollars, and after the merger is completed, it can reach more than 200 billion dollars, or even higher!

That is, overnight, a full increase of billions of dollars!

Even if it's crazy, to rob a bank in America, and exhaust the robbers to death, it is estimated that you won't be able to grab many dollars in one night, and it will take some time for the money printing machine to print billions of dollars.

Moreover, who dares to say that the limit of ICQ's market value is 2890 billion US dollars. Which Wall Street analyst would have predicted before today that ICQ would dare to play so big that it would swallow up NBC Group and Comcast Television Network.

If the market value of ICQ exceeds 3000 billion US dollars, or even more, 500 billion US dollars, then how much will the ICQ equity in Goldman Sachs be worth? !

Paulson is betting that even if he buys ICQ stock at a sky-high price of $375, he will not lose it, but will make a fortune!
After Paulson, Edison and Bestes also agreed one after another to take over the stocks held by ICQ and Song Yang at high prices.

Marcus and the accountants of Goldman Sachs, Deutsche Bank, General Electric and other companies are struggling to calculate their respective equity ownership.

After confirming with Song Yang several times in a row, seeing that Song Yang had made up his mind, Marcus finally said, "Director Bruno, I am willing to give up 11% of ICQ's shares!"

After the merger was completed, Song Yang's shareholding in ICQ also shrank from 35% to about 30%, giving up 11% of the shareholding. Song Yang is still the second largest shareholder of ICQ with a 19% shareholding.

According to the valuation of 2890 billion US dollars, Song Yang's one-time performance cash out exceeded nearly 310 billion US dollars!

Of course, this cannot be all cash. Even if General Electric, Goldman Sachs, and Deutsche Bank require them to spend 300 billion dollars in cash at a time, it will kill them.

In addition to some cash, General Electric and Goldman Sachs need to mortgage their company's equity, other company equity, bonds, and various fixed assets, including office buildings and real estate.

It may take a certain amount of time to cash out these things, but compared to Song Yang's cashing out of ICQ's equity, this... is simply much more convenient!

As the major shareholder of ICQ, Song Yang will not be able to start cashing out on Nasdaq until the second half of next year, and it is impossible to cash out more than 10% of the equity at one time. No institution can easily eat it. The leeks heard the wind , It is estimated that he ran away long ago.

In contrast, transferring equity to Goldman Sachs, Deutsche Bank, General Electric, Telephone and Telegraph Group, etc. may be less profitable than cashing out on Nasdaq, but compared to not being able to cash out, the stock is in the In hand, it is definitely more cost-effective!

Hearing that Song Yang took out 11% of the shares in one go, Immelt couldn't help pursing his lips, and Paulson and others also looked at Song Yang with burning eyes.

In the face of this piece of fat, Song Yang didn't need to say anything at all, it was snatched up by General Electric, Goldman Sachs, Deutsche Bank, etc., and he would not let this equity be circulated outside, and was taken away by other Wall Street institutions and overseas funds. will get it.

"I am also willing to transfer 1% of the equity!"

Song Yang was surprised, and looked at Wesley who suddenly spoke out. He didn't expect that at this time, the technical president of ICQ would also transfer the equity.

Wesley didn't know why Song Yang would give up his identity as a major shareholder and transfer so many shares of ICQ, but after so many years, he also summed up a rule, there is absolutely nothing wrong with following Song Yang!
Those Netscape, Yahoo, Microsoft, CUC International Corporation, Telephone and Telegraph Group, etc. who think they have taken advantage of the deal with Song Yang, none of them will fall into the trap. At this time, let Wesley make a cash out of the equity Is Cheng Meidao's decision difficult?
Betts took the lead and got the shares of Wesley, and the shares of the entire ICQ have also undergone earth-shaking changes.

General Electric used NBC Group and a large sum of money as bargaining chips, and bought part of the equity from Song Yang, completely becoming the largest shareholder of ICQ holding 22% of the shares!
When the negotiation was completed, Immelt was obviously relieved. A deal, with an NBC group, was exchanged for a giant company of 2890 billion US dollars for the General Electric board of directors. Besides him, who else is qualified to sit? !

Song Yang became the second largest shareholder of ICQ, holding 19% of the shares, and Comcast Group became the third largest shareholder, holding 17% of the shares. The combined shares of these three companies exceeded 58%. ICQ all fate!
For the rest, Goldman Sachs desperately maintained its equity at 9%, becoming the fourth largest shareholder of ICQ, Telephone and Telegraph Group got 8% of ICQ equity, Deutsche Bank's equity shrank to 7%, as for Irene, Wesley, Ken The ICQ shares held by Nice and others have shrunk to 1% or 2%. Although the shares have become smaller, they are more valuable.

"I propose that President Irene continue to serve as the president of ICQ after the merger. The position of chairman of ICQ can be held by President Immelt!"

After the shares were divided, Song Yang said that Song Yang had promised Irene that she would be the president of ICQ after the merger, so he naturally wanted to fight for her.

Hearing that Song Yang even gave up his position as the head of ICQ's board of directors in order to let Irene take the position of president, Immelt naturally would not save Song Yang's face.

Paulson, Edison, Bates and others just took away a large amount of equity from Song Yang, so it is even more difficult to turn their faces at this time.

It was already midnight at this time, the Bruno Family Club was brightly lit, and major companies in Wall Street and Silicon Valley were also waiting all night for the news from San Jose.

Outside the club, although it was stopped by the Blackwater security, more than 100 media outlets and hundreds of reporters gathered outside the club and waited. Many overseas TV stations and media also came here.

Before the contract is finalized, the lawyers and accountants of several major companies have to discuss and formulate the document before they can sign it. But basically, the negotiation of this big merger is over.

Song Yang held up the champagne that had already been delivered to the office, "Respect everyone, history will always be remembered today!"

In the lounge outside the meeting room, Kalanick, who already knew what happened here today, watched Gallo, Evan Spiegel and others, walking around the lounge anxiously.

When the indoor phone rang, Evan Spiegel said to Gallo with a trembling voice after receiving the call, "Champagne must be delivered in the meeting room!"

Gallo froze for a moment, then hugged Kalanick who was beside him. Kalanick was also a big man, but Gallo lifted him up abruptly.

"The Bruno family, the richest man in America was born!" Gallo roared.

"The latest front-line news from ICNC TV station, ICQ, NBC Group, and Comcast TV Network, reached a total of 820 billion dollars in mergers and acquisitions!"

It was originally a boring late-night news period, but ICNC TV station suddenly released a depth charge at [-]:[-] in the middle of the night, blowing up the entire American media industry.