Age of Dreams

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Among the eight major film giants in the United States, Disney is a rising star.

On the one hand, they have their own Disney film company, on the other hand they have also acquired a lot of independent film companies, such as the most famous Miramax company.

With the efforts of many talents, Disney is now developing very well and has produced many movies consecutively, establishing its status as a new generation of giants in the film industry.

Compared with other movie giants, Disney has a big advantage, that is, in addition to the film company, they also have one of the most famous animation production companies in the industry-Pixar Animation Company, which has brought them a lot of The profits also contributed a lot to their entry into 3d animation.

With Pixar's production capabilities, many of Disney's classic cartoons can be released in 3D format. This is another secret that will last forever.

What's more, Disney's Disneyland is also a big gold sign. Like Universal Studios, it interacts with the main business of the company and can continuously cultivate more children who have liked Disney since they were young.

It can be said that in the animation film industry, the value of the Disney brand is equivalent to Coca-Cola's position in the beverage industry, topping Hollywood.

Of course, there are no eight giants in Hollywood now.

United States Films was merged by MGM in the 1980s.

Up to now, MGM has also merged with Columbia, and next year MGM will be thrown out by Sony again and go bankrupt and reorganized directly.

After 2010, the ones who can really call the wind and rain in Hollywood will follow the 20th Century Fox and Universal Movies, Paramount, Columbia and Disney.

Xiao Qi wanted to buy Disney, naturally not for its film company, but for Disneyland and such a treasure with a huge cartoon library.

But Disney is not so easy to buy.

As one of the symbols of the United States, the shares of Disney, a listed company, are very scattered. The former Qiao gang owns 7.7% of Disney’s shares and is already the largest private shareholder.

In this life, Xiao Qi has transferred 5% of the Disney shares of his two wives to Dake Fund. So now Xiao Qicai is the largest shareholder of Disney in the true sense.

Under the leader of Qiao Gang, the second largest fund management company in the United States holds 5.12% of the shares of Pioneer Group, the third is State Street Global Fund Management Company 3.83%, and the fourth is the company that has been merged by the Blackstone Group. Heiyan Group's 3.5%, and the fifth place is Fidelity Investment's 3.07%. The sixth place is also 2.5% of the prestigious National Farm Investment Management Company.

The six largest shareholders together account for 25.72% of the shares. If the top ten shareholders are included, then it is 32%.

This data is still far away from the 67% absolute holding that Xiao Qi hopes to apply for privatization and delisting.

But of the remaining shares, only about 20% are in the market, and the remaining 48% are controlled by the management and hundreds of fund companies. If you want to acquire, it is very Tedious.

therefore. Xiao Qicai commissioned the Blackstone Group to acquire Disney's shares.

Only professionals like them can have the utmost patience to deal with all large and small shareholders and buy as many shares as possible.

Xiao Qi told them to buy only 50% of the shares. This is because Xiao Qi has 10% of the shares. The Blackstone Group, which has merged the Black Rock Group, also owns 3.5% of Disney shares, and Joe’s gang has 7.7%. Shares are also in Xiao Qi's pocket.

This adds up to about 71%, which is enough to achieve Xiao Qi's goal.

Since the commission at the end of June, the progress of the Blackstone Group has not been so smooth. However, with the outbreak of the European debt crisis, the capital chains of major fund companies have been greatly challenged. The Blackstone Group also took the opportunity to increase the purchase price a bit, so many fund companies, especially small fund companies. They all sold their Disney stocks to them one after another.

In addition, the stock market in the United States is already in recession, and Disney's stock is also falling continuously. With the right price, the Blackstone Group has also bought a lot from the market.

By mid-October now, together with its own, the Blackstone Group has acquired a total of 33.5% of Disney shares for Xiao Qi. It can be described as an outstanding achievement.

Especially now, with the crash of Spain and the steadily retreating of Italy and Ireland, more fund companies are unable to sustain it. I believe that in a month or two at most, the Blackstone Group will be able to acquire more than 50% Share.

This is the benefit of having cash.

When everyone hopes to get cash for the winter, the large cash flow in Xiao Qi's hands is really the best weapon to take the opportunity to acquire the shares he wants.

In addition to Disney, Xiao Qi has not forgotten that his other goal is Universal Studios.

Of course, if it were after the acquisition of Disney and the privatization of Universal with fanfare, then Americans would definitely turn their faces, even if Xiao Qi had an American wife like Taylor.

No matter how strong Xiao Qi is, his influence and strength in the United States are no better than the old Rockefeller.

Rockefeller's powerful figures were forced to split the Standard Oil Company, and the Rockefeller family stepped down from the altar.

Xiao Qi, a foreigner, is no exception.

But the smart Japanese have long helped Xiao Qi think about a way, that is, to learn from the Japanese super chaebols, through various means of holding shares, to acquire more shares of the company and complete the privatization in a substantial sense.

Xiao Qi did this to Universal.

Universal is a company formed by the merger of TV News Network and Universal Pictures. It is an unlisted company. 80% of its shares are held by General Electric Group and 20% of shares are held by France's Vivendi Universal Group.

In more than a year, the American television and telecommunications group giant Comcast will cooperate with General Electric to acquire 7.5 billion U.S. dollars in cash and the cable TV station in its hands for a total of 14 billion U.S. dollars. Global’s 51% shares, and at the same time, General Electric will use part of the 6.5 billion US dollars to acquire 20% of the French Vivendi Group.

However, General Electric did not want to continue to hold the shares of Global. After agreeing to the purchase request of Comcast Group, they also added two option contracts. That is, within 2014, General Electric can mandate Conca Comcast buys half of their 49% shares, and the remaining half can also be mandatory for Comcast to purchase in early 2018.

If that time is really reached, Comcast will expand again and become the No. 1 giant of American TV and movies in the true sense. It is even more powerful than 20th Century Fox’s parent company News Corporation and Warner Bros’ parent company Time Warner!

The main reason that GE does not want to continue to hold shares in Global is that their own business has declined, and Global is not part of their main business, so they want to reduce unnecessary energy and get a large amount of capital to continue to stabilize. development of.

In contrast, a 20% stake in Vivendi is easier to buy.

The face of Belard, who has the richest man in France-lvmh, and the French economy has also fallen into stagnation with the outbreak of the European debt crisis, so the representatives of Vivendi and Xiao Qi had a very harmonious talk.

Comcast’s previous valuation of Global was around US$27.5 billion, but Xiao Qi was much more generous than them, so he directly called out a price of US$30 billion.

It is precisely because Xiao Qi is very sincere that this business can almost be negotiated from September to now.

For the remaining 80%, if Xiao Qi is going to buy from General Electric now, he should be able to buy it, but after the dust settles on Disney’s acquisition, the United States’ Fair Trade Commission and the Department of Commerce should also be able to buy it. I'm here.

But buying only 20% of the shares will not have a big impact on Global. Xiao Qi is also a person who likes to buy directly, so he will buy it in other ways next.

Xiao Qi therefore entrusted the Blackstone Group to find GE to buy 40% of Global’s shares, and then put them on the asset management fund under their name. However, this part of the equity was marked as belonging to Mingxiang Venture Capital of Miss Mingxiang Tang.

At the same time, Mingxiang Ventures signed an agreement with Mingxiang Holdings to transfer the 40% equity of the world.

Turning around in such a circle, the equity has become very complicated. If you don't spend a lot of effort to verify, first of all you will be stuck in the Blackstone Group.

Don't forget, their boss is the former head of the U.S. Department of Commerce, who knows a lot about this set of things.

Then, UU Reading www.uukanshu.com Xiao Qi also asked Milner to use the same method, in the name of the dst investment company, to talk to General Electric about 40% of the shares. It was clearly that dst held it, but in fact, it was held by dst. Through Yu Shanshan's "Yu's Fund", and then transferred to Qi Cai Investment's name.

The current negotiations on the two aspects are still progressing well. General Electric is not interested in Global at present, and the price is right, so it is naturally willing to sell.

As long as the negotiations are completed, through the three companies of Fairy Company, Blackstone Group, and dst Investment Company, Xiao Qi will essentially hold 100% of Global.

On weekdays, elite American managers take care of the company.

If there is any dissatisfaction, Xiao Qi will come forward in the name of three companies to control the development and operation of the company.

Over time, the U.S. government may detect something, but at least at the legal level, they can’t get hold of anything. In addition, Xiao Qi’s network of contacts in the U.S. is very large. At that time, it will spend a little money on public relations. Now, naturally, the problem is not big.

In the United States, money can certainly accomplish a lot of things! (To be continued.)