Reborn as a tycoon in Hong Kong

The next day, the morning of January 3rd.

In his villa in Beverly Hills, Lin Baicheng signed a contract with Wade Thomas, who represented Goldman Sachs, and formally entrusted Goldman Sachs to help him acquire Marvel Comics.

"Alan, don't worry, we at Goldman Sachs will definitely help you acquire Marvel Comics."

After the two parties signed the contract, Wade Thomas was very happy.

"Of course I believe in Goldman Sachs' ability."

The two shook hands, and Lin Baicheng asked: "Thomas, when will you tell me the valuation of Marvel Comics and what is the specific situation of this company now?"

Wade Thomas immediately said: "Don't worry, Allen, we will give you a preliminary investigation result no later than the day after tomorrow."

"Okay, then I'll wait for your good news."

Wade Thomas didn't speak for long, so Lin Baicheng said no more.

After a while, Wade Thomas led people out of Lin Baicheng's villa.

"Bella, have you compiled the annual reports of each company for 2078?"

Lin Baicheng asked Isabella, it was already 1979, and last year's annual report also started counting.

"Except for Starlight Company in the United States, all other companies in the United States should be able to prepare their annual reports in the next two days. Starlight Company will be later, but it should also be able to prepare its annual report before the 10th."

"As for Japan, it will still take a few days. As for Xiangjiang, which has the most companies, I have communicated with your two assistants there. All annual reports will be ready on January 15th at the earliest, or even later. possible."

Isabella reported aloud that Lin Baicheng had relatively few companies in the United States and Japan. That is to say, Starlight Company has many stores, so it would be more troublesome to count them. It's different in Hong Kong. Not only are there many companies, but they are also very large, especially three companies: Galaxy Games, Hutchison Whampoa and Hong Kong Electric Group.

"Okay, remember to tell the person in charge of each company that after they complete the annual report summary, I will find a third-party accounting company to go to each company to conduct reconciliations. If problems are found by then, don't blame me for being unkind."

Lin Baicheng would not completely trust the employees of the company below. It was necessary to find a third-party accounting company to verify the accounts, although it would cost extra money. But in order not to be deceived, this money must be spent.

Although Lin Baicheng's sister Lin Shufang is in charge of finance, and Lin Shufang recruits and dispatches people to other companies for the finance of each company, but who knows if they have been corrupted or deceived Lin Shufang, so it's not that Lin Baicheng doesn't believe his sister, but It's that he doesn't trust other employees in the company.

"Yes, BOSS!"

Isabella felt a shiver in her heart. She had no problem herself, but she didn't want several companies in the United States to have problems, lest the boss would have opinions about her. After all, she was the boss's assistant in the United States. There is a problem with the company here in the United States, which in disguise means that her management is not in place and there is a problem with her ability.

Wade Thomas said that there would be a preliminary investigation result no later than the day after tomorrow. True to his word, the preliminary investigation results were handed over to Lin Baicheng in the form of a document the next night.

When talking about Marvel Comics, we have to mention Stan Lee. Many well-known superheroes in Marvel Comics were created with him as the core. It can be said that without Stan Lee, there would be no Marvel Comics.

Stan Lee became the publisher and chairman of Marvel Comics in 1972. Since then, he has slowly faded out of the specific creation of comics. He is still the chairman of Marvel Comics.

In 1967, the monthly circulation of Marvel Comics reached 6 million. Today, more than ten years later, the circulation of comics has not increased due to the increase in population, but has decreased a lot. Today, the annual circulation is only to 50 million copies.

Ten years have passed, and the circulation has not increased but decreased, which shows that the comics industry is in decline.

However, although the circulation of comics has decreased, the market value of Marvel Comics has increased. After all, over the past ten years, money has become less and less valuable. Of course, the current market value of Marvel Comics cannot still be US$15 million, let alone less than US$15 million.

Goldman Sachs estimates Marvel Comics' current market value at between $25 million and $30 million.

This is the valuation given by Goldman Sachs. Whether Marvel Comics is worth the money will have to wait for acquisition negotiations with Cardans Industrial Company and then conduct a more detailed investigation with the cooperation of Cardans Industrial Company. , giving a more accurate valuation judgment.

The current valuation given by Goldman Sachs is based on Marvel Comics' comic circulation, toy licensing and other peripheral income, which is not accurate. After all, Marvel Comics is not a listed company. Furthermore, even if it is a listed company, if the senior management of the listed company commits financial fraud, there is no way to find out without conducting specific investigations.

Otherwise, there would not have been so many listed companies that went undetected for many years with financial fraud, and it was not until many years later that they were unable to conceal it, and a large number of investors were killed by thunderstorms.

In Lin Baicheng's opinion, Marvel's valuation was not high, and he was completely able to accept this valuation. Therefore, he asked Goldman Sachs to reach an acquisition intention with Cardans Industrial Company as soon as possible and negotiate the acquisition price.

When Goldman Sachs contacted Cardans Industrial Company and learned that someone had entrusted Goldman Sachs to acquire Marvel, Cardans Industrial Company immediately said that they could negotiate.

Marvel did not make Cadence Industrial a huge profit as expected. Although it has recovered its costs over the years, the entire comic industry is in decline. As games become more and more abundant, comics are increasingly affected. As it gets bigger, the company's annual profits have become useless in the eyes of Cardans Industrial Company.

Instead of making a few million dollars a year, it would be better to sell the company at once and make tens of millions of dollars.

It's just that because Marvel Company makes a small profit every year, Cadence Industrial Company does not want to sell the company at a low price. Therefore, when no one acquires Marvel Company, Cadence Industrial Company does not take the initiative to contact others to sell the company. The company was sold and it has been kept like this ever since.

Now, someone has entrusted Goldman Sachs to acquire Marvel. As long as the price is right, Cardans Industrial Company can sell Marvel without any problem.

But again, Cadence Industries didn't want to sell Marvel at a low price, so it asked for $40 million from the beginning. Although the lion opened its mouth, it did not bid a high price that would scare people away.

After learning about it, Lin Baicheng asked Goldman Sachs to continue negotiating with Cardans Industrial Company. It would be best to negotiate a transaction price below US$30 million. The lower the price, the higher the commission fee for Goldman Sachs.

Although Lin Baicheng is willing to acquire Marvel for US$40 million, his money does not come from strong winds, so of course the lower the acquisition price, the better.