Chapter 2615 Complicated Holding Model

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, and on the other hand, they have also acquired many independent film companies, such as the most famous Miramax company.

Thanks to the efforts of many talents, Disney is now developing very well, and has produced many films in a row, establishing its status as a giant in the new generation of film industry.

Compared with other film giants, Disney has a great 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 brought them A lot of 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, which is another secret to long-term success.

What's more, Disney's Disneyland is also a famous brand. Like Universal Studios, it has a positive interaction with the company's main operation, and can continuously cultivate more children to like Disney from an early age.

It can be said that in the animation film industry, the value of the Disney brand is equivalent to the status of Coca-Cola in the beverage industry, ranking first in Hollywood.

Of course, there are no Big Eight in Hollywood now.

United Artists was merged by MGM in the 1980s.

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

After 2010, 20th Century Fox and Universal Films are the ones that can really make a difference in Hollywood, and Paramount, Columbia and Disney are also a little less.

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

But Disney is not that easy to buy.

As one of the symbols of the United States, the shares of Disney, a listed company, are very scattered. In his previous life, Gang Leader Qiao owned 7.7% of Disney shares, making him the largest private shareholder.

This life. Xiao Qi has transferred the 5% shares of Disney owned by his two wives to Dake Fund, so now Xiao Qi is the largest shareholder of Disney in the real sense.

Under Qiao Gang, the second largest fund management company in the United States, Vanguard Group, holds 5.12% of the shares, the third is State Street Global Fund Management Company, which has 3.83%, and the fourth is the company that has been merged by the Blackstone Group. Black Rock Group's 3.5%, followed by Fidelity Investments' 3.07%. The sixth place is also 2.5% of the well-known State Farm Investment Management Company.

The six largest shareholders add up to 25.72% of the shares, and if the top ten shareholders are counted, it is 32%.

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

But among 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 they want to acquire them. That is very cumbersome.

Therefore, Xiao Qicai entrusted the Blackstone Group to acquire Disney's shares.

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

Xiao Qi told them to only buy 50% of the shares. This is because Xiao Qi owns 10% of the shares, and the Blackstone Group, which has merged with the Black Rock Group, also owns 3.5% of Disney's shares. In addition, the 7.7% shares in the hands of Gang Leader Qiao are also in Xiao Qi's pocket.

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

Starting from the entrustment at the end of June, the progress of the Blackstone Group was not so smooth, but with the outbreak of the European debt crisis, the capital chains of major fund companies have been greatly challenged, and the Blackstone Group took the opportunity to increase the purchase price a little. Therefore, many fund companies, especially small ones, sold their Disney stocks to them one after another.

In addition, the US stock market is already sluggish. 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, including its own, the Blackstone Group has acquired a total of 33.5% of Disney shares for Xiao Qi, which can be described as a remarkable achievement.

Especially now, with the collapse of Spain and the retreat of Italy and Ireland, more fund companies can no longer hold on. I believe that in a month or two at most, the Blackstone Group will be able to acquire more than 50% of the funds. share.

That's the benefit of having cash.

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

Besides Disney, Xiao Qi has not forgotten that his other goal is Universal Studios.

Of course, if after the acquisition of Disney, the privatization of Universal NBC is acquired with great fanfare, then the Americans will definitely turn their backs, even if Xiao Qi has an American wife named Taylor.

No matter how strong Xiao Qi is, his influence and strength in the United States cannot compare with the old Rockefeller back then.

A powerful figure like Rockefeller was forced to split up 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 of a way, that is to learn from the methods of the super chaebols in Japan, and use various means of holding shares to acquire more shares of the company and complete privatization in a substantial sense.

That's what Xiao Qi did with Universal NBC.

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

In more than a year, Comcast, the American TV and telecommunications giant, will cooperate with General Electric to acquire 6.5 billion in cash and 7.5 billion US dollars for the cable TV station in hand, for a total of 14 billion US dollars. Global NBC has a 51% stake, and at the same time, General Electric will also use part of the 6.5 billion US dollars to acquire a 20% stake in the hands of the French Vivendi Group.

However, General Electric does not want to continue to hold shares in Global NBC. After agreeing to the acquisition request of Comcast Group, they also added two option contracts, that is, within 2014, General Electric can force Comcast to Castor bought half of their 49% stake, and the remaining half could also be compelled to be purchased by Comcast in early 2018.

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

The main reason why General Electric does not want to continue to hold shares in Global NBC is that their own business is declining, and Global NBC is not part of their main business, so they want to reduce unnecessary energy and get back a large amount of funds. Continue to develop steadily.

In contrast, Vivendi's 20% stake is easier to buy.

With the face of Bellard, the richest man in France, LVMH, and the French economy has also fallen into stagnation with the outbreak of the European debt crisis, the representatives of Vivendi and Xiao Qi talked very harmoniously.

In the previous life, Comcast gave a valuation of 27.5 billion US dollars for Universal NBC, but Xiao Qi was much more generous than them, and directly shouted an offer of 30 billion US dollars.

Because of Xiao Qi's sincerity, the business has almost been negotiated since September.

The remaining 80%, if Xiao Qi wants to buy it from General Electric now, he should be able to buy it, but after the dust settles on the acquisition of Disney, the US Fair Trade Commission and the Department of Commerce should also It's here.

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

Therefore, Xiao Qi entrusted the Blackstone Group to go to General Electric to buy 40% of the shares of Global NBC, and then hang them on the asset management fund under their name, but this part of the shares was marked Mingxiang Venture Capital belongs to Ms. Tang Mingxiang.

At the same time, Mingxiang Venture Capital signed an agreement with Mingxiang Holdings to transfer the 40% interest in Global NBC.

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

Don't forget, their boss is the former head of the U.S. Department of Commerce, and he knows all about this stuff.

Then, Xiao Qi asked Milner to use the same method, using the name of DST Investment Company, to discuss with General Electric about 40% of the shares. On the surface, DST held it, but in fact it was held by Yu Shanshan's "Yu's Fund" ", and then transferred to the name of Qicai Investment.

The current negotiations on both sides are progressing fairly well. General Electric is not interested in Universal NBC right now. If the price is right, it is naturally willing to sell.

As long as the negotiation is completed, through the three companies of Fairy Company, Blackstone Group, and DST Investment Company, Xiao Qi will actually hold 100% of Universal NBC.

On weekdays, elite managers from the United States run the company.

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

After a long time, the U.S. government may notice something, but at least on the legal level, they can't catch anything. In addition, Xiao Qi's network of contacts in the United States is very large, and at the time, he will spend some money on public relations at most. Once, naturally, it is not a big problem.

In the United States, of course, money can do a lot of things! (to be continued ~^~)