Chapter 1504 A Blockbuster Acquisition!

After announcing the fixed exchange rate, the Hong Kong government showed unprecedented strength.

All banks immediately announced the cancellation of U.S. dollar exchange restrictions and implemented a fixed exchange rate of 7.8.

Some people tried to exchange Hong Kong dollars for U.S. dollars. Whether it was a few thousand or tens of thousands, they could all be exchanged smoothly, but the exchange rate was no longer close to 10 as before, and could only be 7.8:1.

As a result, the exchange rate between the Hong Kong dollar and the US dollar naturally changed.

On the second day alone, the U.S. dollar exchange rate fell to 8.12. On the third day, November 17, the U.S. dollar exchange rate was the same as the bank exchange rate.

At the same time, the price of gold also fell in response, returning to the price of a month ago.

Many people who speculated on exchange rates and gold fell into despair when they saw this.

They have no way to go against the entire Xiangjiang government. Even if they spend billions or tens of billions of dollars, it will not help. They can directly kill everyone if they change their policies.

What's more, they don't have that much money, they are just small speculators.

Most of the money they used for speculation was borrowed and raised.

Under such a huge loss situation, it was impossible to pay back the money, so in the past few days, no fewer than dozens of people jumped from the rooftop.

Not everyone has the courage to commit suicide, and more people run away.

For a while, the atmosphere in Xiangjiang still seemed a bit tense and pessimistic.

But Youde and the Hong Kong government will not care about this. They only care about whether the fixed exchange rate can stabilize the financial market in Hong Kong.

In fact, it has been proven that this fixed exchange rate is like a magic needle that stabilizes the turbulent financial market without encountering any disturbances.

The speed surprised everyone.

Originally, Youde was prepared to ask Yin Jun to shout again if the effect was not good, which might increase credibility.

But now it seems that it is no longer needed.

As everyone knows, even if Youde comes to invite Yin Jun this time, Yin Jun will not show up.

The boy's exposure rate has been high enough recently and he has done enough things. If he appears frequently, it will make people think that he is the spokesperson of the government.

Of course, Yin Jun is not willing to weaken his identity as a businessman and become a stakeholder connected with the government.

After all, he has always relied on his own strength, not on the help of government policies.

But Yin Jun did not get benefits.

After discussing with Shen Bi, he secretly deposited all his Hong Kong dollars in HSBC, and then applied for a US dollar loan of almost US$2 billion.

The term is three months.

Three months later, the Hong Kong dollars were directly converted into US dollars and repaid to HSBC. Yin Jun only had to pay the corresponding interest.

And the current interest rate is the lowest in recent years.

With such an urgent need of nearly 2.5 billion U.S. dollars, what is Yin Jun going to do?

Complete his acquisition, of course.

At 9 a.m. on November 20th, Western Time in the United States, the North American branch of Kirin Group and the ABC Television News Network of the United States jointly issued a statement.

The North American branch of Kirin Group has reached an agreement with ABC's board of directors and major shareholders after several months of negotiations.

The North American branch of Kirin Group will acquire ABC as a whole with all cash, delisting it and becoming a private company of Kirin Group.

For this purpose, the North American branch of Kirin Group will pay US$3.6 billion.

Most of the funds come from direct payments from the head office, as well as part of bank loans.

The headquarters of Kirin Group provided 2 billion U.S. dollars, and the 440 million U.S. dollars earned during the exchange rate war were placed in the bank as emergency funds.

Yin Junke has never been a person who uses the money in his hands neatly.

Not only did he keep the US$440 million, but Yin Jun also had a loan line of no more than US$1 billion from HSBC, which could be borrowed at any time.

This ensures that Kirin Group has a large amount of liquidity available at any time.

The remaining US$1.6 billion in bank loans comes from Japan's Mitsui Banking Corporation.

It’s not that Japan’s Sumitomo Bank has no money. In fact, it has a lot of money.

It's just that Sumitomo Bank has loaned 2.5 billion US dollars to Kirin Group. The bank naturally has its own set of rules. No matter how prosperous and promising Kirin Group is, they have a risk assessment mechanism. In a short period of time, It is impossible to lend another US$1.6 billion to Kirin Group.

But Honda Makoto will not help.

He directly contacted Mitsui Banking Corporation, which had a good relationship with Sumitomo Bank, and asked them to lend Yin Jun a loan.

Mitsui Banking Corporation is also one of the five largest banks in Japan. In a few years, they will merge with Sumitomo Bank and become the second largest bank in Japan, second only to Mitsubishi Financial Group.

Even now, the relationship between Mitsui Banking Corporation and Sumitomo Bank is still a good alliance.

Like Sumitomo Bank, due to Japan's continuous economic development, Mitsui Bank has a lot of money in its hands. Of course, it is overjoyed to meet a big customer like Yin Jun.

From the start of negotiations in September to the confirmation of the loan in early October, it took less than a month for US$1.6 billion to be quietly prepared for Yin Jun.

And the interest rate is extremely low, only 5%, which is far lower than ordinary interest rates.

Yin Jun naturally has no burden to use Japanese money to make a fortune.

However, the money was not used all at once.

Although the acquisition agreement has been reached, the forced acquisition and delisting, the transfer of property rights, the assessment of assets, etc. are all a long process.

Without three to five months, it would be impossible to complete.

But fortunately, starting from the day the agreement was reached, after purchasing more than 52% of the shares from ABC's major shareholders, the North American branch of Kirin Group already has the management rights of ABC.

In other words, from now on, the North American branch of Kirin Group can take over ABC and start processing merger matters.

In addition to announcing the acquisition, Kirin Group's North American branch also has several resolutions.

The first is that after ABC joined the Kirin Group family, it directly merged with the Disney Television Channel.

This is not unexpected.

When rumors spread that Kirin Group was preparing to acquire ABC, everyone knew what Yin Jun meant.

The Disney Television Channel is so powerful within ABC that it has almost reached the point where it can compete with all channels and news networks combined.

Under this situation, ABC has only two options.

Either they acquire the Disney Television Channel, or the two companies choose to merge.

Otherwise, ABC will definitely not be able to retain the Disney TV Channel, and will suffer heavy losses. It is very likely that ABC will decline from a first-rate TV news network to a second-rate one.

But the road ahead for Disney TV Channel is not easy either.

If their status within the ABC News Network is not guaranteed, it is highly likely that they will leave.

With Yin Jun's financial and material resources, it is not difficult to build a new TV news network with Disney News Channel as the main body.

The key is that if you build a TV news network from scratch, it will take at least several years to be effective.

If you waste the past few years, it may be difficult to regain the previous heights of ABC.

After all, on the other side, 20th Century Fox has announced that they are about to welcome a new owner-world news tycoon Murdoch.

And Murdoch is also interested in building a new major TV network.

In terms of media, although Yin Jun is also very impressive in the media industry in Hong Kong, compared with Murdoch, who has been running media for decades and has industries all over the world, he is still much immature.

With such powerful opponents, as well as TV news networks such as CBS that have been fixed in the past, it is really difficult for Disney TV Channel to stand alone.

So they might as well merge with ABC directly.

Merger is the best choice for both companies.

Therefore, during the frequent negotiations between the North American branch of Kirin Group and ABC in the past few months, various rumors have long been revealed.

Given the strength of the two companies, it would certainly be the merger of the North American branch of the Kirin Group, or a majority stakeholding.

But there were also some other sounds coming out.

That is because of Yin Jun's character and his style of acting, I am afraid that it is not suitable to merge and hold a majority of the shares.

He should want to completely own ABC and turn ABC into his own private property.

Because before this, he did this to Disney, United Artists Film Company, or 7-11.

Although Yin Jun is a genius, the greedy and selfish character of Eastern people is still fully reflected in him.

Now the results are out, and it is indeed the case.

ABC was still fully acquired and became a member of the Kirin Group.

If the above resolutions were guessed by some, then not many people could guess another resolution by the North American branch of Kirin Group.

The merged television news network is still called ABC Television News Network, but its president is Robert Iger, the former director of the Disney Television Channel!

This decision is surprising!

Originally, everyone thought that it would be ABC's management continuing their work. After all, ABC had done very well before, and its development was very rapid and stable.

Otherwise, Yin Jun had long coveted Barry Diller, the president of Paramount, to serve as the president of the TV News Network. Yin Jun secretly met with Barry Diller several times to persuade him to join the Kirin Group. It's no secret.

And Barry Diller also prefers to be a TV news network.

Unexpectedly, a 32-year-old young man suddenly became the president of ABC Television News Network!

You know, two or three years ago, Robert Iger was just a deputy manager of ABC's marketing department, five or six levels away from the president.

Unexpectedly, after spending so many years at the Disney Channel, when he came back, he would already be on top and become everyone's boss.

For a time, Robert Iger quickly became the most watched person in the American news industry!