Chapter 769 Success Is in Sight

Doing things in the United States can sometimes take a year and a half, but sometimes it can be done very quickly.

For example, in the financial industry, what matters is timeliness. Sometimes things can change dramatically within an hour, let alone a day, so they particularly like high efficiency.

The sales negotiations between Goldman Sachs and Yin Jun have been going on for almost three weeks since the 10th. Except for the first ten days when Yin Jun negotiated with them, their next opponent became Le Yiling.

Le Yiling gave full play to her womanly qualities, being domineering, stingy, cautious, and picky about details...these personality traits together made Goldman Sachs' Colauty and Li White feel dizzy.

Of course, it doesn’t mean that they have nothing to do with Le Yiling. In fact, Le Yiling is the kind of person who “is strong without desire”. She doesn’t really like the Disney Company, which is expensive and not easy to take care of, so no matter how she threatens and Even soft words and begging were of little use to her.

As long as you do more on the price, it is possible to promote good business.

When it comes to price, if the relationship is equal or even slightly higher, can Le Yiling lose to them?

After several days of intense negotiations, everyone finally arrived at a more suitable price.

Yin Jun entrusted Goldman Sachs to package and acquire United Artists Film Company and Disney Company for US$2.8 billion. Kirin Group did not pay Goldman Sachs any additional remuneration.

On the day the entrusted acquisition contract was signed, Yin Jun paid the first deposit of US$1 billion.

The second tranche of US$1 billion was paid after the two companies were transferred to Yin Jun's name.

The last 800 million was settled within six months of the second payment.

At first glance, this price is not cheap. It only narrows the gap by US$200 million compared with what Yin Jun and Colauti negotiated.

Moreover, United Artists Film Company did not have a penny in its account. After Yin Jun bought it, he immediately had to pay an operating payment of up to 170 million US dollars, otherwise United Artists Film Company would fall apart.

Even more exaggerated is Disney.

As a listed company, Disney's actual value including debt is 2.2 billion U.S. dollars. The market value of the stock market is about 1.5 billion U.S. dollars, but their debt is as high as 1 billion U.S. dollars. This debt is not included in the acquisition price.

This means that from the day Yin Jun acquired Disney, he took over 1 billion US dollars in debt, with annual interest of up to 80 million US dollars!

Disney's financial situation was so bad before, mostly because of the high interest payments it paid every year, while its own profits did not increase significantly.

But there is nothing we can do about it.

Let’s not talk about United Art. If they were not at the end of their rope, they would not sell their shares, so the price of around 400 million is still appropriate.

Disney was different. They didn't want to sell it at all. Goldman Sachs insisted on asking Yin Jun to buy it.

As a result, the price will definitely not be lower.

On the surface, it seems that Yin Jun was deceived and bought a large vase at a high price that was not worth buying. In fact, only Le Yiling knew how much Yin Jun wanted to win Disney.

Therefore, even though the price was a bit high, Le Yiling finally agreed.

Accompanied by Le Yiling, Yin Jun went to the Xiangjiang branch of Goldman Sachs, signed an entrusted acquisition contract with Li White, and paid a deposit of US$1 billion into Goldman Sachs' account. The business was now on the right track.

Li White didn't dare to tell Yin Jun that although United Artists Film Company was settled, on Disney's side, Goldman Sachs was only actively in contact with some testing, and they didn't have any shares in Disney.

But they are so courageous, and they will wait until they receive the money.

Anyway, as long as it is a company on the stock market, as long as it is not a super giant like IBM or General Electric, Goldman Sachs has the ability to win over them.

Goldman Sachs' profit from the deal with Yin Jun is conservatively estimated at US$400 million. Such a huge profit makes Goldman Sachs very satisfied and will inevitably lead to the completion of the transaction as soon as possible.

In fact, the reason why Goldman Sachs came up with the idea to package the project and sell it to Yin Jun was because of this era.

In 1980, a wave of mergers and acquisitions began in the United States.

In this decade, more than 360,000 companies across the United States were merged and acquired, forming one large group of companies after another.

The same is true for entertainment media. Originally, there were hundreds of companies engaged in entertainment media in the United States.

But in 2020, you see, it’s just the six major media groups in Hollywood.

In such an environment, it has become much easier to acquire listed companies through the approval of the U.S. Securities and Exchange Commission (SEC) than before.

You know, before this, the SEC was notoriously strict and harsh, and few foreign companies could acquire domestic companies in the United States.

It was because of this opportunity that Columbia was sold to SONY at a sky-high price. Otherwise, would you, a Japanese company, want to acquire the top seven companies in Hollywood?

Haha, go and see if it's dark, otherwise it won't be easy to dream!

Columbia was acquired, and Yin Jun's current acquisition of United Artists Film Company are completely different things.

United Artists Film Company is said to be one of the seven major Hollywood companies, but it is the bottom one among the seven major Hollywood companies. In many cases, it is not as good as some independent second-tier film companies. It is just a big brand and seniority.

Even their ace "007" has lost its appeal over the years, which shows how lonely they are.

Colombia is a serious Hollywood giant, and its momentum was still very strong at that time.

SONY spent a total of 5 billion in cash and 1.6 billion in assumed debt, plus some agency fees, for a total of 7 billion US dollars to acquire Columbia Company, which is almost twice as much as Yin Jun's current purchase of Disney.

You know, movie companies, especially large companies, generally do not fluctuate prices too much.

In fact, Colombian companies are now worth about 6 billion--of course, including debts of about 800 million.

There are very few American companies that do not owe debts, including Apple, which will be very popular in the future. It’s not that it has no money to repay its debts. It has more than 200 billion US dollars in liquidity. It’s just that Apple likes to borrow money. What can you do with it?

That is because United Artists Film Company encountered the scam "Heaven's Gate" and was so deceived that it almost went bankrupt. Otherwise, Yin Jun would not even be able to catch up with it.

As for Disney?

hehe!

Who in the film and television industry would like this animation production company?

Goldman Sachs doesn’t think much of them, thinking they are just children’s play.

Otherwise, they would not recommend it to Yin Jun, but to someone with more money.

Yin Jun didn't know much about Goldman Sachs' thoughts, nor did he know much about capital operations.

But he knew that the contract had been signed, and with Goldman Sachs' status, there was absolutely no way he could do anything that failed to fulfill the commission.

For them, this is a huge blow that is even more uncomfortable than losing money.

If this thing fails, then when people mention Goldman Sachs in the future, they will say, "Oh, Goldman Sachs, that investment bank that received money from the Kirin Group, but in the end was unable to complete the acquisition entrustment? What use is this to them?"

How does Goldman Sachs dominate the world?

From beginning to end, isn’t it based on completing 100% of the commissions to give customers the idea of ​​​​"entrusting it to Goldman Sachs and I will rest assured"?

You promised but couldn't do it. This is really a big mistake in the financial industry.

Therefore, after signing the contract, Yin Jun began to take out a thick stack of scripts from a safe that had not been opened for a long time.

The first script at the beginning has three words on it

"The Lion King".

That’s right!

This is the super classic that brought Disney's animation department back to life.

It was also from this animated film that Disney's animation once again became famous all over the world and became the number one in the industry.

This is also known as the last glory of 2D animation.

Yin Jun plans to use it as his first signature work after acquiring Disney.

Before he becomes more powerful, Disney's path should be the same as in his previous life, slowly accumulating energy and finally soaring into the sky.

In the previous life, after Michael Eisner took over in the 1980s, Disney focused most on two aspects of development. The first was their Disney TV channel, and the second was their peripheral product stores.

Facts have proved that it was these two correct steps that brought huge profits to Disney and gave Michael Eisner the strength to produce more animated movies and acquire more and better companies in the 1990s. .

Since it is the right path, Yin Jun has no intention of changing it.

But on this basis, Juvenile decided to add all the peaks of Disney animated movies in the 1990s, so that it can develop together in animation, TV, parks and peripherals.

The first one to make a name for itself was naturally this "The Lion King".

From the perspective of Chinese people, "The Lion King" is actually a typical plot plot: the prince's father was killed, and he was forced to escape from the territory. After a series of hardships and uniting with his friends, he finally came back to take revenge. regain his throne.

But when this plot was applied to animation, coupled with exquisite production and perfect music effects, "The Lion King" caused a global sensation in 1994 and became a classic in the hearts of countless people.

Even today, "The Lion King" is performed every day in the performance venues of various Disney parks, and every time it makes a group of children scream and cheer.

The success of "The Lion King" is not just word-of-mouth, but also the jaw-dropping box office.

Excluding inflation, as of 2017, "The Lion King" ranked third in the global animated film box office rankings, second only to "Frozen" and "Toy Story 3", with a revenue of US$987 million.

But if you account for inflation, the box office of "The Lion King" is as high as 1.57 billion US dollars, far surpassing "Frozen", and it is the well-deserved first place.

This is just the box office of "The Lion King".

With Disney's peripheral product development capabilities, in the past 20 years, the sales of peripheral derivatives of "The Lion King" have exceeded 2.7 billion US dollars, and they will continue to make such profits in the future!

With such a huge global animation box office gold mine, it is only appropriate to give it to Disney as the first gift after changing ownership!

As long as Disney's animation production department is stabilized, it is a victory at this stage.

Not to mention John Lasseter, the soul of Pixar, their animation studio director is the famous Jeffrey Katzenberg!

Speaking of Katzenberg, many people may not know enough about him.

But when he mentions that after he left Disney in 1994, he founded another company with two old friends, and everyone will suddenly understand.

DreamWorks!

And the famous DreamWorks Animation was also established by him!

If it weren't for the underhanded tricks of the six Hollywood giants at that time, DreamWorks might have truly risen to become the seventh giant in Hollywood.

DreamWorks finally failed in frustration, but DreamWorks Animation has always been strong!

Knowing that such a giant is here, do you think Yin Jun can let him leave?

…

(I have been very busy recently. I only found out that the reward income has increased a lot when I checked the manuscript fees today. Looking back, I found that the second "Zhai M One Second" leader was born. I'm really sorry. Leader additions will be sent out tomorrow. superior!!)