Chapter 575 Acquisition Completed

On November 20, former Federal Reserve Chairman Alan Greenspan said at a business conference that the housing market downturn and the credit crisis will continue to have a negative impact on the U.S. economy, but the probability of the U.S. economy falling into recession is "less than 50%."

Soon after, Bush Jr. also publicly stated that although there are still problems in the housing and credit markets, the fundamentals of the U.S. economy are solid and he is optimistic about the prospects of the U.S. economy.

Putting aside these optimistic remarks about the U.S. economy, Barron was still quite busy during his time in California.

After meeting with Ivanta, he returned to Los Angeles and spent a few days with Fan Bingbing and the children.

Fan Bingbing had just finished filming "Skyfall" and returned to Los Angeles - after all, strictly speaking, although she can be called the second "Bond girl" in this movie, she didn't have too many scenes.

In addition, this movie will also be released in Huaxia, so as an actress who participated in it, Fan Bingbing will also participate in the promotion of movies including Huaxia next year.

However, at this time, because of the hot broadcast of "Battle of Succession", Fan Bingbing, who played the role of "stepmother" in this TV series, has also gained considerable popularity in Europe and the United States.

After a period of time, Fan Bingbing will return to China with her two children after resting, and Gucci will announce that she will become their brand spokesperson for Greater China.

It can be said that this also means that Fan Bingbing's fashion resources will become the top range in the Chinese film and television industry.

"I will live in China most of the time in the future, here..."

After handing the two children to the maid, Barron hugged Fan Bingbing and said to her:

"It's okay, there will always be someone to take care of this place, just come and live here when you come to America."

Hearing Barron's words, Fan Bingbing was still very happy in her heart, which also shows her status in his heart.

Just like Fan Bingbing said, in addition to occasionally appearing in some Hollywood movies, she will spend most of her time in mainland China. Besides, except for the scripts she particularly likes, she will not take on some ordinary film and television dramas. She will focus on Tianhe Film and Television Investment and invest in some Chinese film and television projects.

Speaking of Tianhe Investment, their largest project in China, Nanjing Automobile Group, has achieved very good results after the joint venture with British Automobile Group.

First of all, Tianhe British Automobile, a subsidiary of Nanjing Automobile Group, has the domestic distribution rights of all brands of British Automobile Group.

After Barron visited China before, his fleet in Yanjing, the grand show attracted the attention of many domestic tycoons, especially Barron's car, Bentley's new flagship Mulsanne model, which is very popular with those billionaires in China.

It is worth mentioning that because of his relationship with Barron, Boss Ma's car at this time has been replaced by a BMW with an extended version of Bentley Mulsanne, instead of the 6.2-meter Maybach in the original time and space.

In addition to Boss Ma, Pany Ma also chose Bentley Mulsanne as his car, which also made domestic billionaires start to focus on this model.

It is true that only billionaires can afford to buy this car. The price of Bentley Mulsanne is much more expensive than the original time and space - accordingly, its materials are more luxurious. The lowest-equipped Mulsanne is priced at more than 500,000 US dollars. It can be said that if it comes to China, it is a luxury car worth tens of millions.

But the minds of these billionaires are different from those of ordinary people. When they choose their own cars, the more expensive they are, the more popular they are. Of course, the premise is that there is a reason for the high price.

As for the joint venture brand, Nanjing Yingqi's biggest move this year, in addition to launching the domestic versions of Land Rover and Jaguar's overseas models, Land Rover also launched a new model in China that was modified specifically according to the preferences of Chinese users-Shanhai.

It means that this car has strong performance and can cross mountains and seas effortlessly.

Shanhai continues the consistent style of Land Rover. It is square and looks very solid. It is powerful. Once launched, it has emerged as a new force among the million-level luxury SUVs and has become one of the best-selling luxury SUVs in China so far in the second half of this year.

"By the way, baby, when you return to China, please visit Alibaba's boss Ma on my behalf."

"Are you talking about their company's listing?"

After hearing Barron's words, Fan Bingbing immediately reacted to Alibaba's recent developments.

"Not only that, Boss Ma has good connections. In this regard, Tianhe Capital can still contact him more in China in the future."

At the beginning of this month, Alibaba successfully listed its B2B business in HK.

Barron did not pay too much attention to Alibaba's listing, because he knew that Alibaba would decide to delist from HK in a few years. It would be the time to establish Alibaba's position in China when they were listed in the United States.

However, in addition to this, Barron also knew that in the future, Boss Ma would also split Alipay and other businesses from Alibaba. In the original time and space, Softbank and Yahoo also had some conflicts with Boss Ma because of this.

But now on Barron's side, if Boss Ma uses the excuse that foreign investment is temporarily not allowed in Alipay, then at that time, Tianhe Capital, a Chinese company, can completely take over the shares in this area...

And as Barron said, Boss Ma is a member of the Taishan Club, which includes many business leaders headed by Lenovo's Boss Liu, and Boss Ma is also very prestigious among Zhejiang businessmen. Tianhe Capital mainly develops in China, and Boss Ma's connections still need to be used.

Fan Bingbing knew that she was a "layman" in business before, and had great deficiencies, so she relied heavily on Barron's opinions in this regard.

So after Barron's instructions, she immediately agreed.

...

On November 20, Reuters Group announced that it accepted SEM Group's acquisition plan. From now on, the two companies will officially start the merger process.

In SEM Group's initial acquisition plan, because SEM Group already holds more than 30% of Reuters Group's shares, they will use about 4.05 billion pounds of funds, plus the issuance of 49 million new shares, to complete the acquisition of the remaining shares of Reuters Group, thus making Reuters Group a wholly-owned subsidiary.

However, after Thomson Group's acquisition of Reuters Group was rejected by the antitrust agencies of Britain and the United States, the two sides renegotiated the acquisition.

At this time, the situation they faced was different from that in May this year.

At that time, the stock price of SEM Group was around 41.15 pounds. Based on this price, the total acquisition price of Reuters Group paid by SEM Group, plus cash, was 8.68 billion pounds.

But now, SEM Group's stock price has fallen to around 38.75 pounds due to the global economic situation. According to this calculation, the total acquisition price of Reuters Group under this acquisition plan has been reduced to 8.512 billion pounds.

However, the share price of Reuters Group also fell accordingly, but their shareholders prefer to get cash rather than exchange shares...

Therefore, SEM Group finally decided to acquire Reuters Group in the form of all cash - they will spend 5.95 billion pounds to acquire the remaining shares of Reuters Group and complete its privatization acquisition.

The Cavendish Trust Foundation took out 950 million pounds to purchase convertible bonds of SEM Group - they can convert this debt into common shares of SEM Group at any time within two years at the average price of 30 trading days at that time.

For the remaining 5 billion pounds, SEM Group obtained loan lines from Barclays Bank and Standard Chartered Bank for this acquisition.

It is expected that the merger of SEM Group and Reuters Group will be completed before February next year, when Reuters Group will merge some of its media businesses with related businesses under SEM Group, while Reuters Group will continue to maintain its operational independence as a wholly-owned subsidiary of SEM Group.

In addition, Reuters Group will sell its information business overseas through Reuters International, which is supervised by the original Reuters Founders AG, to ensure that the information services they provide continue to comply with Reuters' five core principles.