"In principle, there is no problem with these. I was originally planning to spend a sum of money to renovate the two parks. As for overseas tour groups, I will naturally try my best. This is also good for me, but I am not too sure. When people come to travel, the biggest cost is not the park fee." Chen Zhiwen said after thinking about it.
One of the reasons for Disney's decline is that the two major parks are getting older and older, lack funds, and have no new projects. This has led to fewer people coming and falling rents, forming a vicious cycle.
To recover, a large amount of external funds are necessary for renovations, new projects, and publicity. However, the most important thing is in the entertainment field. Disney needs to restore its previous strong popularity. In fact, only strong popularity can attract More people, that is to say, the park itself needs the support of the entertainment industry, otherwise such a large and heavy asset would have died long ago.
"Actually, the Ministry of Commerce still supports your acquisition. They also hope that you can participate more in investment in the United States. In fact, they are also interested in using you as a template to attract other international capital, such as those from Europe and Japan. , as long as it’s not a sensitive industry!” Jim Hughes said with a smile: “President Reagan’s strategy in recent years is actually to attract a large amount of foreign investment to the United States to ensure local employment in the United States, and everything must have a balance. If If foreign capital at home cannot invest freely, then U.S. capital may be restricted when going to other countries. At least with so many allies of the U.S., we can't force them all."
"Then I have taken advantage of President Reagan. If the Ministry of Commerce agrees, will there be any other problems in the White House Council later?" Chen Zhiwen asked again.
Although the U.S. government and capital are not good things, some basic rules will still be followed. After all, global trade and capital freedom were proposed by the United States. The original intention is to use the powerful capital of the United States to harvest other countries, but the economy Under colonization, a certain degree of reciprocal rules also need to be observed. For example, foreign capital can also invest and acquire in the United States. After all, even the British military colonization a hundred years ago openly acquiesced in the sale of colonial goods to the United Kingdom. Free trade.
Of course, given the strong industrial capabilities of the UK at that time, it was naturally the UK that mainly exported various industrial products. The same is true for the United States today. To a greater extent, US capital harvests industries or companies with potential in other countries.
Even if Disney's performance is normal, this kind of enterprise will not have the chance to be acquired by foreign capital. It can only be said that it is difficult to make cheap money in the United States. Most of them will be played by American capital. For example, in a few years, they will desperately buy in the United States. The Japanese consortium in the building, but with the golden finger of the prophet, they can still find a loophole.
"Yes, but don't worry. This will happen in large-scale acquisitions, even mergers and acquisitions between domestic companies in the United States. Some congressmen will always come out to find trouble with zz capital for the sake of fame. We will be responsible for this matter, but because there are With these people here, I'm afraid it will take a little time in the follow-up." Jim Hughes explained: "There are many things in the parliament. Once someone is looking for trouble, a hearing needs to be held. In this case, it may take a while, but we are here. This acquisition does not involve national security or environmental pollution. Those congressmen only grasped American culture, which is of no great use. Capital is the most important thing."
"Okay, that means you basically just have to wait for the follow-up?" Chen Zhiwen asked.
"Yes, just wait for our good news." Jim Hughes nodded and said.
"OK, this acquisition went very smoothly. If there are other acquisitions in the future, Morgan Stanley will be my top priority." Chen Zhiwen said with a smile. Regardless of whether it is true or not, let's draw the pie first. Besides, with Cooperating with such a large consortium with resources and connections makes it much easier for you to do many things, and all you need to pay is to constantly inform the other party of some high-yield projects that you cannot participate in investment. In fact, for you, it is almost No cost.
"It's a great honor to serve you. We at Morgan Stanley are willing to cooperate with people like Che Display for long-term mutual benefit." Jim Hughes said with a smile. Their consortium is currently studying the two investment directions proposed by Chen Zhiwen before. One They are junk bonds within the United States, and the other are sovereign bonds in South America.
Although no changes can be seen because of the short time, the most basic logical analysis is correct, that is, as long as oil prices remain low, the U.S. economy will inevitably recover. Junk bonds have strong leverage properties. Once profits are made, That is definitely not low, and the economy in South America will also slowly return to normal with the long-term low oil prices. In this way, although the country may not become stronger or better, the bond issue will also be able to repay. In particular, the IMF and the World Bank have begun negotiations with countries such as Argentina and Brazil.
Chen Zhiwen himself has invested heavily in farms in South America, which also makes the Morgan consortium feel that South America, which has a large amount of high-quality land, can at least have a stable income in terms of food. After all, according to the World Bank's predictions, the future global population , it is only a matter of time before it exceeds 10 billion, and with so many countries in Asia, if the economy rises, the demand for grain and meat will definitely be high.
As for the core of the problem: oil prices, there is now a solution. Europe and the United States, as the most developed regions in the world, have been cheated by the Middle East twice in consecutive years. No one can tolerate it. The United States and other developed countries in Europe and the United States have promoted the establishment of oil reserves. large-scale projects to ensure that even if there is no oil import, it can have 90 days of reserves. At the same time, the United States, military, and bases have begun to concentrate on the Middle East and have begun to make good friends with these countries.
The most important thing is that Europe and the United States have begun to encourage the development of oil in places other than the Middle East and polar bears on a large scale, and their orders will also be distributed to these places.
Although it is difficult to eliminate the dependence on Middle East oil, at least it will be much better.
Taking into account various international factors, the two investment projects proposed by Chen Zhiwen are very feasible. Morgan Stanley has also begun to encourage its various clients to invest in these two aspects in order to obtain profit dividends from them.
"Well, okay, I need to go back to Hong Kong in a few days. Keep in touch with me at any time." Chen Zhiwen nodded and said.
In Hong Kong, with the improvement of infrastructure, mobile phone is now available, which makes Chen Zhiwen's business communication much more convenient. No matter where he is (within Hong Kong), he can receive news from Europe and the United States at any time. In the communications industry, A big explosion is about to happen.
Naturally, his next goal is Land. Land also acquired the Hong Kong Telephone Company a year ago. This is actually one of Chen Zhiwen's plans. Land is a British-owned company. Basically, it only requires money to acquire the Hong Kong Telephone Company, but for It's much more difficult for him.
But if Land acquires the Hong Kong Telephone Company first, then when it acquires Land, it will naturally enter the telecommunications field.
…
As the boss behind this acquisition, Chen Zhiwen has basically completed what he should do. The most difficult part of the acquisition is to decide on the final price and agree to some conditions from the other party or the government. As for the subsequent arrangements for the company's management, who should be found as the group CEO? , or the future strategic development direction of the company, etc., are all things that need to be prepared after a successful acquisition.
He has set up all the time points very well. As long as Disney gets it, the follow-up will go on as planned.
However, this time I came to the United States, not only to acquire Disney, but also to make a small acquisition.
Departing from New York City, Chen Zhiwen's private plane took three hours to arrive in Los Angeles.
In an office in a super building, Henry Morgan took out a contract and said with a smile: "Eric, this is the acquisition intention agreement of the Los Angeles Lakers. Their offer was US$28 million. Later I arranged for Morgan Stanley to People negotiated with them for more than a month, and finally priced the property at US$23.8 million, and they wouldn’t sell it any lower.”
"2380?" Chen Zhiwen smiled, took the document, and read it carefully.
That is to say, basketball has not yet begun to rise in the United States. Otherwise, when Jordan leads the NBA to global popularity in ten years, the number 2380 may not be enough to buy a basketball star with some ability.
There is nothing special about the conditions in the document. It is a normal transaction. The contracts of all basketball members of the Lakers are transferred with the transaction, as well as several basketball courts and sports and fitness facilities in Los Angeles. Of course, the most important thing is 13 million dollar liabilities.
No way, normal companies will have liabilities, and Disney is the same. Even the predecessor of Costco, which was acquired a few years ago, still has liabilities. If you want to acquire it, you will naturally have to bear it. However, the transaction price has actually deducted the liabilities.
"How is it?" Henry Morgan asked after a while.
"It looks like there is no problem. Let's wait until I hand over the contract to my legal team for a look." Chen Zhiwen said.
Although the transaction negotiations are handed over to the Morgan consortium, or sometimes other investment banks are chosen, or other investment banks are selected for acquisitions and investments outside the United States, the legal aspects of the contract require multiple reviews. Chen Zhiwen has long had We have our own international legal team and also cooperate with many large local law firms to provide multiple insurances to avoid various legal disputes that may arise.
Even the debt aspect is the same. Investment banks will investigate debt issues, and Chen Zhiwen will also arrange for people to investigate. Although the secret investigation cannot see the financial data of the other party, he only needs to investigate various large liabilities, and other small ones. Even if it is concealed, it will not have much impact, and there is an accountability mechanism.
"OK, let me know when you're sure." Henry Morgan nodded and said.
"Don't worry, as long as there are no problems, it can be done in a few days." Chen Zhiwen said with a smile.
(End of chapter)
