Chapter 144： start acquisition
The next day, William Chen met the people sent by Goldman Sachs to connect the two businesses. Fortunately, it was the two partners, not the VP.
VP is commonly known as vice president. This title sounds bluffing, but in US investment banks, VP is not a senior position. It can be said that there are as many as dogs. Goldman Sachs alone has more than 12,000 vice presidents around the world.
To put it bluntly, their vice presidents are equivalent to senior salesmen, but these vice presidents of Goldman Sachs often need to negotiate with the senior management of some companies. You send a salesman to communicate with the management of others, even if the size of others It's far inferior to Goldman Sachs, but that's not the case. In addition, you are a salesman doing business for me, why is the charge so high?
Well, we don't call it a salesman, we call it a VP, that is, a vice president. How about it? Let me take a picture of the vice president to talk about business with you. Is it more comfortable to charge a higher fee?
It's like when an American investment bank first entered China, and they talked with the four major banks. When they saw that Goldman Sachs had a VP, well, we also called our VP-level personnel to receive it... But I came back later. After tasting it, I understood what was going on.
The two who came here today, one named Aaron Cobbs, is in charge of fund custody; the other, Camilo Hagen, is in charge of acquisitions.
Aaron Cobbs directly contacted John Paulson, discussed with him the expansion of the No. 3 Fund, continued to absorb funds, and will introduce powerful investors to him.
After explaining to William Chen the situation of Marvel that he was currently investigating, Camilo Hagen also went to work and began to organize a team to represent William Chen and contact Marvel's shareholders and management.
According to him, because many of Marvel's shareholders are Goldman Sachs customers, Goldman Sachs is very aware of their financial situation. After the subprime mortgage crisis, the damage is now increasing, and many of them are There's already been huge losses, so they'd be more than happy to sell their Marvel shares, which don't see any hope of improvement at this point, in exchange for money to save their other assets.
Regarding the acquisition price, Camilo Hagen believes that although William Chen invested in Marvel, its valuation could reach 2.5 billion US dollars, but the situation is different now, and the economic situation in the entire United States is not good. , and most importantly, Marvel still has a lot of foreign debt in various banks, and now they want to continue financing, it is not so easy.
Moreover, their two films, which have just been approved, cannot see the effect at all, but they need continuous investment, which is very pessimistic in the current economic situation.
Therefore, on the whole, the acquisition of Marvel, $2 billion is a more appropriate price, and it can't be any lower. After all, Marvel is different from other companies whose stock prices have plummeted. For those other companies, during the real estate boom, the stock price has risen to a relatively high position, and on this basis, there will be a great decline.
And Marvel has been in the trough all these years. It can be said that the valuation has been compressed to a very low range. Now even if the price can be reduced, it will not be too much. After all, those shareholders are not fools. , at this price, if you don't buy it, just leave it alone.
Therefore, considering that there may be other competitors, such as Disney, whose strength is not seriously damaged at this time, if he pushes too hard, it is difficult to guarantee that after the other party sends an olive branch, Marvel will not sell itself to them, so Chen William agreed. Acquired with their plan.
Of course, an acquisition involving such a large amount will definitely not be completed in a short time. Although Marvel has not yet been listed, its shareholders, management and creditors are very complicated, requiring Goldman Sachs to spend time on their respective persuade.
...
After that, with a call from his uncle John Drey, William Chen went to Washington.
Earlier today, John Paulson sent a letter to the investors of the No. 3 Fund. In the letter, he disclosed that so far, the No. 3 Fund is in the correct direction. According to preliminary calculations, the fund's profit has exceeded 400%...
After seeing the letter, John Del Rey also called to inquire about the situation of William Chen's fund, and then asked him to come to Washington, where his grandfather George Del Rey wanted to see him.
This is also the first time William Chen has seen his grandfather who is the whip of the donkey party since he came to this world.
Since becoming the whip of the Donkey Party, his grandfather has often lived near the Capitol Hill. After having dinner with his grandfather and his uncle's family at his grandfather's house, William Chen followed his grandfather into the study.
The conversation between the two continued for a long time, and William Chen also got a lot of advice from George Drey and answered some of his questions.
Regarding the subprime mortgage crisis, it was the focus of the conversation between the two. Through this conversation, he also became clear about more things that he needed to pay attention to in this crisis.
William Chen could feel that the Dre family, including grandfather and uncle, were very satisfied with their recent performance.
After this conversation with George Del Rey, Chen did not return to New York, but went straight to Silicon Valley.
"William, long time no see. I have used yours too. It's a very good software."
In a coffee shop, William Chen met his target, Yang Zhiyuan, the founder of Yahoo. As soon as he met, he praised William Chen's chat software.
"It's just a gadget. It's incomparable to your achievements. Jerry, I see you this time, mainly for two things."
Hearing Chen William say this, Yang Zhiyuan's face showed a bit of interest and asked, "Are you ready to accept investment?"
It seems that he is really concerned about it, and it is understandable. After all, this chat software for mobile terminals may be the most dazzling project in Silicon Valley during this period of time. After all, it is possible to register in such a short time. The number of people exceeds 10 million, and it is increasing rapidly every day. It can indeed be said to be a phenomenal product.
"That's not true, Jerry. You should know about the recent situation in Silicon Valley. With the deterioration of the economy, the unemployment rate is getting higher and higher. In Silicon Valley, Asian engineers are the first to bear the brunt, including Chinese, Indians and others. Asians, the situation is not very good."
Hearing this, Yang Zhiyuan frowned slightly, and said helplessly: "Yes, it is true, the environment is like this, even Yahoo is preparing to lay off employees, and now for companies in Silicon Valley, survival is the only way to survive. It is the most important I also have Chinese blood, Jerry, so I think that since I have the ability, it is necessary to do something in this to help these people. And you have Asian descent A lot of influence, so hopefully we can do something together."
William Chen said to Yang Zhiyuan seriously.
"Oh? What are your thoughts, William." Yang Zhiyuan asked with great interest.
"I hope you, Jerry, can take the lead, along with some other influential Asian friends, and we will work together to build a charitable organization for minorities, especially Asian Americans, to help those who are in trouble and fund their education. To overcome difficulties, or to provide them with other help. Besides you, I am also planning to contact Ms. Wendi Deng to join this charity organization, but you are the most influential person in this organization, so I hope this organization can be managed by you Come take the lead."
"Well, this matter is indeed very meaningful, and I am very willing to do my part. Well, I recently contacted other well-known Asian people I met to organize and make this thing happen."
Yang Zhiyuan also agreed with Chen William's statement very much, so he happily agreed.
This is also one of the gains that William Chen got after talking with his grandfather George Drey this time, that is, in the United States, the more famous you are, the safer you are.
Chen William now not only has the support of the Drey family, but also needs to have more wealthy friends at the upper level. His half-white blood can help him integrate into that circle more easily. And his other half of Chinese descent is also a very important resource, that is, he can get more supporters of ethnic minorities. For example, the charity organization he is going to do now is to support ethnic minorities, especially Asians. gain wider support.
VP is commonly known as vice president. This title sounds bluffing, but in US investment banks, VP is not a senior position. It can be said that there are as many as dogs. Goldman Sachs alone has more than 12,000 vice presidents around the world.
To put it bluntly, their vice presidents are equivalent to senior salesmen, but these vice presidents of Goldman Sachs often need to negotiate with the senior management of some companies. You send a salesman to communicate with the management of others, even if the size of others It's far inferior to Goldman Sachs, but that's not the case. In addition, you are a salesman doing business for me, why is the charge so high?
Well, we don't call it a salesman, we call it a VP, that is, a vice president. How about it? Let me take a picture of the vice president to talk about business with you. Is it more comfortable to charge a higher fee?
It's like when an American investment bank first entered China, and they talked with the four major banks. When they saw that Goldman Sachs had a VP, well, we also called our VP-level personnel to receive it... But I came back later. After tasting it, I understood what was going on.
The two who came here today, one named Aaron Cobbs, is in charge of fund custody; the other, Camilo Hagen, is in charge of acquisitions.
Aaron Cobbs directly contacted John Paulson, discussed with him the expansion of the No. 3 Fund, continued to absorb funds, and will introduce powerful investors to him.
After explaining to William Chen the situation of Marvel that he was currently investigating, Camilo Hagen also went to work and began to organize a team to represent William Chen and contact Marvel's shareholders and management.
According to him, because many of Marvel's shareholders are Goldman Sachs customers, Goldman Sachs is very aware of their financial situation. After the subprime mortgage crisis, the damage is now increasing, and many of them are There's already been huge losses, so they'd be more than happy to sell their Marvel shares, which don't see any hope of improvement at this point, in exchange for money to save their other assets.
Regarding the acquisition price, Camilo Hagen believes that although William Chen invested in Marvel, its valuation could reach 2.5 billion US dollars, but the situation is different now, and the economic situation in the entire United States is not good. , and most importantly, Marvel still has a lot of foreign debt in various banks, and now they want to continue financing, it is not so easy.
Moreover, their two films, which have just been approved, cannot see the effect at all, but they need continuous investment, which is very pessimistic in the current economic situation.
Therefore, on the whole, the acquisition of Marvel, $2 billion is a more appropriate price, and it can't be any lower. After all, Marvel is different from other companies whose stock prices have plummeted. For those other companies, during the real estate boom, the stock price has risen to a relatively high position, and on this basis, there will be a great decline.
And Marvel has been in the trough all these years. It can be said that the valuation has been compressed to a very low range. Now even if the price can be reduced, it will not be too much. After all, those shareholders are not fools. , at this price, if you don't buy it, just leave it alone.
Therefore, considering that there may be other competitors, such as Disney, whose strength is not seriously damaged at this time, if he pushes too hard, it is difficult to guarantee that after the other party sends an olive branch, Marvel will not sell itself to them, so Chen William agreed. Acquired with their plan.
Of course, an acquisition involving such a large amount will definitely not be completed in a short time. Although Marvel has not yet been listed, its shareholders, management and creditors are very complicated, requiring Goldman Sachs to spend time on their respective persuade.
...
After that, with a call from his uncle John Drey, William Chen went to Washington.
Earlier today, John Paulson sent a letter to the investors of the No. 3 Fund. In the letter, he disclosed that so far, the No. 3 Fund is in the correct direction. According to preliminary calculations, the fund's profit has exceeded 400%...
After seeing the letter, John Del Rey also called to inquire about the situation of William Chen's fund, and then asked him to come to Washington, where his grandfather George Del Rey wanted to see him.
This is also the first time William Chen has seen his grandfather who is the whip of the donkey party since he came to this world.
Since becoming the whip of the Donkey Party, his grandfather has often lived near the Capitol Hill. After having dinner with his grandfather and his uncle's family at his grandfather's house, William Chen followed his grandfather into the study.
The conversation between the two continued for a long time, and William Chen also got a lot of advice from George Drey and answered some of his questions.
Regarding the subprime mortgage crisis, it was the focus of the conversation between the two. Through this conversation, he also became clear about more things that he needed to pay attention to in this crisis.
William Chen could feel that the Dre family, including grandfather and uncle, were very satisfied with their recent performance.
After this conversation with George Del Rey, Chen did not return to New York, but went straight to Silicon Valley.
"William, long time no see. I have used yours too. It's a very good software."
In a coffee shop, William Chen met his target, Yang Zhiyuan, the founder of Yahoo. As soon as he met, he praised William Chen's chat software.
"It's just a gadget. It's incomparable to your achievements. Jerry, I see you this time, mainly for two things."
Hearing Chen William say this, Yang Zhiyuan's face showed a bit of interest and asked, "Are you ready to accept investment?"
It seems that he is really concerned about it, and it is understandable. After all, this chat software for mobile terminals may be the most dazzling project in Silicon Valley during this period of time. After all, it is possible to register in such a short time. The number of people exceeds 10 million, and it is increasing rapidly every day. It can indeed be said to be a phenomenal product.
"That's not true, Jerry. You should know about the recent situation in Silicon Valley. With the deterioration of the economy, the unemployment rate is getting higher and higher. In Silicon Valley, Asian engineers are the first to bear the brunt, including Chinese, Indians and others. Asians, the situation is not very good."
Hearing this, Yang Zhiyuan frowned slightly, and said helplessly: "Yes, it is true, the environment is like this, even Yahoo is preparing to lay off employees, and now for companies in Silicon Valley, survival is the only way to survive. It is the most important I also have Chinese blood, Jerry, so I think that since I have the ability, it is necessary to do something in this to help these people. And you have Asian descent A lot of influence, so hopefully we can do something together."
William Chen said to Yang Zhiyuan seriously.
"Oh? What are your thoughts, William." Yang Zhiyuan asked with great interest.
"I hope you, Jerry, can take the lead, along with some other influential Asian friends, and we will work together to build a charitable organization for minorities, especially Asian Americans, to help those who are in trouble and fund their education. To overcome difficulties, or to provide them with other help. Besides you, I am also planning to contact Ms. Wendi Deng to join this charity organization, but you are the most influential person in this organization, so I hope this organization can be managed by you Come take the lead."
"Well, this matter is indeed very meaningful, and I am very willing to do my part. Well, I recently contacted other well-known Asian people I met to organize and make this thing happen."
Yang Zhiyuan also agreed with Chen William's statement very much, so he happily agreed.
This is also one of the gains that William Chen got after talking with his grandfather George Drey this time, that is, in the United States, the more famous you are, the safer you are.
Chen William now not only has the support of the Drey family, but also needs to have more wealthy friends at the upper level. His half-white blood can help him integrate into that circle more easily. And his other half of Chinese descent is also a very important resource, that is, he can get more supporters of ethnic minorities. For example, the charity organization he is going to do now is to support ethnic minorities, especially Asians. gain wider support.
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