After the team's audit and evaluation, MGM's current asset value is US$2.5 billion, which is why Zhou Buqi will quote US$2.5 billion.

However, MGM still has $3.7 billion in debt!

In other words, MGM now has negative equity, and no one wants to give it away for free. If someone buys 100% of MGM's equity for 0 yuan, it will be equivalent to a net debt of US$1.2 billion.

Fortunately, there are other ways of capital operation behind this, and debt can be bought at a low price. For example, a debt of US$3.7 billion can be packaged for US$2.5 billion.

In this way, assets are 2.5 billion US dollars and liabilities are 25 US dollars. At this time, a purchase of 0 yuan will reach a balance.

The reason why Time Warner, Lionsgate Pictures, News Corporation and other companies made a maximum offer of only US$1.8 billion is because they have completely lost confidence in MGM.

They just want MGM's content library and some of its copyrights.

This requires them to spend a huge amount of additional money on layoffs after completing the acquisition of MGM, and this cost must be included in the calculation.

To put it bluntly, the major Hollywood giants all regard MGM as a business investment rather than a strategic investment. They only value financial significance and have no longer-term strategic significance.

Recently, Zhou Buqi has been communicating more with Masayoshi Son. Many executives in Hollywood are Japanese-Americans, and Masayoshi Son has had many contacts, so he knows the inside story.

There is actually no shortage of smart people in Hollywood, and many people can also see longer-term strategic investments.

But they won't do it!

Because their main source of income is bonuses and profit sharing.

If it is a strategic-level investment, it means that they can buy MGM at a high price for the future. However, buying MGM at a high price means they will suffer huge losses this year, and they will not get bonuses and dividends.

This is a red line for executives.

If any smart young man thinks that MGM should be acquired at a high price, the powerful executives know that what he says is right, and they will collectively attack him and scold him for being ignorant and fearless.

The worst case scenario is to be left idle, and the worst case scenario is to be fired.

Then, the executives reached a unified opinion and demonstrated the unfeasibility of acquiring MGM at a high price from many angles. They believed that the deal was too uneconomical.

For them, it is okay to acquire MGM, but the prerequisite is that the price must be low and it cannot cause short-term financial losses to the company and cause damage to their own interests.

If the price is a little too high, you have to quit decisively!

It can be said that the reason why Zhou Buqi was able to successfully take over MGM was largely due to the shortcomings of the Hollywood system. Originally, Hollywood executives were far inferior to those in Silicon Valley. People on Wall Street were so smart and the system was very poor.

The result is nothing but chicken feathers all over the place.

Hedge funds are not venture capital funds like SoftBank. They are not interested in growing together with the company. They only play capital operations of fast in and fast out.

After a year of operation, it is finally successful!

The taker is here!

Zhou Buqi quoted US$2.5 billion, and they responded with a price of US$3 billion; Zhou Buqi quoted US$2.6 billion, and they secured US$2.8 billion. Zhou Buqi insisted on US$2.6 billion, and they fought for US$2.8 billion; Zhou Buqi continued to insist on US$2.6 billion.

billion, they said the bottom line is $2.7 billion.

In the end, both sides finally compromised.

Transacted for $2.65 billion!

The whole process took less than an hour. The situation at MGM is now very critical. Neither party wants to have long nights and dreams, so we need to resolve it quickly and get it over with!

Two major creditors, anchorage and hcm, bought all of MGM's debt for a total of US$1.92 billion last year and sold it for US$2.65 billion a year later, with a profit margin of 38%.

Such a rate of return is already impressive enough in the context of the economic crisis.

Victory ending!

Perfect!

Zhou Buqi is also very happy. Ziweixing Global Group has finally taken the first step to win MGM!

…

Once you have secured the creditor side, you must also secure the equity side.

That's easy.

MGM has negative equity. For the equity parties, it is really a blessing to be able to get rid of the negative equity without spending money. Masayoshi Son is handling this matter, mainly to reach an agreement with Sony.

In the evening, Zhou Buqi made a phone call to Son Zhengyi and told him about this matter.

Son Zhengyi smiled and said: "The creditors agree, that's fine. It's easy for me. This is the first step. Well... you can now consider the business issues after winning MGM."

"I already have some ideas."

"oh?"

"Do you know Summit Entertainment? It's the small independent production company that produced "The Twilight Saga."

Son Zhengyi asked: "How is it?"

Zhou Buqi said: "I admire the management team of Summit Entertainment very much. Their CEO is Bob Friedman. He was the president of Warner Distribution Company in the 1990s and later moved to Paramount as coo. He switched jobs in 2007.

When I came to Summit Entertainment as chairman and CEO, the first project I handled was the adaptation and production of "The Twilight Saga."

Masayoshi Son understood what he meant, "You mean to acquire Summit Entertainment and then let the Summit Entertainment team manage MGM?"

Zhou Buqi said: "With this plan in mind, MGM's production model has had serious problems in the past few decades. Don't think about becoming bigger and stronger in the short term, just do some simple production work first.

, make some adaptations and remakes of movies.”

"Well..." Sun Zhengyi pondered for a long time. It was difficult for him to come up with an idea for this kind of thing. He could only unconditionally trust this kid's judgment. "Actually, I also found someone."

"Who?"

"Kevin Tsujihara, President of Warner Home Entertainment."

"real?"

Zhou Buqi was pleasantly surprised. Although he didn't know who Kevin Tsujihara was, the reputation of "Warner Home Entertainment" was so great.

The home entertainment business refers to a series of peripheral developments after a movie is released from theaters, that is, promoted to TV stations, on-demand stations, and sales of video tapes and DVDs.

In this field, Warner is the leader in Hollywood!

Disney is number one in the development of derivative copyrights; Warner is number one in the development of peripheral copyrights. The leader of Warner's business is the president of Warner Home Entertainment.

This is the core executive of Warner Bros. Group!

In fact, this is indeed the case.

Warner Bros. Group has several subsidiaries, such as Warner Productions, Warner Distribution, Warner Home Entertainment, Warner Animation Studios, DC Pictures, Warner Television Productions, etc. From a common sense point of view, Warner Studios has the highest status

, the company responsible for the production of all Warner films.

However, after Warner Bros. chairman and CEO Barry Meyer retired in 2013, the successor he chose was surprising, and it turned out to be Kevin Tsujihara!

Kevin Tsujihara worked at Warner Bros. for decades, and finally moved from behind the scenes to the front desk, and then he drifted away... He used to do movie DVD sales and TV station promotions. This kind of work was very monotonous and he had little contact with Hollywood female stars.

But after becoming the CEO of Warner Bros., he will have to manage all of Warner's businesses, including the production business. The production business includes the selection of actresses.

Then, this guy took advantage of his power to play with unspoken rules, cheating in marriage, auditioning on red sofas, and sleeping with a bunch of actresses. This is okay, it has been a common practice in Hollywood for hundreds of years, and everyone understands it tacitly.

However, he was unlucky. One of the unspoken female celebrities had a problem and was not very obedient. When the "metoo" movement broke out, he was exposed, and he had no choice but to resign sadly.

Son Zhengyi said: "He is a Japanese-American. I have talked with him several times and we had a great time."

"oh."

Zhou Buqi understood now.

Japanese!

This is Son’s confidant.

But it's not important. Zhou Buqi has no intention of relying on Ziweixing Global for personal gain or playing tricks. He is doing business openly and is not afraid of others sending people to supervise him. He smiled and said: "As long as they are talented people, I will take them all! Don't say goodbye.

Yes, just saying that he is the president of Warner Home Entertainment is difficult to explain!"

Son Zhengyi breathed a sigh of relief and was very happy with his cooperation. "He promised me that as long as we can provide suitable positions, he is willing to change jobs."

Zhou Buqi said boldly and authentically: "No problem!"

Son Zhengyi coughed lightly, "It has to go to Universal Pictures, not MGM."

Zhou Buqi said: "What about Universal Pictures? I can give you an explanation right now. I will appoint him as the vice president of Ziweixing Universal and concurrently as the president of Ziweixing Universal Home Entertainment Business Group! I will appoint him as the vice president of Ziweixing Universal Home Entertainment Business Group!"

, MGM, Marvel, DreamWorks and other companies’ home entertainment business are all handed over to him. Go tell him and ask him to complete the resignation procedures as soon as possible!”

Time Warner Group has a subsidiary, Warner Bros. Group, and Warner Bros. Group has a subsidiary, Warner Home Entertainment. In other words, Kevin Tsujihara is just the president of Time Warner Sun.

I switched jobs and came to Ziweixing Global, where I was directly promoted to Vice President of the Group and President of the Large Business Division. I was promoted in my position.

After ending the call, Zhou Buqi walked out of the study. Along the way, there were four young and beautiful mixed-race girls standing on both sides of the corridor, laughing and whispering.

The four of them were personal maids selected by Zhou Buqi, and they followed him wherever he went. They were all wearing cool uniform red short skirts, and their necks, arms, belly buttons, and big white legs were all revealing their youthful sex appeal.

When they saw the male host coming out, they all stopped talking and bowed -

"gentlemen!"

"gentlemen!"

"gentlemen!"

There is no way, I don't know the language very well, I can only say this sentence.

Zhou Buqi nodded and walked around to find Senior Sister Zhen Yu. He felt that the time was almost there and he had been "in love" for several months. It was time to take action.

But they found that Senior Sister Zhen Yu was communicating with Sun Wanran and Ning Lu.

Zhou Buqi was not in a hurry, so he turned around and went to Aunt Xue's room. This level had to be passed first. Elders, please inform her. When he walked to the door, the maid opened and closed the door, and then stood guard in the corridor again.

Already.

The bedroom is large and is a four-suite suite with a master bedroom, bathroom, dressing room and balcony.

After searching around, I saw Aunt Xue wearing a black sports bra, posing in a horse posture on the balcony, bending down and practicing yoga.

Zhou Buqi couldn't help but sigh.

Aunt Xue works so hard!
Chapter completed!