Chapter 1236: 1236
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"NBC global! I'm very interested! "
Hearing Andy's words on the phone, Buffett, who was frowning and unhappy, was relieved. His brow stretched out and he smiled. The lion's big talk that he worried about before didn't appear. It was just a matter of bridging. It's not difficult for him. As expected, he is a smart and prudent young man.
"Haha, you guys seem to have a great obsession with the media empire. However, NBC global is not cheap. Even in the current economic situation, it costs at least 20 billion dollars. Can you eat it?"
Hearing Warren Buffett's laugh, Andy couldn't help but raise his eyebrows and say, "even if I eat, do you think GM will really sell NBC global to me?"
"No, that's their mouthpiece of public opinion. Even if they promise to trade, they will trade conditionally, and they will cling to shares and board seats."
Andy had psychological preparation for Warren's judgment. However, if he wants to quickly build a media empire of sufficient scale, he can only do it through capital operation. Although AMC TV station has a strong momentum of rise, he really can't compare with NBC, ABC and CBS, or even surpass them.
This time Warren brought news, which undoubtedly gave him a chance to take advantage of. If it works properly, it may not be able to fulfill his dream of media empire.
"I've helped. I think GM CEO Jeffrey Immelt, who is in a difficult situation, will be very willing to meet you. When will you go back to New York, I can make an appointment to play golf with you. It's autumn, and it's cool, and you won't refuse it because it's too hot?"
"Ha ha, of course, and I'm really improving now. Playing football is my best sport!" Andy raised his eyebrows slightly, with a bad smile on the corner of his mouth.
It's a pity that his words are no different from those for the deaf. The old rascal didn't hear Andy's pun. He just laughed at Andy's skills and agreed on the time of contact, which ended the communication.
After hanging up, Andy took out his cell phone to send a text message to Al in New York, asking the think tank group to sort out GE's details. He was definitely thinking of NBC Global's business after hearing the news. Although this made his prepared acquisition plan a little confused, the opportunity was fleeting and could not be let go.
If he can join NBC global, the acquisition of AMC cinema will be dispensable. At this moment, Andy's ambition is expanding again, and his eyes are shining.
Half an hour later, Andy opens the video connection, starts the video conference, listens to his subordinates to report to him all the information collected by GE, as well as their analysis and judgment.
“。。。 Unlike banks, GE Capital itself has limited deposits and is in a very difficult position.
The high leverage that GE Capital used before was supported by the high performance at that time. However, now, the profit of financial business is declining, Ge is in a tense state of operation, causing market panic and stock price crash, and capital operation is in trouble.
In addition, recently, the government has strengthened the supervision of "non banking system important financial institutions", so GE Capital is unable to carry out various highly leveraged financial operations, which has become a heavy burden for the parent company.
The company's credit guarantee rating has been lowered, resulting in higher financing costs and further shrinking profits. The loopholes and risks exposed by GE Capital make investors put more pressure on Ge to return to specialization and reduce finance.
It can be said that current CEO Jeff Immelt has slowly lost the trust of the board of directors, and continues to consolidate his position with external forces and good news. "
Listening to the analysis of the think tank, Andy felt his chin and said thoughtfully: "how can ge say that its market value has exceeded 600 billion? Are they really short of money? Or do you just want to boost the stock price through this financing and eliminate the panic of investors? "
"Boss, they don't even have a market value of 300 billion yuan. It's because of their large size that they are even short of money. Once the capital chain breaks, it may collapse instantly. This is not alarmist."
Alvert explains the question to Andy seriously, and continues to show the data to prove it.
"As of July 17, GE's second quarter results showed that the company's net profit for the quarter was $2.67 billion, far lower than the $5.07 billion in the same period of the previous year. Revenue also fell to $39.08 billion from $46.84 billion last year.
According to all the data analysis, last year, the company spent $33 billion of its $45 billion in pre tax revenue to keep the business running, and the remaining $12 billion could not even pay off the interest generated by its $43 billion debt.
By July, Ge had net tangible assets of just $17 billion, but its debt to assets ratio was as high as 3000% -- more than $500 billion in debt. This means that once the asset base value drops by 3.3%, all its tangible assets will be zero!So GE has to find more sources of funding. With the capital market reluctant to lend a hand, its only way out may be to cut costs and sell assets.
Since the first quarter of this year, many Wall Street analysts have been urging CEO Jeff Immelt to divest NBC global and consumer finance businesses after the news that GE is about to sell or spin off its home appliance business.
The former is the main reason for the decrease of GE's profit, while the latter is not in line with the development strategy of GE's parent company focusing on industry, finance and health care.
As far as I can guess, Jeff Immelt has probably accepted the above suggestions, and even if they are assisted by external forces this time, Ge should start to prepare to start saving money and selling off mismatched assets. "
Andy's eyes brightened a little, and then he looked at the members of the think tank in the video window. After his eyes focused on Al's face, he said seriously, "if I proposed to buy NBC global now, Jeff Immelt might be happy to see it, right?"
Al's face slightly coagulated, and the members of the think tank in the conference room also looked at each other. For the big boss to come here suddenly, he was a little speechless. Although the capital was sufficient, he could also annex NBC global at one stroke, but what about the acquisition plan prepared before?
But after all, they are just working. Big boss can change their goals naturally. What they do is to serve big boss. Several data analysts of the think tank immediately gathered together and began to sort out the data of NBC global.
After a moment's frowning and contemplation, Al asked, "boss, do you want to acquire wholly or just control NBC global?"
"For a wholly-owned acquisition, Ge may not agree, and I do not intend to spend too much cash on NBC global. As long as I become the largest shareholder and control NBC global, I can then..."
Although Andy didn't say it completely, the Al who knew his boss peed naturally knew what the boss didn't say. Did he nibble at it slowly? "Then, AMC TV, Summit Entertainment, Weinstein film discount plus cash to complete the absolute holding of NBC global, but in this way, we will inevitably be under pressure in the negotiation, if we add Marvel group... "
" that's definitely not the case. I won't look at one thing and lose the other. I won't use Marvel group to do business! " Andy did not even blink an eye, directly rejected al's proposal to marvel.
"Hulu video, I think it has a huge attraction for NBC global, so that we can have some advantages in the negotiation. Of course, if we want to succeed in this matter, the key person is Jeff Immelt, CEO of General Electric."
Hearing al's analysis, Andy nodded a little, then smirked confidently: "don't worry, even if the acquisition is not successful, I will make a profit in Ge this time!"
"Boss, do you want to invest in Ge preferred stock?" "It's not like my boss's thinking," asked Al, with a slight frown of uncertainty.
"Ha ha, how could it be that I don't have so much patience and time to wait for their performance to gradually improve. Aren't they going to cash out $12 billion of common stock? Ha ha, you say, if Warren Buffett and I, the genius who is touted as the God of wealth, become shareholders of Ge at the same time, do you think their share price will soar? "
heard the plan of big BOSS, and then nodded his face and smiled. He make complaints about his own boss.
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"NBC global! I'm very interested! "
Hearing Andy's words on the phone, Buffett, who was frowning and unhappy, was relieved. His brow stretched out and he smiled. The lion's big talk that he worried about before didn't appear. It was just a matter of bridging. It's not difficult for him. As expected, he is a smart and prudent young man.
"Haha, you guys seem to have a great obsession with the media empire. However, NBC global is not cheap. Even in the current economic situation, it costs at least 20 billion dollars. Can you eat it?"
Hearing Warren Buffett's laugh, Andy couldn't help but raise his eyebrows and say, "even if I eat, do you think GM will really sell NBC global to me?"
"No, that's their mouthpiece of public opinion. Even if they promise to trade, they will trade conditionally, and they will cling to shares and board seats."
Andy had psychological preparation for Warren's judgment. However, if he wants to quickly build a media empire of sufficient scale, he can only do it through capital operation. Although AMC TV station has a strong momentum of rise, he really can't compare with NBC, ABC and CBS, or even surpass them.
This time Warren brought news, which undoubtedly gave him a chance to take advantage of. If it works properly, it may not be able to fulfill his dream of media empire.
"I've helped. I think GM CEO Jeffrey Immelt, who is in a difficult situation, will be very willing to meet you. When will you go back to New York, I can make an appointment to play golf with you. It's autumn, and it's cool, and you won't refuse it because it's too hot?"
"Ha ha, of course, and I'm really improving now. Playing football is my best sport!" Andy raised his eyebrows slightly, with a bad smile on the corner of his mouth.
It's a pity that his words are no different from those for the deaf. The old rascal didn't hear Andy's pun. He just laughed at Andy's skills and agreed on the time of contact, which ended the communication.
After hanging up, Andy took out his cell phone to send a text message to Al in New York, asking the think tank group to sort out GE's details. He was definitely thinking of NBC Global's business after hearing the news. Although this made his prepared acquisition plan a little confused, the opportunity was fleeting and could not be let go.
If he can join NBC global, the acquisition of AMC cinema will be dispensable. At this moment, Andy's ambition is expanding again, and his eyes are shining.
Half an hour later, Andy opens the video connection, starts the video conference, listens to his subordinates to report to him all the information collected by GE, as well as their analysis and judgment.
“。。。 Unlike banks, GE Capital itself has limited deposits and is in a very difficult position.
The high leverage that GE Capital used before was supported by the high performance at that time. However, now, the profit of financial business is declining, Ge is in a tense state of operation, causing market panic and stock price crash, and capital operation is in trouble.
In addition, recently, the government has strengthened the supervision of "non banking system important financial institutions", so GE Capital is unable to carry out various highly leveraged financial operations, which has become a heavy burden for the parent company.
The company's credit guarantee rating has been lowered, resulting in higher financing costs and further shrinking profits. The loopholes and risks exposed by GE Capital make investors put more pressure on Ge to return to specialization and reduce finance.
It can be said that current CEO Jeff Immelt has slowly lost the trust of the board of directors, and continues to consolidate his position with external forces and good news. "
Listening to the analysis of the think tank, Andy felt his chin and said thoughtfully: "how can ge say that its market value has exceeded 600 billion? Are they really short of money? Or do you just want to boost the stock price through this financing and eliminate the panic of investors? "
"Boss, they don't even have a market value of 300 billion yuan. It's because of their large size that they are even short of money. Once the capital chain breaks, it may collapse instantly. This is not alarmist."
Alvert explains the question to Andy seriously, and continues to show the data to prove it.
"As of July 17, GE's second quarter results showed that the company's net profit for the quarter was $2.67 billion, far lower than the $5.07 billion in the same period of the previous year. Revenue also fell to $39.08 billion from $46.84 billion last year.
According to all the data analysis, last year, the company spent $33 billion of its $45 billion in pre tax revenue to keep the business running, and the remaining $12 billion could not even pay off the interest generated by its $43 billion debt.
By July, Ge had net tangible assets of just $17 billion, but its debt to assets ratio was as high as 3000% -- more than $500 billion in debt. This means that once the asset base value drops by 3.3%, all its tangible assets will be zero!So GE has to find more sources of funding. With the capital market reluctant to lend a hand, its only way out may be to cut costs and sell assets.
Since the first quarter of this year, many Wall Street analysts have been urging CEO Jeff Immelt to divest NBC global and consumer finance businesses after the news that GE is about to sell or spin off its home appliance business.
The former is the main reason for the decrease of GE's profit, while the latter is not in line with the development strategy of GE's parent company focusing on industry, finance and health care.
As far as I can guess, Jeff Immelt has probably accepted the above suggestions, and even if they are assisted by external forces this time, Ge should start to prepare to start saving money and selling off mismatched assets. "
Andy's eyes brightened a little, and then he looked at the members of the think tank in the video window. After his eyes focused on Al's face, he said seriously, "if I proposed to buy NBC global now, Jeff Immelt might be happy to see it, right?"
Al's face slightly coagulated, and the members of the think tank in the conference room also looked at each other. For the big boss to come here suddenly, he was a little speechless. Although the capital was sufficient, he could also annex NBC global at one stroke, but what about the acquisition plan prepared before?
But after all, they are just working. Big boss can change their goals naturally. What they do is to serve big boss. Several data analysts of the think tank immediately gathered together and began to sort out the data of NBC global.
After a moment's frowning and contemplation, Al asked, "boss, do you want to acquire wholly or just control NBC global?"
"For a wholly-owned acquisition, Ge may not agree, and I do not intend to spend too much cash on NBC global. As long as I become the largest shareholder and control NBC global, I can then..."
Although Andy didn't say it completely, the Al who knew his boss peed naturally knew what the boss didn't say. Did he nibble at it slowly? "Then, AMC TV, Summit Entertainment, Weinstein film discount plus cash to complete the absolute holding of NBC global, but in this way, we will inevitably be under pressure in the negotiation, if we add Marvel group... "
" that's definitely not the case. I won't look at one thing and lose the other. I won't use Marvel group to do business! " Andy did not even blink an eye, directly rejected al's proposal to marvel.
"Hulu video, I think it has a huge attraction for NBC global, so that we can have some advantages in the negotiation. Of course, if we want to succeed in this matter, the key person is Jeff Immelt, CEO of General Electric."
Hearing al's analysis, Andy nodded a little, then smirked confidently: "don't worry, even if the acquisition is not successful, I will make a profit in Ge this time!"
"Boss, do you want to invest in Ge preferred stock?" "It's not like my boss's thinking," asked Al, with a slight frown of uncertainty.
"Ha ha, how could it be that I don't have so much patience and time to wait for their performance to gradually improve. Aren't they going to cash out $12 billion of common stock? Ha ha, you say, if Warren Buffett and I, the genius who is touted as the God of wealth, become shareholders of Ge at the same time, do you think their share price will soar? "
heard the plan of big BOSS, and then nodded his face and smiled. He make complaints about his own boss.
"NBC global! I'm very interested! " Hearing Andy's words on the phone, Buffett, who was frowning and unhappy, was relieved. His brow stretched out and he smiled. The lion's big talk that he worried about before didn't appear. It was just a matter of bridging. It's not difficult for him. As expected, he is a smart and prudent young man. "Haha, you guys seem to have a great obsession with the media empire. However, NBC global is not cheap. Even in the current economic situation, it costs at least 20 billion dollars. Can you eat it?" Hearing Warren Buffett's laugh, Andy couldn't help but raise his eyebrows and say, "even if I eat, do you think GM will really sell NBC global to me?" "No, that's their mouthpiece of public opinion. Even if they promise to trade, they will trade conditionally, and they will cling to shares and board seats." Andy had psychological preparation for Warren's judgment. However, if he wants to quickly build a media empire of sufficient scale, he can only do it through capital operation. Although AMC TV station has a strong momentum of rise, he really can't compare with NBC, ABC and CBS, or even surpass them. This time Warren brought news, which undoubtedly gave him a chance to take advantage of. If it works properly, it may not be able to fulfill his dream of media empire. "I've helped. I think GM CEO Jeffrey Immelt, who is in a difficult situation, will be very willing to meet you. When will you go back to New York, I can make an appointment to play golf with you. It's autumn, and it's cool, and you won't refuse it because it's too hot?" "Ha ha, of course, and I'm really improving now. Playing football is my best sport!" Andy raised his eyebrows slightly, with a bad smile on the corner of his mouth. It's a pity that his words are no different from those for the deaf. The old rascal didn't hear Andy's pun. He just laughed at Andy's skills and agreed on the time of contact, which ended the communication. After hanging up, Andy took out his cell phone to send a text message to Al in New York, asking the think tank group to sort out GE's details. He was definitely thinking of NBC Global's business after hearing the news. Although this made his prepared acquisition plan a little confused, the opportunity was fleeting and could not be let go. If he can join NBC global, the acquisition of AMC cinema will be dispensable. At this moment, Andy's ambition is expanding again, and his eyes are shining. Half an hour later, Andy opens the video connection, starts the video conference, listens to his subordinates to report to him all the information collected by GE, as well as their analysis and judgment. Unlike banks, GE Capital itself has limited deposits and is in a very difficult position. The high leverage that GE Capital used before was supported by the high performance at that time. However, now, the profit of financial business is declining, Ge is in a tense state of operation, causing market panic and stock price crash, and capital operation is in trouble. In addition, recently, the government has strengthened the supervision of "non banking system important financial institutions", so GE Capital is unable to carry out various highly leveraged financial operations, which has become a heavy burden for the parent company. The company's credit guarantee rating has been lowered, resulting in higher financing costs and further shrinking profits. The loopholes and risks exposed by GE Capital make investors put more pressure on Ge to return to specialization and reduce finance. It can be said that current CEO Jeff Immelt has slowly lost the trust of the board of directors, and continues to consolidate his position with external forces and good news. " Listening to the analysis of the think tank, Andy felt his chin and said thoughtfully: "how can ge say that its market value has exceeded 600 billion? Are they really short of money? Or do you just want to boost the stock price through this financing and eliminate the panic of investors? " "Boss, they don't even have a market value of 300 billion yuan. It's because of their large size that they are even short of money. Once the capital chain breaks, it may collapse instantly. This is not alarmist." Alvert explains the question to Andy seriously, and continues to show the data to prove it. "As of July 17, GE's second quarter results showed that the company's net profit for the quarter was $2.67 billion, far lower than the $5.07 billion in the same period of the previous year. Revenue also fell to $39.08 billion from $46.84 billion last year. According to all the data analysis, last year, the company spent $33 billion of its $45 billion in pre tax revenue to keep the business running, and the remaining $12 billion could not even pay off the interest generated by its $43 billion debt. By July, Ge had net tangible assets of just $17 billion, but its debt to assets ratio was as high as 3000% -- more than $500 billion in debt. This means that once the asset base value drops by 3.3%, all its tangible assets will be zero!So GE has to find more sources of funding. With the capital market reluctant to lend a hand, its only way out may be to cut costs and sell assets. Since the first quarter of this year, many Wall Street analysts have been urging CEO Jeff Immelt to divest NBC global and consumer finance businesses after the news that GE is about to sell or spin off its home appliance business. The former is the main reason for the decrease of GE's profit, while the latter is not in line with the development strategy of GE's parent company focusing on industry, finance and health care. As far as I can guess, Jeff Immelt has probably accepted the above suggestions, and even if they are assisted by external forces this time, Ge should start to prepare to start saving money and selling off mismatched assets. " Andy's eyes brightened a little, and then he looked at the members of the think tank in the video window. After his eyes focused on Al's face, he said seriously, "if I proposed to buy NBC global now, Jeff Immelt might be happy to see it, right?" Al's face slightly coagulated, and the members of the think tank in the conference room also looked at each other. For the big boss to come here suddenly, he was a little speechless. Although the capital was sufficient, he could also annex NBC global at one stroke, but what about the acquisition plan prepared before? But after all, they are just working. Big boss can change their goals naturally. What they do is to serve big boss. Several data analysts of the think tank immediately gathered together and began to sort out the data of NBC global. After a moment's frowning and contemplation, Al asked, "boss, do you want to acquire wholly or just control NBC global?" "For a wholly-owned acquisition, Ge may not agree, and I do not intend to spend too much cash on NBC global. As long as I become the largest shareholder and control NBC global, I can then..." Although Andy didn't say it completely, the Al who knew his boss peed naturally knew what the boss didn't say. Did he nibble at it slowly? "Then, AMC TV, Summit Entertainment, Weinstein film discount plus cash to complete the absolute holding of NBC global, but in this way, we will inevitably be under pressure in the negotiation, if we add Marvel group... "" that's definitely not the case. I won't look at one thing and lose the other. I won't use Marvel group to do business! " Andy did not even blink an eye, directly rejected al's proposal to marvel. "Hulu video, I think it has a huge attraction for NBC global, so that we can have some advantages in the negotiation. Of course, if we want to succeed in this matter, the key person is Jeff Immelt, CEO of General Electric." Hearing al's analysis, Andy nodded a little, then smirked confidently: "don't worry, even if the acquisition is not successful, I will make a profit in Ge this time!" "Boss, do you want to invest in Ge preferred stock?" "It's not like my boss's thinking," asked Al, with a slight frown of uncertainty. "Ha ha, how could it be that I don't have so much patience and time to wait for their performance to gradually improve. Aren't they going to cash out $12 billion of common stock? Ha ha, you say, if Warren Buffett and I, the genius who is touted as the God of wealth, become shareholders of Ge at the same time, do you think their share price will soar? " heard the plan of big BOSS, and then nodded his face and smiled. He make complaints about his own boss.
