Chapter 724: 724
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"The boss, independent news media group, basically agreed to sell its UK Du and Sunday du to you for a nominal price of £ 1 (US $1.50), as well as the Du website..."
Andy is languidly leaning on the boss's chair, listening to the report of the negotiation team who went to fleet street to look for the acquisition target, and his fingers are gently rotating back and forth on the mouth of the coffee cup.
"Conditions."
Of course, there is no free lunch in the world. You should know that Newsweek, which he bought with one dollar, has a debt of nearly 200 million dollars, let alone a loss. No one dares to take advantage of this kind of cheapness.
So, after Andy bought Newsweek for one dollar and released the news to the public, the stock price of Washington Post, the former owner, rose by more than 10% on the same day. The market is very optimistic about the future of post group after it has rid itself of this burden.
Andy brought this mode of operation to the UK again. It's hard to say that he is still very interested in this way of acquisition. The risk is to invest in the initial period of time and the future of newspapers. After all, can the downhill road be stopped? It's not Andy who can control it. We need to know that the rapid development of new media such as TV and Internet leads to a large market share of paper media Shrinking is an indisputable reality.
"Du Li news media group of Ireland bears the debt and employee salary owed by the newspaper which is in the loss state at present. The precondition of one pound acquisition is to invest five million pounds in INM and guarantee that the contract with INM will not be terminated within five years..."
"Hiss --"
Andy can't help hissing. The upward curve of the corner of his mouth is obviously raised, which is full of irony. "Let them continue to dream!"
Hearing the big boss's cynicism, the subordinate in charge of the negotiation nodded: "based on the impertinent request of the other party, we have made a notice to suspend the negotiation. At the same time, we have also announced the progress of the negotiation to prevent the other party from using the acquisition to raise the share price."
"Well, it's done well. I like to take advantage of others, but I hate the things that people take advantage of. Let's hang them out first. Ha ha, the loss of more than 12 million pounds per year will make them see the reality, give them a chance to throw off the burden and bite me. It's greedy enough! "
Andy blinked, took a sip of coffee, and didn't care what he said to make a group of subordinates in front of him peep at each other.
The team members who are in charge of the acquisition can't be clearer about their big boss's idea of taking advantage. After many acquisition wars, they can also understand the big boss's temperament, know what kind of conditions are acceptable and what kind of bottom line can't be touched. Therefore, when the investment is required by INM, it will take five years to exit without withdrawing the capital The negotiator directly gathered up the documents and terminated the negotiation. In the face of a group of people in INM, he left the negotiation hall directly with others.
The people of INM group are obviously confused. They really think that they are the only ones who are willing to help them get rid of the burden. They not only don't appreciate it, but also want to make a profit. They really want to be blind.
"Jerry, what's the matter with you?" Andy looks at the leader on the left of his desk and asks with a smile.
"Our negotiation with the daily mail group is relatively smooth. The 182 year old British standard evening news is the only national evening news that needs to be paid to buy in the UK at present. Due to the annual loss of about 10 million pounds, plus the emergence of" London Evening News "and" light of London "in London in 2006, readers are gradually lost and the operation is becoming increasingly difficult.
The daily mail is very pleased with our presence. They hold 75.1% of the shares and are willing to sell at a low price of £ 1 million. However, the remaining 24.9% of the shares are held by the associated press, which has rejected our offer of £ 300000. "
Andy could not help but frown and ask, "what's the situation of the associated press?"
"The light of London, which was published at the same time as Murdoch's London Evening News last year, is the Lianhe newspaper. It's all the regional Xing evening news route." Jerry explained.
"Well, is it another shareholder who refuses to let go? He he, he is still a competitor. " Andy nodded, his eyes flashed a brilliant light, chuckled to himself.
"Have you got some details of the British standard evening news?"
"Although it has a long history, its financial situation is not complicated. It's just that the newspaper department is overstaffed. If the boss decides to take over, the reform is imperative. Layoffs are the first to bear the brunt, so as to save costs and reduce newspaper losses."
Andy's eyes narrowed slightly. He just smiled at his subordinates' suggestions. No one could deny it, but no one knew. His brain had been turning rapidly. A more and more clear plan appeared in his mind. Finally, it took shape. His heart could not help murmuring, "isn't it a million pounds? What can we do when we are floating? Once the plan is successful, we can't disturb it Move Fleet Street, eliminate other opponents and become unicorns again. "
"Jerry, in the afternoon, you will sign a purchase agreement with the daily mail group, submit the purchase application to the British antitrust agency, and let the daily mail group find a way to finish the trial as soon as possible, let alone they can't even do this." Andy sits up straight, his face serious.It's no doubt that his acquisition of newspapers in the UK is not a business, but for the sake of discourse and influence. The credibility and historical position of British standard evening news, which has survived for 182 years, are undoubted. Although the sales volume has shrunk to 250000 copies per day, it is undoubtedly a good experimental object, even if it will make the whole Fleet Street curses, but does he care?
When the two acquisition teams left, Andy shook his boss's chair and looked at the gray London sky. "It seems that he will stay for a few days."
In the afternoon of the same day, Jerry signed the acquisition agreement on behalf of Andy and the daily mail group. Andy submitted the acquisition application to the British anti-monopoly agency on the same day. With the help of the daily mail group, the trial was accelerated.
Two days later in the morning, the home of the British newspaper was fleet street.
Today's fleet street is more related to the judiciary. There are more courts and law firms in and around the street. Almost all the newspapers that used to be in or near Fleet Street have been relocated, while the 182 year old British standard evening news still has no choice to leave.
Near the main road, a granite trapezoid corner building with a two meter wide front red wooden arch is the location of the British standard evening news.
In the hall of the standard evening news, Andy and the representatives of the daily mail carried out the final acquisition process under the witness of the CEO of the Lianhe news agency and many journalists. The two quickly signed their names under the flash light and exchanged the equity transfer contract. Of course, the transaction was reached long ago. Today, it's not a matter of pretense. The key is the press conference afterwards.
Next Andy did not choose to let reporters ask questions, but chose to make his voice officially in London for the first time.
"The standard evening news, founded at the end of the 18th century, has a history of nearly 200 years. It not only witnessed the rise and fall of the British Empire, but also went through the American Civil War and two world wars. As we all know, each newspaper in Britain has its own subjective position and attracts a group of loyal readers with the same idea.
It is aimed at the middle class in the UK. It is also insightful in dealing with current affairs. Slang is rarely used in words. For many foreigners, it can also be used as a textbook for improving English.
I'm very proud to have this 182 year old precious newspaper. We will have a series of reforms and innovations to strengthen the position and influence of standard newspaper in London. Standard newspaper will still adhere to the middle class line, keep the same level without spilling blood, and won't attract the eyes with scary headlines... "
Andy left the press conference in a flash and a variety of shouting questions. Under the guidance of Marlins, the general manager of standard newspaper, he took his team behind him, the original management of standard newspaper and the representatives of Lianhe newspaper to the conference room on the fourth floor.
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"The boss, independent news media group, basically agreed to sell its UK Du and Sunday du to you for a nominal price of £ 1 (US $1.50), as well as the Du website..."
Andy is languidly leaning on the boss's chair, listening to the report of the negotiation team who went to fleet street to look for the acquisition target, and his fingers are gently rotating back and forth on the mouth of the coffee cup.
"Conditions."
Of course, there is no free lunch in the world. You should know that Newsweek, which he bought with one dollar, has a debt of nearly 200 million dollars, let alone a loss. No one dares to take advantage of this kind of cheapness.
So, after Andy bought Newsweek for one dollar and released the news to the public, the stock price of Washington Post, the former owner, rose by more than 10% on the same day. The market is very optimistic about the future of post group after it has rid itself of this burden.
Andy brought this mode of operation to the UK again. It's hard to say that he is still very interested in this way of acquisition. The risk is to invest in the initial period of time and the future of newspapers. After all, can the downhill road be stopped? It's not Andy who can control it. We need to know that the rapid development of new media such as TV and Internet leads to a large market share of paper media Shrinking is an indisputable reality.
"Du Li news media group of Ireland bears the debt and employee salary owed by the newspaper which is in the loss state at present. The precondition of one pound acquisition is to invest five million pounds in INM and guarantee that the contract with INM will not be terminated within five years..."
"Hiss --"
Andy can't help hissing. The upward curve of the corner of his mouth is obviously raised, which is full of irony. "Let them continue to dream!"
Hearing the big boss's cynicism, the subordinate in charge of the negotiation nodded: "based on the impertinent request of the other party, we have made a notice to suspend the negotiation. At the same time, we have also announced the progress of the negotiation to prevent the other party from using the acquisition to raise the share price."
"Well, it's done well. I like to take advantage of others, but I hate the things that people take advantage of. Let's hang them out first. Ha ha, the loss of more than 12 million pounds per year will make them see the reality, give them a chance to throw off the burden and bite me. It's greedy enough! "
Andy blinked, took a sip of coffee, and didn't care what he said to make a group of subordinates in front of him peep at each other.
The team members who are in charge of the acquisition can't be clearer about their big boss's idea of taking advantage. After many acquisition wars, they can also understand the big boss's temperament, know what kind of conditions are acceptable and what kind of bottom line can't be touched. Therefore, when the investment is required by INM, it will take five years to exit without withdrawing the capital The negotiator directly gathered up the documents and terminated the negotiation. In the face of a group of people in INM, he left the negotiation hall directly with others.
The people of INM group are obviously confused. They really think that they are the only ones who are willing to help them get rid of the burden. They not only don't appreciate it, but also want to make a profit. They really want to be blind.
"Jerry, what's the matter with you?" Andy looks at the leader on the left of his desk and asks with a smile.
"Our negotiation with the daily mail group is relatively smooth. The 182 year old British standard evening news is the only national evening news that needs to be paid to buy in the UK at present. Due to the annual loss of about 10 million pounds, plus the emergence of" London Evening News "and" light of London "in London in 2006, readers are gradually lost and the operation is becoming increasingly difficult.
The daily mail is very pleased with our presence. They hold 75.1% of the shares and are willing to sell at a low price of £ 1 million. However, the remaining 24.9% of the shares are held by the associated press, which has rejected our offer of £ 300000. "
Andy could not help but frown and ask, "what's the situation of the associated press?"
"The light of London, which was published at the same time as Murdoch's London Evening News last year, is the Lianhe newspaper. It's all the regional Xing evening news route." Jerry explained.
"Well, is it another shareholder who refuses to let go? He he, he is still a competitor. " Andy nodded, his eyes flashed a brilliant light, chuckled to himself.
"Have you got some details of the British standard evening news?"
"Although it has a long history, its financial situation is not complicated. It's just that the newspaper department is overstaffed. If the boss decides to take over, the reform is imperative. Layoffs are the first to bear the brunt, so as to save costs and reduce newspaper losses."
Andy's eyes narrowed slightly. He just smiled at his subordinates' suggestions. No one could deny it, but no one knew. His brain had been turning rapidly. A more and more clear plan appeared in his mind. Finally, it took shape. His heart could not help murmuring, "isn't it a million pounds? What can we do when we are floating? Once the plan is successful, we can't disturb it Move Fleet Street, eliminate other opponents and become unicorns again. "
"Jerry, in the afternoon, you will sign a purchase agreement with the daily mail group, submit the purchase application to the British antitrust agency, and let the daily mail group find a way to finish the trial as soon as possible, let alone they can't even do this." Andy sits up straight, his face serious.It's no doubt that his acquisition of newspapers in the UK is not a business, but for the sake of discourse and influence. The credibility and historical position of British standard evening news, which has survived for 182 years, are undoubted. Although the sales volume has shrunk to 250000 copies per day, it is undoubtedly a good experimental object, even if it will make the whole Fleet Street curses, but does he care?
When the two acquisition teams left, Andy shook his boss's chair and looked at the gray London sky. "It seems that he will stay for a few days."
In the afternoon of the same day, Jerry signed the acquisition agreement on behalf of Andy and the daily mail group. Andy submitted the acquisition application to the British anti-monopoly agency on the same day. With the help of the daily mail group, the trial was accelerated.
Two days later in the morning, the home of the British newspaper was fleet street.
Today's fleet street is more related to the judiciary. There are more courts and law firms in and around the street. Almost all the newspapers that used to be in or near Fleet Street have been relocated, while the 182 year old British standard evening news still has no choice to leave.
Near the main road, a granite trapezoid corner building with a two meter wide front red wooden arch is the location of the British standard evening news.
In the hall of the standard evening news, Andy and the representatives of the daily mail carried out the final acquisition process under the witness of the CEO of the Lianhe news agency and many journalists. The two quickly signed their names under the flash light and exchanged the equity transfer contract. Of course, the transaction was reached long ago. Today, it's not a matter of pretense. The key is the press conference afterwards.
Next Andy did not choose to let reporters ask questions, but chose to make his voice officially in London for the first time.
"The standard evening news, founded at the end of the 18th century, has a history of nearly 200 years. It not only witnessed the rise and fall of the British Empire, but also went through the American Civil War and two world wars. As we all know, each newspaper in Britain has its own subjective position and attracts a group of loyal readers with the same idea.
It is aimed at the middle class in the UK. It is also insightful in dealing with current affairs. Slang is rarely used in words. For many foreigners, it can also be used as a textbook for improving English.
I'm very proud to have this 182 year old precious newspaper. We will have a series of reforms and innovations to strengthen the position and influence of standard newspaper in London. Standard newspaper will still adhere to the middle class line, keep the same level without spilling blood, and won't attract the eyes with scary headlines... "
Andy left the press conference in a flash and a variety of shouting questions. Under the guidance of Marlins, the general manager of standard newspaper, he took his team behind him, the original management of standard newspaper and the representatives of Lianhe newspaper to the conference room on the fourth floor.
"The boss, independent news media group, basically agreed to sell its UK Du and Sunday du to you for a nominal price of 1 US $1.50, as well as the Du website..." Andy is languidly leaning on the boss's chair, listening to the report of the negotiation team who went to fleet street to look for the acquisition target, and his fingers are gently rotating back and forth on the mouth of the coffee cup. "Conditions." Of course, there is no free lunch in the world. You should know that Newsweek, which he bought with one dollar, has a debt of nearly 200 million dollars, let alone a loss. No one dares to take advantage of this kind of cheapness. So, after Andy bought Newsweek for one dollar and released the news to the public, the stock price of Washington Post, the former owner, rose by more than 10% on the same day. The market is very optimistic about the future of post group after it has rid itself of this burden. Andy brought this mode of operation to the UK again. It's hard to say that he is still very interested in this way of acquisition. The risk is to invest in the initial period of time and the future of newspapers. After all, can the downhill road be stopped? It's not Andy who can control it. We need to know that the rapid development of new media such as TV and Internet leads to a large market share of paper media Shrinking is an indisputable reality. "Du Li news media group of Ireland bears the debt and employee salary owed by the newspaper which is in the loss state at present. The precondition of one pound acquisition is to invest five million pounds in INM and guarantee that the contract with INM will not be terminated within five years..." "Hiss --" Andy can't help hissing. The upward curve of the corner of his mouth is obviously raised, which is full of irony. "Let them continue to dream!" Hearing the big boss's cynicism, the subordinate in charge of the negotiation nodded: "based on the impertinent request of the other party, we have made a notice to suspend the negotiation. At the same time, we have also announced the progress of the negotiation to prevent the other party from using the acquisition to raise the share price." "Well, it's done well. I like to take advantage of others, but I hate the things that people take advantage of. Let's hang them out first. Ha ha, the loss of more than 12 million pounds per year will make them see the reality, give them a chance to throw off the burden and bite me. It's greedy enough! " Andy blinked, took a sip of coffee, and didn't care what he said to make a group of subordinates in front of him peep at each other. The team members who are in charge of the acquisition can't be clearer about their big boss's idea of taking advantage. After many acquisition wars, they can also understand the big boss's temperament, know what kind of conditions are acceptable and what kind of bottom line can't be touched. Therefore, when the investment is required by INM, it will take five years to exit without withdrawing the capital The negotiator directly gathered up the documents and terminated the negotiation. In the face of a group of people in INM, he left the negotiation hall directly with others. The people of INM group are obviously confused. They really think that they are the only ones who are willing to help them get rid of the burden. They not only don't appreciate it, but also want to make a profit. They really want to be blind. "Jerry, what's the matter with you?" Andy looks at the leader on the left of his desk and asks with a smile. "Our negotiation with the daily mail group is relatively smooth. The 182 year old British standard evening news is the only national evening news that needs to be paid to buy in the UK at present. Due to the annual loss of about 10 million pounds, plus the emergence of" London Evening News "and" light of London "in London in 2006, readers are gradually lost and the operation is becoming increasingly difficult. The daily mail is very pleased with our presence. They hold 75.1% of the shares and are willing to sell at a low price of 1 million. However, the remaining 24.9% of the shares are held by the associated press, which has rejected our offer of 300000. " Andy could not help but frown and ask, "what's the situation of the associated press?" "The light of London, which was published at the same time as Murdoch's London Evening News last year, is the Lianhe newspaper. It's all the regional Xing evening news route." Jerry explained. "Well, is it another shareholder who refuses to let go? He he, he is still a competitor. " Andy nodded, his eyes flashed a brilliant light, chuckled to himself. "Have you got some details of the British standard evening news?" "Although it has a long history, its financial situation is not complicated. It's just that the newspaper department is overstaffed. If the boss decides to take over, the reform is imperative. Layoffs are the first to bear the brunt, so as to save costs and reduce newspaper losses." Andy's eyes narrowed slightly. He just smiled at his subordinates' suggestions. No one could deny it, but no one knew. His brain had been turning rapidly. A more and more clear plan appeared in his mind. Finally, it took shape. His heart could not help murmuring, "isn't it a million pounds? What can we do when we are floating? Once the plan is successful, we can't disturb it Move Fleet Street, eliminate other opponents and become unicorns again. " "Jerry, in the afternoon, you will sign a purchase agreement with the daily mail group, submit the purchase application to the British antitrust agency, and let the daily mail group find a way to finish the trial as soon as possible, let alone they can't even do this." Andy sits up straight, his face serious.It's no doubt that his acquisition of newspapers in the UK is not a business, but for the sake of discourse and influence. The credibility and historical position of British standard evening news, which has survived for 182 years, are undoubted. Although the sales volume has shrunk to 250000 copies per day, it is undoubtedly a good experimental object, even if it will make the whole Fleet Street curses, but does he care? When the two acquisition teams left, Andy shook his boss's chair and looked at the gray London sky. "It seems that he will stay for a few days." In the afternoon of the same day, Jerry signed the acquisition agreement on behalf of Andy and the daily mail group. Andy submitted the acquisition application to the British anti-monopoly agency on the same day. With the help of the daily mail group, the trial was accelerated. Two days later in the morning, the home of the British newspaper was fleet street. Today's fleet street is more related to the judiciary. There are more courts and law firms in and around the street. Almost all the newspapers that used to be in or near Fleet Street have been relocated, while the 182 year old British standard evening news still has no choice to leave. Near the main road, a granite trapezoid corner building with a two meter wide front red wooden arch is the location of the British standard evening news. In the hall of the standard evening news, Andy and the representatives of the daily mail carried out the final acquisition process under the witness of the CEO of the Lianhe news agency and many journalists. The two quickly signed their names under the flash light and exchanged the equity transfer contract. Of course, the transaction was reached long ago. Today, it's not a matter of pretense. The key is the press conference afterwards. Next Andy did not choose to let reporters ask questions, but chose to make his voice officially in London for the first time. "The standard evening news, founded at the end of the 18th century, has a history of nearly 200 years. It not only witnessed the rise and fall of the British Empire, but also went through the American Civil War and two world wars. As we all know, each newspaper in Britain has its own subjective position and attracts a group of loyal readers with the same idea. It is aimed at the middle class in the UK. It is also insightful in dealing with current affairs. Slang is rarely used in words. For many foreigners, it can also be used as a textbook for improving English. I'm very proud to have this 182 year old precious newspaper. We will have a series of reforms and innovations to strengthen the position and influence of standard newspaper in London. Standard newspaper will still adhere to the middle class line, keep the same level without spilling blood, and won't attract the eyes with scary headlines... "Andy left the press conference in a flash and a variety of shouting questions. Under the guidance of Marlins, the general manager of standard newspaper, he took his team behind him, the original management of standard newspaper and the representatives of Lianhe newspaper to the conference room on the fourth floor.
