Reborn Tech Maniac

Chapter 936 This Is Hereditary

The reports of mainstream newspapers are not just on the front page. On this day, the "New York Times" has 14 articles about this merger; articles.

As a result, the concept, preparation, and every detail of the birth of M&A are under the microscope and analyzed comprehensively and thoroughly.

What is this a "big merger of the century", "terrible super-large merger", "a combination of courage and brilliance", "a super marriage between the earth and cyberspace" and so on, and so on, emerge in endlessly.

At the same time, the acquisition of AOL Time Warner Turner also appeared on the cover of all major weekly magazines.

The cover article of "Business Weekly" reads that the digital new media will develop faster than the traditional old media, and eventually surpass the latter; the leader of the network economy will become the ruling group in the 21st century.And this acquisition is proof that a new world order is taking shape.

AOL Time Warner Turner's own "Time" magazine naturally also has a voice, but it mostly adopts the seemingly objective form of interviewing third-party professionals.

For example, the famous Silicon Valley investor Roger Melnami said, "This is the biggest transformational event I have seen in my career."

There is even a sense of wonder - Tang moved the headquarter of America Online to Rockefeller Center, which may have foreseen the current super mergers and acquisitions!If he still wants to satisfy the appetite of AOL, it is estimated that Tang can only buy Wal-Mart.

Of course, while there are supporters, there must also be skeptics-but what is interesting is that most of them come from the losers or frustrated people in the political struggle of Time Warner Corporation.

Nicole Nicholas, who was briefly Time Warner's CEO, gives WIRED his take on the AOL Time Warner-Turner merger -- and in Steve Case's case, it's a one-off Excellent merger and acquisition, he used the inflated Internet economy to buy real assets; but from the perspective of a Time Warner Turner shareholder, I don't know how to describe it.

There are also some so-called neutrals who, with a calm attitude, analyzed the neglected financial figures under the prosperous appearance of AOL Time Warner Turner's merger and acquisition process.

Still from Time Warner Turner's side - Carlo Loomis, senior editor-in-chief of its publication "Fortune", is one of the boldest critics.

She, who majored in accounting, bluntly pointed out that the value of AOL Time Warner Turner rose to more than 3000 billion US dollars.

However, these dissenting voices are of little significance in addition to creating a new sense of presence when the situation is so good.

After all, when most people invest, they are not obsessed with the fact that the stock market value must be based on real financial figures and the bottom line of value.

Unless one day in the future, AOL Time Warner Turner's merger and acquisition proves to be a failure, Nicole Nicholas, Carlo Loomis and his like will be remembered and pushed to the altar of foresight.

But the crux of the problem is that this "foresight" is currently in Tang Huan's hands.

If the historical trajectory remains unchanged, AOL Time Warner Turner will have the golden two years of the dot-com bubble approaching its peak to suppress and whitewash various contradictions including power distribution; Enough to use as buffer time.

In this case, if Time Warner cannot be wiped out, the richest man with many soldiers would rather admit defeat!
You know, this is an era of capital madness - in early April, when the Hang Seng Index on the Xiangjiang side was still struggling between offense and defense, the Dow Jones Industrial Average on the US side had historically rushed to More than 9000 points.

It is not just telecommunications, IT, media and other fields that are expanding their power. Wall Street is also taking action - also in early April, Citigroup merged with Travelers Group to form Citigroup, becoming the first commercial bank in the United States. A financial group that integrates investment banking, insurance, mutual funds, securities trading and other financial services.

After the merger, Citigroup has total assets of 7000 billion U.S. dollars, net income of 500 billion U.S. dollars, 100 million customers in 1 countries, and 6000 million credit cards for consumer customers.

As the saying goes, one mountain is higher than another—by comparison, the value of more than 3000 billion U.S. dollars blown out by AOL Time Warner Turner pales in comparison.

The reason why it has attracted such overwhelming attention is nothing more than the inherent star attributes of the media, entertainment, and the Internet, as well as the transformation of the form of marriage.

More importantly, America Online, an Internet company with a history of only more than ten years, bought Time Warner, which has been in business for more than half a century, which is really enviable and jealous; and people on the Time Warner side have deep feelings for it. Gerald Levine's long-term dissatisfaction and accumulated grievances need to be vented.

When Tang Huan left New York, he specially got together with AOL Time Warner Turner’s chairman Steve Case, co-chief operating officer Robert Pittman, and chief financial officer Michael Kelly to remind him Post-merger "digestion" issues.

In this new group, AOL and the original Turner Broadcasting Company belonged to one faction, and Time and Warner were the targets of being "digested".

Tang Huan spoke about this: "The next year will be the most critical period for whether AOL can digest the fat in its mouth."

"What can be relieved for the time being is that the external environment is still relatively loose - review agencies such as the Federal Trade Commission and the Federal Communications Commission will release it one after another; competitors in the industry are also busy with digitization and networking..."

"As for internal resources, integration is very difficult - whether traditional businesses can be smoothly moved to the Internet and attract traffic that contributes to advertising benefits will become a hard indicator for assessing the success of the merger."

Steve Case glanced at Robert Pittman with a smile, and then said confidently: "Robert has become the second person under Gerald Levine, and has gained enough control of Time Warner. "

Tang Huan also took a look at the cheerful Robert Pittman, "Of course I am assured of your executive ability. But the key to digesting Time Warner is not Gerald Levine, but the corporate culture."

"I have seen with my own eyes many years ago how Microsoft and IBM, which are in the process of cooperating on personal computer operating systems, and the engineers responsible for the specific work on both sides, can't see each other, which seriously affects the work."

"For example, with the popularity of the Internet economy, when the managers of America Online travel on business, they either spend a lot of money to sit in the first class, or charter a plane with a lot of money; The top managers can basically only fly economy class.”

"Believe it or not, in the eyes of Time Warner, AOL is just an upstart at the right time."

"This kind of estrangement is exactly the same as that of the Microsoft programmers who got stock options at that time and had tens of millions of dollars in wealth, and the IBM engineers who only received their salary."

Seeing Steve Case, Robert Pittman, and Michael Kelly laughed disapprovingly, the richest man raised his brows and said seriously: "It took you a lot of hard work to get to where you are now. However, there is no need to use this sense of superiority to satisfy one’s regular psychological needs, but to eliminate the negative impact of this ‘human nature’ for the sake of work, and to realize the integration of the new group as planned.”

Of course, the three of them understood Tang Huan's urging to "put an end to pretending to be Boey, and to mingle with the masses of Time Warner". It's just that the people at AOL are used to "showing off", which is also due to the success inertia of a young company, and now they have changed their tune. It's not easy to get up easily.

Sensing that Tang Huan's eyes became sharper, Robert Pittman, the chief operating officer second only to CEO Gerald Levine in the daily management of the company, said in a deep voice: "Then, I will first Replace my Lamborghini sports car."

After all, everyone is a smart person, otherwise they would not be able to sit in their current positions-Steve Case and Michael Kelly have also humbly expressed that they will pay special attention to how to be "down-to-earth" in the future.

Seeing that they understood the essence of his suggestion, Mr. Richest Man slowly put away his aura, stood up, and said lightly: "Gerald Levin's fusion of AOL Time Warner Turner has a kind of Idealistic, we need to take advantage of the situation - Zheru and Zheru Software will continue to inject attractive new Internet applications into AOL, such as blogs, to continuously enhance their own strength."

……

When Tang Huan boarded Silicon Valley One and flew to San Francisco, he had already made a decision in his heart—AOL had already been "fed", and it was time to increase efforts to support Yahoo, which had entered the fast lane of development.

AOL Time Warner Turner's big merger and acquisition is of course a very hot case of business transformation - as soon as the richest man returned to Silicon Valley, he went to Stanford University, which has become one of the talent cradles and think tanks of Down's IT Kingdom, to This is a topic for a speech.

After interacting with the elites of Stanford University, Tang Huan finally left the venue and took a casual walk on campus to relax his nerves that had been tensed for a long time.

Inadvertently, the richest man saw his eldest son, Jin Ming, talking with Chelsea Clinton, who was wearing a pair of sunglasses covering most of his face, under the shade of a tree. Not far away, he could find a White House Secret Service plainclothes, trying to be vigilant without any trace.

The current first daughter of the United States officially came to Stanford University last fall, majoring in history.

Although Bill and Hilary Clinton deliberately chose to send their daughter to the West Coast of the United States in order to avoid media harassment, on the day of admission, there were still about 250 reporters closely following the White House. Convoys and agents.

In order to ensure safety, the windows of the student dormitory where Chelsea Clinton lived were installed with bulletproof glass, surveillance cameras were placed in the corridor outside, and a plainclothes female agent stayed with her in her dormitory.

Judging from the current situation, this well-intentioned arrangement has indeed provided Chelsea Clinton with a relatively quiet growth environment.

Tang Huan walked over with his hands behind his back; Jin Ming and Chelsea Clinton were still concentrating on chatting and didn't notice him; the plainclothes Secret Service only glanced at him, then looked away.

I just heard Jin Ming say: "Let me just say, this speech is worth coming out and listening to."

Chelsea Clinton nodded and said, "Uncle's speeches are always very attractive, otherwise, I wouldn't listen to your idea."

Jin Ming shrugged, "I've advised you so many times, don't be affected by those grown-ups, we have our own world—look at our house, how chaotic it is, yet how orderly it is."

……

The richest man frowned—you brat, in order to enlighten others, you dare to arrange your father behind your back!

In fact, Tang Huan heard some gossip from the parents from the women in the backyard——Bill Clinton’s zipper incident. The commotion became louder and louder, and the focus of the conflict shifted to the level of "whether to lie or to obstruct justice" , And then also spread to Chelsea Clinton, who regarded his father as an idol.

In short, the perfect and tall image in the little girl's heart collapsed, and she became depressed. She used to interact with everyone on campus in a very approachable way, and she didn't have the airs of being the first daughter of the United States at all; but now the scope of activities is only There was only a two-point line between the classroom and the dormitory, and I was afraid to see any mockery in the eyes.

It is estimated that by now, Chelsea Clinton will only have Jin Ming as a childhood playmate, college classmate, and close friend.

As if he had a good understanding, Jin Ming turned around abruptly, just in time to see Tang Huan who was a few steps away, and suddenly became aroused, and quickly asked with a guilty conscience: "Dad, why are you here?"

Chelsea Clinton greeted him with a relaxed expression: "uncle, if I hadn't seen so many people just now, I would have squeezed in and asked for an autograph."

The richest man smiled benevolently, "If you really want to sign, Uncle will fill a notebook for you some other day."

Chelsea Clinton exclaimed with a girlish heart: "Then it's a deal."

Tang Huan nodded slightly, then glanced at Jin Ming and said calmly: "Remember to go home for the meeting at night - I have been too busy recently, you brothers should help share the load."

……

In the evening, when Tang's sons gathered together, Tang Huan, the old man, did not forget the stubble during the day, and teased his third son, "You kid has a way of chasing girls. You know what it means to take advantage of it." Get in!"

Jin Ming hastily smiled modestly and said: "This is all inherited ability, and it cannot be separated from your inheritance."

Sitting in the Jing Pavilion diagonally opposite, he murmured: "Isn't it true that if my mother had not fallen into a slump in her career and life because of the fake passport incident back then, would you, who was still a poor boy at that time, take advantage of it and catch her up? "

Jin Yan, who was sitting across from Jin Jie, answered the words recklessly: "That's right, my mother fell into the clutches of the devil in the same way."

Tang Huan's expression darkened immediately and he said, "Get lost!"

Jin Ge and Jin Yan trembled, moved the small horses, and exchanged positions with Jin Jie and Jin Fang respectively.

Tang Huan squinted his eyes and continued to reprimand: "Go away!"

Brother Jin Ge and Jin Yan moved their pony horses to the door in silence.

?
(End of this chapter)