City Start Striving for Becoming a Rich Man

Chapter 199

“Charles, this is information from EBS Television Network,” Tina said.

Ni Shixiao felt that his information collection system was still not perfect, so he planned to acquire a TV network.

Further improve your own news channels!

Can’t underestimate the reporter’s ability to inquire about news, and the adventurous spirit!

For the Pulitzer Prize, they can afford it!

Some reporters are still very credible, unlike the Internet media in the future.

A picture at the beginning of the game, the text depends on editing, whoever believes is stupid!

He chose EBS because they have a column that is doing well, that is, “Global Exploration”, which has a group of columns all over the world.

I often go back to some dangerous places with no people and no one to set foot in for shooting.

I will also go to some legendary places, such as the last cannibals, underground cavemen, and other secrets that ordinary people don’t know.

Ni Shixiao also knows some unearthed treasures without an owner, and he does not know the specific burial locations.

Because there was no detailed report at the time.

17

This is also the reason why he has stopped digging for treasure in recent years!

And the appearance of the Wang family forced him to continue digging and exploring…

He must solve this secret, even if it takes more time, anyway, time is already a cheap thing for him…

Moreover, the boring work in the process does not require him to do it himself!

As long as he can guarantee the supply of funds, it is not a problem for him!

Moreover, his big plan also requires massive amounts of funds, in units of trillions of dollars.

“What is the current revenue situation of the TV network?” Ni Shixiao asked.

“Last year’s revenue was 120 million U.S. dollars, a loss of 30 million U.S. dollars, a debt of 1.28 billion, an asset valuation of 1.5 billion, and a debt ratio of over 85%.”

Such a high debt ratio is almost insolvent!

EBS directly operates five television stations, six medium wave radio stations, and seven FM advertising stations.

And through the contract to import programs for more than two hundred TV stations.

The headquarters is in Newark.

“Tina, which bank is the creditor of their debt?”

“Bank Mellon”

“The bank of the Mellon Consortium?”

“Yes, EBS and their shares are pledged to Mellon Bank, and they are almost becoming non-performing assets. We do not sell now, and they will go bankrupt within half a year!”

“You know, I can’t wait for half a year. I need to start as soon as possible. Don’t worry about it. I’ll talk to Ron.”

“it is good”

Ni Shixiao took the plane back to Harvard.(Read more @ wuxiax.com)

“Ron, I have something to do with you, business!”

Ni Shixiao found Ron in the classroom and got straight to the point.

“Then let’s go out and find a place to sit down and talk.” Ron became unsmiling when he said it was a business matter.

When they walked to the fraternity base, on the roof upstairs, the two of them made a cup of coffee, and they began to talk about it.

“I know that the shares of EBS TV network are mortgaged in your bank. I want this company.”

“EBS, I know that this company is already insolvent. Their loan has expired early. After a while, the bank will deal with it.”

“It just so happens, you can introduce the person in charge of the bank, I want to talk about it.”

“There is no need to see the person in charge. Now the chairman of Mellon Bank is me. You can talk to me directly.”

“Okay, I know that EBS has loaned a total of 900 million yuan, and the interest of these years has also been repaid more than 300 million. How about my 500 million acquisition?”

“Charles, if you change someone, I will sell it for 500 million. EBS is already a hot potato,” Ron took a cigar and said.

“If you don’t sell it sooner, you’ll have to smash your hands. But now you come to me, I don’t worry anymore. I believe that if you are interested in EBS, there must be a way to make it 2 billion or 3 billion.”

Ni Shixiao said bitterly: “You just believe me so, can you manage him well?”

“I believe it, so I decided not to sell, I bought shares,” Ron said calmly.

“If I said, can I talk about the price?” Ni Shixiao asked unwillingly.

Ron said decisively: “Unless you give me a high price, I won’t sell it!”

“OK, let’s talk about how to cooperate!” Ni Shixiao reluctantly stepped back to second.

Ron said leisurely: “I take out all the shares, you inject 300 million U.S. dollars into EBS, the shares are six and four, I do not participate in management, but I require a dividend of no less than 100 million U.S. dollars within three years. At that time, I have the right to take back all shares.”

As expected from a big family, at first glance, this condition is quite favorable.

After divesting the loan, I can get 60% of the shares with only 300 million US dollars.

It’s a bargain at first glance!

However, if the dividend is 100 million in three years, the profit will exceed 350 million US dollars.

The difficulty is not small!

Some people may say that the entire acquisition of 500 million yuan was originally acquired, but now 300 million yuan is 60%.

Isn’t it the same? There is also an extra shareholder.

This is not the calculation. First of all, if 500 million can be acquired, the 500 million will be paid to Ron.

Ni Shixiao also has to take extra money to provide operating funds for the TV network.

And now the 300 million is invested in operations.

So if you want to compare prices, you need to compare: 300 million (60%) and 800 million (100%).

This doesn’t even count the connections of the Ron family!

In addition to sharing with others, this sale is quite a bargain.

“Ron, I want to add an article to the agreement. If you want to sell shares, you must ask me first;

You can sell to others only if I confirm in writing that I don’t want it. And the price you sell to me, the premium cannot exceed 30%. ”

Ron thought for a while, and said, “I promise you that we can get someone to sign a contract!”

“it is good!”

Sometimes talking about hundreds of millions of dollars in business is as simple as that!

Acquisitions and mergers take half a year, eight or nine months, or even several years, and time is spent on auditing assets.

Also, the M&A team must demonstrate their abilities and not spend a year or a half in it.

How embarrassed to save you tens of millions in the purchase price?

How to show that they are professional!

In fact, at your last calculation, the money is not saved, but the M&A team can ensure that you have a thorough grasp of the company’s situation.

If it is to save money, let’s wash and sleep!

Now Ni Shixiao only needs to grasp that the company he received is a debt-free company.

The asset audit has been done in advance, and some hidden problems may not be able to be audited by the audit.

Soon Harvey came over to meet with the head of Ron and his bank.

This contract has to be signed, and it will take several days, and many issues in it still need to be clarified!

Account transfer, warehouse check, personnel data sorting…

This is very tedious work, and you can’t get up soon if you want to!

But none of these things are Ni Shixiao’s business, he just needs to wait for others to do it.

Professional things, of course, are left to professional people to do!

Otherwise, why pay them? .

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