Rebirth 76: Industrial Internet Empire

Chapter 265 Cambridge Instruments

With little effort from Perez, the two co-founders of Carloco, Mario and Andrew, agreed to Perez's merger plan. Carloco was fully integrated into Qianhai Asset Management Group and became Qianhai through equity swap. While becoming a wholly-owned subsidiary of the media group, it also acquired 7.8% of the equity of the parent company.

Including the previously negotiated Orion Pictures Company, in just one month, Qianhai Media Group already owns four newspapers and two film companies, plus a magazine.

However, the next merger and acquisition plan proposed by the board of directors of Qianhai Media Group left Perez a bit confused and completely confused...

What the heck is a wholly-owned acquisition of the Golden State Warriors?We are a media group, and we have nothing to do with the Golden State Warriors. In business terms, even if we want to acquire them, as we are both a California team, shouldn't we make the Los Angeles Lakers, who have a stellar record, our number one target?

After Perez tentatively expressed his thoughts, Li Heping laughed and said: "If you can convince the Bass family, you can agree to sell all the shares!"

"It is impossible to acquire all the shares of the Lakers, but the fan base of the Golden State Warriors is not of the same order of magnitude as the Lakers. Also, why do we want to acquire an NBA team?" Perez pondered for a moment and asked with some confusion.

Li Heping secretly cursed in his heart, I also want to know why he wanted to acquire an NBA team?But who the hell am I going to ask?

Yang Mo did not bother to explain to Li Heping that this kind of idle chess worth tens of millions of dollars would soon become a carnival party for the upstarts of Silicon Valley technology. Becoming the owner of this team may bring many unexpected things. harvest.

The Madison Square Garden Arena of the New York Knicks, a decade-old team, has also become a gathering place for Wall Street financial institutions. Zhiyuan International also recently completed the wholly-owned acquisition of the New York Knicks and Madison Garden Square Arena. The team added The total cost of entering the arena was less than 1 million U.S. dollars. This price surprised even Yang Mo.

However, the Golden State Warriors, who had just entered the playoffs after many bad seasons, happened to be in the RunTMC era. Coupled with Don Nelson's crazy offensive tactics, the asking price was much higher.

The Golden State Warriors once saw hope for the team's revival. They acquired golden left-hander Chris Mullin with the seventh overall pick in 1985, and then acquired combo guard Mitch Richmond with the fifth overall pick in 1988. The following year Tim Hardaway was drafted again, and "Mad Scientist" Don Nelson made the Golden State Warriors the best offensive team in the league!

In the end, Perez spent a full US$8500 million to complete the overall acquisition of the Golden State Warriors. You must know that at this time, the valuations of the Los Angeles Lakers and Boston Celtics were less than US$1.5 million.

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Cambridge Technology Park, about 60 miles northeast of London.

The Cambridge Instrument Company founded by Darwin's third son, Francis Darwin, is located in the Science Park.

Qian Ning can no longer remember how many times he came to Cambridge Instruments. Ever since the acquisition of Leica was completed, Yang Mo gave instructions to acquire Cambridge Instruments!

However, the arrogance and stubbornness of the British made Qian Ning fail time and time again. CEO Charlie Jenkins simply did not believe that Qian Ning, a Chinese-German with an oriental face, could bring new development opportunities to Cambridge Instruments.

Channing and Hans Wilder, led by assistant Anne, walked into Charlie Jenkins' office for the third time.

Cambridge Instruments has been having a hard time recently. As its core products, scanning electron microscopes and QTM series metallographic image analyzers, more and more similar competing products have emerged, Cambridge Instruments' revenue has declined sharply.

Even so, Charlie Jenkins's innate arrogance still caused him to maintain a lukewarm attitude towards Channing, but he showed unprecedented enthusiasm for Hans Wilder who came with him.

The research and development process of optical precision instruments is quite long, which requires the board of directors to have great patience and tolerance for the ups and downs of revenue.

The two people exchanged some reserved views on the development prospects of optical instruments. Hansveld, under Qian Ning's instruction, disclosed without any trace the research and development expenses that Zhiyuan International had invested in Leica in recent years.

"800 million US dollars in R&D expenses? I remember that Zhiyuan International only spent 5000 million US dollars to acquire Leica. How much is the total sales revenue of Leica?" Charlie Jenkins asked in disbelief with his eyes widened.

"Zhiyuan International rarely interferes with Leica's operations, but the board of directors has a rigid rule for its production and R&D enterprises. R&D expenses must not be less than 8% of revenue!" Hans Wilder explained.

"With such high R&D expenses, won't there be problems with the company's production and operations? And what about the board of directors' dividends?" Charlie Jenkins asked even more puzzled.

Hans Wilder shook his head and laughed: "No! Continuous investment in research and development will keep Leica's products at the forefront of international technology, which can offset this part of the cost. Even if there is a problem in the capital chain, the parent company will provide Special assistance!”

In fact, this is Hans Wilder's secret replacement of concepts. Leica's optical technology has always been at the top level. It was constantly being sold off in the past few years because there was a problem with their product positioning. They were out of touch with the market and were too high-minded. Optical products are positioned as luxury goods.

Charlie Jenkins fell into deep thought. Isn't what Hans Wilder described exactly what he expected?The board of directors does not give endless advice on their own work, and invests more in research and development to keep Cambridge Instruments at the forefront of international technology...

"How about Mr. Charlie? The merger with Leica will not cause Cambridge Instruments to lose its independent decision-making power. On the contrary, it will allow Cambridge Instruments and Leica to form differentiated competition in scanning electron microscopes through technological integration. At the same time, Zhiyuan International will invest A lot of money to help Cambridge Instruments restart a new track in the fields of electrocardiograms, CT machines and other medical devices!" Qian Ning lost no time in persuading him again.

After much deliberation, Charlie Jenkins finally agreed to lobby the board of directors to allow Cambridge Instruments to complete the merger with Leica through equity swap according to their respective assessed prices.

What Charlie Jenkins never dreamed of was that the short-sighted guys on the board of directors were not optimistic about the strong alliance between Cambridge Instruments and Leica, especially after hearing about Zhiyuan International's almost harsh R&D investment in its subsidiaries. , which makes them worry about their own interests being damaged!

The merger and acquisition plan once again reached a deadlock. While lobbying the board of directors, Charlie Jenkins saw their eagerness for quick success and quick profit. Unknowingly, the balance in his heart began to tip towards Leica...

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