Rebirth of England.

Chapter 920 The Same Gene

“Is it necessary to make such a large-scale acquisition?”

Facing Jenny's question, Ivanta pondered for a moment and said:

"I know what you're worried about. The current market value of Sinclair Group is less than $40 billion, and this acquisition of Forum Media Group will cost $75 billion, which will inevitably bring great debt pressure to the company..."

"Yes, even the interest on these debts will be a huge burden for the Sinclair Group."

At this time, Jenny Smith's belly was already slightly pregnant. She was wearing a dark long skirt and said solemnly:

"Although I don't know much about these business matters, I know that since John was determined to promote the acquisition of Forum Media Group, it should be beneficial to the development of Sinclair Group. However, I still have some concerns."

"That's actually true. Forum Media Group does have its value, and the sports channel's profitability is also relatively optimistic. Besides, this kind of acquisition opportunity doesn't always exist..."

Ivanta nodded and said:

"We previously opposed the acquisition of Forum Media Group, mainly because the funds for the proposed acquisition were mostly provided by Vanguard Group, which would significantly dilute our shareholding in Sinclair Group."

Currently, Jenny has served as the chairman of Sinclair Group. This time, she came to New York with Ivanta, who represented IC Capital, to sign an agreement with Vanguard Group and 21st Century Fox for Sinclair Group to acquire Forum Media Group, a subsidiary of Fox.

At this point, some specific terms regarding this acquisition have been negotiated. We just need to wait until the two parties sign the final agreement tomorrow to complete this acquisition.

When signing the agreement, Vanguard Group's chairman, McKenna III, was still very graceful. There was no sign of his angry look as he did when he hung up the phone and smashed his phone when talking to Barron about the acquisition.

Because at that time Barron asked Vanguard Group to withdraw their holdings in Sinclair Group - this was a rude change of attitude compared with the other party's initial permission for them to retain no more than 10% of the shares in Sinclair Group.

But in the end, he still agreed to the other party's request...

As for the reason, it is almost the same as Barron's analysis. First of all, this time Vanguard Group contacted Disney to acquire Twenty-First Century Fox. Both Disney and Twenty-First Century Fox have done a lot of work.

In addition, the bid that Barron proposed that Sinclair Group could afford for Forum Media Group was indeed the highest offer they had received so far.

According to the agreement reached by both parties, Sinclair Group will complete the acquisition of Fox's Forum Media Group for US$75 billion.

After completing this acquisition, the number of local TV stations controlled by Sinclair Group will exceed 200, making it the second largest TV network in the United States.

This time the acquisition was carried out in pure cash. Sinclair Group needed to pay US$75 billion to 25st Century Fox, of which US$ billion came from a loan provided by Standard Chartered Bank.

Another $25 billion was invested by Merrill Lynch to purchase its preferred shares with an annual interest rate of 8%.

The final $25 billion was raised by IC Capital purchasing convertible bonds from Sinclair Group, which had an annual interest rate of 7.5%...

In addition, IC Capital has also reached an agreement with Vanguard Group to acquire the other party's 7% stake in Sinclair Group at market price.

After this, IC Capital's stake in Sinclair Group will increase from 23.5% to 30.5%, surpassing the Sinclair Family Trust to become the largest single shareholder of Sinclair Group.

However, according to the tacit understanding reached between them and the Sinclair family, Jenny Smith will still represent the Sinclair family and serve as the chairman of the company.

This also avoids the possibility that other members of the Sinclair family will take back control of Jenny Smith's shares in the Sinclair Family Fund in the future.

Because once the other party does this, then Jenny Smith will own the part of Sinclair Group shares that she personally held after John Smith's death, and with the support of Barron, the Sinclair family will completely "lose power" in the company...

By then, I’m afraid they won’t even have a “nominal” chairman like Jenny.

……

"He is so cute. Look, when he smiles, he is like an angel. It makes people's hearts melt..."

After signing the agreement for Sinclair Group to acquire Forum Media Group, Jenny was invited to Ivanta's residence, where she met Ivanta's son Theodore TP.

Theodore was born last July and is about to turn one year old...

What Jenny said was not a compliment. The current Theodore could be seen to have perfectly inherited the excellent genes of his parents. His face was as delicate as an angel, which made Jenny couldn't help but hug him and kiss his little face:

“I hope my kids can be this cute.”

Well, it should be similar. After all, at least half of their genes are the same...

Ivanta also loved her son very much. After taking him from Jenny, she held him in her arms.

Speaking of which, Theodore is now the youngest member of the TP family...

Not only Ivanta, Theodore was also loved by his grandfather.

It is worth mentioning that the youngest of Ivanta’s siblings is Barron TP, the youngest son born to her father and his third wife in 2006.

Yes, Ivanta’s 7-year-old brother has the same name as Theodore TP’s father.

Barron also found this interesting - after all, in the original time and space, Ivanta's father gave this name to his youngest son. But when Barron TP was born, her father was already very clear about the relationship between Barron and Ivanta, but he still gave him this name...

It does seem to make sense.

As the manager of IC Capital, which has become a giant in the American investment field, Ivanta is actually quite busy and does not have much time to spend with Theodore.

When she was on a business trip, she would often send Theodore to her family's residence, the top floor of the TP Building on Fifth Avenue.

This is not to say that Theodore has no one to take care of him when Ivanta is away on business. After all, as the child of Ivanta and Barron, Theodore has been taken care of meticulously since birth - there is a team of more than 10 people dedicated to serving Theodore TP, including five nannies, nutritionists, private doctors, etc.

Or because from Barron's previous life, no matter what, Ivanta's family was very successful in educating their children, so Barron was more at ease with such an arrangement.

And Barron TP also likes his nephew very much. Almost every day after school, he will patiently play with little Theodore for a while.