Rebirth: My dad is a coal boss

Benjamin also shook hands with Jean-Renaud Fortu, "Mr. Lin, we meet again." Doug Morris smiled and hugged Lin Hao. As the CEO of Universal Music, he was still in Los Angeles, so of course he would be there.

Compared with the last time, he was very surprised this time. He was shocked when Lin Hao told him that he wanted to acquire Universal Music last time, but he still didn't believe Lin Hao. He didn't expect that he would connect with the parent company in just a few days.

"Mr. Morris, it's nice to meet again." Lin Hao said with a smile.

After everyone introduced themselves, they were welcomed in. Lin Hao and Jean-Renaud Fortu talked and laughed. Vidiwang Group is not comparable to Lin Hao's industry now. The other party is a comprehensive and large group that is involved in all walks of life. Even if it is now in debt, it is still a behemoth.

When they came to the conference room, Lin Hao, Jean-Renaud Fortu, and the negotiation teams of both sides all sat down.

"Mr. Fortu, I came with great sincerity for this acquisition. I want to acquire all the shares of Universal Pictures and Universal Music from your company. How much is your company's offer?" Lin Hao spoke first and got straight to the point.

Jean-Renaud Fortu saw that Lin Hao was so direct, which was very much in line with his wishes. Although the Vidiwan Group has not yet reached the point of being unable to make ends meet, the group is already undergoing restructuring, and at that time it hoped to resolve the financial crisis as soon as possible.

"Mr. Lin, I think you should know that both Universal Pictures and Universal Music are very high-quality industries. Both companies can bring considerable profits to the company every year. Most people in the group do not want to sell these two companies, but I am willing to sell 100% of Universal Pictures for 10 billion US dollars. As for Universal Music, we are willing to sell 60% of the shares for 15 billion US dollars, and we will retain 20% of the shares."

Hearing Jean-Renaud Fortu's words, Lin Hao almost laughed out loud. He was only willing to pay 15 billion US dollars, but his offer came directly to 25 billion US dollars, exceeding 10 billion US dollars, and Universal Music was only 60% of the shares.

"Mr. Fortu, your price is too high. Our proposal is that the two companies will be sold for 12 billion US dollars, and Universal Music will sell 80% of its shares."

"OMG, this is impossible. This price is too low. The company's board of directors will never approve it. The value of these two companies is definitely 25 billion US dollars." Hearing that Lin Hao's ring gave a price lower than the half-cut price, Jean-Renaud Fortu made an extremely surprised expression.

"You should know that the market valuation of the two companies is only about 15 billion US dollars, but you quoted 25 billion US dollars, and Universal Music still has 60% of the shares. It's too lacking in sincerity." Lin Hao said to Jean-Renaud Fortu with his hands spread out.

The valuation of Universal Music in the market is higher than that of Universal Pictures, mainly because the cost of shooting a movie is relatively high, and there is also the risk of failure, while the cost of music is much smaller, and the profit it brings is no worse than that of movies. This is also the reason why Vidiwang wants to retain 20% of the shares.

Jean-Renaud Fortu certainly knew what Lin Hao said, and also knew the true value of the two companies, but everyone wanted to sell at a high price, and this was a negotiation, and quoting a low price would only lead to price suppression.

"You just said it was a market valuation, and our company does not recognize this valuation. The financial situation of the two companies is good and they have been profitable. Here are the financial statements of the two companies. You can review them." Jean-Renaud Fortu said, and asked his men to hand over the financial statements of the two companies.

The people of Haohan Capital immediately took it over and began to review it. The financial statements could not be optimistic in a short time, and the negotiations had to continue, but Benjamin and the company's team came out, and Lin Hao just opened the meeting.

The two sides went back and forth, spitting and flying, and the meeting room was noisy and even red-faced. Soon, a morning passed.

Jean-Renaud Fortu invited Lin Hao to have lunch together, and Lin Hao readily agreed. The tit-for-tat in the morning was swept away at the dinner table. Lin Hao and Jean-Renaud Fortu chatted quite happily, as if what happened in the morning had not happened.

After the meal, Lin Hao and his team went directly back to the nearby hotel. During this period, the acquisition team will be here to rest, review and summarize, and plan new countermeasures. Of course, they will go home normally after get off work.

"It doesn't seem to be going well." Ivanka said to Lin Hao in the room.

"It's normal. In the morning, everyone just tested each other and acted a little tougher. In the afternoon, it will be more intense than in the morning, but everyone willTalk about something substantial, don't talk about irrelevant things this morning." Lin Hao said to Ivanka.

Hearing Lin Hao's words, Ivanka nodded. She studied economics and management at Wharton School of Business, so she naturally knew these things, but today was her first time to participate in such a large-scale acquisition.

"In the afternoon, we can make some concessions, but Vidiwang must sell all of Universal Music's shares." Lin Hao's plan is not only to acquire 80% of Vidiwang's shares, but also the 20% held by Panasonic, and it must be completely acquired.

Lin Hao said this to Benjamin. Although Lin Hao will participate in the afternoon, he will basically not speak, and Benjamin and others will still have to talk.

"Okay, boss. "Benjamin replied.

Lin Hao wanted to complete the acquisition as soon as possible, so it was okay to give up a little. As long as it was not too outrageous, Lin Hao could accept it. After the communication in the morning, Lin Hao could also feel that Jean-Renaud Fortu also wanted to complete the transaction as soon as possible. The other party had just become CEO last year, and he was appointed in a critical situation. His promotion was to solve the financial crisis.

....

In the afternoon, in the meeting room in the morning, as expected, although the two sides still had a fierce argument like in the morning, they both made concessions.

"In order to show sincerity, we can make a concession. 23 billion US dollars is our bottom line." The other party said.

"We will also make a concession. 15 billion US dollars, but Universal Music must sell 80% of its shares." Benjamin said.

The two sides still had a big disagreement, and they immediately started a fierce debate again, but fortunately, they both made concessions, which was a good start.

Lin Hao had already talked about other things with Jean-Renaud Fortu at this time.

"Mr. Fortu heard that Blizzard is also your company. I wonder if you have any thoughts on selling it? "Lin Hao said to Jean-Renaud Fortu with a smile. Lin Hao planned to take this opportunity to acquire it together.