With the support of summer, when Christmas passed and the New Year was coming, Xia Xue sent someone to discuss with Panasonic about the acquisition of Universal Pictures.

Panasonic is intended to sell Universal Pictures to stop losses, but has not found a suitable buyer yet.

After all, in the 1990s, it was not easy to find anything that could be paid out for 50 or 6 billion US dollars. Not everyone was as suspicious as the Fusang people in the era of economic bubbles.

Especially Universal Pictures' profits have been so poor in recent years, and Hollywood's current market status is not particularly prosperous.

In addition, in the past two years, high-tech and Internet have developed rapidly, and unicorns have been born, such as Bill Gates, Larry Ellison (Original Boss), and have become super rich people with a net worth of 10 billion US dollars.

This has also attracted many investors to invest a large amount of funds in the high-tech and Internet fields. In comparison, the film industry, which has been in its birth for a hundred years and has developed in the last ten years, has naturally been difficult to attract buyers because the returns brought are not generous enough.

In fact, after Panasonic released the news that he wanted to sell, he originally thought that many buyers would come to negotiate so that it could sell at a very good price.

But the result is that although someone comes to negotiate, the price is not very high. For example, Paramount's former chairman Barry Diller wanted to acquire Universal, but the price he gave was only 4 billion US dollars.

Panasonic naturally refused. Back then, it spent $6.7 billion to acquire Global. In addition, it lost $1.2 billion in the past five years, which totaled $7.9 billion. In addition, $6.7 billion, the interest rate for depositing the bank for five years would be at least $8 billion.

Panasonic immediately scared Barry Diller away when he offered such a high price.

Barry Diller resigned from Forbes in 1992 and was determined to build his own film and television empire. However, in 1993, he tried his best to acquire Paramount and return to this place where he once fought.

Unfortunately, Cheng Yaojin came out halfway, and Viacom's boss Lei Shidong intervened in the middle of the way, and the price offered was much higher than that of him. Therefore, Paramount threw himself into the arms of the wealthy Lei Shidong, leaving only Barry Diller's back.

There is no way, Barry Diller himself doesn't have much money, and his funds are raised from investors. In the future, after taking over Paramount, he will have to pay back the money he earns. How can he compare with Redstone, who is a super rich man and has a close relationship with bankers?

This time, Barry Diller used the same amount of money as the investor, and he also hoped to rely on profits to repay debts after acquiring Global.

But Panasonic's sky-high price of $8 billion was completely beyond Barry Diller's budget and also completely beyond the value of Universal Pictures.

Although Universal Pictures has high-quality assets such as mca TV, mca music, Universal Studios, and theaters, it is not worth as much as $8 billion.

When Panasonic bought it, it only spent more than $6 billion. After years of operation, Universal Pictures' assets not only did not increase, but instead lost more than one billion US dollars.

Therefore, Universal Pictures’ current value is only worth more than 5 billion US dollars. In addition, it still has a lot of debt, so the price of 4 billion US dollars is actually very fair.

Barry Diller refused to raise the price, and Panasonic was unwilling to reduce the price, so the acquisition had to be terminated.

Other Mecca, which was originally intended to acquire, were scared away when Panasonic had such a big appetite and offered a price of 8 billion US dollars. In their opinion, Universal Pictures was really not worth that much.

The acquirers were scared away, and Panasonic was stunned.

I originally wanted to get all the capital back, but now it seems that not to mention making money, it would be good to get the capital back. If I don’t sell Global as soon as possible, the value of Global will drop again, and no one will buy it at that time.

At this time, the people sent by Xia Xue came to the door, and Panasonic immediately prepared to slaughter the big fat sheep.

...

Just when Xia Xue sent someone to discuss the acquisition of Universal Pictures with Panasonic, another major event that affected the world occurred.

On January 1, 1995, the World Trade Organization WTO was announced to replace the General Agreement on Tariffs and Trade established in 1947.

The establishment of wto represents the arrival of economic globalization. From then on, global economic development will enter a fast lane, and countless countries will benefit from it.

Xia Tian also knew that it was because China successfully joined the WTO in 2001 that it was easier for it to sell its products around the world and thus established its position as a "world factory".

Since then, Chinese manufacturing has swept the world, not only in exchange for a large amount of foreign exchange, but also made the mainland economy flourish. It has also greatly strengthened China's national strength and successfully surpassed Fusang and became the world's second largest economy. It can be said that joining the WTO is a springboard for China's rise.

So after learning the news, Xia Tian was very happy for China.

However, he also knew that it seemed not easy for China to enter the pass, and it was subject to a lot of difficulties back then.

In this regard, Xia Tian is willing to lend a helping hand.

He has many friends in American politics and should be able to help speak.

...

Panasonic still offered a sky-high price of 8 billion US dollars to the people sent by Xia Xue.

After hearing this price, Xia Tian almost burst into laughter.

The Fusang people are really shameless. They only spent 6.7 billion US dollars when they bought it themselves. After five years of struggle, they didn’t make a penny and lost more than one billion US dollars. They even dared to ask for a price of 8 billion US dollars.

If a tree is really a tree without bark, it will definitely die. If a person is shameless, he will be invincible in the world!

"Tell them that at most, $6.7 billion, let them make money back at most. Eight billion, don't even think about it." Xia Tian curled his lips.

It is true that Universal is a piece of fat pork, which can squeeze out a lot of oil and water, but it is indeed not worth $8 billion. If there is $8 billion, he can make some other investments and make as much money as he does, and he doesn't have to buy Universal.

You should know that the Internet is developing in full swing now. If you screen it carefully, there may not be any good seedlings.

"I understand, brother." Xia Xue nodded and then sent someone to talk to Matsushita.

Panasonic saw Xia Xue’s offer of $6.7 billion, to be honest, he was very excited. Being able to recover the capital is also a good choice for them, at least they did not pay.

However, they did not agree immediately, and wanted to see if there were any buyers with higher bids.

Seeing that they wanted to wait for change, Xia Xue was not in a hurry. To be honest, with their brother and sister's power in Hollywood, the acquisition of Universal Pictures was just icing on the cake.
Chapter completed!