Chapter 1010 Arrive at Sun Valley
Michael Orwitz established the CAA, which has caused many block transactions in the Hollywood industry.
However, his pattern can only be limited to Hollywood.
Looking at the entire American business circle, the most powerful character "middleman" is the Allen family, and the leader of the third generation is Hebrew Allen.
How capable is he?
For example, Robert Goisuetta, the former chairman of Coca-Cola, retired and wanted to hand over the shift to the child. As a result, Heb Allen and Warren Buffett took action to prevent this acceptance of his fate, expelled the heirs, and hired Neville Esdale from outside.
For example, Disney acquired Metropolitan ABC in 1996 and started contacting in a driveway in Sun Valley. In that transaction, Allen received $2 million in rewards for providing rationalization advice to ABC.
For example, Allen's political adviser chose Bill Bradley, the former Senator, who failed to compete with President Bush in 2000.
For example, Bill Gates sold a large number of Microsoft shares in that year, seeking diversified investments, and his trading in the securities market was from Allen.
On the Forbes Rich List, the asset appraisal of the Allen family was $1.8 billion, which is obviously difficult to get recognition from the industry.
Allen Company is a private company, and no one knows how much money their family has.
Of course, it is not as amazing as Donn and Bill Gates, but only $1.8 billion in family wealth does not have that big face, and can combine the entire American business circle giants together.
As usual, the Sun Valley Conference will last for 5 days.
A series of jets arrived.
Famous people from the media, entertainment, computers, and the Internet - such as Bill Gates, Donn Walker, Michael Eisner, and Meg Whitman. They arrive with their families and will listen to speeches, attend seminars, ride bicycles, play golf, and raft on the water.
Of course, the most important activity is the rich movement called "Elephant Collision". In fact, it refers to a discussion meeting between rich people.
Donn attended such a meeting for the first time, Michael Orwitz, who came with him.
Legend Pictures is going to be listed this year.
However, based on the scale of Legend Pictures' IPO, it is not qualified to mention this level of discussion in business meetings.
"Microsoft was the overlord of the previous generation of home computers. With the rise of the Internet and the emergence of emerging media like Google, the giants in the technology field, which caused hidden dangers. When Google went public last year, news came out that Microsoft was interested in acquiring Yahoo!"
Before the plane landed, Tang En passed the window and looked closer and closer to the ground, worried about the content of the meeting.
Michael Orwitz said: "This is a century-long merger. However, Microsoft owns the world's second largest portal MSN, and Yahoo is the world's largest portal. The cooperation agreement between these two giants is likely to violate the Hart Scott Lodino Act."
This is a bill mainly used to regulate mergers and acquisitions and cooperation among industry competitors. Not only that, EU regulatory authorities will also conduct investigations.
It is naturally easy to say that the merger and acquisition will succeed. Once it fails, it will cause billions of dollars in losses to Microsoft.
Even giants like Microsoft dare not take risks and launch mergers and acquisitions against Yahoo.
The safe way is to bring Time Warner and News Corp to dismember Yahoo!
Each gets what you need, and three families share it equally!
Microsoft gained Yahoo's market share and technology in the search engine field to form a competition with Google to expand its advertising sales business.
News Group has obtained Yahoo's Community Interaction Department, which complements its investment layout Myspace blog and has completed a larger layout in the field of online social networking.
Time Warner obtained Yahoo's core asset portal and merged with its subsidiary AOL to restore the vitality of AOL's heyday and lead Time Warner out of the dilemma of being dragged down by the Internet business.
In the past life, the transaction was not reached.
Because Yahoo is unwilling to give up, they believe that they still have the ability to continue to grow and become a giant in the new media era, without having to split their assets and sell their companies.
However, the media landscape in this life has undergone great changes.
The landscape of News Corporation, Microsoft, Google, and Time Warner has not changed much, but unexpectedly, and a super giant emerged - New Global Group!
The strength of the New Global Group is eye-catching.
With such a big market change, will Yahoo's shareholders and board of directors still insist on insisting like they did in their previous lives and just refuse to let go?
If you are really discouraged by the impact of the newly emerging New Global and sell Yahoo... this will be in an extremely passive situation for Tang En.
If Microsoft gets Yahoo's search engine business, it will have the strength to share the market with Google. You know, Tang En is a major shareholder of Google, accounting for 10% of the shares!
Google is also the largest online media partner of New Global, and Don has a great influence on Google's strategic decisions.
Time Warner has also had a headache when he got the Yahoo Portal business. Warner's film and television content is second only to New Global. If he has the world's largest portal for marketing, it will inevitably have an impact on New Global's film and television entertainment business.
The most worrying thing is News Corp!
News Group invested in a social blog Myspace, which is currently the largest online social platform, with 15 times the number of users registered by Facebook!
It is Facebook's biggest competitor.
If News Group gets Yahoo's social interaction business and uses Yahoo's traffic to further expand the Myspace market, it is really unknown whether Facebook will rise and defeat its opponents in the future.
So, from any perspective, Donn needs to stop this collaboration between Microsoft, News Corp and Time Warner.
"Anyway, the independent Yahoo is more beneficial to us!"
The plane landed and shaking a little.
Tang En's words were firmly unanswerable.
...
Allen is engaged in investment banking business, but unlike traditional investment banks, it mainly operates the "private trading industry", which means building profitable long-term relationships with leaders of other companies.
The Sun Valley Conference is probably the meeting where the American business circle bigwigs gather the most.
Don did not accept the services provided by Allen, but directly found Larry Page, one of Google's three giants, according to the previous reservation.
Google attends the Sun Valley conference every year, either Sergey Brin, Eric Schmidt, or Larry Page.
Larry Page is no older than Donn. He showed full confidence, "Microsoft and Yahoo merged? So what? Google has a market share of 65% in the search engine market. Yahoo only has 16%, and Microsoft even has only 9%. The two combined are not our opponents."
Donn frowned, which was why he was more willing to communicate with Eric Schmidt.
Sergey Brin and Larry Page, entrepreneurship is at its peak, and it is far less experienced than Eric Schmidt.
"Google cannot only focus on the field of search engines. I read the latest Google investment report and there is an investment, which I am very interested." Tang En said calmly.
"What?"
Larry Page is curious now.
Tang En's investment vision is definitely a leader in the industry.
Tang Enda said: "In the past three months, Google has invested in 11 projects, 9 of which are internal projects and 2 of which are external projects, all of which are angel wheels. Among them, there is a company called youtube."
"youtube?" Larry Page smiled. Of course he knew, "There is this project, it is a video website. The Angel Wheel, which was negotiated 2 months ago, was officially launched the day before yesterday."
Tang Endao: "Online video will be the next trend of the Internet. However, whether it is Microsoft's MSN or Yahoo, there are advantages that Google cannot defeat in the online video business. If the two companies merge, youtube will not have any chance of success!"
Larry Page did not show too positive attitude, but he also knew that the merger between Microsoft and Yahoo was to resist Google.
Regardless of whether they can succeed in the future, Google is the safest if the merger fails.
"Next, we will ease our relationship with Yahoo and start business collaborations in commercial advertising and online video," Larry Page said.
The greater the living space Yahoo has, the less likely they will sell the company.
When it comes to rich people like Jerry Yang, money is really just a number for them. How big is the difference between a net worth of US$20 billion and a net worth of US$2 billion?
What they care more about is the success of their careers and the glory and prestige brought by success.
Selling a company to make money, small shareholders may agree that the founder will not be willing to do so, at least he will not give up hope when there is still hope.
Tang En nodded with satisfaction and said with a smile: "It's not just that. This merger and acquisition involves Microsoft, News Corp, Time Warner and Yahoo. It's best to defeat it one by one."
“Have you planned it?”
"I received a report saying that Google gave Facebook an ad order worth $150 million?"
"right."
Larry Page smiled slightly.
This is both a business cooperation and a human relationship.
During Google's entrepreneurial process, Tang En provided great help, not only funding, but also helping him with channels and connections.
Now that Google is on the market, it has already had its initial prototype of a giant, and it is time to give it back.
Facebook is a new social networking website. Larry Page, who founded Google, knew that it would take a lot of money to start a successful website.
Google can provide Facebook with some convenience through search channels, and can also provide some financial support.
Tang En knew their kindness, but shook his head, "I read that report, but I rejected it. In my opinion, Google's current partner should not be Facebook, but Myspace!"
Chapter completed!