Chapter 724 Year-old newspaper
"Boss, the independent news media group basically agreed to sell its British "Du Libao" and "Du Libao" to you at a symbolic price of 1 pound (about 1.5 US dollars), and also includes the "Du Libao website..."
Andy leaned lazily on the boss's chair, listening to the report of the negotiation team that went to Fleet Street to find the acquisition target, and his fingers gently rotated back and forth on the mouth of the coffee cup.
"condition."
Of course there is no free lunch in this world. You should know that the "News Weekly" he acquired for one dollar was nearly 200 million US dollars alone, not to mention the loss of money. This kind of advantage is not something that anyone dares to take.
To put it this way, after Andy acquired Newsweek with one dollar and announced the news, the stock price of the former owner, Washington Post, rose by more than 10% on the same day. The market is very optimistic about the future of the Post Group after it gets rid of this burden.
Andy brought this operation mode to the UK again. It has to be said that he is still very fond of this acquisition method. The risk is to have a certain amount of capital investment for the first period and the future prospects of newspapers. After all, whether the downward trend can be stopped is not something Andy can control it. You must know that the rapid development of new media in television and networks has led to a significant decline in the market share of paper media.
"Ireland Du Li News Media Group assumes the debts and employees' wages owed by newspapers currently in a loss-making state. The prerequisite for a one-pound acquisition is to invest 5 million pounds in Inm and ensure that the contract with Inm will not be terminated within 5 years..."
"laugh"
Andy couldn't help but sneer, the curve of the corners of his mouth was obviously raised, full of mockery, "Let them continue to dream!"
Hearing the cold sarcasm of the big boss, the subordinates in charge of the negotiations couldn't help but nodded and said: "Based on the other party's rude request, we have made a notice to suspend the negotiations. At the same time, we have also announced the progress of the negotiations to the public. Du Zheng's side uses this acquisition to raise the stock price."
"Well, I'm doing a good job. I like to take advantage of others, but the things I hate the most. Let's leave them alone first. Haha, the loss of more than 12 million pounds per year will allow them to see the reality clearly, give them the opportunity to get rid of the burden, and want to use this to bite me. It's really greedy!"
Andy blinked his eyes, took a sip of coffee leisurely, and did not care about his own words, causing the group of subordinates sitting in front of him to peer at each other and reveal a strange expression.
The team members in charge of the acquisition are very clear about their big boss's acquisition ideas. After many acquisition wars, they also understand the temperament of the big boss, knowing what conditions are acceptable and what bottom line cannot be touched. Therefore, when Inm requires investment, he will not withdraw investment for five years and ask for an export. The person in charge of the negotiations directly packed up the documents and terminated the negotiations. In the confused expressions of the group of people in Inm, he took the people directly to the negotiation venue.
The people of the inm group are obviously confused and really think that they are the ones they are and are willing to help them get rid of their burdens. Not only are they not grateful, they also want to make a fortune. They really want to blindly think about it.
"Jerrys, how is your situation?" Andy looked at the person in charge on the left hand side of his desk and asked with a smile.
"Our negotiations with the Daily Mail Group were relatively smooth. The 182-year-old British Evening News is currently the only national evening newspaper in the UK that needs to be purchased for a fee. Due to the loss of about 10 million pounds per year, and since the "London Evening News" and "Light of London" appeared in London in 2006, readers have gradually lost and their operations have become increasingly difficult.
The Daily Mail is very happy about our appearance. They hold 75.1% of the shares and are willing to sell for a low price of 1 million pounds, but the remaining 24.9% of the shares are held by the United Press, rejecting our bid for a purchase price of 300,000 pounds."
Andy couldn't help but frowned slightly and asked, "What's the situation with this joint newspaper?"
"The London Light, which was published at the same time as the London Evening News published by Murdoch last year, is from the United News Agency, and they both take the regional xing Evening News route." Jerrys explained.
"Well, is it another shareholder who refuses to let go? Haha, he is actually a competitor." Andy nodded, his eyes flashed with a bright light, and he chuckled and said to himself.
"Have you understood some specific situations of the British Evening Standard newspaper?"
"Although the history is long, the financial situation is not complicated. It is just that the newspaper department is bloated. If the boss decides to take over, reform is imperative, and layoffs are the first to save costs and reduce newspaper losses."
Andy narrowed his eyes slightly, and just smiled at his subordinate's suggestion, without comment. But no one knew that his brain had turned rapidly, and a clearer plan appeared in his mind and finally took shape. He couldn't help but say in his heart, "Isn't it just 1 million pounds? What can I do if I just waste it? Once the plan is successful, it may not be impossible to stir up the Fleet Street, eliminate other opponents, and become a unicorn again."
"Jerrys, in the afternoon, you will sign an acquisition agreement with the Daily Mail Group and submit an acquisition application to the British antitrust agency, so that the Daily Mail Group can find a way to complete the trial as soon as possible, not to mention that they can't even do this." Andy sat up straight, his expression becoming serious and serious.
You should know that he bought newspapers in the UK, not just as a business, but for the sake of his right to speak and influence. The credibility and historical status in British newspapers, which have survived for 182 years, are beyond doubt. Although sales have shrunk to 250,000 copies per day, it is undoubtedly a good experimental subject. Even if the entire fleet street would curse, would he care?
After the two acquisition teams left, Andy shook the boss's chair and looked at the somewhat gray London sky, "It seems that he will stay for a few more days."
In the afternoon of the same day, Jerrys signed an acquisition agreement with the Daily Mail Group on behalf of Andy. Andy submitted an acquisition application to the British antitrust agency on the same day. With the help of the Daily Mail Group, the trial was accelerated.
Two days later, the famous Fleet Street in the hometown of British newspapers.
Fleet Street is more related to the judicial circle. There are more courts and law firms on the streets and nearby. Almost all newspapers that once lived in Fleet Street or nearby have been relocated, and the 182-year-old British Evening Standard newspaper still has no choice but to leave.
A granite trapezoidal corner building close to the main road, close to the main road, is a five-story classical European-style building with a red wooden arch with a two-meter-wide frontal red wooden arch. It is the location of the British Evening Standard newspaper.
In the lobby of the Evening Standard newspaper, Andy and the representatives of the Daily Mail conducted the final acquisition process under the witness of the United News Agency EO and numerous reporters. The two quickly signed their names under the flash and exchanged equity transfer contracts. Of course, the transaction had been reached long ago, and today was just a show of it. The key was the press conference later.
Next, Andy did not choose to let the reporters ask questions, but chose to officially make his voice in London for the first time.
"The Evening Standard, founded at the end of the 18th century, has a history of nearly two hundred years. It not only witnessed the rise and fall of the British Empire, but also experienced the Civil War and the two world wars. As we all know, the newspapers in Britain each have their own subjective position and attracted a group of loyal readers with the same ideas.
It targets the middle class in the UK and is quite insightful in defaming current affairs. It is rare to use words to choose words and slang. For many foreigners, it can also be used as a textbook to enhance English.
I am very proud to own this precious newspaper with 18 years of history. We will have a series of reforms and innovations to strengthen the status and influence of Standard Newspaper in London. Standard Newspaper will still adhere to the middle class route, keep it flat without spilling blood, and will not use thrilling titles to attract attention... "
After making a brief and formal speech, Andy left the press conference in a flash and amidst all kinds of yelling questions at the scene. Under the leadership of Marlins, the general manager of Standard News, he walked to the conference room on the fourth floor with his team, the former management of Standard News and representatives of the United News Agency behind him.
Chapter completed!