Chapter 85 The New Head of the Newspaper Industry
After Andy said that, the office entered a strange silence. Arthur Carter looked at Andy, who was lowering his head and tasting his coffee in a shocked look, and was speechless for a long time.
After taking a sip of the cigar, Arthur Carter calmed down his surprise, spit out the smoke, closed his eyes, and thought seriously about what Andy said. The young man's vision and analytical ability were really terrible.
He and Robert and Judd met two or three times because of the acquisition issue, and the communication was not very smooth. Although Auston was his personal lawyer, he did not understand these situations very clearly.
The young man in front of him can only use limited information to infer and analyze the attitudes and ideas of the other two people towards the acquisition of "Observer", which is simply incredible.
Andy's analysis was correct. Robert's Tribeca Group didn't want to pay a penny, but he repeatedly emphasized that it would give newspapers a good future and make newspapers flourish. Arthur Carter has basically excluded Tribeca Group.
If Andy hadn't appeared, he might have really sold the newspaper to Judd KSN. He had some friendship with Judd's father and was optimistic about Judd's future. He was a young and promising talent and had made great profits in several real estate investments. He also had strong abilities, but it also showed that Judd was a standard businessman, and everything was for making money. As Andy said, Arthur Carter was sure that Judd would definitely carry out newspaper reforms in order to make a profit, and it was not impossible to turn into an entertainment tabloid.
Now it seems that Judd is not a good choice, but Judd is willing to bid $7 million to acquire it, which is one of the reasons why he is moved. If Andy can give a suitable price, he will agree to sell it to him without hesitation.
As if it had decided something, Arthur Carter opened his eyes and spoke in a low voice: "Young man, you have successfully convinced me, then, Mr. Smith, what price are you going to buy the New York Observer?"
Arthur Carter's words made Smith and his son feel relieved. Auston really admired his son. Think about what he was doing when he was 21 years old? It seemed that he was still studying law in college and was working hard to study for a lawyer license.
Andy frowned slightly, pondered for a while, and quickly analyzed in his mind that the final price was 10 million US dollars. Arthur and Judd's contact was just beginning. With Judd's net worth, his initial offer should be between 5 million and 7 million. After all, it is necessary to have a buffer range for negotiations, and no one wants to be a sucker.
"8 million, I'm willing to bid 8 million to acquire the New York Observer!" Andy secretly bit his teeth and decided to take a risk. He would never spend more money if he could spend less money. A number report came out.
Arthur Carter remained calm, but he was still thinking in his heart. His psychological price was 10 million US dollars, Judd offered 7 million, and Andy now offered 8 million, which was a bit different from his psychological price, but it was not unacceptable. After all, there are still dozens of employees in the newspaper that need to be negotiated.
"Young man, after all, I want to sell "Observer". I still need to listen to the opinions and requirements of the newspaper's management. You can wait here for a while." After saying that, he stood up, walked back to his desk and pressed the phone. "Annie, notify Pete, and hold a management meeting in the conference room later."
"Auston, you can accompany Andy here first, I'll be back soon." Arthur Carter picked up the suit on the clothes rack and put it on, and said to Auston Smith.
"Okay, Mr. Carter." Auston nodded and agreed.
Seeing Arthur Carter leave the office, Andy apologized to his father with a little tangled concern: "Dad, it hasn't affected your relationship with Mr. Carter, right?"
"Haha, what are you thinking? I am his personal lawyer. I am only responsible for him. His newspaper is responsible for another lawyer. Don't worry, it has no impact." Auston explained with a chuckling, feeling extremely relieved and proud of his son's performance today.
"That's good. I'm afraid that Arthur Carter will misunderstand you against the rules of confidentiality and reveal the news to me." Andy let go of his worries this time when he heard his father's explanation.
"Haha, I'm a lawyer, how could I make such a low-level mistake? I won't violate my professional ethics. Arthur and I have been in love for 7 or 8 years. He knows me, so don't worry." Auston picked up the coffee and took a sip, and then asked: "Do you think Arthur would agree to the purchase price of 8 million?"
"Maybe, but this is not the final price. After all, I can't tell my own price as soon as I come up, so it will not be of any benefit to the next negotiation." Andy shrugged and spread his hands.
Auston nodded and said nothing.
The waiting time was a little boring. Andy left Arthur Carter's office and whispered with his negotiating team in the rest area of the secretary's room, and explained in detail what he had just talked with Arthur Carter, so that the negotiating team knew it.
About half an hour passed, Arthur Carter's secretary came back to invite Andy and the others to the newspaper's conference room.
Andy knew that the show was going on, so she whispered to her lawyer, Nelson and Finance David, and then followed Anne to the conference room first.
There were six people sitting on one side of the conference room, and the other was empty. Arthur Carter stood at the door and saw Andy and his group coming in, introducing him to Andy with a smile.
When it was the newspaper editor-in-chief Pete Kaplan, he nodded slightly at Andy, and then said, "I'm glad to know you."
Both sides sat down, Arthur Carter basically agreed to Andy's acquisition, but there was still some objection to the price. He also handed over the newspaper's detailed information and financial statements to Andy's negotiating team for viewing.
Neither Andy nor Arthur Carter interfered in the negotiations too much. After all, they were bosses. They told their subordinates the results they wanted and asked their subordinates to help them fight for them. They were qualified bosses.
Andy's side killed the newspaper's loss and refused to increase the acquisition funds. However, Arthur Carter's side kept emphasizing the influence and credibility of "Observer". Not only that, the newspaper also wanted Andy's side to make a promise and would not reform it by laying off employees.
When Andy's negotiating team immediately exploded, blushed and started to yell, two groups of well-dressed gentlemen quarreled.
There was a quarrel in the conference room, and the newspaper staff finally knew what the group of people that appeared this morning did. For a while, everyone was in danger. After all, with a new boss, everyone's future will also be variable. The newspaper will suffer losses every year, which no boss will like. The easiest way to avoid losses is to lay off employees and reduce capital expenditures.
The news soon spread throughout the newspaper. Even the reporters who had gone out to edit and edit this morning rushed back from outside and gathered together and discussed with trepidation. When they saw Arthur Carter's secretary Anne come out of the conference room, they were immediately surrounded by some middle-level managers to inquire.
Anne, who returned to the conference room from outside, was whispering something in Arthur Carter's ear. A hint of anger appeared on Arthur Carter's face. He waved to Pit Kaplan, whispered a few words to Pit, who was standing in front of him, and waved his hand impatiently.
Pete Kaplan walked out of the conference room with a dark face, then heard his roar, and then some messy sounds sounded, not real.
"Andy, I agree to sell it to you for 8 million, but you must agree that you cannot lay off a large number of employees due to losses within one year after you take over!" Arthur Carter couldn't help but sigh when he heard the noise outside. The newspaper he founded 20 years ago has come to this day. It's not that he has no money and cannot support it, but that he no longer has the energy to explore it. His children are not as fond of this loss-making newspaper, so they can only find a suitable new owner for it.
"Okay! I agree." Andy did not hesitate at all, ignored the shaking of lawyer Nelson and financial manager David, and agreed happily.
Since Andy and Arthur Carter reached a consensus, things were simple. They quickly drafted the contract and Andy wrote a check.
Sign, exchange contract signatures, and hand over the check.
Arthur Carter put the check in his pocket, reached out and held it with Andy, his voice low and a hint of sadness, "It's yours, I hope you treat it well!"
"I will! You will see it grow stronger!" Andy said confidently and firmly with a sunny smile on his face.
Chapter completed!