Chapter 686 [Who will defeat the rich man](2/2)
Beverly Hills, California, where the Hilton Hotel headquarters is located.
Harold took his team to the conference room of Hilton headquarters. Stephen Bollenbach, then CEO of Hilton Group, accompanied by consulting representatives, met with a delegation from Barings Bank.
When making the appointment, Bollenbach had every reason to be interested in the deal: Hilton's stock price was relatively sluggish at that time, and it was at a lower valuation level than other competitors. If it could be sold at a good price,
Giving it to Barings Bank is the best thing for shareholders.
"Mr. Harold, I really didn't expect that you had just privatized the Four Seasons Hotel and were interested in the Hilton Hotel!" Bollenbach said with a smile.
Harold responded: "The Four Seasons Hotel is not a good investment project. The Hilton Hotel is the asset we really value!"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! The atmosphere between the two parties was very good at the beginning, but when Harold quoted $26.50, Bollenbach suddenly felt a chill. You know,
For Bollenbach, the ideal price is at least $32.
Bollenbach smiled and said: "This price really surprises me!"
Harold responded: "After all, the U.S. economy has been growing for many years, and we also have to consider risks!"
Bolenbach smiled and shook his head. After various negotiations between the two parties, the price did not change; because Harold was very patient, after all, it was a deal worth about 18 billion U.S. dollars (including debt), and he would definitely have to negotiate with Hilton's senior management.
We talk more.
Therefore, neither party was in a hurry during this negotiation, and there was no substantial progress in the end.
After Harold and his party left.
Bollenbach told the consulting representatives: "The offer from Barings Bank is not high, and it is completely different from what the privatized Four Seasons Hotel showed. Do they want to slowly negotiate with us?"
The consulting representative said: "In acquiring the Four Seasons Hotel, Bill Gates also joined the competition, which ultimately led to a high price. Therefore, if Hilton Hotel introduces other investors to bid for it, there is a chance to negotiate a higher price!"
Bollenbach's eyes lit up and he said: "It makes sense, then let the news out!"
.........
Soon, the American media broke the news: Barings Bank was negotiating to acquire the Hilton Hotel.
For a time, it shocked many Americans.
“Is this Barings Bank of America?”
"What, the rich Chinese again?"
"No, the Hilton Hotel is a hotel for us Americans. It is not a Four Seasons Hotel (Canada), nor is it a Ritz-Carlton Hotel (originating in Europe). It is a hotel born and raised by Americans."
"Yes, who will defeat that rich Chinese? He is too arrogant!"
Americans started discussing it one after another, and Lin Zuhui's reputation rose again.
Of course, the acquisition of the hotel industry does not require official approval from the United States. This is not a core technology, nor is it a field of people's livelihood, nor is it a tool for making money.
For American officials, they very much welcome Lin Zuhui to invest money in the United States, and even hope that Lin Zuhui will immigrate to the United States and become the pride of Americans.
What makes Lin Zuhui proud is not his wealth, but his legendary experience. He started from scratch and became the world's richest man under the age of thirty. His career spans many fields... These are the things that even Europeans and Americans admire.
place.
.......
Lin Zuhui came to the ‘Amazon Shopping Center’ headquarters and held a meeting with senior executives.
Amazon Shopping Center is positioned as a European and American shopping mall giant. It has developed rapidly in recent years. It took nearly five years to renovate 19 shopping malls starting in 1994 to 51 shopping malls today; it invested 1 billion from the beginning.
After acquiring properties with U.S. dollars, the shopping mall now has a total value of 16 billion U.S. dollars, and its liabilities are only 3 billion U.S. dollars.
The success of Amazon Shopping Center is due to various reasons:
First, Lin Zuhui hired American professional managers, from CEOs to project managers and supervisors, most of whom are from the United States. In this way, New Era Group's business management is almost only for capital injection and financial review, and the rest of the rights are
In the hands of the management team with Steven as CEO; of course, the boss Lin Zuhui has the power of life and death, although he has very little interference.
Second, the continuous injection of funds allows Amazon to ensure that a large number of new shopping malls are put into use every year.
Third, the strategies formulated are very correct, such as learning the advantages of Westfield Shopping Center, making full use of the surrounding land to develop apartments, and establishing cooperative relationships with large retailers such as Macy's Department Store.
Fourth, from design, construction/decoration, settlement, etc., Amazon adopts a one-stop industrial chain and unified signboards, etc., which strengthens the brand of ‘Amazon Shopping Center’.
For many reasons, Amazon Shopping Center has developed very well, which greatly increased Lin Zuhui's confidence.
To be honest, at this time, ‘Amazon Shopping Mall’ has not yet enjoyed the fame benefits of ‘Amazon.com’; after the millennium, when Amazon.com becomes more and more popular, it will also bring about the fame of Amazon Shopping Mall.
In the future, a merger between the two Amazons cannot be ruled out.
In the conference room, Lin Zuhui sat in the seat that originally belonged to Steven.
"Amazon shopping center in Canary Wharf, how is it going?"
This shopping mall is Amazon's first entry into Europe, and it is of great significance. Canary Wharf is a group company, and it will not take advantage of outsiders.
Steven said seriously: "Other progress has been relatively smooth, but it is not as simple as expected. In the UK, Amazon, as an employer, is not recognized by the locals. It is difficult to recruit professional managers. The locals have always kept a distance from the company.
But don’t worry, boss. In order to reduce the pressure, many Amazon professional managers came to the UK from the United States to apply their market skills and experience, coupled with the new market managers’ in-depth understanding of the local market, to start Amazon’s global expansion of off-site breeding.
Exploration and practice.”
Lin Zuhui said: "When Amazon was founded, I decided from the beginning to gradually use all local talents in the United States, and now the Amazon shopping mall has been created. Unexpectedly, we encountered the same problem again so soon. In short, Europe is next
In the key development areas of our Amazon shopping mall, I hope you will allow more local professional managers to join us and recognize us."
Everyone nodded one after another, and they also very much agreed with the boss's statement.
In fact, they also understand that the boss’s many opinions have played a big role in the Amazon Shopping Center’s success today.
Steven said: "Okay, I will pay attention to this problem!"
Then Lin Zuhui said: "What is the current total value of the shopping malls in Westfield?"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! As the learning object and competitor set from the beginning, it is natural to know yourself and the enemy.
Steven said: "They have about 90 shopping malls, with a total value of more than 40 billion US dollars!"
It seems that the average value of a single shopping center in Westfield Shopping Center is higher, which may be affected by the property area, location, city, etc.
Lin Zuhui immediately said: "In the past two years, the group's finances have been very sufficient, and Amazon's debt is relatively small, so it has to double its investment, with an annual scale of about 4 billion US dollars."
Everyone was shocked. This investment was indeed very large.
After all, Westfield has been established for more than 30 years to achieve its current achievements, while Amazon Shopping Center has only been established for five years. Even New Era Group, based on Lin Zuhui's arrival, has only been here for more than 10 years.
Steve said excitedly: "No problem, we will definitely make a development plan!"
Lin Zuhui smiled and said: "I have found a large-scale project for you!"
People became interested, and the boss let Amazon settle in the Canary Wharf shopping mall, which was considered the first location he personally selected.
Lin Zuhui continued: "This project is located at the former site of the '1908 Franco-British Exhibition' in London. I hope you will build the largest shopping mall in Europe and enhance the influence of the entire Amazon shopping mall."
Steve immediately said: "Okay, let's start this project team as soon as possible!"
This project needs construction. The site of the 1908 Franco-British Exhibition is in a very good location, with Imperial College and the BBC Building nearby.
If the largest European shopping mall is built in this area, Lin Zuhui will immediately arrange to develop surrounding real estate projects.
Just like the land surrounding Canary Wharf, Lin Zuhui is also very keen on investing.
........
When he was in the United States, Lin Zuhui was not talking about new projects, but reviewing current investments. So now every time he comes to the United States, he will go to the U.S. branch of Hengjin Investment, Matrix Partners (USA), and meet with senior executives.
, read through the documents yourself.
At this time, Hengjin Investment had an asset value of more than 250 billion (including the market value of Xiangjiang blue chip stock market and the Bahrain Bank Hotel Fund), which can be said to be a strong financial position.
Hengjin Investment is registered in the Cayman Islands, and its assets are all offshore, with a diversified investment model. Therefore, outsiders only know that Lin Zuhui is a private investment company, but they do not know the specific financial situation.
Jingwei Capital has been exposed very well, because it is a venture capital company, and it is also a very successful and well-known venture capital company; currently, Jingwei Capital has assets of more than 20 billion US dollars (including the valuation of unlisted companies), which can be said to be
Expose Lin Zuhui to the public eye.
Recently, Matrix Partners invested in 10% of Google's equity for only US$1.6 million, which was negotiated by the local team in the United States. Although Matrix Partners has laid off some American investment managers, after all, it still manages so many assets, so Matrix Capital (
The team in the United States still has more than 20 people, all of whom are elite talents.
Venture capital companies not only provide capital for development of enterprises, but also provide talent to start-up companies.
Take this time Google accepted investment from Matrix Partners as an example. Matrix Partners then looked for a new office for Google and prepared them to move out of the garage. Then, Matrix Partners also looked for technical talents to join Google and provided legal support and other assistance.
After all, Jingwei Capital has been working in the United States for so many years, and its network of connections is far more powerful than that of two young people who just left school.
As Jingwei Capital invested in Google, the company was also targeted by many venture capital companies. Naturally, the two founders at this time would not be in a hurry to accept the investment because there was no shortage of money. Jingwei Capital even gave suggestions.
The one-time investment was US$20 million (10%), and the two founders immediately felt at ease to work on technology.
Jingwei Capital generally does not invest in two rounds. After all, an Internet company will basically not accept the same venture capital company for two rounds, unless the price you give is too high; and the reason why Jingwei Capital does not invest in two rounds is also very simple, because it needs to be followed later.
investors to increase the price of the company.
It's like speculating on antiques. If you buy all Sanyu's paintings, his paintings won't rise at all. But if you buy a few paintings every year and then gradually raise the price, then the value of your previous paintings will also increase.
Chapter completed!