American Fortune Life

“Boss, the Independent Media Group essentially agrees to sell the UK DU Bulletin and Sunday DU Bulletin to you for a nominal price of £1 (approximately $1.5), as well as the Du Bulletin website. ”

Andy leaned lazily against the boss's chair and listened to the debriefing from the negotiating team who went to Fleet Street to find the acquisition target, his fingers gently spinning around the cup's mouth.

“Terms.”

Of course there is no free lunch in the world, you should know that Newsweek, which he bought for a dollar, was almost $200 million in debt alone, let alone lost money, and not everyone dares to take advantage of that cheap price.

To put it this way, after Andy bought Newsweek for a dollar and released the news to the public, the stock price of the original East Washington Post rose by more than a dozen percent on the same day, and the market looked forward to the future after the postal group dropped the baggage.

Andy brought this mode of operation to the UK again, and it has to be said that he is still very pleased with this method of acquisition. The risk is that it will take a certain amount of money invested in the initial period and the future of the newspaper. After all, can the downhill road be stopped? This is not something Andy can dictate. You should know that the rapid development of new media such as television and the Internet has led to a dramatic shrinkage in the share of the paper media market.

“The Irish DU Press Group assumes the debts and employee salaries owed to newspapers currently in a state of loss, subject to a £5 million investment in INM and a guarantee that the contract with INM will not be terminated for five years. ”

“Phew--”

Andy couldn't help laughing, and the curvature in the corner of his mouth was dramatically elevated, filled with ridicule, "Let them continue dreaming! ”

Hearing the big boss's cynicism, the negotiator's subordinate also nodded: “Based on the other party's disrespectful request, we have given notice of suspension of the negotiations, and we have also publicized the progress of the negotiations to prevent the Absolute Party from using this acquisition to raise the share price. ”

“Well done, I like to take advantage of other people, but being taken advantage of is the thing I hate the most. Let them go, huh, the loss of more than £12 million a year will show them the reality, give them a chance to dump the baggage, and try to bite me with it. It's greedy! ”

Andy blinked his eyes and took a sip of coffee casually, not paying attention to his words and giving a strange look to a group of subordinates sitting in front of him.

Their team members responsible for the acquisition are perfectly clear about the idea of their boss dying to take advantage of the purchase. They also understand the spleen of the boss after multiple acquisition wars. They know what the conditions are acceptable and what the bottom line is untouchable. So when INM asks for investment, the person in charge of negotiating for another five years will not withdraw a single export. The person in charge of negotiating directly packs up the documents and terminates the negotiations. In the face of the INM crowd, he leaves the negotiating room directly with people.

The people of INM Group obviously couldn't handle it clearly. They really thought they were the only ones. They were willing to help them lose their baggage. Not only did they appreciate it, but they also wanted to make a fortune. They really wanted to go blind.

“Jerry, how's it going over there?” Andy looked at the head of his desk on the left and asked with a smile.

“Negotiations with the Daily Mail Group went smoothly, with the 182-year-old British Standard Evening News now the only nationally released evening paper in the UK to be purchased for a fee at a loss of about £10 million per year, coupled with the gradual loss of readers and growing hardship following the appearance of the London Evening News and the London Light in London in 2006.

The Daily Mail is very pleased with our presence, they hold 75.1% of the shares and are willing to bid at a low price of £1m, but the remaining 24.9% of the shares are held by the Union Newspapers, rejecting our offer of £300,000. ”

Andy frowned and asked, “What is this joint newspaper? ”

“The London Light, which was published last year at the same time as Murdoch's London Evening News, is from the United Newspapers, all on the regional Xing Evening News route.” Jerry explained.

“Well, another shareholder who won't let go? Oh, still a competitor.” Andy nodded his head, his eyes flashed and he smiled and spoke to himself.

“Are some of the details of the British Standard Evening Newspaper clear? ”

“Despite its long history, the financial situation is not complicated, but the newspaper sector is bloated, and if the boss decides to take over, reform is imperative, with layoffs bearing the brunt, to save costs and reduce newspaper losses. ”

Andy's eyes shrugged, just laughed at his subordinates' advice, couldn't put it aside, just that nobody knew, his brain had spinning faster, an increasingly clear plan appeared in his mind, eventually shaped, and he couldn't help but say, "Isn't it just a million pounds? If the plan succeeded, what could it be? Once the plan was done, it didn't try to stir up Fleet Street, destroy other opponents, and become unicorns again. ”

“Jerry, this afternoon you will sign an acquisition agreement with the Daily Mail Group, submit an acquisition application to the British Antimonopoly Agency, and let the Daily Mail Group find a way to complete the trial as soon as possible, not to mention that they can't even do that.” Andy sat up straight and his expression got serious.

You know, his acquisition of newspapers in the UK was not considered a business, but rather a voice and influence, to survive the credibility of the 182 British Standard Evening Newspapers and his historical position in the UK newspapers was unquestionable. Although sales had shrunk to 250,000 copies per day, it was undoubtedly a good experiment, even if it would make the whole fleet curse, but would he care?

After the two acquisition teams left, Andy wandered around the boss chair and looked at the gray London sky, "Looks like we're going to be here for a few more days. ”

That afternoon, Jerry signed an acquisition agreement on behalf of Andy and the Daily Mail Group, and Andy submitted an acquisition application to the British Antimonopoly Agency that same day to expedite the proceedings with the help of the Daily Mail Group.

Two mornings later, the British newspaper's famous Fleet Street.

Today, Fleet Street is more relevant to the judiciary, with more courts and law firms on and near the streets, almost all newspapers that have been based in or near Fleet Street have been relocated, while the 182-year-old British Standard Evening Newspapers still have no choice but to leave.

A historic granite trapezoidal corner building on the main road with a two-metre-wide front red wooden arch, the five-story classical European building is home to the British Standard Evening Newspaper.

In the lobby of the Standard Evening Newspapers, Andy and representatives of the Daily Mail, witnessed by the CEO of the Joint Newspapers and numerous journalists, went through the final acquisition process, and the two quickly signed their names under the flash, exchanging equity transfer contracts, of course the deal was long overdue, and today was just the way it was, the key or the press conference that followed.

Andy chose not to leave the press to ask questions, but to make his first official voice in London.

“The Standard Evening Newspaper, founded at the end of the eighteenth century and nearly two hundred years old, not only witnessed the arrival and fall of the British Empire, but also experienced the Civil War in the United States, as well as two world wars, each of which, as is well known, had its own subjective stance, attracting a group of like-minded, faithful readers.

It targets the middle-class in the UK, and the needle derogatory events are quite insightful, with few words spoken, and for many foreigners it can also be used as a teaching material for the promotion of English.

I'm proud to own this precious 182-year-old newspaper, and we're going to have a series of reforms and innovations to strengthen the status and influence of the standard newspaper in London, which will still stick to the middle class route, stay flat without spilling dog blood, and not attract eyeballs with a creepy title. “

After making a brief formal statement, Andy left the press conference in a flash and in a variety of shouting questions on the scene, and the momentum forced him to take his team behind him and the original management of the standard newspaper, as well as representatives of the joint newspaper, to the conference room on the fourth floor, led by Marlins, general manager of the standard newspaper.