American Fortune Life

“GE didn't mean it well! ”

In the conference room, Alvitt's list was serious and his eyebrows slightly wrinkled.

“With leveraged acquisitions, we spend only a fraction of our money, and most of the remaining money can come from bank mortgages, institutional borrowings and the issuance of junk bonds.

Raising funds with NBC Worldwide's assets and future cash flows and revenues secured and used to service debt and interest is not difficult for the boss.

While we succeed in acquiring NBC Worldwide and achieving the desired benefits, this will keep you from sharing the benefits of the appreciation of the company's assets.

But, boss, as long as you still have enough cash flow in your hand, you can deal with all the disadvantages of leveraged acquisitions, and then we can do a full overhaul of NBC Worldwide!

Leveraged acquisitions, the biggest risks are financial crises, unforeseen events such as economic downturns, and policy adjustments. This can lead to difficulties in paying regular interest, technical default and even full liquidation.

Based on the impact of the current financial turmoil sweeping the globe, as well as NBC's global operations and liabilities, the financial and operational risks are likely to be high and the risk of becoming insolvent or even bankrupt, which GE knows very well! ”

“Oh, so this is a big bait! Whether I bought them with my own funds or leverage, GE was one of the beneficiaries, and I either had a cash flow drawn or bore a high debt that would be difficult to reap in the short term.

Of course, Jeff Imert may have preferred to see the NBC Global continue to decline in the wake of the financial crisis, eventually leaving me without a home.

It's just revenge. It's a little pediatric.

But unfortunately, if you want to disappoint him, use the leverage to buy it and let our allies know that they will be willing to lend me money, but the price of gold has risen again. ”

Andy laughed with disdain at the General Electric counterattack, he was not worried about being pitted, he knew very well, there were four months left, the financial crisis was coming to an end, the US economy was going to rebound in the next few years, these undervalued quality assets were going to have a crazy surge, after all, the dollar was being poured too much water, the moisture was really too big.

“How much cash do we have now? ”

“The $40 billion in gold collateral has cost less than $3 billion, but, boss, your personal debt has reached $5.2 billion, and the total debt of all companies under the company exceeds $20 billion. ”

Andy heard Al's numbers and had an unnatural twitch in the corner of his mouth, although he knew that it was impossible not to raise a debt if he wanted to develop, and that some liabilities could be of great benefit to companies, saving them a lot of tax at least annually.

But listening to these numbers is still stressful!

“Looks like the next plan to acquire Qualcomm will have to use London's funds! ”

Andy shook his head helplessly, laughing that if he completed the acquisition of NBC Worldwide, 100% of his holdings, all of his companies would have a decent total debt of over $30 billion, and he seemed to be not only a super rich man, but also a super negative man!

His own debt of $5.2 billion was largely due to a $4.2 billion loan of the 20 per cent stake in NBC Worldwide acquired from Viwandi, France, as well as subprime loans from United States banks on personal credit and loans for the purchase of real estate and land worldwide.

But when he acquires NBC Worldwide, Andy will soon pass on this 4.2 billion debt, and he doesn't want to be a real loser.

“The key is that integration after the acquisition of NBC Worldwide will be a bit of a hassle, after all, the debt ratio is too high. ”

“Boss, it's actually very simple, after we acquire, we first make a big layoff, reduce the cost, wait after the financial crisis, by selling or shutting down part of the company's non-profit business, after rectification, we can definitely significantly reduce the cost and increase the profit margin.

Then, in the name of NBC Worldwide, you can borrow privately from your boss, acquire AMC TV, Peak Entertainment, Weinstein Film, HULU Video, consolidate your company, improve your valuation, and make your boss a creditor of the new company, so your boss can enjoy the new NBC Worldwide profit dividend.

And, boss, your personal cash flow will not be affected at all! ”

When he heard Al's suggestion, Andy couldn't help but shake his head with a smile and forget to change his left hand to his right!

“What about Yellowstone? ”

Alvitelli opened a folder in front of her and handed it to Andy, introducing: "The other guy bit $400 million, and club members were optimistic about the boss becoming the new owner of Yellowstone. ”

Andy smiled with a smile on his face, looking at all the data in the file in his hand, and laughed: "The other party can't help it either. Heh, after all, it owes PIGU a debt, 400 million is 400 million, it's already a lot of money, sign a deal in Gaia's name. A management team will then be established to manage and develop the Yellowstone Club. ”

“Okay, boss.” Alvitelli nodded, then waved to his neighbors and handed Andy a few documents back.

Andy smiled and went on, and after a quick glance, he picked up the brush's signature and handed it back to Al.

“By the way, Starbucks shares go to Budstone and they're buying them, and your next job is to focus on Qualcomm, notify the Bank of America and Goldman Sachs people to send someone over tomorrow morning to look into buying NBC Worldwide and see if they want to lend us their own money or raise money to help sell junk debt. ”

Alvitt closed the folder, nodded and said clearly, "Boss, how much do we owe this time? ”

“$12 billion doesn't really bring NBC Worldwide's liabilities close to total assets, and I don't want to put my company at risk of becoming insolvent.” Andy made the decision with a smile.

“I see.”

After the meeting, Andy didn't go back to his office, but took the elevator downstairs and came to the Freedom City Investment Company. Since taking down the Lehman Building, Andy has moved Gaia, Freedom City and the real estate company in.

Approaching the end of the day, the stock market has stopped, all the employees in the office hall of the investment company are relaxing, chatting, laughing from time to time, seeing Andy this big BOSS show up, all hurried up to say hello.

Andy smiled and nodded, suggesting that walking to Budstone's office, the high-speed operation of Free City Investment Corporation, could bring Andy rich returns every day, which was very difficult to afford in a financial storm and did not unfairly leave Andy with 2 billion dollars.

“I'll transfer $1 billion from Gaia's account, and you split up into two groups to help me continue to buy Starbucks shares, 32 percent of which are still too small. ”

Andy sat across from Budstone, smiling and arranging.

“Well, Starbucks' share price rebound momentum is quite high, the market is highly responsive to the boss, you need to suspend the acquisition action, preferably the boss, you can join the board as soon as possible to end the market expectations so that the share price can fall back. ”

“Finish Thanksgiving. All right, that's it. I won't bother you. Happy Thanksgiving. ”

“Happy Thanksgiving. ”