Chapter 192 The world is getting worse
Kravis doesn't care who the head of America Telecom is, but he still hopes he is someone with some ability, otherwise the mud will not be able to support the wall, and the KKR Group will also suffer.
After the executive meeting, Egger went without stopping and entered a small conference room with Kravis and others again.
Sitting in this conference room are all Wall Street people, basically several Wall Street companies that previously underwrote Double Click's shares, including Anshu Jain, who represents Deutsche Bank Investment Bank, and Paulson's confidant sent by Goldman Sachs.
Pellegrini, and this time Kronthal, who came on behalf of Merrill Lynch Investment Bank, is Merrill Lynch Investment Bank's most experienced mortgage trader.
America Telecom needs some allies. Although trusting Wall Street is worse than trusting a dog, there are still some things that are easier to handle with acquaintances.
Deutsche Bank Investment Bank, Goldman Sachs, and Merrill Lynch are America Telecom's partners in maintaining relationships on Wall Street. Comerica Bank is Song Yang's partner in the banking industry. In the future, they will basically look for some partners in all walks of life in America.
Anshu was sent by Edison. He had the most contact with America Telecom. Edison intended to put him in charge of America Telecom's business at Deutsche Bank Investment Bank.
"President Egger," Anshu called to Egger who walked into the office, "I hope you will convene this meeting today because you have important news to tell us!"
Looking at Anshu, Kronthal and others in the conference room who didn't bother to say hello to him, Kravis couldn't help but sigh in his heart. His era has indeed passed quietly. Ten years ago, even the boss of Deutsche Bank,
The president of Goldman Sachs did not dare to have any contempt for Kravis.
Pellegrini glanced at Kravis, a rare nod to the "old-timer". Pellegrini's eyes turned to Egger and Kravis several times, feeling that America
If Telecom comes to them for today's meeting, I'm afraid it won't be that simple.
Egger could feel the attitude of these people from Wall Street towards him. If Song Yang were here, Anshu, Pellegrini and the others would not dare to have such an attitude at all!
"You are all America Telecom's most important collaborators. Before Song left New York, he agreed to an acquisition plan from America Telecom!" Egger raised Song Yang's banner.
Upon hearing that it was the acquisition plan that Song Yang had agreed to, everyone in the small conference room immediately relaxed their ears. Regardless of how noisy the media was, Wall Street was increasingly pursuing Song Yang because nothing else could make money!
Taking a detailed look at Song Yang's operations since his debut, whether it is establishing an Internet company or investing, he has never heard of a loss. On the contrary, his net worth is getting bigger and bigger like a snowball. For those who can make money, whether they are geniuses or crooked people, as long as they are
If you don’t lose money, then Wall Street has always been blindly pursuing it!
Egger glanced at Kravis and said, "KKR Group is the investment adviser to America Telecom. For this plan, President Kravis provides counsel to America Telecom."
When they heard that the acquisition plan was drawn up by KKR Group for America Telecom, people from three investment banks turned their attention to Kravis.
"The first plan we formulated for America Telecom is to rapidly expand our influence in the American telecommunications industry!"
Kravis said, "WorldCom, the actual acquisition value of this company is not high. America Telecom wants to acquire another established telecommunications company."
Puserve Company also has plans for subsequent splits. Anshu, Kronsol, and Pellegrini couldn't help but feel that they are still old and spicy. This plan is a bit risky, but in the eyes of several investment banks
, compared with the benefits, this risk is nothing at all. If there are really 300% benefits, they would dare to sell the rope to hang themselves, let alone this.
“Compuserve is the first company that America Telecom plans to acquire. America Telecom will have more acquisition and investment plans in the future. Director Bruno Song and America Telecom hope that America Telecom can have more cooperation with your investment bank!
"
Egger drew another pie and told Anshu and the others that this acquisition was just a test of the waters, and they would play bigger in the future, depending on whether they could compete with America Telecom, which drove without a license and no brake pads.
The car is gone.
"How much acquisition capital is needed? President Edison promised Bruno Song that Deutsche Bank Investment Bank will support him."
Anshu answered very simply and directly pulled Addison out. Deutsche Bank Investment Bank is here to be a troublemaker. The purpose of investing in American Telecom is to let the whole of America know that Deutsche Bank Investment Bank is doing something. That's right.
Money, anyone who wants to do something good comes to Deutsche Bank Investment Bank. Deutsche Bank is eager to invest some money. Companies such as America Telecom and WorldCom have their wits about them. Even if they lose money, Deutsche Bank Investment Bank is happy!
Pellegrini and Kronthal did not speak, but looked at Egger. The investment bank they worked for was not as unsophisticated as the Deutsche Bank Investment Bank.
"The funds required for the acquisition are about one billion U.S. dollars, and the use time is about two months." Kravis said at the side.
"KKR Group is willing to provide about 20% of the acquisition funds!" Kravis said immediately. This is telling Anshu and others that KKR Group itself is not afraid, so what else are they afraid of?
The person representing Bank of Comerica also said at this time, "Bank of Comerica is willing to provide a 10% loan for the acquisition plan."
After investing in Song Yang, I made such a huge sum of money from America Telecom. In the future, there will be Double Click, ICQ and other projects. Comerica Bank is definitely on Song Yang's side now, asking people to give money to others.
kkr Group and Comerica Bank, which is equivalent to America Telecom raising 30% of the acquisition funds by itself, and the rest must be provided by Deutsche Bank Investment Bank, Goldman Sachs, and Merrill Lynch.
Anshu Jain looked around the conference room, thought for a moment, and then said directly, "Deutsche Bank Investment Bank is willing to bear 30% of the acquisition funds!"
Deutsche Bank Investment Bank, which has deep pockets and is not short of money at all, does not expect to make much money by investing in this acquisition. As long as it can increase its reputation, that is enough.
After Anshu spoke, Kronthal preceded Pellegrini and said, "I need to report this matter to Director Stan O'Neill, but Merrill Lynch is willing to cooperate with America Telecom. If the Merrill Lynch board of directors can agree, we will
Willing to provide 10% mortgage financing.”
There is no way. Compared with Deutsche Bank and Goldman Sachs, Merrill Lynch Investment Bank's life is very tight. It is impossible to spend too much money to accompany America Telecom. Just this 10%, 100 million U.S. dollars of funds
For the acquisition, Merrill Lynch probably had to sign a lot of mortgage agreements with America Telecom before it dared to give money to America Telecom.
Pellegrini glanced at Kronthal, wondering how Merrill Lynch got into this situation. It was almost embarrassing Wall Street!
"The remaining acquisition funds will be provided by Goldman Sachs!" Pellegrini said, showing the style of Wall Street's largest investment bank.
When Egger heard this, he breathed a sigh of relief. This was the first fire he lit after taking office as the head of America Telecom. How it will burn depends on the effect.
In the cafe on the campus of San Jose University, Song Yang, who had just finished playing tennis with his tutor Albert, came to this small cafe together.
In the cafe, a little old man was drinking coffee contentedly, looking out with deep eyes from time to time. If you just look at this picture, if it is taken with a camera, everyone who sees this picture will think that this picture is like this.
The person in the photo is a highly respected and knowledgeable old scholar who is thinking about an important topic...
However, I would never have imagined that it was this little old man who went on TV yesterday and once again staged the drama of tearing apart the debate guests with his hands, and boasted about Song Yang on the TV station.
"As long as Bruno Song is here, America Telecom will be the most valuable telecommunications company in the world. I have to say that Telephone and Telegraph Group has made the most correct decision in the past 100 years!"
The person who said this was naturally Professor Tristan, Song Yang’s nominal spiritual mentor, who was sitting in the coffee shop today.
As the number one "Song" player in America's academic industry, Tristan has spared no effort in praising Song Yang since his debut. It is no exaggeration to say that less than half of Song Yang's current fame comes from Tristan.
Tristan’s titles such as “New Generation Leader of the American Internet”, “Founder of Internet Advertising”, “Bringing the Internet into a New Era”, “Silicon Valley Genius” and “Godfather of Modern E-mail” are all attributed to Tristan
For the first one to blow it out.
Of course, Tristan was not at a loss either. As Song Yang became more and more famous and worth more and more, Tristan was also known as the most discerning scholar in America.
Not to mention that just last month, Song Yang once again donated three million US dollars as research and development funds for his laboratory, which has been researching for ten years and has never come up with any research.
It can be said that the past two years since Song Yang's debut have been Tristan's most glorious two years. Coupled with his increasingly fierce fighting power, he often made arrogant remarks for Song Yang and made various plans for Song Yang.
I don’t even dare to set a flag, but now major TV stations are willing to invite Tristan to appear on programs, and newspapers are also willing to interview him to see what he thinks of the Internet industry, which newcomers he has discovered, etc.
Yesterday, Tristan was on the TV station and criticized a group of program guests for America Telecom. Those guests all thought that America Telecom, which Song Yang used to make money, was a complete scam.
Professor Tristan was not happy with this. He opened fire on the other side and said that as long as Song Yang is here, America Telecom will be the most worth investing in telecommunications company in America. America Telecom is redefining the telecommunications industry.
In short, in Tristan's eyes, no one in America "understands" the telecommunications industry better than Song Yang. Being able to reorganize with America Telecom is a blessing that the Telephone and Telegraph Group has accumulated over more than a hundred years...
Sitting in the coffee shop, Tristan was still thinking about yesterday's confrontation. Since he unlocked this new skill, Tristan feels that this is much more comfortable than doing research and development!
"Professor Tristan!"
Chapter completed!