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163 Equity swap

Richard Parsons leaned toward the back of the chair, looked at Bai Quinn in a stance of a superior, and said, "I heard that you are in contact with WWF, why should you join the loser? Don't you want to join the winner?"

WCW?

How much does it cost to buy it!

FlashIn. The confidence that it is about to go public is obviously not enough. It will take time to lift the ban after listing, and it is obviously unpaid to mortgage stocks.

WCW needs to slowly run a long-term business. Once the funds are invested, there will be no way to make a profit within three to five years. Many American rich people who buy teams basically have this mentality.

Since you are slow to recover your capital, what money will you use to redeem the mortgaged stocks?

Rely on royalties?

That's even more difficult. The hot-selling period of "20" has passed, and the income it brings will drop sharply in the future. He is not like Eminem. He just released one album and the second one was produced. I don't know how long it will take to wait for his second album.

Copyright is even worse. If it is a long-term meal ticket. If it cannot be redeemed after selling or mortgage, it is just killing the chicken to get the eggs. If your mind is broken, you will do this.

Many celebrities invest randomly if they have some money on their hands, and they lose money until they go bankrupt. As a result, the copyright in their hands is bought cheaply. There are not too many precedents like this!

The website under "Rotten Tomatoes" that was independently created with Perrik Lee, which specializes in DVD rental business, has invested millions of dollars, and the subsequent investment will only be more. We are also counting on Flash to recover.

After all, I really have no surplus food on hand!

So, Bai Quinn could only make a very sorry expression and said: "President Parsons, I really want to run the wrestling industry very much. I am currently engaged in investment negotiations with WWF, but I don't have much money to use. You know, stocks do not represent cash."

Bai Quinn spread her hands and had no money.

The negotiations with WWF have never been successful. On the one hand, Lao Mai's valuation is too high; on the other hand, Bai Quinn has always felt that it was her own appearance that made WWF fail to become the winner of the wrestling brand war. In that case, spending $10 or 20 million to invest in WWF wouldn't it be a waste of money?

But the real estate businessman still has to pay back the favors. He privately asked Samantha about the real estate businessman’s recent moves to see what could be done, and prepared to repay the favors of the real estate businessman in other aspects if the negotiation collapses.

At present, it may be a win-win choice to help him stand on the Miss Universe page in 1998.

"I know you don't have much cash, so what about equity swaps? Flash for WCW!"

Richard Parsons' words shocked Bai Quinn. A behemoth like Time Warner is actually interested in Internet companies.

"I can also add a cash to this transaction so that you can get enough equity in WWF. If the two wrestling leagues can cooperate through your bond, or even merge into one, you can imagine that in 1966, Tex Salaman promoted the merger of the AFL and the NFL, which led to the birth of the Super Bowl. You are Tex Salaman in the wrestling industry!"

Richard Parsons' words were indeed very tempting. Bai Quinn was 100% sure that this old man, who was a mixed-race, planned everything before he visited.

He made himself the Dallas Cowboys coach Tex Salaman, who promoted the merger of the two major football leagues. Wouldn't he become the Dallas Cowboys' boss, former oil tycoon Lamar Hunter!

As we all know, Lamar Hunter is the one who really created the "Super Bowl".

The time is right now. If both WCW and Bai Quinn remain silent, they can use that faster raid than cash. Before Lao Mai gets the news, finalize the investment agreement and control a certain share of WWF shares. In the future, they will use their power to suppress others and will not worry about Lao Mai not submitting.

For Time Warner, which has a market value of more than $30 billion, after spending tens of millions of dollars in spare money, it merged two major wrestling alliances. The annual revenue of the two companies should be around 200 million. After the merger, the wages of wrestlers can be greatly reduced and a large amount of publicity costs can be saved. Every year, it can also hold a big fight between players under the two leagues similar to the "Super Bowl" and make a lot of money.

By the way, I also got the stock of FlashIn., which is equivalent to including it in the Time Warner system. After Flash went public, the little money I had paid before was made back from the stock market.

In addition, such good moves can also make Time Warner's own stock price rise.

Bai Quinn has to admire this guy. It’s a genius idea. The only question is, is he willing to cooperate? Are he willing to become Tex Salaman in the wrestling industry?

Richard Parsons is also quite satisfied with his plan. If it goes well, WCW will no longer be a loss-making business under Turner Sports.

The old ship Time Warner can also use Flash to catch up with the rising Internet wave.

As the "maintainer of the Great Inner", Richard Parsons has long figured out the thoughts of his boss Gerald Levine from the details.

Since the merger of Times Media Group and Warner Media in 1993, this emerging media giant has not lived a few comfortable days and has always faced the challenges of competitors from another dimension.

Internet portals represented by Yahoo, MSN, and AOL have quietly opened a hole in the originally close media closed loop built by TV, movies, newspapers, magazines, records and other industries.

Gerald Levin, 60, learned to surf the Internet from scratch, understand the way information is spread on the Internet, and study those well-known Internet companies for what?

Isn’t it just to make up for this hole as soon as possible so that Time Warner, the media empire, can withstand potential impacts.

Bai Quinn was also quickly thinking about the pros and cons. He didn't expect this to happen. This was his chess game.

But at his height, he could not see the scenery that Time Warner President could see, so how could he consider these?

Originally, he only had a little bit of WWF shares. As long as Warner Bros. could mobilize his own media power to help Johnny Depp compete for the best supporting actor in the Oscar, why did he make a decision that could change the future of the sports and entertainment industry worth hundreds of millions of yuan at once?

"I don't have much time, kid, tell me, what did you think about it?"

Faced with the pressure from Richard Parsons, Bai Quinn first considered what he would face if he refused?

Now he has parted ways with Harvey, and everyone has not publicly broken up. Although Wademark Image already has North American distribution capabilities, facing a broader global market, it still needs to rely on giants like Disney's Bowei Pictures and Warner Bros.

Harvey may affect the cooperation between Wademark Image and Bowei Pictures, so this line of Warner cannot be lost.

Moreover, every medium-sized film production company will definitely be suppressed by the six major Hollywood majors when it reaches a certain scale. Wademark's image first relies on the Disney system and then defects to the Warner system, and then develops hard. This time, "The Instant Walker" box office exceeded 100 million, and perhaps the next movie of Wademark's image will face six majors of siege.

When many ancestors develop to this stage, they will look for one of the "Six Majors" to join. Only by relying on media groups can they survive.

The Harvey Brothers' Miramax is a ready-made example and was incorporated by Disney in 1993.

If you get into trouble with Time Warner's "big inner manager", you will cut off your own way out.

So Bai Quinn felt that he had nodded and agreed to one way. As for how much his Flash is, how much WCW is worth, and how much cash is used to invest in WWF, that is all a story, and you can talk about it slowly.

After Flash was introduced into Microsoft, Bai Quinn's voice was already declining. Andy Rubin and Jonathan hugged Microsoft's thighs tightly, forming a strong side. Fortunately, everyone is currently in the development direction of Flash, but how long can this consistency last?

Selling part of the shares to Time Warner and becoming a small shareholder may not be a good thing. It can be considered a cash out in advance and can escape from future disputes.

But in terms of his interests, dividing Flash's equity at this time may lose a lot of expected returns. After all, he is not the strong party in the negotiations, and Time Warner will not give his Flash a reasonable valuation.

Investing in Flash is a reminder of memory fragments, and on the other hand, I have also made a lot of efforts to integrate a team of loose sand, give future development strategies, use strategies to buy shares of another angel investor, and bring in the first financing of 10 million yuan. These are all my achievements, and I should enjoy the biggest cake when Flash was listed.

Now that Time Warner has intercepted part of it, Bai Quinn is naturally unhappy. Richard Parsons, who originally had a kind face, now looks abominable.

Suddenly, Bai Quinn had a flash of inspiration and thought of the key points of breaking the deadlock.

"We can trade, I'm taking out a maximum of 20% of Flash's shares, but what I'm going to trade is Turner Sports' shares, not WCW's!

In addition, your plan has loopholes. If we complete the transaction ahead of time, it is difficult to guarantee that Vince McMahon will not get the news in advance. If he terminates the transaction with me, our 'Super Bowl' plan will be ruined.

It is difficult for you to guarantee that there will be no news leaking from Warner.

So I decided to find a way to buy WWF's cash. When I got the equity of WWF, we were conducting subsequent transactions.

As for Flash's valuation, I insist on trading according to the valuation of the C round of financing. Of course, I also highly welcome Time Warner to participate in Flash's C round of financing."

For some historical reasons, WCW is not a wholly-owned subsidiary of Turner Sports, but Turner Sports owns more than 80% of its shares.

Bai Quinn had long learned about WCW's loss situation from Randy, who served as his host. Perhaps after the vicious competition with WWF, WCW could turn losses into profits, but perhaps not.

Even if the valuation is reasonable, Bai Quinn does not want to use his certain appreciation of Flash shares to exchange for WCW that may continue to lose money.

Turner Sports also has the right to broadcast the TNT Sports Channel and multiple events under its name. This is a high-quality asset. Bai Quinn would rather lose control of the WCW than tie the Turner Sports that can make money.

Richard Parsons thought for a moment and said, "I can agree to your terms, 20% FlashIn., but I have a premise that you must get at least 30% of the shares of WWF, otherwise I can only trade with you with the shares of WCW that Turner Sports owns."

"So, the award-winning of "The Infernal Walker"?"

"I'll make arrangements immediately!"

"After I signed the contract with WWF, we are discussing the follow-up matters, and I am still worried about your confidentiality. But we have to sign a letter of intent first, which is my guarantee..."
Chapter completed!
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