Chapter 363 Panasonic’s acquisition of MCA hits a wall
"George, long time no see. Do you still go to church every weekend?"
Ronald, who was continuing to prepare for the new film in New York, was suddenly interrupted by a call from Douglas Jr. He said that the commander's son, George Jr., had something to do and wanted to interview him. Because the commander's son's identity was sensitive, he made an appointment.
Church on the weekend.
This Quaker church donated by Aunt Karen has a certain number of believers. Everyone comes to pray every weekend and talk about things in the community. Ronald is very respected here, and it’s not surprising who he meets.
was leaked out.
"Yes, I have been inspired by God since I went to church with you. Now I go to church with Laura every weekend. I have not drank alcohol for a long time. God has favored me... Do you also go every week now?"
George's family was an Episcopalian, but after he married Laura, he converted to the Methodist Church. His religious piety was not limited to the denomination. After getting married, he would also go to his parents' church to participate in activities.
The Quakers in Nader were also very common to him. Everyone was quiet and peaceful, which made him feel good.
"Ashamed, I'm too busy at work, but after having little Roger, I will spend time with Diane." Ronald scratched his head. In fact, America has a large number of religious people. Will he do the same in the future?
How many more times do you want to come?
"Okay, family is very important..." Little George is now interested in politics. Family was indeed very important to politicians' image among voters.
The two walked to the lawn behind the church and chatted about private matters.
"I heard that your company made a movie about Indians?" Little George got straight to the point.
"It's actually a western, about a lieutenant of the Northern Army in the Civil War. But compared to traditional westerns, there are more Indians. You know, people nowadays don't like to watch old-fashioned westerns." Ronald disagreed.
I understood what the other person meant, so I spoke in general terms.
"Very well, my father will speak out in favor of the Indian Arts and Crafts Bill being passed in Parliament. Your film comes at the right time..."
"Oh, really? It's really great to be able to help the commander-in-chief." Ronald didn't expect little George to bring good news. Old George's nickname is Mr. 80%, something only 80% of the people agree with.
, he only speaks out on TV, and he usually cherishes his feathers.
Little George explained that although most congressmen tended to support this bill, they were still divided into two groups. The congressmen from the Donkey Party advocated its complete passage, while the congressmen from the Elephant Party questioned the identity of the Indians.
If the original draft is followed, then only those who are recognized by the government as Indians can sell products with "Indian", "Aboriginal", and various tribal names. This makes it difficult for those who are of mixed-race Indian descent, or who are related to tribal leaders.
Bad people have lost their livelihood.
Some members of the Elephant Party prefer not to strictly certify the qualifications of Indians, but that will be abused by some profiteers. The final compromise may be to let some people who have sold related products for a long time produce some certification documents to obtain exemptions.
and recognition issued by the elders of the tribe.
"When do you expect Congress to pass this law?" Ronald hoped to get some inside information. 80% of Mr. Gentlemen who like to be in the limelight must have judgment on this kind of thing.
"About mid-November..." Little George said with a smile. This was a gift he gave to Ronald.
"Thank you...God bless..." Ronald made the sign of the cross happily, which matched well with the large-scale release schedule of "Dances with Wolves"...
"But I'm here for another thing..." Little George has learned very well from his father's way of doing things in the past few years. The political world and the business world are like a revolving door. People inside turn out information, and people outside
What is transferred in is the green banknotes.
"Please tell me..." Ronald glanced at the bodyguard Dan, who nodded to show understanding, and stood some distance away from the former colleague of the SWAT team who protected little George to separate outsiders.
"The trick we played last time when Sony acquired Colombia, now we have the opportunity to do it again..."
Little George lowered his voice and stated the original intention of coming this time. Last time he acted as a bridge between the Japanese and the two houses of Congress during Sony's acquisition of Colombia and the lobbying activities of the Committee on Foreign Investment in the Committee (CFIUS).
Not only did he earn benefits, but he also established contacts with many powerful people in the political field.
Moreover, these connections were not assigned by his mother Barbara's line, but were exclusive to him, George W... There was no need to please his mother, or compete with his annoying brother Jeb, he had earned it himself
resources, these contacts only recognized him...a young political figure who brought them the goodwill of a wealthy Japanese entrepreneur.
Since then, he has successfully connected many political forces and business forces. Unlike his father, who relied on Middle Easterners, he has seen the huge wealth that East Asians can bring with their discipline and industrial capabilities.
, perhaps future politicians who gather this strength will be the cornerstone to ensure a more solid foundation for their future political careers, even if they are in high positions...
"This...but I have already promised Da He Sang not to participate in this matter..." Ronald said in his heart that such a transaction was really profitable. Little George relied on this big lobbying case to achieve financial freedom in one fell swoop.
It's a step into politics.
But it’s one thing what you think, I don’t have many opportunities here...
"I heard that this matter is being handled by Michael Ovitz, the president of CAA...", Ronald said halfway. He understood that George Jr. came specially to see him, and he probably has made some progress on this matter.
.
I am definitely not as familiar with Ovitz's connections in Hollywood and the true thoughts of Universal's internal shareholders. But what I am better than him is in my political connections with the White House. George Jr. must have grasped some important things.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Sure enough, little George said to him in a lower voice, "This time I caught the MITI's sore feet, they will definitely make them surrender. As for
Sony from the Ministry of Finance, they will understand..."
Unlike Sony, which grew up after the war, based itself on the international market, and had good relations with the Ministry of Finance. Panasonic was actually an old company that became a powerful enterprise before the war. They advocated colonial industry development, provided industrial guidance for the Japanese market, and
The Japanese market, which tends to be closed, has a close relationship with the Ministry of International Trade and Industry, which serves as the basis for enterprises.
In fact, the strategies of these two groups of enterprises are completely different. One group hopes for free trade, open markets, and finds its own core competitiveness in international competition. The other group relies on industrial guidance to form domestic monopolies, and then builds its own core competition on this basis.
Strength, and then go out to increase market competition in America.
A large part of the reason why Panasonic, a member of the International Trade and Industry faction, wanted to acquire MCA was because Sony's acquisition caused a lot of discussion in Japan, and the Ministry of International Trade and Industry was afraid that the Ministry of Finance would steal all the limelight.
The Committee on Foreign Investment (CFIUS) has raised more doubts about Panasonic's acquisition this time. The reason is that MCA has two major parts, Universal Pictures and Universal Music. This is similar to Sony's acquisition of Columbia Records in two parts.
Unlike Columbia Pictures, all antitrust concentration ratios must be calculated based on one company.
Independent film companies and record companies actually do not have much concentration in America, and acquiring one is not too conspicuous. However, MCA controls two companies. How to calculate market capacity, there are many places to start. If strictly
Calculating the degree of monopoly based on the positioning of the media group, then...
As soon as Ronald heard this, he couldn't help but feel itchy even though he had promised Oga Norixiong. This business is really good...
Like Columbia Pictures, Universal also owns many local television stations and radio stations, as well as a large non-film recording business, many of which are not allowed to be held by foreign capital under American legislation.
If you can take advantage of Panasonic's cutting time and eat a piece of it... it will be very fat. In addition to this asset package, a large amount of "consulting fees" are also indispensable for mergers and acquisitions to solve the difficulties faced by legislators and committees.
He can transfer some to Little George through investment funds, and Little George can also use this to win over a group of powerful political figures to pave the way for his own political career. And he can also buy stocks...
Here, TV stations are very difficult to acquire. If I hadn’t encountered such an opportunity, even if I had to pay double the valuation to buy it, no one else would want to buy it.
"I have to seek permission from Sony's Dahe Sang first. George, I hope you can understand. The way these Japanese people do business is different from ours." Ronald thought for a long time and finally said this.
Dahe is bound to his own interests, which is not known to the public, and is slowly established after a long period of getting along with each other and helping each other on many things. Japanese people don't like to be betrayed by their partners, Luo
Although Nader feels that the assets he talks about are very attractive, at the cost of losing Dahe's trust, it may not be a cost-effective deal.
"Don't worry, today is different from the past, and he will agree. My father is having in-depth exchanges with their prime minister. Even if he is unwilling, in the context of such a major event, a little personal thought, and a company's
Profits are nothing."
George Jr. refused to go into more detail, but just hinted that as long as he communicated with Sony, they would not have any obstacles.
"Ah? Really? What big thing could be bigger than a six billion dollar merger and acquisition?"
"Hey, you should watch more international news, Ronald, especially from West Germany...and the Middle East..." Little George smiled and left a sentence, waving over there, joining his wife Laura
It was included in the discussion about the parenting experience shared with Diane.
…
"West German news? Middle East news?" Ronald used the remote control to switch back and forth between various channels. Only CUU played news 24 hours a day, so he quickly found German-related content.
"East and West Germany signed a national treaty. The treaty stipulates that the five restored states of East Germany will collectively join the Federal Republic of Germany in accordance with Article 23 of the Basic Law of the Federal Republic of Germany. These treaties will enter into force after approval by the parliaments of both parties..."
It turned out that one year after the fall of the Berlin Wall, the two Germanys began to restart the merger process, regardless of the opposition of America and Europe. Previously, the two countries signed a treaty on the free convertibility of East and West German marks, and the West German government gave the East German people far
An exchange rate that was better than the previous real exchange rate. A large number of East Germans' wealth was preserved.
As for this national treaty, East Germany suffered a loss. Instead of merging with West Germany to form a new country, they dispersed and joined West Germany as a new state as each state. In fact, it was equivalent to the annexation of West Germany.
East Germany. East Germany's bureaucrats and civil servants were not as lucky as their people.
"What does this have to do with Japan?" Ronald was puzzled. Politics is too complicated...
There is no special news in the Middle East, except that General George Sr. gave a speech on the federal fiscal deficit at a joint meeting of the House of Representatives and the Senate, and once again stated that Iraq must withdraw from Kuwait... and then China and Britain also announced that they would send troops to Saudi Arabia.
…
It is said that the stunt coordinator of "Firebird" has been deployed to the Middle East with his helicopter. He has done nothing but defend Saudi Arabia at the airport there. The current war is not in Riyadh, but in Kuwait City. It is really useless.
I got such a good helicopter and pilot. It would be great if I could work in my own movie.
"Mr. Li...your phone number..." The maid came over to inform Ronald that the transoceanic call was coming.
It was already very late, and Ronald was still waiting for Dahe's call. He was working in the Japanese office and had to wait for him to get up.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Ronald-san..." Dahe's voice came from the phone.
"Dahe Sang, I have a merciless request. If you don't agree, I won't have any complaints..." Ronald was frustrated when Panasonic's acquisition of MCA was frustrated, and he was asked by the son of the commander to facilitate this matter.
I told Dahe hintingly about the lobbying work.
"Hey..." Norio Ohga on the other end of the phone sighed, "I didn't expect that Ronald-Sang would call me..."
"I..." Ronald blushed. Although the situation was different, he still broke his promise.
"I didn't expect Ronald Sang to be such a gentleman..."
"Ahem...", Ronald cleared his throat. He was still too thin-skinned and could not learn the Jewish moral concept of having money but not making XXX.
"I didn't expect that someone would consider me, a small entrepreneur, at such a time. I'm really touched. Ronald San is really the best friend I made in America."
"Ah...this...?" Ronald's mouth opened wide. No, Ohga Norio doesn't seem to be saying something sarcastic? How can I become a good person?
"Those people from the Ministry of International Trade and Industry finally bowed their heads... In exchange for our Japanese companies acquiring assets in America and other markets in the free world, this is the price that needs to be paid without being deliberately made difficult.
As Japanese people, forget about our little face. After all, Panasonic is also a Japanese company, so we can help if we can..."
Ronald was even more confused. What is the price that needs to be paid? Politics is really profound, and Japanese politics is even more profound.
"If you need some knowledge about Panasonic, I can ask my assistant in the New York office to go over and do some auxiliary work for you. Please, Ronald San."
Ronald hung up the phone in confusion, but one thing was clear to him. In fact, Dahe didn't buy Panasonic's acquisition of MCA, and sent his confidants here to completely expose Panasonic's trump card.
"George, I have bought a fishing rod and prepared the bait. When you are free, we can go fishing..." With the help of an assistant who is familiar with Japanese corporate culture and Panasonic's operating conditions, Ronald is very happy
A plan was quickly put together.
"Very good, we will go fishing on the weekend. This time we need to bring a long enough fishing line..."