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Chapter 596 Redstone’s Offer

"Jordan Chandler's attorney, Larry Feldman, filed a court motion seeking to obtain Jackson's police photo. The motion made a multiple-choice request: either a copy of the photo or a request for

Jackson conducts a second search, or the court can ban the photos from being used as evidence in a civil trial.

Feldman said the district attorney's office previously denied a request for the photos. Jackson's attorneys asked a Santa Barbara County judge to order prosecutors to return the photos, fearing they would become public, but the request was denied."

After the New Year holiday, the American media was once again dominated by the Michael Jackson case.

Prosecutors have yet to release any results from the pre-Christmas strip search on whether MJ's physical characteristics match Jordan Chandler's testimony.

It seems that the prosecutors have either not obtained any substantial positive evidence, or they want to save some of their trump cards for the trial. In fact, the plaintiff’s father only wants compensation and evidence in the criminal case.

It cannot automatically be used in civil cases unless the prosecutor agrees or the evidence is disclosed.

Therefore, the plaintiff's lawyer began to launch another hype around whether MJ had those physical characteristics. Even if MJ was found not guilty, he could let all the people who may be on the jury know that there is such a thing, which may be detrimental to him.

.

"Ronald, the latest round of quotations has come out, which has caused anger. Now it is a personal grudge. Our speculation has been successful."

While Ronald was reading the daily news, Bannon came to tell Ronald the news. The latest round of acquisition bids for Paramount Media from QVC and Viacom came out.

"How much can we earn at this price?" Ronald cheered up. Isn't this Redstone giving himself money?

The two sides have almost fired the last bullet to win over Paramount Media. Viacom's final offer was $82 per share in cash, plus stock swaps, to purchase 50.1% of the stock.

This plan gave Paramount shareholders more cash and less stock, and provided two key guarantees: First, Martin Davis would still serve as CEO and vice chairman of the combined company. Second, all

All Paramount shareholders enjoy a protective price. If the stock price falls, the protective price will be used to make up for the decline.

QVC's offer was less cash and more stock per share, but it neither protected shareholders from possible losses due to a decline in stock prices after the acquisition, nor gave Martin Davis any position. Barry Diller was initially assigned

Ramon was kicked out because of his conflict with Martin Davis, and he came here to avenge this personal grudge.

In contrast, QVC still has the strength to offer a higher offer due to its strong cash flow and high market value. Viacom's offer has already consumed all Redstone's money.

, this is really his last offer, and he can't offer anything more.

Both parties still have ten days to submit the next round of bids. At that time, the board of directors will vote to decide which plan to recommend to the shareholders' meeting. If nothing else, the decision of the board of directors will basically be the final decision.

Although Redstone is seventy years old, his style of doing things seems to be more child-like than the fifty-two-year-old Barry Diller. This rich second generation just wants to win and is willing to pay any price. And Barry

·A person like Diller is more like a traditional businessman. When doing business, how can anyone not talk about price?

"The current stock price of Viacom is around US$53 and continues to fall. According to this acquisition condition, the final support level of the stock price calculated by me will be around US$40. In this case, if our put option operates normally

, according to the current operation, we can make a profit of close to 100 million."

"I can add some more money, as long as it is settled within ten days."

Ronald added some money to this small speculation, only eyeing Viacom, because Redstone had little leeway, and QVC still had some ammunition to use. As long as the deadline for the new round of bidding was reached

After all, it is a very profitable speculation. Even if Viacom loses in the bidding, the stock price will not rise for a while. The time to enter the market is very suitable, and the risk is not high.

"The judge dismissed the claims of MJ and Chandler, and the trial is scheduled to begin in early March..."

On the next day, some changes occurred in MJ's case. The requests of both parties were rejected. The results of the strip search were not allowed to be released to the media before the trial. The party who violated it would be prosecuted for contempt of court.

At this time, the interest of the gossip media in the United States has been piqued again. Every tabloid reporter is trying to get some news about the search. If a photo of MJ naked and being searched is accidentally leaked...that belongs to the tabloid.

It's carnival day.

For a time, the number of paparazzi in Los Angeles surged. The Los Angeles court, the plaintiff's dental clinic, as well as MJ's estate and his lawyer's office were all surrounded by people wearing peaked caps.

"Ronald, there is a man claiming to be Viacom's Redstone looking for you..."

Ronald, who was eating, suddenly received a phone call. After Diane got up to answer the phone, her expression became strange, and then she handed the phone to him.

"Who?" Ronald didn't hear clearly for a moment, but the words came out through the phone.

"It's me, Ronald, we met ten years ago, do you remember?"

"I have no impression...", Ronald muttered in his heart. At that time, he had met him once when he wanted to appear on MTV for advertising. Redstone had a dandy air, which was not in line with his own aura.

Compatible, but you can't say that. "Yes, Mr. Redstone..."

This chapter is not finished yet, please click on the next page to continue reading the exciting content! "I want to meet you, can you come to my house." Sure enough, Redstone still spoke in a rush.

"I'm having dinner with my family. If you have anything, can you come to my place or say on the phone?" Ronald didn't want to talk to him. This guy was just one breath away from acquiring Paramount. No.

Are you here...to borrow money?

"Hey, young man. I need to negotiate a deal with you now that is good for both of us. If you don't come, you will miss the opportunity. Don't blame me for not warning, it will be detrimental to you."

"I think it's you who want to buy something now, not me who wants to sell it, Mr. Redstone." Ronald couldn't figure out why this old man still maintained his playboy style.

"Okay, I'll just come and visit you. Do you have any good wine?"

“What do you like between Bordeaux and Burgundy?”



"This Romanee-Conti is indeed a very good wine. Was it 1985 or 1988?" A few hours later, Redstone sat in Ronald's study facing the garden courtyard, drinking.

Ronald drove the expensive Romanee Conti and made his own comments.

"Actually, it was in 1990..."

When Lei Shidong heard that it was from the 1990s, his eyes showed pleasure. His collection was all of better aged wines.

"I wonder what I can do for you, Mr. Redstone?" Ronald caught that complacent look and started talking with a smile.

Redstone waved his hand to tell one of his female companions to stay away. He wanted to have a private conversation with Ronald. Immediately, the MILF left quickly, with a surprisingly fast pace.

"I want to buy your Blockbuster stock..."

"What?" Ronald was surprised. Why did Redstone know about some Blockbuster stocks he bought for DDH Media? And wasn't he bidding for Paramount? Why would he want to buy Blockbuster now?

Is this unnecessary?

"Don't be surprised, young man. As long as you are careful, you won't know what you did." Lei Shidong tilted his mouth. The traces of burns from the fire when he was young were still a bit involved, which made him feel uncomfortable.

When he smiles, he looks like Stallone, with only one corner of his mouth curling up.

"No, my company needs some Blockbuster shares, which are very important for the production's cash flow and debt adjustment."

"Young man, I appreciate your boldness and forthrightness, and I can understand the reason. But I think that not only Blockbuster, a video rental and sales company, has gone public, but it will be the same when you buy other stocks."

"But Blockbuster is the best. Can you tell me why you want to buy Blockbuster's stock?" Ronald was a little wary. Did the old man know that he was going to be listed? It is said to be crucial.

The listing valuation, price, number of shares, etc. are all confidential. Doesn’t Redstone feel that he has no hope of buying Paramount and is eyeing this small company of his?

"This has nothing to do with you, young man. I will give you a chance. If you sell me the Blockbuster stock in your hand, I guarantee that you can make a small amount of money..." Redstone took out his thick

With his pen, he wrote a number on a piece of paper and handed it to Ronald.

"This price is only valid before ten o'clock tonight..."

"Thirty-three..." Ronald looked at the price. It was three dollars higher than the closing price of Blockbuster. It was indeed a small opportunity to make money.

But... Ronald bought Blockbuster because of the increased valuation of his DDH after it was listed. It was expected that buying these stocks would increase the valuation of his DDH by less than US$200 million, but he sold it to Ray

In Shi Dong's words, it would only be a profit of ten million US dollars.

Besides, Redstone wouldn’t come here in person just to make himself 10 million, right?

The so-called effective tonight is just a bargaining tactic, and Ronald will not be fooled.

"I'm sorry, Mr. Redstone, I didn't buy Blockbuster stock because I wanted to make quick money..."

"Yeah, yeah... Anyway, I have given you a chance. If you call me before ten o'clock, you can still make the deal at this price. Young man, you still have a lot to learn. If you refuse my kindness, what will happen?

You have to bear the loss yourself, as a lesson...Sally, let's go..."

As Redstone stood up and was about to leave, the female companion came over and held his arm. When he reached the door, Redstone turned around again. He said to Ronald, "Before ten o'clock, remember..."

"Ah, sorry..."

Walking in at the door were two of Ronald's colleagues, Yang Yanzi and Claudia Wells. They were here to discuss Ang Lee's "wedding banquet" and attend the Berlin Film Festival.

"Beautiful girl, my name is Summer. I heard that women like to be spanked. Do you like it?"

"Sammer, this is my colleague..." Ronald couldn't listen anymore and stood up to interrupt the lewd old man who was harassing his subordinates.

"OK", Redstone glanced at Claudia lustfully, and then said to Ronald, "Don't sue me for sexual harassment because of this, don't act like a bitch. This house of yours is really good. I want it in the future."

You can sell it to me..." He said and walked out of the door.

"Who is this old pervert?" Claudia was a little angry.

"It's Summer Redstone." Yang Yanzi is more familiar with these Hollywood tycoons.

"Christ Jesus..."

"Girls, I'm sorry, it's an emergency. Redstone has brought me an opportunity to cooperate. I have to have a meeting with Ed to discuss it. Please wait here for a moment and tell Wang Ma that you want some snacks and coffee in the evening.

If you want to drink red wine, there’s also Romanée Conti…”

"Aha, Romanee Conti, boss, go and do your work, we will have fun here."

"Ed, Redstone suddenly came to me today and wanted to buy shares of Blockbuster..." Ronald went upstairs, found the confidential line, and talked about this with Ed Bastian, who was preparing to go public in New York.

something.

This chapter is not over, please click on the next page to continue reading! "Redstone? He doesn't want to buy Paramount anymore? No, he wants to find out about us, right? This man is cunning and cunning, and he likes to contact his opponents in person before making acquisitions.

, how did you answer him?"

Ed Bastian was also nervous. After all, Redstone's Viacom is a tens-billion-level company. If it targets his DDH, it will be quite troublesome.

"He gave me an invitation that expired at ten o'clock tonight, giving me a profit of 10 million US dollars on Blockbuster shares, and wanted to buy all the shares. I refused, but Redstone said that I might suffer a loss tomorrow...

"

"Well, it's just a few possibilities. He doesn't want to buy Paramount anymore and buys Blockbuster instead. He wants to explore the bottom of DDH as a small substitute for Paramount... No matter what he thinks, right

We are all at a disadvantage. If we stick to the original plan..."

"Probably our best choice, just leave him alone." Ronald also agreed with Ed's analysis.

"After all, the wedding banquet has some plots about minority-oriented groups. Is it also doing some marketing for them?"

"Look at the results achieved in Berlin. Yimou is the judge this year. Remember to remind me to provide him with a translator. This is one of our advantages..."

Ronald discussed the marketing plan for the wedding banquet with the two female generals, and asked the driver to take them back. After drinking some red wine, and being reminded of the harassment by a pervert like Redstone, Ronald decided to send them home with safety first.

.

Looking back at the time, it was almost ten o'clock in the evening, and Ronald thought of the deadline again. Redstone was able to start MTV by fighting for the theater chain passed down to him by his father, and in the bloody battle for the hostile acquisition of Viacom

Winning, recovering from serious burns all over his body, he has become a person who plays tennis every day. He has a strong gambling habit but wins every match. Maybe this time things are not that simple. Maybe you can give him some face?

"Let's stick to our plan..." Ronald retracted his hand reaching for the phone. His industry was on its last legs. An accident like Redstone's was nothing more than a small profit. Give up.

There can be greater gains.

Besides, rejecting Redstone is just rejecting a small profit and will not bring any loss.



"Ring ring ring ring..."

By noon the next day, calls started coming in from Ed Bastian and Bannon.

“Ronald, Ronald, Fxck! Redstone buys Blockbuster, which pays $1.25 billion for 23 million shares of Viacom Class B non-voting stock at $55 a share

.The stocks in our hands are going to fall, and Blockbuster is going to be used as a cash cow by him as a bullet to acquire Paramount..."

"Fxck..." Ronald jumped up from his chair. Damn it, this cunning Redstone is really powerful. It's called mergers and acquisitions, but he actually took a fancy to the cash in Blockbuster's account and made money all of a sudden.

1.25 billion US dollars, which will now exceed QVC's quotation.

Moreover, the Blockbuster stocks I bought will become Viacom stocks. An additional purchase offer of more than one billion means that Viacom's stock price will fall further. Due to the disposal of DDH,

During the silent period of listing, you can’t even cut off the stock and run away.

"Fxck! Damn Redstone, damn Viacom, damn Blockbuster, how can there be such a stupid board of directors, how can there be such a person who gives his company to others as ammunition?"


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