"Hahaha...Yoshi, cheers to our sincere cooperation."
Mitsui Takacho is a skinny, short old man with a very loud voice and a rosy face after drinking several glasses of sake.
He said to Wang Yaocheng with a cheerful expression: "Wang Sang, I think this cooperation is a good start. It will help the Mitsui Foundation and the Wang Foundation deepen the complementary cooperation between their companies and establish a partnership at the consortium level. I believe this has great potential."
of."
Wang Yaocheng smiled and nodded and said, "I am also optimistic about this. The business areas involved in the Mitsui Foundation are highly complementary to the Royal Family Fund, and there is great potential in this area."
"Very good!"
There were people coming and going at the cocktail party. As parties to the equity participation agreement, the presidents of Shin-Etsu Chemical, Sumitomo Chemical and Marvel Animation were in complicated moods at the moment.
From the inside, they have deep feelings for their companies, treating them as their own children, and are unwilling to weaken their voice in the companies they have worked hard for decades.
It's a pity that the consortium bosses make the decision, and their words don't count.
Pan Shiyi looked at Wang Yaocheng not far away with a complicated mood, who was drinking and chatting with the big guys of the Mitsui Consortium, and sighed slightly sadly.
He turned his eyes back and saw Huang Baiming, the senior vice president of Marvel Animation, walking over. He couldn't help but restrain himself slightly nervously, for fear that the other party would see something.
"President Pan, I just met Mr. Nobuyuki Idei, CEO of Sony Corporation. He is very happy to invest in Marvel Animation. He hopes that Columbia Pictures and Marvel Studios will strengthen cooperation in all aspects, especially "Harry Potter"
"series of movies, he expressed great interest."
"Hmph, she looks so ugly, but she thinks she's pretty."
"I think...since Sony has taken a stake, it is inevitable that it will get a share of the pie."
Pan Shiyi knew what Huang Baiming said made sense. After all, Sony was the second largest shareholder of Marvel Animation, and he couldn't stop him from putting his hand on the plate, but he always felt unhappy inside.
He sneered twice and said;
"Haha, it's okay to drink some soup and water. If you want to eat meat, I'm afraid it's too much. I'm confident that the chairman will not support it."
Huang Baiming frowned and responded: "It's not optimistic. It seems that there will be some wrangling in the board of directors."
"With their small share, it's still early for them to make waves in the board of directors." Pan Shiyi was obviously very resentful, staring at the thin Mitsui Gao Chang with an unconvinced look.
The consortium boss Mitsui Takacho was in a high mood, and Kono Yohei next to him was also very ambitious. At the reception, he enjoyed the unanimous admiration of the senior Mitsui consortium executives. He did have reason to be happy.
Wang Yaocheng was personally in charge, and the negotiation process progressed rapidly.
After several days of intensive and tense negotiations, the two sides finally reached an agreement, and the efficiency was more than a hundred times higher than usual.
Royal Fund paid 8.5% of Marvel's equity, worth US$7.82 billion, a premium of 13.2% to replace the 18.5% equity of Shin-Etsu Chemical held by Mitsui Consortium, and obtained 5 seats in Shin-Etsu Chemical's 15-person board of directors.
At the same time, it also obtained 20% of Sumitomo Chemical's equity and obtained 4 seats on the 11-member board of directors, ranking as the second largest shareholder of the above two chemical companies.
In this two-for-two mutual shareholding transaction, Shin-Etsu Chemical and Sumitomo Chemical, which have a low total market value, had to take out more equity to match the high-value equity of Marvel Animation.
Mitsui Consortium's chief negotiator, Kono Yohei, relied on his perseverance and cunning to finally obtain preferential conditions with a premium of 13.2%, securing rights worth US$1 billion for the consortium. He was also the one who had the last laugh.
The consortium boss determined the general direction and went to listen to music and watch a movie leisurely, leaving only the specific staff to complete every detail of the merger and acquisition project.
The specific negotiators from both sides were going back and forth on the negotiation table, burdened with huge pressure, grinding one decimal point after another, and they were arguing with each other.
The reason Kono Yohei argued for was;
The valuation of traditional chemical companies is low and cannot truly reflect the intrinsic value of the company, so an appropriate premium must be given.
This article finally won the approval of the boss Wang Yaocheng, clearing the final obstacle to reaching an agreement.
It is really rare to be able to win rights and interests worth 1 billion US dollars!
Mitsui Takanaga is very satisfied with this mutual equity cooperation. The Mitsui Consortium has entered the 11-person board of directors of Marvel Animation and holds three seats among them, ranking as the second largest shareholder.
Looking at it from the perspective of the entire Mitsui Foundation;
The acquisition of Marvel Animation's equity this time is of great significance. It indirectly holds the equity of Marvel Entertainment Films, a wholly-owned subsidiary of Marvel Animation, and further expands the influence of its core enterprise Sony in Hollywood.
As the world's leading provider of audio-visual, electronic games and communication products, Sony is also a world film and television and music copyright giant. Its presence in Hollywood is related to Sony's long-term development strategy.
First-class companies make standards, second-class companies make brands, and third-class companies sell products.
Compared with the transferred equity of chemical companies, American Marvel Animation has brought much greater help to Sony.
Both parties get what they need to achieve a perfect win-win result.
Sony is a very enterprising multinational company. During the Akio Morita era, it was clearly committed to promoting the Betamax format developed by the company. Having its own movie copyright library and music company is the best way to promote it.
The Betamax format standard is the core for Sony to maintain its market competitiveness for the next 50 years.
Since the early 1980s
With products such as Sony's globally popular mini TV and video tape player "Wat" and 8mm cameras entering the U.S. market, Sony's need to have a film and television database is more urgent than ever.
The successful acquisition of CBS Records also made Sony more confident in its investment in the entertainment industry.
Under such circumstances, Sony sounded the clarion call to enter Hollywood.
After acquiring MGM, Sony spent nearly $5 billion to acquire Columbia Pictures in 1989 to further enrich its film and television database.
Consolidate its leading position in the film and television entertainment equipment market, fully enter the fields of film, television, and music album production and distribution, and extend to the upstream of the entertainment industry chain.
This is also Sony's corporate transformation in the new era, gradually transforming from a world-class manufacturer of home appliances and audio-visual equipment to a provider of music and entertainment media content.
In fact, Sony's transformation has been very successful.
This kind of enterprise development idea is what Royal Family Fund should learn from and has done an excellent job in integrating the entire industry chain.
It’s like copying a cat and imitating a tiger!
Royal Fund is committed to promoting the Linux operating system, committed to promoting RISC-V open source architecture chips and AMD architecture chips based on the Linux operating system, committed to promoting the third generation CDMA communication patent standard, and committed to establishing the company's patent standard. This set of initially
I learned it all from Sony.
From this perspective, the Royal Family Fund can be said to be Sony's best student.
Wang Yaocheng was also the big winner when the mutual shareholding agreement was reached.
The consortium has thus made up for its weaknesses in the field of upstream raw materials for chips, obtained stable and reliable raw material supply channels, and improved the layout of the entire core electronics and semiconductor industry chain.
From then on, the sea is wide enough for fish to leap, and the sky is high enough for birds to fly.
It is of great significance to eliminate Wang Yaocheng's biggest worry and realize a closed-loop ecological chain with controllable risks.
After transferring 8.5% of Marvel Animation's equity, the equity held by Caribbean Holdings (Hong Kong), a subsidiary of Royal Family Fund, dropped to 74%, successfully achieving the high weight reduction target.
Generally speaking
The selling of huge amounts of stocks by major shareholders in the market often causes large fluctuations in stock prices, attracting great attention from market participants, while over-the-counter transactions cause much less shock.
The New York Stock Exchange responded positively to this major equity change. Marvel Animation's share price rose slightly by 3.3%, showing a cautiously optimistic evaluation.
Market participants agree that;
Marvel Animation's introduction of Sony, a powerful shareholder, will help expand the peripheral product market and have a positive and long-term impact on the company's earnings. The overall evaluation tends to be positive.