I’m in Hollywood Chapter 594: Come over

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Looking at the three old mans on the opposite side, frowning at the same time after seeing the data on the notepad, Eric explained unhurriedly: "Firefly still insists on selling at most 25% of Firefly shares, but because of ABC and Firefly Are registered in Delaware. According to Delaware ’s General Company Law, as long as the parent company acquires more than 90% of the shares of the subsidiary, the parent company Board of Directors can unilaterally propose to privatize the remaining outstanding shares The form of privatization is determined by the parent company, and it is no longer necessary to consult the subsidiary Board of Directors and investors. Therefore, if ABC can cooperate with Firefly to acquire 90% of the shares in advance, we can make a cash purchase of the remaining 10% of the shares. The remaining shareholders do not have to participate in this 25% equity swap, and the companies of Mr. Berkshire Hathaway and Murphy will therefore receive no less than the shares proposed by Mr. Buffett. "

United States tax is divided into two kinds of federal tax and state tax, but the state tax percentage varies greatly from state to state, because of Delaware ’s special tax exemption policy, many companies in United States will choose to register in Delaware.

As a well-known lawyer, Charlie Munger saw some of these problems at a glance: "However, Eric, don't you think about it? This is a plan that is still likely to cause SEC to investigate."

Although the plan given by Eric is not illegal, it is still somewhat edgy. As global ’s most mature bond market, in order to allow the stock market to develop more healthily, United States protects the interests of small shareholders better than large shareholders. Most of the time, the plan given by Eric at this time is suspected of letting ordinary shareholders lose their right to choose independently. Once such a plan causes dissatisfaction of small shareholders and initiates a lawsuit, Firefly will still fall into dispute.

Eric did not avoid looking at Charlie Munger, saying: "I have consulted with the company ’s lawyers. This is not illegal. Similarly, the interests of ordinary shareholders will not be harmed. Firefly will still be 50% higher than the stock price. Acquire their stock. "

During the dialogue between the two, Buffett's mind uncontrollably showed the declining decline of Salomon Brothers Inc. four years ago. Every time I think about this, Buffett will have a fear in his mind for a while. The destruction of Salomon Brothers was not simply the false bidding case, but the prolonged litigation and credit crisis brought about by the false bidding case, before the Salomon Brothers incident. Buffett's nearly sixty years of life, the number of appearances in court is one of the few, and the number of times as a defendant is unprecedented. Compared with other investors who are always in dispute, this can be regarded as a record.

And now. Although Buffett is very clear that accepting the plan given by Eric will maximize the benefits of Berkshire Hathaway, it will bring unnecessary legal risks to both parties of the transaction. This risk has broken the bottom line that Buffett can bear: "Eric, I disagree with your plan. "

Eric is a bit unexpected, but Charlie Munger and Tom Murphy, who are very familiar with Buffett, do not have a strange look at all. They are very clear that Buffett is actually a person who is a bit too cautious.

After the voice of Buffett fell, the meeting room fell silent.

However. Others are also aware of the implication of the last sentence of Buffett. Buffett does not agree with the plan given by Eric, but it does not mean that he rejected the transaction. Therefore, everyone is waiting for him to continue.

Although Buffett still seems to remain calm on the surface, it is very tangled in his heart. Even the Salomon Brothers dilemma a few years ago did not make him so embarrassed.

If you have absolute control of ABC, although you are very excited about working with Firefly, he may have rejected the transaction. Because he is not a good bargainer. When it feels that something is out of control, Buffett usually stops it decisively in order not to let itself continue to waste energy, the same is true when investing in the company. For companies that cannot be controlled, Buffett usually does not get entangled, but sells its shares.

The situation of ABC is now out of his control, and even the influence he has accumulated in the investment industry for decades has lost its effect, because the rise of Firefly is more legendary than his personal history. In addition to his and his old friends still insisting, many major shareholders of ABC have already turned to Firefly.

Buffett is very clear. If there is no agreement tonight, then with the implicit support of Firefly, the batch of ABC shareholders who turned to Firefly Pictures will facilitate the transaction by initiating an extraordinary general meeting.

Once the transaction will be facilitated by other shareholders, then just as Eric just proposed the plan to abandon the 10% small shareholders, they can also draw up other plans to plunder the interests of Berkshire Hathaway and Tom Murphy, even if the economic benefits are finally obtained Guarantee, they will also completely lose their influence on ABC and the company after the future merger.

Once the transaction fails, the consequences are even more unpredictable. United States's audience size is fixed. The reason why ABC has been able to get the first TV market share of North America in recent years is not only its stable operation, but also because the other two major competitors, NBC and CBS, are in Downturn. Regardless of whether Firefly will take over any of NBC and CBS in the future, with the superior content creation advantages of Firefly, it will pose a huge threat to the status of ABC. General Electric has an absolute controlling stake in NBC, but the management is still making this company turbulent with the support of other shareholders. If the performance of ABC begins to decline, those shareholders who are already dissatisfied with them will definitely make a bigger deal. The incident, which in turn affects the operation of TV Network, creates a vicious circle.

For five minutes of silence in the conference room, everyone was waiting patiently for Buffett to make a final decision.

Finally, after a sigh, Buffett whispered, "I will probably regret today's decision in the future."

This sentence sounded in the conference room, and everyone realized that Buffett had made a decision.

Eric with a confident smile, said: "Warren, I assure you that you will never regret today's decision."

Buffett did not respond too much to the words of Eric, but since the decision has been made in his heart, Buffett will not continue to struggle with some details, and he has simply agreed to the Firefly25% equity and 10billion USD cash trading plan.

After drinking a glass of champagne to celebrate, Buffett and his party rejected the Eric invitation and left Susnet Tower Hotel by car.

In the underground parking lot. Watching the three Buffett cars leave, Eric turned and smiled at Katzenberg: "Jeffrey, you will host the next press conference."

Katzenberg knows that it has completed the acquisition of ABC, and his career will go to a great level. So the tone said excitedly: "Eric, is there a high-level meeting now to prepare for it?"

Eric knocked on the watch: "You always have to understand the feelings of others. It was originally a weekend, not to mention that it is already half past eight in the evening."

"Well, then tomorrow." Katzenberg didn't seem to realize that tomorrow was Sunday, but Eric didn't stop it anymore, well, anyway, those executives wouldn't scold themselves.

Katzenberg left in a hurry to deal with the long-awaited reporters. Eric and the Jeffrey trio spoke and laughed and returned to the party scene.

The fact that Eric sent people to send champagne to the meeting room has spread throughout the entire party, and the guests have guessed the result of the event. After seeing the emergence of Eric, everyone gathered to congratulate them.

Although the final negotiation time is not long, Eric's mood has been tight throughout the whole process, Buffett does not want this transaction to fail. The same is true for Eric, otherwise a lot of the work done by Firefly in the early stage will be completely wiped out, and everything will have to start over.

Suddenly relaxed at this time, and tiredness followed, simply socializing with everyone, and Eric sat down on the sofa in the corner of the hall.

Looking at Penélope with the two girls Kate Beckinsale and Charlize Theron deliberately walking past him, Eric smiled and patted the sofa next to him, Penélope came over without hesitation and sat down beside Eric with a smile, watching To Eric sitting in the middle of the couch with no intention of moving. The remaining two women glanced at each other, and finally Charlize took the initiative to step forward and sat on the left hand side of Eric. Kate followed and sat down next to Charlize.

Penélope did not pay attention to these small details. Slightly leaning on Eric, he said with excitement: "Eric, today I went to try on a dress with Kate, it's very beautiful, do you want to see it in advance?"

Eric is a bit unknown, so ask: "Oscar dress?"

Penélope nodded: "Before I came to United States, shoots got a" Belle Époque "nomination for the best foreign language film. I got a Oscar invitation letter."

Eric only realized this. The promotion of 《Charlie's Angels》 has already started. This should be the work done by Metro Goldwyn Mayer to promote 《Charlie's Angels》. Since Penélope will attend Oscar because of "Belle Époque", Kate must have relied on that Shawon. The comedy "Much Ado About Nothing", Eric, this movie has nothing on Oscar in the original time and space. It seems that Metro Goldwyn Mayer has done a lot of work for 《Charlie's Angels》. However, at this time, the two helmsmen of Metro Goldwyn Mayer were once Paramount executives and formerly Warner Film Industry producers. With their contacts accumulated over the years, they wanted to run an irrelevant nomination for "Much Ado About Nothing", and then justly let it It is not difficult for Kate to appear at the Oscar award ceremony.

Thinking of this, Eric turned to Kate with curiosity and asked: "What nomination did" Much Ado About Nothing "get?"

"Best costume and best soundtrack," Kate said a little embarrassedly. Although it was not long before Hollywood, she also knew that the attendance of Oscar this time was completely rubbed.

Eric remembered the situation when he participated in Golden Globe Award in January, and said with a smile: "These two nominations are just right. If there is no heavyweight award like Golden Globe Award and the single best film nomination is nominated, then it is really worthy of the name."

Listening to three people talking about Oscar, Charlize flashed a loss in his eyes.

Although I moved away from the apartment shared by three people, Penélope still maintains a good relationship with the two girls according to the requirements of Eric. Although Charlize soon picked up a glass of red wine to cover up his expression, Penélope still noticed Charlize 'S expression changed, so he said to Eric: "Eric, if you help Charlie also get a Oscar invitation letter, I think this is a breeze for you."

Eric looked at the Charlize with obvious anticipation but remained reserved, and said: "It is not necessary, you can attend the award ceremony together next year, and you may be able to serve as an award guest at the same time."

When I heard Eric refused, Penélope said nothing, but Charlize dropped his head slightly in disappointment.

Kate's agile eyes rolled around between Eric and Charlize, and his eyebrows were picked up without traces. She thinks that Eric is absolutely intentional.

Eric just noticed the subtle changes in Kate's expression, but she didn't mind what she saw, she still had a smile on her face, and suddenly asked Kate, "Do you still smoke recently?"

Kate froze for a moment, then immediately shook his head: "No, no."

"Uh ..." Eric dragged his voice: "It seems to be there."

Kate also realized that his guilty conscience was too obvious, and quickly said: "If you want to pay for the film, you will be deducted from me."

Eric said with a smile: "Actually, you can also pay privately to compensate them both."

Kate stared at the faint smile of Eric, only to realize that Eric did n’t mean more, so he followed the tone of Eric: "Okay, then you fine, I will compensate them privately."

Eric shrugged slightly, relaxed on the back of the sofa, drank a small sip of red wine, and waved: "Go play, I have a rest."

Maybe the mood is relaxed. Kate heard the word Eric and said, "The tone of your speech really looks like old man."

"Oh," Eric nodded, and said, "Go play with Penny and Charlie, Kate will accompany me this old man for a while."

"Charlie, let's go dance," Penélope got up to hold Charlize and grinning toward the dance floor.

Eric looked at Kate sitting in place, patted the position of Charlize just now, and said, "Come here."

Kate moved in the opposite direction and said: "I, I'm just kidding, here is Oh in public, you can't mess up."

"In this case, what are you afraid of, come here!"

Kate's attitude is quite firm: "I'm not going!" (To be continued.)