Chapter 244 Rotation System and NBC Television Network(2/3)
But later, News Corporation’s FOX came out, and now there are four major television networks in the United States.
Plus one under the government's control, there are currently five.
However, FOX is currently inferior to the three major commercial television networks in terms of scale and brand power.
Among them, the CBS television network is currently owned by the Viacom Media Group of the Redstone family.
The ABC television network was acquired by Disney in the 1990s.
There is only one NBC television network left, which has not yet been acquired by a media group.
There is no doubt that NBC is one of the most mainstream broadcast and television networks in the United States.
Its headquarters is in New York's Rockefeller Center, not far from the Walworth Building, and the station is marked by a peacock's tail.
It is part of the media conglomerate NBC Universal and provides programs to more than 200 U.S. television stations.
NBC was established in 1926 by the Radio Corporation of America (RCA) and founded by Sarnoff in New York in November 1926.
In 1986, its parent company RCA was acquired by General Electric Company, and it was also purchased accordingly.
This General Electric is GE, which currently has the highest market value in the U.S. stock market.
If Smith Media can really swallow NBC.
There is no doubt that Smith Media will soon become one of the top three media groups in the United States.
Now the boss says he wants to acquire such a behemoth.
Only the executives of Smith Media, including Robert, had such a big reaction.
Abel could also understand everyone's reaction, and he said:
"This company cannot obtain controlling stake through sniping. It must use normal negotiation methods to convince General Electric to transfer its equity to Smith Media."
Everyone knows what the boss said is right.
NBC is not a public company, and most of its shares are owned by General Electric.
If you want to rely on sniping in the stock market, you can't do it by relying on the boss's best methods.
But can we get it by negotiating with General Electric?
How likely is it?
The executives of Smith Media all feel a little pessimistic.
General Electric, which just became the number one stock market last year, has seen its share price fall a lot due to the collapse of the Nasdaq.
From the peak of more than 500 billion U.S. dollars last year, it has dropped to less than 400 billion U.S. dollars now.
But it is still the most valuable listed company in the United States and even the world.
It can be said that it is rich and powerful, which is used to describe General Electric.
At this time, General Electric was not short of money, not to mention its special status in the United States.
If it is unwilling to sell, even the US government will support it.
Just like in parallel time and space, General Electric's stock price once fell to $0.02 per share. It was a pure "penny stock" and "split stock", which is a stock that can be bought for a few cents.
It's all such an exaggeration. It didn't have to delist if it didn't want to, and it didn't go bankrupt because of it.
But it’s so cheap, can anyone buy it?
Don't be kidding, even hundreds of billions of dollars can't buy it.
Such an American technology pillar company is holding on to NBC and is unwilling to let go.
Then no one can come.
As far as Abel knew, General Electric didn't pay much attention to NBC.
General Electric has no hesitation in selling NBC as long as someone offers the right price.
In addition, General Electric holds only 80% of NBC shares.
Another 20% is owned by the French company Vivendi Global.
Vivendi is also a giant group, but fortunately it is a French company.
Since it is a French company, what happened to Alstom can also happen to Vivendi.
Therefore, Abel chose to make the first move on Vivendi’s 20% stake.
As for what to do specifically, there is no need to tell everyone present.
Looking at the people talking about it, Abel said: "I'm telling you, I'm just notifying you in advance so that you can be mentally prepared. Okay, that's the end of today's meeting. You can go and get busy."
It is not the turn of these people to be responsible for the real procurement work.
Telling them this matter today is just to cheer up their hearts and prepare them mentally.
As for whether Smith Media's intention to acquire NBC will be leaked, Abel is not worried.
Because even if it is leaked, it will be of no use.
There are not a hundred companies in the United States or even the world that want to acquire NBC, but at least dozens.
Among them, either the financial resources are insufficient, or the qualifications and status are insufficient.
Those who have the qualifications and financial resources want to buy NBC as cheaply as possible.
The Eight Immortals of each company are crossing the sea, and they are all showing off their magical powers.
In front of the U.S. government and General Electric, these magical powers have no effect.
Now that there is an extra Smith Media, it’s not a big deal.
And Abel is also serious about acquiring NBC.
After the meeting ends.
Not long after, it was noon.
In the Brandy restaurant.
Two days ago, he invited Dayao here. Today, the person he invited to dinner here became an old white man named Bob Wright.
Bob Wright joined General Electric in 1969; served as president of Cox Cable Networks from 1980 to 1983; president of GE Financial Services from 1983 to 1986; and served as president and CEO of NBC in September 1986.
Bob has long been known to Abel.
It should be said that most of the upper-class elites in the United States are very curious about this young man who has quickly become one of the most influential people in the country in a very short period of time.
In addition, Bob also had an accurate guess about Abel inviting him to have lunch together.
Sure enough, as soon as the two met, Bob heard Abel smile and say to him:
"Mr. Wright, I would like to acquire the 20% NBC shares held by Vivendi Universal."
Bob Wright smiled slightly: "Ha~ Mr. Smith. With your investment vision, you may see that NBC is profitable. Of course I can't comment on this, because it is your own decision."
Seeing that the old guy still wanted to make excuses with him, Abel simply got straight to the point:
"Okay. Let me get it straight. Mr. Wright, I want to acquire NBC."
Bob Wright was not surprised when he heard Abel's request.
This is already obvious.
Abel, a new giant in the media industry, invited Bob Wright, the CEO of NBC, to have lunch with him.
The two of them had no previous friendship and didn't even know each other.
Any normal person could guess what Abel was thinking, and so could Bob Wright.
"I'm sorry." Bob Wright said politely:
"For General Electric, NBC is not for sale. We will not sell it, not even to you, Mr. Smith."
"Really?" Abel smiled: "What if someone buys it for $100 billion?"
"Um" Bob Wright, who had always been very calm, couldn't help but frowned, "Are you kidding me, sir?"
What if someone really spent $100 billion to buy NBC?
Then I guess General Electric can slide all the way and deliver NBC to the other party.
Bob Wright couldn't help but look at Abel a few more times.
Mr. CEO knew it was impossible, but he still had some extravagant hopes.
What if Abel really wants to spend $100 billion to buy NBC?
So isn’t General Electric making a fool of itself?
"Hahaha~" Abel laughed, "Of course I am joking. If I had 100 billion US dollars, I would have created at least three NBCs from scratch."
Bob Wright: "."
"Mr. Smith, your joke." He shook his head, "It's not that funny."
Thanks to Bob Wright, I still have some expectations, even though I know these expectations are impossible.
To be continued...