Chapter 245 Angry Abel

The figure of $25 billion made Bob Wright serious.

As CEO of NBC Television Network, Bob Wright discussed NBC's value with senior executives at General Electric Group.

GE executives valued NBC at about $15 billion two years ago.

As the CEO of NBC, Bob Wright believes that it is worth at least 18 billion US dollars.

Abel's initial offer was $20 billion.

Getting closer to Bob Wright's assessment of NBC's value.

It is much higher than the appraisal price of General Electric Group executives.

When General Electric acquired 80% of the NBC television network, it only spent $2.4 billion.

Of course, that was 1986. The U.S. dollar was worth far more then than it is now.

Just fifteen years later, NBC can steadily provide GE with profits of hundreds of millions of dollars every year.

The money spent on NBC has already been earned back by itself.

Calculated based on the acquisition price of US$2.4 billion.

US$20 billion in fifteen years is enough to make any GE executive or board member excited.

But Bob Wright believes that NBC can be more valuable in the future.

It was when Abel reported the figure of 25 billion later that Bob Wright became a little excited.

"Listen up." Looking at Bob Wright, who fell into silence after he quoted the price.

Abel said again:

"It can be cash or stocks. If it's cash, I have enough cash flow on hand to pay it. If it's stocks, GE can take it as long as I have shares of listed companies."

It is limited to listed stocks, which means that unlisted stocks are not allowed.

It just so happens that what Abel has most is actually unlisted companies.

If General Electric really wants to exchange shares for shares, it can only exchange them for the stocks of several listed companies held by Abel.

Obviously, Abel would not exchange the stocks of companies like Smith Capital and Smith Media casually with them.

Bob Wright, on his side, heard this additional clause from Abel.

The CEO of NBC was a little stunned at Abel Smith's financial resources.

Two hundred and five billion US dollars in cash, can you get it at any time?

Even including bank loans, few people in the United States can obtain so much liquidity.

The person in front of me is obviously still so young.

But he was able to take out 25 billion US dollars at once.

Bob Wright feels that there may not be more than twenty such people in the United States.

But Bob Wright gritted his teeth in his heart.

Abel's speed in quoting and increasing prices was so fast.

It left Bob Wright wanting more.

People are greedy, and the CEO of NBC feels that he is understandable.

Bob Wright said:

"At least US$30 billion. Mr. Smith. If you offer US$30 billion, maybe General Electric can throw away the not-for-sale label on NBC."

If only NBC could be sold for $30 billion.

For Bob Wright, the CEO of NBC sent by General Electric Group, it can be said to be a great achievement.

Not to mention bonuses.

Just bringing Bob Wright back to GE management would go a long way.

[Yes, yes, yes. You are so rich...please agree]

Bob Wright looked at Abel seriously and shouted loudly to Abel in his heart.

Soon Bob Wright found a response in Abel.

I saw that Abel's expression became colder, no longer as warm as at the beginning.

Bob Wright immediately sensed something was wrong and wanted to say something to buffer him.

But Abel spoke expressionlessly and said:

"Mr. Wright, my attitude is very serious, and my intention to buy is also very serious. But you seem to regard me as a fool? Please ask yourself and GE, is NBC worth 30 billion US dollars?"

Bob Wright thought of course it wasn't worth it.

None of the three major public television networks is worth $30 billion today.

Disney Media Group, which already owns the ABC television network, currently has a market value of about US$45 billion.

Disney itself is worth almost US$30 billion.

News Corporation, which has not yet been listed but already has a valuation, has a market value around this figure.

Viacom, which owns the CBS television network, has a market capitalization of only about $30 billion.

Time Warner, the media group with the highest market value, is worth about RMB 50 billion.

How can the NBC television network be worth more than 30 billion U.S. dollars?

The market capitalization of US$25 billion is already a considerable premium.

Seeing Abel's expressionless face, Bob Wright quickly smiled and said:

"The price is negotiable. Maybe 28 billion is a good number?"

"Forget it." Abel stood up and said to Bob Wright:

"I will make an offer to the management and board of directors of General Electric, the parent company of NBC. After that, Mr. Wright, this matter has little to do with you. That's it, the Nordic food here is good,

You can stay and eat by yourself."

Bob Wright stood up to try to persuade him to stay, to say something.

Abel stood up and walked out directly, and a group of Abel's followers also walked out.

Bob Wright wanted to stop him, but he stretched out his hand but did not dare to pull Abel. In the end, he could only helplessly watch Abel walk out of the Brandy Restaurant.

"Farke! Farke! The price can be discussed again!"

After Abel and others walked out of the Brandy Restaurant, he was the only one left at the table.

Bob Wright hammered the table twice, feeling unhappy.

Abel left the Brandy Restaurant and said directly to Alan Baker who was following him:

"Allen, initiate an offer to General Electric for NBC, the price is $20 billion."

Alan Baker felt relieved, and the core of the advisory group also felt that US$20 billion was the normal price for NBC.

Allen immediately agreed: "No problem, I will send a letter to General Electric on your behalf."

Abel nodded and got into the Lincoln Town Car in the middle of the motorcade.

"Go back to the company." He said to the driver Andy.

Andy nodded yes.

Abel and his two drivers in New York know that Abel usually talks about the company.

It refers to the Smith Building where Smith Capital is located.

Half an hour later.

Abel arrived on the fourth floor of the Smith Building.

After the safe house ban was lifted, the trading floor on the fourth floor still focused on the USD/NOK trend.

David Mellon and another president of the company took turns keeping an eye on the situation.

As soon as there is an emergency, notify Abel by phone.

When Abel arrived at the company in the afternoon, David was on duty.

".The current market price is 7.6060."

David Mellon reported the data to Abel: "From a point perspective, we have made a slight profit. But these floating profits are, at most, just enough to cover interest and handling fees."

While Abel listened, he looked at the situation on the information wall on the screen.

For some time now, the USD/NOK currency pair has been like a patient with a failed EKG.

A very complete flat line has been formed, and exchange rate fluctuations can be said to be minimal.

But what is strange is that after so many days of stalemate on the USD/NOK plate.
To be continued...