That is Smith Capital’s US$50 billion private placement subscription, which is officially full!

Fifty billion in funds have been remitted to the account designated by Smith Capital.

The subscription contract has been officially signed.

Smith Capital has also announced it to the public.

This private placement was a perfect success.

It took a total of seven days to recruit a total of 125 investors. Each investor invested an average of US$400 million.

The total subscription intention and the subscription amount signed with the subscription intention letter even exceeded 100 billion US dollars.

"What's going on?"

In the office, David Komansky questioned Charlie Scharf with a dark face.

"Where's our $1.5 billion quota?" David Komansky shouted loudly.

Charlie Scharf felt a little aggrieved, and he said euphemistically:

"Sir, it's obvious that someone got in early. Someone signed a contract with Smith Capital in advance and established the contractual relationship in advance."

David Komansky certainly knows this.

It’s just that he didn’t expect that Smith Capital would raise funds so quickly this time.

It was so fast that Merrill Lynch wanted to wait and see. Before it could react, all its shares had been taken away.

Charlie Schar actually wanted to say that he had reminded the CEO many times as early as five days ago.

It was David Komansky who kept saying don't rush, wait and see.

Observing and observing, the shares that originally belonged to Merrill Lynch were disappeared under observation.

Investors in private equity funds have signed a letter of intent to subscribe, but they can renege before signing a formal contract.

When you regret it, the most you can do is pay the penalty specified in the letter of intent.

Generally it is not a lot, depending on the amount of funds, it is usually about 0.1% of the subscription amount.

Well now, Merrill Lynch no longer has to pay the 0.1%.

But it has missed out on Smith Capital’s seventh private placement.

David Komansky forced himself to calm down.

He asked Charlie Scharf: "Can you identify the specific investors?"

"Of course." Charlie Scharf said, "Smith Capital has a public list. Among the 125 investors, except for thirty-five are institutional users, the others are all individual investments."

In other words, in addition to the successful subscription by thirty-five Wall Street financial companies.

The rest were purchased by companies outside the industry or by wealthy individuals.

"90 subscribers? With such a large amount of funds, one person must be at least US$100 million, right?"

Charlie Scharf shook his head: "That aspect is unknown."

David Komansky could only sigh, "Then let's end this matter. I will explain it to the board of directors."

Charlie Scharf also sighed, wondering if he would be used to take the blame this time.

In fact, it was not just Merrill Lynch that failed to subscribe due to cautious "observation".

There are many institutions on Wall Street, all of which are actually the same as Merrill Lynch.

These Wall Street giants never expected that so many wealthy people would recognize Smith Capital.

In other words, they recognized Abel Smith's investment ability and dared to invest so much money in him.

This time, many Wall Street institutions that failed to subscribe successfully made a mistake.

But also because of this incident, Wall Street realized another thing.

That is the name Abel Smith, which has been recognized by a large number of American wealthy people outside of Wall Street!

With this level of recognition, any future private placements conducted by Smith Capital will be as smooth as this one.

Many institutions that cannot grab a share this time are already gearing up.

As long as Smith Capital can earn a lot of profits from this seventh phase of private placement.

Then in the next private placement of Smith Capital, we will grab a share no matter what.

Time continues to move forward.

Mid-July, the exact time is July 15th.

This day is the shareholders meeting of American News Corporation.

The headquarters of News Corporation is actually in Adelaide, Australia.

I haven't completely moved to the United States yet, where Rupert Murdoch made his fortune.

But the business center of News Corporation has long been no longer Australia, but the United States.

Even the Murdoch family itself is stationed in the United States all year round.

News Corporation's shareholders' meeting this year will naturally not let its distinguished shareholders go to Adelaide.

This shareholders meeting, Rupert Murdoch announced, would be held in New York.

The venue was the headquarters of Fox Television Station, a subsidiary of News Corporation.

It is a skyscraper in lower Manhattan in which News Corporation occupies five floors.

Abel originally owned 5% of News Corp.

2% was obtained from the Desert Stock God, and 3% was obtained from Wall Street.

Later, in order to acquire Pixar Animation, he traded 3% of it to Jobs.

He himself now only has 2% of News Corporation shares left.

However, 2% of the shares are enough for him to attend today's shareholders' meeting.

That is, if you want to hold a director position, this share may not be enough.

At least about 5%.

Of course, if he demands it with his reputation and status, News Corporation will most likely give it to him.

Regarding this News Corporation’s shareholders’ meeting.

Originally, Abel didn't want to go, so what could he do with 2% of the shares?

There is nothing you can do except compare the value.

But then he saw a piece of news on TV.

The beautiful scenery in the news immediately made his heart beat.

In terms of time, it coincides with this shareholders' meeting.

He came over personally.

At the door of the building where News Corporation is located, Abel met an acquaintance at the door.

He is an acquaintance, and it is not difficult to deal with him.

It's Steve Jobs.

It's normal for Steve Jobs to appear here. All his shares were bought from Abel.

3% of the shares, plus Jobs’ fame.

It was enough to get him a board seat at News Corp.

"Hey, Steven." Although he was unhappy with this leverage, he was very happy with the Pixar deal.

Abel still waved to him: "I didn't lie to you, did I? News Corporation's stocks are more valuable than MGM!"

When Abel was making a deal with Jobs, Jobs initially wanted shares in MGM.

Abel refused, or said the price was too high.

Jobs was unhappy, so Abel threw out the News Corp. stock.

At that time, News Corporation's market value was approximately US$45 billion.

A few months later, it has now reached a market value of approximately US$50 billion.

From this point of view, Steve Jobs, who got 3% of the shares of News Corporation, undoubtedly made a profit.

Perhaps it was for this reason that Jobs actually smiled at Abel today and took the initiative to walk over to News Corporation with Abel.

"Steven, do you want to be a director of News Corporation? If you do, I will definitely vote for you later." Abel said to the bully with a smile.

Unexpectedly, Jobs actually nodded, "Are you sure? If you are really willing to help me, then I will be very grateful to you."

"Do you really want to be a director of News Corporation?" Abel was curious.

He was just talking casually.
To be continued...