Chapter 283 Acquisition that cuts through the mess quickly

Aiden Buckley feels tonight's negotiations are a bit shaky.

Because it's so quick, it doesn't sound like we're talking about an expensive media group worth £350 million.

On the contrary, it is as simple as buying a potato in the vegetable market.

But in fact, in tonight's negotiation with Aiden Buckley, Abel's advisory group has already done a lot of work in private.

Including examining and observing in real time the value of the British Telecom Media Group, as well as the value of several newspapers owned by the group.

The only thing of real value under this company is the Daily Telegraph.

The Daily Telegraph is an influential national newspaper in the UK.

It was founded on June 29, 1855. In 1937, it merged with the "Morning Post" in England and was called "The Daily Telegraph and Morning Post". It was later changed to its current name.

It is the largest selling of the four national "premium" daily newspapers in the UK.

The newspaper has a compact layout and extensive content, but its news is shorter than other national newspapers. In 1994, the newspaper became the first online newspaper in Europe.

Like its counterparts in the United States, the Internet appeared after entering the new century.

The British newspaper industry, which was originally particularly developed, has been gradually shrinking.

At its peak, the Daily Telegraph's daily sales record was 2.45 million copies.

It was the day of the victory of World War II, and it published news about the victory of World War II.

On that day, the sales of newspapers in the UK and even around the world almost doubled compared to usual.

This is the highest sales volume in history, but its gold content is a little low.

But from the postwar period to 1990, during this long period of more than 40 years.

The Daily Telegraph can almost maintain sales of around 1 million+ copies.

When the new era comes and the Internet appears.

The Daily Telegraph, like its peers, has seen declining sales.

As of now in 2001, the average daily sales volume of "The Daily Telegraph" is only about 800,000+.

Even this sales volume still allows the "Daily Telegraph" to firmly occupy the top spot in the daily sales volume of British newspapers.

The Times, which ranked second, and the Guardian, which ranked third, had even worse results.

The key is that these newspapers, which are more serious and cannot let too much advertising affect their sales, have even had problems making profits in recent years.

The Daily Telegraph has been losing money for two years. The Times has been losing money for nearly three years.

The worst one is the Guardian, which is said to have been losing money for more than five years.

Fortunately, The Times is backed by News Corporation UK, which is Murdoch’s News Corporation.

For The Times, which is backed by a huge tree, that little loss is not a problem at all.

The Daily Telegraph and the Guardian, which have no legs behind them, are gradually becoming a little unbearable.

As the largest newspaper, "The Daily Telegraph" has a relatively thick health bar.

From the Guardian, there have been frequent reports of bankruptcy and liquidation since last year.

In this era, the fate of these overlords of the paper media era is like the fate of the empire on which the sun never sets.

He has grown old, and only his former glory remains.

Aiden Buckley was a little uncomfortable with it. Abel's fast and concise negotiation style was too inconsistent with the rules of the business world.

What Aiden Buckley doesn't know is that the foundations of Telecom Media Group and the Daily Telegraph have been completely searched out by Abel.

The advisory group also gave reference to the group's possible quotation.

Aiden Buckley's offer of £350 million is within the reference price.

Abel, there are still many negotiations to be conducted tonight.

Make sure this quote is based on psychological expectations.

Abel cut the mess quickly, and quickly resolved the matter with Telecom Media Group in Aiden Buckley's somewhat confused mood.

Of course.

After Aiden Buckley returns, he will have a meeting with the family and shareholders.

It was finally decided whether to sell the British Telecom Media Group for 350 million pounds.

Not to mention Aiden Buckley’s messy mood.

Here at the Savoy Hotel.

Abel has already started the next negotiation immediately.

The second person was sitting next to Aiden Buckley, who had just left.

The second businessman's name is Kerry Kirsch.

Kerry Kirsch is not an Englishman, he is a German and he just arrived from Germany today.

Kerry Kirsch is a member of the Kirsch family, the founders of the Kirsch Group.

As for the Kirsch Group, it is one of the largest media groups in the world, the largest media company in Germany and the top three media companies in Europe.

Kirsch Media, a subsidiary of the group, has a monopoly on the broadcast rights and advertising industry of the Bundesliga.

Abel's purpose in finding Kerry Kirsch is simple.

"Mr. Kirsch." Abel said:

"To be honest, I want to buy the shares of SELC owned by Kirsch Group."

Kerry Kirsch as well as Eden Barkley.

Before I could come here, I had negotiated many times with Abel's advisory group.

Those who can come to the site have basically agreed on the price and various terms and conditions.

It can be said that everyone has the intention to trade.

These are the people in front of me. They came here to have final contact with Abel.

As long as both parties have no doubts, the next step is to formally sign the contract.

Kerry Kirsch looked at the young and outrageous Abel.

This German businessman, who is already in his fifties, sighed and said:

"Okay. I came here to sell SELC's shares. Kirsch Group has no objection to this offer."

Abel smiled and said: "We have already agreed, right? Since we already have intentions for each other, it will be beneficial to both parties to confirm it as soon as possible. Time is money, my friend."

"You're right, Mr. Smith. Time is money!"

Kerry Kirsch, who is in his fifties, strongly agrees with this statement.

"Then as we said, 800 million euros, 75% of SELC's shares." Abel smiled.

Kerry Kirsch nodded in agreement.

Before the old man comes.

Kirsch Group headquarters and shareholders have already agreed to this price.

When the old man came here, he basically came over for a formality.

I saw Abel's cheerful look just now with Aiden Buckley and himself.

Kerry Kirsch, who originally had no extra thoughts, couldn't help but said:

"By the way, Mr. Smith. Are you interested in the Kirsch Group?"

"Kirsch Group?" Abel said with a smile: "As far as I know, your current situation is very bad."

Kerry Kirsch's face darkened, but he also knew that what Abel said was true.

Now everyone knows that the Kirsch Group has huge problems.

As the largest media group in the world, the Kirsch Group is in very bad shape at this time.

At present, the total debt of the entire Kirsch Group is as high as more than 6.5 billion euros.

It's not scary to have too much debt, but what's scary is the sharp decline in profitability.

From 2001 to now, the pre-tax profit of Kirsch Media Company, the only company integrated within the company, has dropped by 9%, reaching only 178 million euros.

As of now, the debt of this subsidiary of Kirsch Media Company has reached 2.2 billion euros.

Even in Germany, local media used the word "cancer" to describe the spread of debt problems within the Kirsch Group.

The Kirsch Group claimed to the outside world that Germany's Bayerische Landbank, Mortgage Union Bank, Commerzbank and DZ Bank would all participate in the action to help the Kirsch Group.

The banks will also decide together who will take over the Kirsch Group.

None of this is a secret in Europe.
To be continued...