Arrive aboard the "Ovitz".

Abel's purpose was not to "have a banquet on x day".

Although he was quite curious about this kind of thing.

His main purpose is to come here for CAA's shares.

According to Ovitz, these guests on the ship today.

If they are willing to sell all the CAA shares in their hands to Abel.

Then Abel will immediately become the largest shareholder of CAA, which is still much more than the second one.

Absolute holding is unrealistic, as CAA's current shares are too dispersed.

After experiencing internal strife, CAA now seems to be on the verge of decline.

But the foundation is still there, and the development trend of the entertainment industry looks so good now.

Investors are still relatively optimistic about CAA.

Therefore, in this case, unless you buy at a large premium.

Otherwise, there is little hope of absolute control.

Moreover, a company like CAA has the advantage of having many shareholders.

The more shareholders it has, the stronger its connections are.

Personal connections and various resources are sometimes more important to a company like CAA than profits.

In addition, the guests who came to the yacht today were all screened by Ovitz.

As all the guests know, today we are mainly talking about share transfer.

Second is communication and enjoyment.

What to enjoy?

Just look at these Hollywood beauties around you.

It's just that other customers may be more reserved, or they may be selling at a price.

They were all waiting for Abel to come find them.

Bloomberg didn't know what the situation was and went to find it himself first.

Seeing this, Ovitz took advantage of the situation and told this important matter in advance.

Faced with Ovitz's directness, Bloomberg didn't seem to mind.

The Bloomberg founder smiled and said: "I understand, and that's why I'm here. I'm here for Mr. Smith."

"Hmm." Abel said with a smile: "So, what do you mean...?"

"What I mean? Of course I want to sell it. As long as Mr. Smith wants it," Bloomberg said casually.

Bloomberg currently holds approximately 3.1% of CAA's shares.

This is a share he purchased earlier.

I have always kept it in hand, neither sold nor increased my holdings.

When he bought these shares, the market value of CAA was only about US$500 million.

It cost $15 million at the time.

Nearly ten years have passed.

The market value of caa...well, it hasn't increased much.

Don't look at it, CAA is very powerful and influential in Hollywood.

But in fact, the profits of companies like CAA, even if they are giants, are actually just that.

In the mid-1990s, CAA had 550 employees and signed approximately 1,400 top Hollywood talents.

However, the company's annual revenue is just over US$150 million.

Now that it has developed in 2000, CAA is even stronger.

The number of employees has exceeded 600.

But last year’s annual reported revenue was just over US$300 million.

This is still income, not profit...

In terms of profit, it is estimated to be less than US$100 million.

So now, the valuation of CAA by many investment banks is probably around US$1.2-1.5 billion.

The 11% shares that Abel previously acquired at a premium, including the premium, amounted to about US$190 million.

Not to mention compared with financial companies, even compared with medium and large companies in other industries.

CAA’s annual report and market value are not very good.

But in this era, a CAA like this is already a giant in the entertainment agency industry.

Because of this,

caa is seeking transformation.

It’s just that CAA is timid and doesn’t dare to develop into other fields.

For the time being, I am only thinking about transitioning to other commercial brokerage fields.

Not daring to invest randomly, they are currently focusing on the commercial sports field.

For example, commercial sports leagues such as NBA, NFL, and NHL.

At the same time, we are also preparing to go global and start to build branches overseas.

But...that's it.

Even after its listing in the future, when CAA's market value is at its highest, it will not exceed 10 billion US dollars.

The market value has been hovering around US$4-6 billion for a long time.

So from an investment perspective, the return rate of CAA is really not that good.

If Abel's goal was not for the media industry, CAA would be a very suitable springboard.

If he didn't consider this, he would never be so serious about a company the size of CAA.

No matter how you say it, no matter how nice it sounds.

Companies like UTA, WME, and CAA are, to put it bluntly, an intermediary industry.

The intermediary industry can only make money through commissions.

The commission also needs to be divided heavily among employees, and what is left over in the end is the profit.

This model, no matter how large it is, is just that.

That's probably why.

That's why Bloomberg seemed so casual when selling his CAA shares.

The difficulty in controlling CAA does not lie in funds.

The reason is that its shares are too dispersed, and such dispersion of shares is beneficial to its own operations to a certain extent.

Even Abel doesn't actually want to privatize CAA.

If it is really privatized, its operations will inevitably be affected.

His idea is that absolute holding is enough, about 51%.

If you can get control of the board of directors, about 33% is acceptable.

No matter how large the share is, privatization is not a good option.

Such are the attributes of the industry.

Unless he himself can provide sufficient resources.

For example, the Texas consortium, which later held absolute control, was able to provide support in a systematic manner.

The current Abel is not yet able to do this.

Seeing that Bloomberg was so talkative, Abel immediately smiled and said: "You will definitely be satisfied with the price."

Bloomberg is not short of money, and Abel is not short of money either.

He was so easy to talk to, but Abel owed him a favor.

Therefore, Abel would rather buy it more expensively and spend more money.

It's better than owing a favor.

But Bloomberg smiled and shook his head, "Just follow the market price. Bloomberg's valuation of caa is US$1.3 billion. Just go with this."

Abel raised his eyebrows, so generous?
To be continued...