Chapter 454 Acquisition of MGM

Kerkorian smiled:

"Adam, I came here to talk to you sincerely. If the price is this high, there are many people out there who would take over. Why would I look for you?
Look at your Orange Pictures, which invested in "The Godfather" and "American Graffiti", both of which had such high box office results, but it had to give up most of its profits to Paramount and Universal.

If MGM belonged to you, you would have made back your investment in MGM with just these two movies, right?
You need MGM more than I do!"

Although Kerkorian is not involved in the entertainment industry, he has a sharp eye. In his hands, MGM may be useless, but in Adam Wang's hands, it is a killer! Box office harvester!
Of course Wang Yuanchao knew this, otherwise he wouldn’t have been so obsessed with MGM. He was even thinking about talking to MGM again at the cocktail party yesterday!

So he said:
"Then what's your opinion?"

Kirkrian said:
"I have two ideas, Adam, you can decide which one is more suitable.

One idea is that if you pay $5000 million, I can sell 70% of MGM's distribution business equity, and I will be a small shareholder who only gets dividends..."

Wang Yuanchao sneered:

"You sold all of it for 8000 million, so 70% of the shares is 5600 million US dollars. Now you are selling this part of the shares for 5000 million US dollars. You are very sincere! You gave me a 10% discount!!!"

Kerkorian was not embarrassed at all. He could still continue to talk about his plan. He was not angry either. He said:

"Adam, listen to me.

OK?

If you are willing to promise that the name and logo of MGM Pictures will remain unchanged, then I can give you an additional 10% of MGM Hotels' shares as a gift, which will be considered our cross-holding!

You use the film company to increase the visibility of our hotel, and I use the hotel to cheer for our film company. It's a completely mutually beneficial thing, isn't it?

My hotel, in Las Vegas, you know, has a legal gambling license, and I think you know what a gambling license means, right? "

Originally, Kerkorian was planning to sell all the distribution businesses, but now, if the transaction partner is Adam Wang, the other party's investment vision is so sharp that he is a little reluctant to sell them all. It is also good to earn some dividends from the other party.

Since the other party was so sensitive about price, he offered his backup plan: hotel shares!
He invested 2 million US dollars in the hotel! Otherwise, he would not be so short of money that he wanted to sell the publishing business to subsidize the hotel.

Giving 10% of the shares is actually a discount of 2000 million. This means that Adam will have to invest 2000 million in MGM.

Compared to the 3000 million it sold to United Artists, it now holds 30% more of MGM Studios' shares! It also reduces the financial pressure on MGM Hotels, killing two birds with one stone.

MGM Hotel, Las Vegas, this is truly a mountain of gold.

It was impossible for Wang Yuanchao not to be moved.

"Another idea?"

Kerkorian gritted his teeth and said:

"8000 million US dollars. If you are still willing to promise that the name and logo of MGM Pictures will remain unchanged, then I can still give you an additional 5% of the shares of MGM Hotel!"

He couldn't raise the price, after all, he had offered 8000 million last time, and he couldn't raise it this time. He took the initiative to come to the door to trade, so he had to give him some discount. 5% of the shares was actually worth 1000 million US dollars.

Wang Yuanchao really wanted to spend 8000 million to buy MGM directly, but he was also a little envious of the hotels in Las Vegas.

So he said:
"For $5000 million, I will issue 90% of the company's shares. I can agree that the MGM name and logo remain unchanged and we can hold shares in each other. I like to make more friends."

In fact, this price was already higher than United Artists' offer. United Artists was only willing to pay 3000 million, and the payment had to be made in installments, because they had just invested in the latest 007 and were a bit short of money.

But for profitable things, Kerkorian still had to struggle and said:

"Let's each take a step back and take 85% of the shares. The income of a film company is more uncertain, unlike a hotel, where the income is very stable. You will definitely make money on this investment."

70% means he is the absolute majority shareholder. Wang Yuanchao just thinks that he has a keen eye and will definitely make a lot of money in the future. Giving away 30% of the shares for free is just like giving money to the other party, isn't it?
15%, well, compared to the hotel's 10%...

"I want 15% of the hotel too. I want us to have equal cross-shareholdings!"

Kerkorian really wanted to curse, how much money does the issuance business make? He invested 2 million in the hotel! What a bullshit!
"I invested 200 million in the hotel..."

Wang Yuanchao said directly:

"I can give you another 500 million! How about we both take a step back?"

Kerkorian basically agreed in his heart. But he still pretended to think for a moment and said:
"Adam, you've convinced me. I hope we can work together!"

Kerkorian extended his right hand.

Wang Yuanchao also stretched out his right hand.

The two men shook hands, and the only thing left was for the lawyers to take action. The boss would set the direction, and the rest would be a lot of details.

Wang Yuanchao then sold some of the gold.

In July, the price of gold was as high as $7 per ounce, two to three times the price Wang Yuanchao paid for it! But since August, it has been declining and is now at $120 per ounce. However, I believe that when the Middle East crisis breaks out, the price of gold will definitely rise. This year's Woodstock Music Festival is coming soon, and it is another harvest season. He only needs to cash in a small portion of the gold to complete the transaction.

The couple went to Sacramento, first to visit their children and second to thank his father-in-law for his help. Wang Yuanchao finally got some orders for shoes, clothing and canned food from the Mei army.

The amount is not large, $180 million.

The profit was about 30%, which was considered to be an additional business for Chen Xueru's trading company.

The main reason is that the US Army has withdrawn, and only a few thousand people remain in South Vietnam. The logistical supply standards for the South Vietnamese Army cannot be compared with those of the US Army, right?

But neither of them met Governor Reagan.

The Watergate scandal was having a big impact now. Nixon was from California and was a Republican, so it was not logical for Reagan to stay out of it.

Patricia was even less patient with the children than Wang Yuanchao, who at least could play with them for a while.

What can Nancy do? She is the child's grandmother, but it seems like this is her child. However, her son-in-law is rich and has a complete Chinese and English bilingual service team, so she doesn't need to worry too much.

Among so many children, only Ronald Reagan Wang was equipped with a bilingual team in Chinese and English since childhood. This child was isolated overseas. He was worried about forgetting his roots if he didn't speak Chinese, and he couldn't survive abroad if he didn't speak English.

But this also proves that children have a talent for learning languages. At the age of one and a half, the little guy can already switch between languages ​​by himself. When Wang Yuanchao speaks Chinese, he can give a simple response. When Patricia speaks English, he can also give a simple response.

This made Patricia have a lot of fun.

But that's all.

She had not been the one raising the child since he was young. It seemed that all her feelings for the child had been used up when she had fought for the surname "Wang" for him.

She would rather go for a ride in a Lamborghini with her brother than stay at home to take care of the baby.

Brother-in-law Ron is going to take his sister to show off to his classmates. His sister is really the leading lady of the SHE group!
This kind of bragging is exactly what Patricia likes.

So only mother-in-law Nancy and Wang Yuanchao were left at home.

Nancy felt sorry about this. It seemed that her children were not very reliable, even less reliable than Adam.

Adam has a reason to be busy with his career outside, so he can spend more time with his children when he comes back, but as for his daughter, forget it. I can only say that the couple failed to raise their daughter.

Even now, fans like Patricia's eccentric and straightforward personality. Nancy knows that is her daughter's nature, and people only like her personality because they like her songs.

The fans don’t live with Patti.

If she were to say, this character is terrible!

So it's good this way. She and Adam live their own lives without interfering with each other, which can be considered a positive outcome.

At least in the eyes of those who don't know, she and her husband were very successful in educating their children, and they raised such a big star. She surpassed the achievements of the couple. Young people may not know Governor Reagan, but everyone knows SHE.

This was the achievement they had always dreamed of.

At least that's how her husband comforted her.

But Nancy was still very honest in front of her son-in-law who made her daughter famous.

"Adam, I'm sorry Patty, she seems to have always been like this when she got older, and Ronnie and I thought she would mature a little after having a child."

Wang Yuanchao didn't care about this. He had many women, so he didn't care about this one. Besides, what he had been after was just the name of the "Reagan Family". Now, this resource has been obtained. This is the result of Ronan (Ronald's nickname).

If you really need to do something else, and one child is not enough, it seems you can have a few more and try to expand your family.

But in Patricia's current condition, how could she possibly give birth to a child for him?
Her personality in front of her fans is that they don’t know that she is married and has children. Everyone thinks she is still an unmarried girl.

Wang Yuanchao smiled and said:
"It doesn't matter. There is still a lot of time. She will mature slowly."

Nancy sighed and said:

"I'm not worried about you, I'm worried about Patty. I won't be surprised by anything she does one day. Apart from the pursuit of success, Patty has no patience and persistence for many things. But no matter what, you are Ronan's father, and we are all a family."

What Nancy meant was that she would not be surprised if her daughter found a new boyfriend or even wanted to marry him. She actually did not mind her daughter's affair, as long as she did not get carried away and make a big fuss, which would make Adam lose face. I guess Adam still cares about the skin of the Reagan family. But he could not help but let his daughter take off this skin, right?
Wang Yuanchao could of course understand the meaning behind the words and said with a smile:

"No. Although Patty likes to play sometimes, she still knows right from wrong."

The ownership of the song is in the hands of Muse Music. If Patricia dares to defect, she will no longer be able to sing SHE's songs in commercial occasions. With her bad personality, she will soon be unable to survive in the entertainment industry.

Even now, because Wang Yuanchao is protecting her, everyone just goes along with her in order to make money.

Do you really think her eccentric personality is likable?
Debbie was so famous, didn't she obey Wang Yuanchao's orders and even want to have a child with him? It was just that Wang Yuanchao didn't like her because Debbie wasn't as pretty as Patricia and Xixi, and she wasn't as valuable as them. It was that simple.

(End of this chapter)