Chapter 1138： Precarious

Isn't the default attitude conniving?

When Fox and News Corp people discovered that they had eavesdropped on a well-known person and got big news, not only did they not reprimand, but also took the initiative to smooth the beginning and the end, will he have another time?

And will the goal go further next time?

These are obvious, and when converted to ordinary people, it is like a crime.

But understanding this truth does not mean that you should feel guilty for it and give up your major interests.

After all, Rupert Murdoch has been in a high position all year round. This kind of initiative to seek peace and even apologize for compensation may be the first time in nearly two decades. Even if he is old enough and experienced enough, he can’t help his tone turn cold: " I understand what you want? You think too much, your appetite cannot support your greed, News Corp will not give up 20th Century Fox..."

Ronan was not surprised by this, saying: "Rupert, many of the difficulties that News Corp faces can be solved with money. As long as the compensation is sufficient, the best result of the British and American governments is also a huge fine. Because of the economic crisis and The acquisition of Time Warner failed. News Corporation and Fox are all financially tight. At this time, who is willing to support your huge funds?"

Rupert Murdoch said: "Give up, Ronan. I won't accept your terms."

Ronan said calmly: "This is a fair deal, not for News Corporation to give Fox to Relativity Entertainment at no cost. Relativity Entertainment will officially buy 20th Century Fox. If you are interested in talking, we can take a premium purchase. "

"What?" Rupert Murdoch suspected he had heard it wrong.

Ronan once again said: "At a 5% premium to the market price that day when we reach an agreement on the future."

Rupert Murdoch's face was a little dark: "This is what you call fair trade? First use heavy measures to suppress the stock prices of Fox and News Corp. The stock prices shrink by more than 30%, and then use this so-called Premium acquisition?"

The shameless face of this young man made him unbearable.

Ronan spread his hand and said, "So, News Corp. needs to hurry up. The sooner it can reach an agreement with Relativity Entertainment, the smaller the loss will be. Rupert, you know more about the situation now than I do."

Rupert Murdoch was silent for a moment, because the situation would worsen over time.

But selling Twentieth Century Fox...

"Let’s stop here today." Rupert Murdoch tried his best to take control of the initiative. When he said goodbye, he said: "Ronan, my conditions will be valid within this month. You figured it out. , You can contact me at any time."

Ronan replied calmly: "Rupert, what I said is valid until the end of the month. Next month...well, it may not be such a good condition."

Rupert Murdoch glanced at Ronan and said nothing.

Jessica Felton and the Mrs. Murdoch also returned to the reception room at this time. Both parties simply shook hands. Ronan and Jessica Felton sent the Murdoch couple out of the club together.

Watching the Murdoch couple walk out the gate of the clubhouse, Jessica Felton asked Ronan concerned: "How's the talk?"

Ronan smiled and said, "It's going well, almost as expected."

Jessica Felton instantly understood: "Rupert Murdoch didn't let go?"

"No." Ronan walked towards the reception room just now, waited until Jessica Felton followed, and said: "This is all expected. Rupert Murdoch has experienced countless storms in his life and will not be easy Compromise. If the situation does not deteriorate to a certain extent, it is impossible to agree to the purchase of Relativity Entertainment."

Jessica Felton nodded slightly: "I hope there will be a good result in the end."

She couldn't help in this regard, she could only distract Ronan, and at least it would not bring any drag.

"Don't talk about News Corp." Ronan asked instead, "How are you talking to that Mrs. Murdoch?"

Jessica Felton smiled suddenly: "Mrs. Murdoch is very interesting, not an ordinary person." She thought for a while, and said: "She is very good at finding common topics and is a good communication expert. I am far inferior to her in this respect. "

Ronan has seen the experience of that compatriot in the past, and it is really amazing to be able to climb to his current position step by step.

Unfortunately, the one who didn't know what was going on, fell in love with Blair.

Rupert Murdoch and Ronan fell apart, but did not leave Los Angeles. Instead, they took over all the business of 20th Century Fox.

James Murdoch, who was previously regarded as his successor, inevitably began to be marginalized due to the lack of any effective performance in this crisis.

But the series of crises triggered by the eavesdropping door did not end because of Rupert Murdoch's efforts, and there was no even any improvement trend, but continued to deteriorate.

In the UK, several lawmakers have submitted a bill to require the government to force News Corp to sell all media in the UK, and even include it in a new House of Commons discussion.

Because too many people are involved, the supporters of News Corporation have dropped sharply. If it is really discussed in the House of Commons, News Corporation will face the worst outcome.

The plan to eavesdrop on Prime Minister Brown has had serious consequences in the UK. Even the Labour Party, which has good relations with News Corp., has taken the initiative to stretch the distance. The relationship between the two parties cannot be fundamentally repaired in the short term.

News Corporation's business is mainly concentrated in three countries-the United Kingdom, the United States and Australia.

Similarly, these three countries are also the main victims of wiretapping.

Australia is the birthplace of the Murdoch family. Although there are occasional news of eavesdropping, the few can be ignored.

The main incidents were concentrated in Britain and the United States.

This month, Relativity Entertainment continued to promote the "eavesdropping door" related incidents, but also completed another work. Its subsidiary Netflix carried out a new round of financing and attracted more foreign capital and investment groups.

Although Netflix burns money extremely fast, in the face of soaring stock prices and a market value of 200 billion US dollars, there are too many people and groups waving huge amounts of money and want to join the ranks.

These people, within a certain period of time, will become partners of Relativity Entertainment.

Perhaps this kind of cooperative relationship is not reliable, and when it comes to their own major interests, they will not care about relativity entertainment.

But in certain matters, it is not too difficult to form a loose alliance to engage in smashing and smashing the dog. Besides, if it works well, there are still benefits.

After this financing expansion, Ronan's control of Netflix's equity through Relativity Entertainment has dropped to 60%, but the market value of Netflix has quickly surpassed $200 billion.

In fact, looking at the figures on paper, his net worth has skyrocketed.

The eavesdropping door in the United States is still rapidly fermenting. The FBI convened a press conference and issued a preliminary investigation report of hundreds of pages, all of which were directed at News Corporation and the Murdoch family.

The Federal Trade Commission and the Department of Justice held meetings one after another to discuss whether News Corp. needs to be split or whether it needs the Murdoch family to sell the American media in their hands...

The Washington authorities have also exerted tremendous pressure on News Corp. After all, no one wants to allow themselves or their family members to be tapped.

After the government issued a preliminary investigation report, Ronan and Relativity Entertainment filed a lawsuit against the Murdoch family and News Corporation, and demanded astronomical compensation on the grounds of leaking top-secret items.

As if the charge was sounded, a large number of victims of wiretapping in Britain and the United States successively chose the same method.

Even some government departments have filed lawsuits against News Corporation.

If all the compensations required were calculated, it would not be enough for the Murdoch family to sell News Corporation.

The impact of this incident was too great. After collecting relevant evidence, the British side arrested many senior executives of News Corporation in the UK.

The FBI has even taken actions one after another. News Corp. people have been taken away for investigation, which has seriously affected the company's internal operations.

News Corporation, the once-prosperous media company, is falling into a precarious situation.

Subsequently, news broke that Relativity Entertainment was in contact with multiple major shareholders of News Corporation and seemed to be seeking to acquire the News Corporation.

News broke from Bank of America that Relativity Entertainment applied for a huge loan.

In addition, the news that Relativity Entertainment cooperated with overseas capital to establish a new company for acquisition was also confirmed by mainstream financial media.

Relativity Entertainment itself has released a part of Netflix's equity, and can get loans from Bank of America at any time, as well as overseas funding. The acquisition of News Corporation seems to have no financial problems.

When the new company invested by Relativity Entertainment was about to reach an agreement with the two major shareholders of News Corporation, Rupert Murdoch found Ronan again, and the two sides had a full day of negotiations.

Relativity Entertainment has touched the basics of News Corporation, and the government is under increasing pressure. Rupert Murdoch must make a choice if he does not want to be defeated in this crisis.

Is the entire group company being split up and forced to buy, or can continue to survive in the media industry ~ www.novelhall.com ~ has reached the time to make a decision.

Just like once faced with the aggressive Walt Disney, Rupert Murdoch will not easily sell Fox, but it is not absolutely impossible to sell.

Faced with these situations, everything has to be discussed.

Robert Iger withdrew from New York and joined Ronan's interview with Rupert Murdoch in the next two days.

The Murdoch family does not have absolute controlling rights in News Corp. If you do not want to lose News Corp, there is only one choice.

Although Relativity Entertainment has put on a posture, it does not want to fight with News Corp. in a situation where it kills one thousand and loses 800.

The two parties finally reached an agreement and decided to start formal negotiations on the acquisition of Twentieth Century Fox by Relativity Entertainment.

This kind of negotiation often lasts for a long time, and it is possible for more than a year, but what News Corporation lacks most is time, so the actions on both sides are very fast.

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