Chapter 671: Exchange of Disney Shares(2/2)
After George Jr. became the governor of Texas, the Bass family also attended his celebration and showed their kindness to the new governor, the eldest son of the boss.
Little George was also happy to show Ronald and the Bass family that he had extensive connections. It happened that two tycoons from other states and two from this state, after some exchanges, Ronald was surprised to find that they were among the top seven in Hollywood.
An important shareholder of Disney.
They have invested in Disney since the 1980s, and have been very satisfied with the stock price since Asner took over. As of this year, their investment has increased significantly. As the largest investor in Disney, their stock is equivalent to approximately 2 billion
Market value of U.S. dollars.
After enjoying considerable returns over the years, the Bass family also began to want to gradually sell for profit. Coupled with the recent firing of Katzenberg by Eisner, they have doubts about the future stock price and are preparing to sell.
.
It happened that Ronald was not optimistic about Viacom and the Bass family was not optimistic about Disney, but both parties had positive comments about the other's company. Since the governor's victory party, the two began to hire lawyers and accountants, as well as companies like Goldman Sachs
The middleman negotiates the transaction.
Recently, the two sides have basically reached an agreement.
However, SEC regulations and the series of agreements for Viacom's acquisition of Blockbuster may require Ronald to first inquire about the price of Redstone before selling. Otherwise, he may be investigated by the SEC, especially since it is more sensitive.
If a share swap transaction is reported by a major shareholder, there will be troublesome investigation procedures.
So taking this opportunity, Ronald also completed the procedure.
Redstone is not too worried about the Bass family. What they have done at Disney is very reassuring. They have not interfered much in the business for ten years and are content to quietly gain profits as an investor. Such people are very important to Redstone.
Such people with a strong desire for control are the most suitable.
Soon, the stock exchange deal was about to be concluded, and Eisner, who received the notice from the Bass family, also called Ronald.
"Ronald, what do you want?" Eisner's shares are much smaller than Redstone's, and he is even more paranoid about control than Redstone.
"On your side, Michael..."
Chapter completed!