Reborn as a Hong Kong Tycoon

Chapter 371 Acquisition of Marvel

On the morning of January 1rd the next day.

In the villa in Beverly Hills, Lin Baicheng signed a contract with Wade Thomas representing Goldman Sachs, officially entrusting Goldman Sachs to help him acquire Marvel Comics.

"Alan, don't worry, Goldman Sachs will definitely help you acquire Marvel Comics."

After the two parties signed the contract, Wade Thomas was very happy.

"Of course I believe in the ability of Goldman Sachs."

The two shook hands, and Lin Baicheng asked, "Thomas, when can you tell me the valuation of Marvel Comics and the current situation of this company?"

Wade Thomas said immediately: "Don't worry, Allen, we will give you a preliminary investigation result no later than the day after tomorrow."

"Okay, then I'll wait for your good news."

Wade Thomas didn't speak for a long time, so Lin Baicheng didn't say much.

After a while, Wade Thomas left Lin Baicheng's villa with someone.

"Bella, have you got the statistics of the 78 annual reports of each company?"

Lin Baicheng asked Isabella, it is already 1979, and last year's annual report has also started statistics.

"Except for Starlight Company in the United States, other companies should be able to produce their annual reports in a couple of days. Starlight Company will be later, but they should be able to prepare their annual reports before the 10th."

"For Japan, it will take a few days. As for Xiangjiang, the company has the most companies. I have communicated with your two assistants there. All annual reports will be published on January 1 at the earliest, or even later. possible."

Isabella reported aloud that Lin Baicheng has relatively few companies in the United States and Japan, that is, Starlight Company has a lot of stores, so it will be more troublesome to count.Xiangjiang is different. Not only are there many companies, but the size of the companies is also very large, especially the three companies of Galaxy Games, Hutchison Whampoa and HK Electric Group.

"Okay, please remember to tell the responsible persons of each company that after they complete the annual report summary, I will find a third-party accounting company to go to each company to reconcile the accounts. If problems are found at that time, don't blame me for not being sympathetic."

Lin Baicheng doesn't fully trust the employees of the company below. It is necessary to find a third-party accounting company to check and check the accounts, although it will cost an extra amount of money.But in order not to be deceived, this money must be spent.

Although it is Lin Baicheng's sister Lin Shufang who is in charge of the finances, Lin Shufang recruits and dispatches the finances of various companies to other companies, but the ghost knows if they have been corrupted or lied to Lin Shufang, so it's not that Lin Baicheng doesn't believe his sister, but It was he who didn't trust the rest of the company.

"Yes, BOSS!"

Isabella's heart trembled. She herself had no problems, but she didn't want some companies in the United States to have problems, lest the boss think about her. After all, she was the boss's assistant in the United States.There is a problem with the company in the United States, which in disguise shows that her management is not in place and her ability is problematic.

Wade Thomas said that there would be a preliminary investigation result no later than the day after tomorrow. As he said, he handed over the preliminary investigation results to Lin Baicheng in the form of documents the next night.

When it comes to Marvel Comics, one has to mention Stan Lee. Many well-known superheroes in Marvel Comics are created with him as the core. It can be said that there would be no Marvel Comics without Stan Lee.

Stan Lee became the publisher and chairman of Marvel Comics in 1972. Since then, he has gradually faded out of the specific creation of comics and is still the chairman of Marvel Comics.

In 1967, the monthly circulation of Marvel comics reached 600 million copies. Today, after more than ten years, the circulation of comics has not increased due to the increase in population, but has decreased a lot. to 5000 million copies.

Ten years have passed, and the circulation has not increased but decreased. It can be seen that the comic industry is going downhill.

However, while the number of comics in circulation has decreased, the market value of Marvel Comics has increased.After all, ten years have passed, and money has become less and less valuable. Of course, the market value of Marvel Comics can't still be 1500 million U.S. dollars, let alone lower than 1500 million U.S. dollars.

According to Goldman Sachs estimates, the current market value of Marvel Comics is between $2500 million and $3000 million.

This is the valuation given by Goldman Sachs. Whether Marvel Comics is worth the money will have to wait for the acquisition negotiations with Cadance Industries, and then conduct a more detailed investigation with the cooperation of Cadance Industries. , giving a more accurate valuation judgment.

The current valuation given by Goldman Sachs is based on Marvel Comics’ comics circulation, toy licensing and other peripheral income. It is not accurate. After all, Marvel Comics is not a listed company.Furthermore, even if it is a listed company, if the top management of the listed company has made financial fraud, there is no way to find out without conducting a specific investigation.

Otherwise, there would not be so many listed companies whose financial fraud has not been discovered for many years, and it was not until many years later that they could not hide it, and a large number of investors were killed by thunderstorms.

In Lin Baicheng's opinion, Marvel's valuation is not high, and he can fully accept this valuation, so he asked Goldman Sachs to reach an acquisition intention with Cadance Industries as soon as possible and negotiate the purchase price.

When Goldman Sachs contacted Cadance Industries and learned that someone had entrusted Goldman Sachs to acquire Marvel, Cadance Industries immediately expressed that they could talk.

Marvel did not make Cadance Industries a fortune as expected. Although the cost has been recovered over the years, the entire comic industry is going downhill. As games become more and more abundant, the impact on comics is also increasing. As it gets bigger and bigger, the company's annual profits have become tasteless in the eyes of Cadance Industries.

Instead of earning a few million dollars a year, it is better to sell the company at once and earn tens of millions of dollars.

It's just that because Marvel has a small profit every year, Cadance Industries doesn't want to sell the company cheaply, so in the absence of anyone buying Marvel, Cadance Industries didn't take the initiative to contact others to sell the company. The company was sold and has been kept like this.

Now, someone entrusts Goldman Sachs to acquire Marvel. As long as the price is right, in the view of Cadance Industries, Marvel can be sold without any problem at all.

But still the same sentence, Cadance Industries did not want to sell Marvel at a low price, so it asked for a price of 4000 million US dollars from the beginning.Although the lion opened his mouth, he didn't call out a high price that would scare people away.

Lin Baicheng asked Goldman Sachs to continue negotiating with Cadance Industries after learning about it. It would be best if the transaction price could be negotiated below 3000 million US dollars. The lower the price, the higher the commission fee for Goldman Sachs.

Although Lin Baicheng is also willing to acquire Marvel for 4000 million US dollars, his money is not blown by strong winds, so of course the lower the purchase price, the better.

(End of this chapter)