Chapter 130

There is a gambling tycoon in Hao Giang. Gambling is also legal in Las Vegas in the United States. Therefore, in America, besides Hac Giang, there are also gambling kings. Among the richest people in America. It is possible that this title is none other than Kirk Kerkorian. At Kirk Kerkorian's peak, he was single-handedly responsible for nearly half of Las Vegas' gambling revenue. At the same time, he sold the MGM motion picture company twice and bought the MGM motion picture company three times, and he owned the Westside Casino and the MGM Grand hotel. He is known as the "designer" of Las Vegas. Las Vegas has its current reputation, and Kirk Kerkorian contributed at least half of it. Before the appearance of the Internet giant. Kirk Kerkorian has long been the richest man on the West Coast and was once the richest man in Los Angeles. last night, When Charlize Theron went to the hospital for a physical examination. Abel is in the executive lobby of the Hilton Hotel. I just met this wealthy, veteran man. The reason the two met was because Abel wanted to buy back the MGM studio controlled by Kirk Kerkorian. One of the eight giants of Hollywood. MGM Films reached its peak in the hands of Kirk Kerkorian. even, It was also in the hands of Kirk Kerkorian, and now it looks like this. Of the eight major Hollywood companies, MGM is the only one that loses money every year. I held the company again for four years, and after another four years of serious losses. Plus some personal business needs. Kirk Kerkorian came up with the idea of ​​selling it for cash. At that moment Abel came to the door. Turns out Kirk Kerkorian was nearby so he crashed. Two people meet. Kirk Kerkorian wants to sell, Abel wants to buy. The agreement between the two should have gone smoothly. The reason last night's deal was not successful was because they could not agree on the price. Kirk Kerkorian insisted on selling MGM Movies for $6 or $10 a share. Abel disagrees. He made this point based on MGM's current situation. The price of both plans is at most $3 to $6 per share. The total registered capital of MGM Films is approximately 245.83 million USD. If a stock is worth 6 yuan, the total value is about 1.475 billion US dollars. 1996, When Kirk Kerkorian bought the company for the third time, he spent $1.3 billion. If sold for $1.475 billion, Kerkorian would still make money at that price. In fact, as early as 1986-1990, Kirk Kerkorian did the same thing. In 1986, he bought MGM for a second time for $1.45 billion. In 1990, MGM was sold for $1.3 billion. Lost 150 million. This time, the amount was revised to 175 million USD. Even though the winning amount was very small, Kerkorian still felt happy. But in the end, both sides were still arguing over who should bear MGM's debt. Since MGM entered the business in the 1990s, the company has barely made much money. After many years of losses, foreign debt has reached very high levels. Kirk Kerkorian said that if Abel was willing to pay just $6, he would not be responsible for any outside debt. If Aberken paid $10, they would assume half of MGM's foreign debt. Find it, follow this plan. Kirk Kerkorian still made close to $100-200 million and sold out this Hollywood Big Eight mess. Of course, Abel did not agree so easily. He offered six dollars and accepted no outside debt. Or three dollars a share and take on all the foreign debt. The two had a serious conflict over this issue. In the end, the price was non-negotiable so we had to break up last night. Unexpectedly, Kirk Kerkorian returned to the hotel very early today. At this time, Abel stood up and went downstairs to continue meeting the rich old man. After Abel finished speaking, Charlize Theron took the elevator downstairs with him. I finally confirmed that the information she looked up on the computer last night was true. The Kerkorian that Abel wanted to meet was actually MGM boss Kirk Kerkorian. "Is MGM Films heavily in debt? Although she is a Hollywood insider, Charlize Theron is only a second-rate star in the industry. In Charlize Theron's eyes, MGM is like a juggling machine. She really didn't know that this giant would fall into such a bad situation. In elevator, Last night her evening dress was torn and she couldn't wear it. Currently, Charlize Theron is wearing a simple, feminine outfit sent by Abel. He looks generous and dignified, handsome and sexy at the same time very youthful. . Um, she's still young. Charlize Theron was born in 1975 and just turned 25 this year. With proper care and natural beauty, he looks younger than a typical 25-year-old grand horse. " Very serious. MGM is currently worth between 1.4 billion and 1.5 billion USD. But the country's foreign debt is nearly 2 billion USD. » In the elevator, Abel put his hand on her waist, reached into her shirt, and caressed her delicate skin. Abel used his other hand to make a few gestures: "The amount of debt is greater than the value of the company itself. This makes the acquisition of MGM worth more than $3 billion. "In the entire United States, there are very few people willing and able to undertake such an enterprise." Feel the anger of someone's large hand on your skin. Charlize felt itchy and somewhat confused. She heard these numbers from Abel. This left her speechless. Well, it's a company worth over a billion dollars, or over three billion dollars. It made him feel like he had signed a contract with Abel this time. It looks like it was signed correctly. Soon, the two arrived at the executive lobby of this Hilton hotel. Kirk Kerkorian has turned eighty-three this year but is still in good spirits. Wait Abel. After seeing Abel reappear today, next to a beautiful girl like Charlize Theron. The old man sent someone to see Abel. Later, the old man who was active in the investment world in the 1980s and was compared to Buffett said: "Oh ~ it's good to be young. When I first bought MGM, just like you now, there was a different beautiful female star every day." "It's been 30 years, I'm over 50 now. It was a wonderful moment. "Later, when I felt helpless, I sold MGM." "Buying later is a pure investment and a good trade." Kirk Kerkorian has a humorous and fun personality, and it seems like everyone in the video game industry has a little bit of that personality. Last night, Abel felt old and disrespectful in his words. This guy from a poor background is fundamentally different from the wealthier people Abel has met before. Seeing him say that, Abel pulled a somewhat cautious Charlize to sit opposite Kirk Kerkorian. "Mr. Kerkorian. When you were young like me, you couldn't be around the most beautiful people in Hollywood like me." "I'm only twenty now," Abel said. When you're twenty years old, it seems like you're still learning to fly a plane, right? Kirk Kerkorian curled his lips and muttered: "People who don't know how to be young must respect the old!" Because Abel is right, Kirk Kerkorian really started making a fortune around the age of forty! "GOOD." "Mr. Kerkorian," Abel repeated. Let's change the subject to MGM." When it comes to business, Kirk Kerkorian also takes it very seriously. The old man looked at Abel, smiled and said: "Last night you came to see me, today I also come to see you. For 9 dollars, do you want to bear half of the foreign debt?" $9 a share? Abe did a quick conversion and found that the amount was closer to $2.21 billion. If you add half of the foreign debt, it will cost nearly 3.2 billion USD. 3.2 billion USD, becoming the host of one of the 8 best Hollywood movies. I don't think it's a bad deal. Finally, the foreign debt of about $1 billion does not need to be repaid immediately. As long as interest is paid, it is not due. MGM probably still has debt so it can borrow so much money. As for Kirk Kerkorian, if he sells at that price. What Kirk Kerkorian could actually get is about $1.2 billion more. in other words, This time, Kirk Kerkorian will lose about $100 million in the MGM business. last night, Abe then came up with the idea of ​​selling MGM for $10 a share. Throw it at Smith Capital and let the company's traders and analysts analyze whether this price is profitable or not. Wall Street analysts generally believe this is not a bad deal. MGM owns a large number of copyrighted IP and a movie library worth more than 1 billion USD. At the same time, it also has many other fixed assets. Such as the company headquarters building, studio and various filming tools and locations. It also has strong cinematic brand value as well as strong distribution capabilities in Hollywood's top eight divisions. This is why she loses money every year, but she can always borrow money to continue losing money. The reason why debt ratios have been so exaggerated may still be effective. This is always calculated from a Wall Street perspective. If it were from Hollywood's perspective, it would probably be worth more than that. For ten dollars, Abel agreed in his heart last night. It's just that he still wants to make a decision and lower the purchase price. After all, it's a huge company worth more than $3 billion, almost half of his current net worth. It's just that Kirk Kerkorian here is even more worried. It was Kerkorian who proactively lowered the price. "9$. » Abel pretended to think: "That means I will pay almost 2.2 billion dollars. Will I have to shoulder about a billion USD in foreign debt? » Kirk Kerkorian nodded. Charlize sitting next to her was now more nervous than the two negotiators. Where have you seen these trade negotiations worth billions or billions of dollars? Even if she just heard it now, it still makes her extremely excited. It was as if she herself was participating, as if she herself had become one of the members of this trade negotiation. This sometimes makes her seem more dependent on Abel. "How about eight dollars?" » Abel tries to lower the price one last time. "ARE NOT." Kirk Kerkorian immediately refused: "Minimum 9 USD. This is my final sincerity and final result. » Kirk Kerkorian would want to say the same thing if he didn't need so much money lately. And last night Abel said he could pay in cash. Kirk Kerkorian will not be available today. Almost six months. Kirk Kerkorian recalls a project he worked on with Chrysler and Mercedes-Benz in the early and mid-1990s. As predicted a few years ago, the entire process generated a profit of $2.7 billion. Although it took nearly 6 years, it was the largest amount of money he earned in one investment. This time he saw an opportunity. He wanted to replicate his investments in Chrysler and Mercedes-Benz within the General Motors group. The plan is half completed. Kerkorian acquired a large number of General Motors shares in the primary and secondary markets. Halfway through his plan, he suddenly discovered that there were many random players on the shopping street. Kirk Kerkorian discovered that many on Wall Street viewed him with ambivalence. Here's what Kirk Kerkorian did after his latest investment. Wall Street is very sensitive, this time someone on Wall Street also wants to drink soup with him. Kirk Kerkorian needs to make sure his cash flow is stronger to avoid being robbed and harassed in the middle. Kirk Kerkorian, who refused to give up, started raising a lot of money. Due to special circumstances, he did not dare to approach banks and financial companies. Because these guys will probably lend him money with one hand and try to get it back with the other. Don't overestimate Wall Street's behavior, or Wall Street's behavior wouldn't exist. Kirk Kerkorian took his ideas to his own property. Among them, MGM, which loses money every year but is still very popular in the market, became its first sales target. A few months ago there were rumors that he was selling MGM movies. Many people came to inquire, but when they learned that Kirk Cokery's security guard wanted money. They shook their heads and left. There are over two billion US dollars in cash and very few people can withdraw it. In addition, MGM had a huge foreign debt. Right away, Abel, arriving in Los Angeles, heard this news. Abel was a little emotional so he came to find him. And Kirk Kerkorian learned about it through certain channels. The rich boy's treasure in front of him can be said to be the strongest among the few people in America. last night, Abel also said on the spot that all payments could be made in cash. This is the most important thing for Kerkorian. It's just that the price of the tracker is non-negotiable. Upon his return, Abel asked Smith Capital to analyze whether the operation was worthwhile or not. After Kirk Kerkorian returned, he was busy. He is also looking for sources of information. In these sources, he reconfirmed Abel's ability to pay in cash. This is why Kirk Kerkorian proactively returned to Abel today. Simply put, Kirk Kerkorian was willing to lose one or two hundred million dollars and sell MGM. But he needs liquidity and this transaction must be done entirely in cash. to support its investment in General Motors. It's just that no matter how low the price is, the loss will be larger. Kirk Kerkorian disagrees. The old man bit off nine dollars and refused to let go. Abel could also see that his attitude was very determined. $9 per share, less than the estimated cost of $10, or $240 million less. Psychologically, Abel no longer objects to this price. He pretended to think for a few more minutes under Kirk Kerkorian's attentive gaze. Enter Charlize's somewhat muffled breathing. Abel suddenly smiled, stood up, and held out his hand to Kirk Kerkorian in front of him. "Good cooperation, Mr. Kerkorian. Congratulations, you have more balls, the opportunity to make money in other markets is even greater! Abel's earlier comments made Kirk Kerkorian laugh. The next words surprised Kirk Kerkorian. Kirk Kerkorian stood up, shook Abel's hand, smiled bitterly and said: "It seems like on the East Coast a lot of people know what to do? Even young Abel knew this, and Kirk Kerkorian had no doubts about his own judgment. After shaking hands and letting go, Abel smiled and said: "Primarily Mr. Kerkorian, his investments in Mercedes-Dayham and Chrysler have been very successful. That's what makes it so attractive. Remember, Abel is now also a Wall Streeter and a central figure. To a certain extent, he was followed and even appreciated by the giants. Can also be considered one of the giants of Hollywood. On Wall Street, few secrets could be kept from him. Unless he doesn't care. Or maybe it's about him. Last night during communication with David and Smith Capital. He discovered Kirk Kerkorian thanks to David. He now has a better understanding of Kirk Kerkorian's situation. But what Abel doesn't know is that this time it's a deal with Kirk Kerkorian. Throughout time and space, those harassed by Wall Street don't really get all the credit. That's just harassment. Kirk Kerkorian, parallel in time and space, still earned about $700 million from this investment. Then Kirk Kerkorian in Parallel Time and Space, in 2009, wanted to close. After Chrysler, Mercedes-Benz, Daimler and General Motors. Given time and space, Kirk Kerkorian focused on Ford in 2009. This guy probably really likes car companies and has an inseparable relationship with them. As a result, Kirk Kerkorian failed completely the third time after the first two times were both profitable. I made no money and lost over a billion dollars. I chased geese all day but ended up being pecked by geese. These are things Abel is not clear about. Now he just wants to put this historical drama into Kerkorian's hands! MGM Movies! Even though there is inventory and high prices, he doesn't want to leave. Above all, it was too sudden. Before coming to Los Angeles, he really didn't know Kirk Kerkorian wanted to sell MGM. This time, David Jones learned the news when he arrived in Los Angeles after arriving here. David then told him about the boss and Abel was very moved when he heard this. He tried to contact Kirk Kerkorian. Contrary to all expectations, the latter also knew more or less about his work on Wall Street. I got in touch last night. After the first contact last night, today's contact has arrived. and Abel spent huge amounts of money and prepared to buy MGM. Compared to the previous clear target, the acquisition of Abel this time. Really a coincidence and whim. Such coincidences are also very common in shopping malls. Business opportunities are hidden everywhere. A businessman who finds a natural owner can get rich. (end of this chapter)