Chapter 899: Sudden Invitation

'Guys, this is the situation. What do you think?'

In the CAA conference room, Michael Ovitz told the five partners what Xia Yu had said to him, then shrugged and looked around at their faces.

Martin Baum and Mike Rosenfeld looked at each other, a little overwhelmed, but they all felt the same thing: immense pressure.

After a long moment, Martin Baum frowned and asked, 'Michael, are you sure they went to the William Morris agency?'

Michael Ovitz shook his head with a grim face and said, 'I only saw them heading in that direction, and I'm not sure if they went there or not, but they are indeed from Polaris Capital. You can take a detailed look at the information about Polaris Capital. They have the strength.'

'I'd rather believe that they do have this idea.'

It was only then that Martin Baum and the others focused their attention on the photocopies that had not yet been opened and carefully browsed through them.

For a while, the meeting room fell silent again.

Michael Owitz's gaze was a little distracted, wondering what he was thinking, but his furrowed brow and constantly changing expression showed his inner unease.

After about seven or eight minutes, everyone had finished reading the information in their hands, and Martin Baum no longer dwelled on whether what Xia Yu had said to Michael Owitz before leaving was true or not.

North Star Capital had assets of several billion dollars, which was a huge entity for them, and there was no need for the owner of such a company to lie to them.

And since the real boss had come out in person, it proved that Polaris Capital attached great importance to the brokerage field. CAA had only two options.

One was to accept the investment. The benefits were obvious. CAA could instantly become rich, but their equity would shrink.

The other was to become enemies, but the outcome was hard to predict. It was hard to guarantee that they would not be deliberately targeted and suppressed. If that really happened, CAA definitely could not withstand it.

What should they choose?

Martin Baum actually already had an answer in his heart, but he just wanted to know what everyone thought.

Feeling that he had not heard the sound of pages turning for a long time, Michael Owitz came back to his senses, glanced around at everyone's faces, and said, 'You've all finished reading the information, so let's get back to the topic we were discussing earlier. What should we do?'

'Should we accept the investment or not?'

The other five people looked at each other, all hoping that someone else would speak first.

This dragging on was not a good idea, so Michael Owitz directly called out a name, looking at Ron Meyer, who was sitting to the left, and said, 'Ron, what do you think?'

Ron Meyer thought for a moment and said, 'In fact, after five years of development, our company is on the right track, but the shortcomings are also very obvious. All of us here have climbed up from the bottom, without the support of capital behind us. At present, the development of the company has slowed down.'

'Moreover, as the company grows bigger, it will also attract the attention of giants in the same field, and the pressure will become greater and greater. Not to mention that we are already being eyed by capital. There are only two options. Therefore, I think that accepting investment is the best choice.'

'That's my opinion.'

With that, Ron Meyer shrugged his shoulders, leaned back in his chair, and looked at the others.

Michael Owitz looked at Mike Rosenfeld again and asked, 'Mike, what do you think?'

Mike Rosenfeld said with a wry smile, 'Michael, do we have a choice? If Polaris Capital does not invest in us and really acquires William Morris Brokerage, then our future will be very difficult. The only way out is to find a backer that is not inferior to Polaris Capital to counterbalance it, but at that time we will lose more initiative, and the outcome will be the same, and it will be even worse.'

'Since we cannot escape being taken over by capital, then why don't we seize some initiative?'

Everyone was silent, agreeing with Michael Rosenfeld's analysis in their hearts.

Michael Owitz, like, did not express his opinion, and looked at William Harb again: 'William, what do you think?'

...

After a while, there was no doubt that everyone thought accepting the investment from Polaris Capital was the best outcome.

Michael Owitz had mixed feelings, not sure whether to feel relieved or disappointed.

He gathered his emotions and said to the group, 'Since everyone agrees to accept the investment, let's discuss the specific matters.'

Three days later.

Xia Yu returned to CAA with a complete acquisition team, including Gordon Simpson. Michael Ovitz and the other five people all stood side by side in the doorway to welcome his arrival.

After a while of exchanging pleasantries, everyone went to the meeting room to start the negotiations.

Michael Ovitz and the others had already been at a disadvantage from the moment they agreed, but they had not given up hope of getting a better deal.

Xia Yu's side, on the other hand, had a good grasp of the situation and, although aggressive at times, maintained a certain degree of restraint.

CAA's success was inseparable from Michael Ovitz and the others, so the future of the partnership was still very long. Xia Yu also did not want to increase the risk of the partnership just to save a few million dollars.

After an hour of negotiations, the bottom lines of the two sides finally overlapped, and the negotiations were settled in one go.

Xia Yu gave CAA a high valuation of 40 million US dollars, and Polaris Capital invested 38.4 million US dollars in CAA for its expansion.

In the original CAA's shareholding structure, Michael Ovitz held 25% of the shares, and the remaining five people each held 15%.

After the capital injection, CAA's shareholding structure was as follows: Polaris Capital held 49%, Michael Ovitz held 12.75%, and the other five people held 7.65%.

As long as the six of them are united, the control of CAA will remain in their hands.

Of course, the agreement also stipulates that Polaris Capital has the right of first refusal to buy the shares of the six of them, and the six of them also have the right of first refusal to buy the shares of CAA owned by Polaris Capital.

Finally, there is the personnel and remuneration system of the company.

There will be no personnel changes, and Michael Ovitz will remain president.

However, Michael Ovitz's annual salary was raised from 300,000 to 500,000 US dollars, and the salaries of the others also rose a bit, reaching 400,000 US dollars.

...

After the contract was signed, Xia Yu, with a kind smile on his face, shook Michael Ovitz's hand and said, 'The funds will be fully transferred to the company's account within three days.'

'From now on, we are family, and there are some things I can tell you in advance.'

'North Star Capital will make a big impact in the film industry. It is currently acquiring the eight major studios and will also be involved in other entertainment fields in the future. At that time, the business will all be owned by CAA.'

'At present, I have a script and plan to invest more than 20 million US dollars to film a test after acquiring the film company. At that time, the actors' agency contracts will all be owned by CAA.'

'However, before that, you have to find a way to help me contact Steven Spielberg. He needs to film this movie.'

The series of bombs thrown by Xia Yu left Michael Ovitz and the others a little dazed. When they reacted, they couldn't help but feel surprised, and they sincerely felt that they would not lose out by accepting the investment from Polaris Capital.

He immediately seized the opportunity and said, 'Mr. Xia, I will immediately begin to expand the company. As for director Steven Spielberg, he was in Hawaii last month filming Raiders of the Lost Ark, which was co-produced by Paramount and Lucasfilm. It should be almost finished now. I will contact him first.'

Xia Yu nodded slightly and said, 'Well, the final draft of the script has been perfected and registered. I'll have someone send it to you tomorrow. You find an opportunity to give it to Steven Spielberg, and if he's willing to make it, you let me know.'

'Okay.'

...

Afterwards, Michael Ovitz called a meeting of all the company's employees and announced to everyone that CAA had accepted a capital injection from Polaris Capital. All the employees were overjoyed.

Backed by the capital giant, CAA has solved its biggest shortcoming and its future will be brighter.

After Xia Yu stationed personnel to supervise CAA, he left the company in the hands of Michael Ovitz and others.

With his help, CAA will rise even faster in this life than it did in the previous one.

In the following days, Xia Yu did not interfere with other acquisitions, but rather sorted through various investments in the company and did a good job of gatekeeping.

On this day, November 25th, an exquisite and elegant invitation was presented to Xia Yu, who was prepared to go without further ado.