At the subsequent press conference, in response to the acquisition of 21st Century Fox, a Bluestar Technology spokesperson revealed that the company is still waiting for regulatory approvals from a few countries, but refused to disclose the specific countries.

Judging from the information that has been disclosed, the EU approval is particularly eye-catching because there are no conditions attached.

In contrast, Bluestar Technology has been surprisingly smooth. In the past year or two, Disney has undergone quotations, negotiations, bids, price increases, and regulatory reviews in more than a dozen countries for the acquisition of 21st Century Fox. .

The Union League has also approved it, but it is conditional. Disney needs to commit to stripping off the company’s rights in factual television channels in the European Economic Area, including History and Lifetime channels, in order to avoid acquiring Disney The assets of Fox in the 21st century hinder competition in the future.

But the unconditional approval of Bluestar Technology is a green light.

In the 21st century, Fox is a North American company. The reason why it needs the approval of the regulatory agencies of other countries is that there are a large number of businesses in other people’s markets. M&As may trigger monopolies in the local market and potentially disrupt market-oriented fair competition. Different markets have different levels of risk leading to potential monopolies, and naturally the approval conditions given by overseas regulatory agencies are also different.

If the local market regulators do not approve the approval, the forced merger will lose the local market, which will inevitably bring resistance to the merger.

However, anyone with a discerning eye can see that the Assassins made a PY transaction and said that they were unconditionally approved. There are no conditions in the film and television sector because the conditions are in other sectors.

The forefoot C?te d’Azur and Bluestar Technology have spent more than 20 billion euros down, and the back heel announced unconditional approval, and the performance was not performed. This is obviously an indirect response to the unhappy North America and should understand the baby. If I repair the energy pipeline and let you buy and sell, I will get better with your rival, better than before...

When global investors saw Luo Sheng's end, a group of capital soon followed. Although they knew that this was a PY transaction between the two sides, and whether the European economy would be better or not, the money had to find a place to stay. , Now there is Luo Sheng's pocket, if you hesitate, then lie down.

....

The next day, video conference.

"The League of Nations has unconditionally approved, and several other big box office markets have also been approved, and now it is the last major obstacle to North America. The acquisition of the entertainment assets of 21st Century Fox was officially submitted to the North American judicial system yesterday. Department." Zhang Bowen is reporting to Luo Sheng the recent progress of the major merger and acquisition.

Luo Sheng nodded with satisfaction: "Well, the potential external instability factors have been leveled out by lightning, and we will try our best to launch a general attack against this last obstacle."

Zhang Bowen continued: "There was still a bit of accident. There was news from North America. Universal Pictures’ parent company Comcast Telecom also joined the merger and spoiled the merger and gave an offer of $85 billion. The price we gave is still a lot higher."

Hearing the news, Luo Sheng couldn't help but cursed and said: "Ma De, this is obviously raising the price on the ground and deliberately raising the cost... and Murdoch is also a Goubi."

Zhang Bowen nodded and said: "Yes, no matter from which point of view, Comcast Telecom can't really buy Fox."

At&t’s acquisition of Time Warner was officially approved that year, which directly led to a surge in media stock prices. Now the overall value of Fox in the 21st century is also rising. The stock price has soared by about 12% in these two days, and the total market value has climbed to 28 billion US dollars.

Luo Sheng thought about it for a moment, and said swiftly: "Our bottom line is 100 billion U.S. dollars. After this line, we will give up the acquisition. The premium is too high. This transaction is not worthwhile. Revaluate Fox's assets. Murdoch talked that 55 billion US dollars can be paid in the form of shares of Bluestar Pictures, and the remaining assets can become debts of the parent company Bluestar Technology, but Murdoch must withdraw so that his son can get Bluestar. A seat on the board of directors of the film industry can do both, but it cannot affect the parent company’s right to speak with Bluestar Pictures."

Zhang Bowen said: "Then Disney..."

Luo Sheng said in a deep voice: "At this poker table, Disney is no longer the main player. It's just a fight of words. If we can't afford it, Disney won't be able to swallow it anymore. North America will definitely obstruct it in every possible way. Pass, but Murdoch is not stupid. He wants to sell at a high premium. We can give him a relatively high valuation and let him become a major shareholder of Bluestar Pictures. As long as he gives up control, he will be indispensable in the entertainment industry in the future. Eat one bite of meat."

"In the future, it is not impossible for Bluestar Pictures to be separated and listed separately, but Murdoch wants to eat big meat and count money in the future. He must actively promote the success of this merger and acquisition. It should be promoted. This is in line with his interests. , Just too greedy."

The 21st Century Fox M&A is regarded as a "M&A of the Century" case. The trouble is certain, but Luo Sheng has not paid too much attention to it. Since the rise of the company, the debts and debts have been in a pot of gruel, big and small troubles, and he has long been used to it.

Zhang Bowen nodded and replied: "I understand, I will arrange it after the meeting."

Luo Sheng added: “Prepare with both hands. Our own streaming media channel advantages must be fully utilized. The popularity of "Wandering Earth" has brought a good start to the company’s biggest goal, occupying the commanding heights of cultural output. Do the content."

After the video conference ended, Luo Sheng went to the blue coast to inspect the production capacity of Dabai robots, and the cultural industry layout of Bluestar Technology is also accelerating.

The global headquarters of "Wandering Earth" has successfully surpassed 800 million U.S. dollars, and temporarily won the top position of the box office in 2019. However, there are many strong films released this year. Bluestar Marvel and Sony’s "Spider-Man: Heroes" Blockbuster movies such as Expedition, Disney's Frozen 2, and the blockbuster finale "Avengers: Endgame" were released.

However, "Wandering Earth" won the top ten box office movies of 2019. It is not a big problem. The most terrifying part of UU reading is such explosive results. 90% of the box office contribution comes from the single market of the Greater China market.

The explosive results of "Wandering Earth" actually gave Bluestar Technology a great say in the acquisition of 21st Century Fox. Of course, it is not the movie itself, but the box office appeal of the Greater China market. It has been verified by "Wandering Earth" again. Up.

The Greater China market is a huge box office that the major Hollywood movie giants cannot lose. This is the bargaining chip.

In the coming days, Bluestar Technology is actively promoting the acquisition of 21st Century Fox, on the other hand, Bluestar Pictures is also actively promoting content production plans.

As the first domestic sci-fi IP "Three Body" series, the film and television was officially put on the agenda, and it has become the most important new project of Bluestar Pictures. Even the leaders of the Ministry of Culture attach great importance to this project.

Movies, TV series, and cartoons go hand in hand. If you have money, you dare to fight on multiple lines.

Since winning the Hugo Award for "Three-Body", it has become a best-selling science fiction masterpiece worldwide. If "Wandering Earth" is the touchstone of Bluestar Technology's film and television culture strategy, then "Three-Body" is the absolute main force.

Nowadays, "Wandering Earth" is still in theaters, and Bluestar Pictures has already announced the establishment of the "Three-Body" project at a high point, causing a huge sensation in the domestic film and television circles for a while.

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