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Chapter 559 The Rising Media Empire(1/3)

Li Ka-shing shook his head helplessly, "What's the point of discussing? It's just a notification."

"I can't think of a reason why you wouldn't agree. Isn't this a good deal?"

Facing his son's question, Li Ka-shing opened his mouth, but had nothing to say.

Is it a good deal to sell satellite TV for 2 billion?

Of course it's a good deal!

A net profit of HK$1 billion in half a year is considered a first-class investment benefit even within a top consortium in Hong Kong like Hutchison Whampoa.

This Mrs. Lin is really good at it!

A complex emotion arose in Li Ka-shing's heart. The Li family and the Lin family lived together in a villa complex in Deep Water Bay, and they were both wealthy families. According to Chinese people's habits, the two families should have frequent interactions.

However, the Lin family has lived in Deep Water Bay for two years, but they have kept a low profile and rarely interacted with their neighbors.

The Lin family's style is not only reflected in their interactions with neighbors, but also in shopping malls. The big families in Xiangjiang often have marriages, cooperation, and joint operations. Over the years, they have become intertwined with each other.

But Lin is a special case. Most of the time he lives in seclusion, like a lone wolf in the shopping mall, but he always achieves unexpected results.

In just five or six years, he had accumulated tens of billions of assets. Every step was calculated so clearly that even he could not help but marvel.

His youngest son has acted boldly since he was a child, advocating speculation in his heart. This time Tao Yushu approached his youngest son and made a move of 2 billion, which was extremely precise and decisive.

Not only did he grasp the character shortcomings of Ikuko, but he also grasped his mentality of proving himself and the internal divisions of the Li family.

Li Ka-shing even guessed that Tao Yushu did not look for his younger son in private, but showed up at the Hutchison Whampoa Center. He was also calculating his son's vanity, knowing that he was eager to show his presence within Hutchison Whampoa.

Thinking of this, he looked at his proud and proud son in front of him, and an ancient poem popped up in his mind.

Giving birth to a son should be like Sun Zhongmou!

"Dad!" Seeing that his father had not spoken for a long time, Li Zekai couldn't help but urge him.

Li Ka-shing came back to his senses, looked at his younger son with complicated eyes, and said seriously: "You haven't listened to me since you were 7 years old, let alone you are about to be 27 now."

Hearing this, Li Zekai was overjoyed, "So you agree?"

Li Ka-shing put away the disappointment in his heart and said: "It's okay to sell the TV station. The money you borrowed from me must be returned immediately. You have also made your first pot of gold. In the future, you can start your own business. I will not help you with the money."

Li Zekai said loudly: "No problem, it's settled!"

Friday, August 16, 1991.

Hong Kong is already a busy scene in the early morning. The streets are busy with traffic, pedestrians are rushing on the road, and the office buildings are full of people. The Ming Pao Building in North Point is as busy as usual.

Suddenly, a burst of surprise erupted in the cubicle.

"Have you watched the news? Have you watched the news?"

The young editor looked shocked and yelled at his colleagues who had just arrived at the company.

Xu Aiyi, who was passing by, frowned when she saw this, "Aguang, what are you making all the fuss about? We are in the news business, and the more serious news there is, the more calm we have to be!"

She is the printing supervisor of "Ming Pao". Her duty is to supervise the publication of the newspaper. In terms of responsibilities, she is no different from a legal person. She bears all legal responsibilities and holds a high position in the company.

Hearing her scolding, the young man called A Guang shrank his neck and closed his mouth.

Xu Aiyi asked: "What big news happened?"

Ah Guang handed over the newspaper in his hand, "Look, the Hong Kong Economic Journal said that we want to acquire Hutchison Whampoa's satellite TV!"

Um?

What is this mess?

Xu Aiyi felt confused when she heard this. Ming Pao or Ming Pao Enterprises couldn't compete with Hutchison Whampoa, and they didn't have a TV business, so why buy a TV station?

But when she saw the content in the newspaper, her face suddenly became serious.

Ming Pao Enterprises offers 2 billion to acquire satellite TV?

The news in the Hong Kong Economic Journal was so good that even Xu Moiyi couldn't help but become suspicious, but she was also a senior manager of the Ming Pao Group, so there was no reason for her not to know such big news.

Besides, Ming Pao Enterprise itself is engaged in news. If it really wants to acquire satellite TV, will such a big news get the attention of the Hong Kong Economic Journal?

It is estimated that 80% of it is a piece of gossip that the Hong Kong Economic Journal got from somewhere and dared to publish it in the newspaper without any verification.

Competition in the newspaper industry has become increasingly fierce in the past two years. It is not easy for everyone to fight for headlines and sales!

Just as Xu Aiyi was sighing, she saw Jin Yong coming down from the elevator.

"Mr. Cha!"

There were calls of hello in the office, and Jin Yong nodded in response.

Although the control of Mingpao Enterprise is now in the hands of Tao Yushu, at the time of the acquisition, Jin Yong and Tao Yushu reached a gentleman's agreement.

He will continue to serve as the nominal chairman of Ming Pao Enterprises for three years to help stabilize military morale within the company.

Therefore, he still comes to the company every day, but he no longer does a lot of work personally.

Passing by Xu Aiyi, Jin Yong greeted her and was about to enter the office when Xu Aiyi stopped him.

"What's wrong?"

Walking into the office, Jin Yong asked Xu Aiyi who followed him.

"The Hong Kong Economic Journal reported that we intend to acquire Hutchison Whampoa Satellite TV."

Jin Yong took off his coat and hung it on the hanger, "What about this..."

"We haven't negotiated yet—"

Before Jin Yong could continue, Xu Aiyi asked eagerly: "Really want to acquire it? Why is there no news at all? Or did the Hong Kong Economic Journal get the news first? We are also in the news business ourselves!"

Her blame was palpable, but Jin Yong didn't care. The two had been colleagues for more than 30 years.

"You misunderstood. It was not an acquisition by us, but a joint acquisition by us and Lin's Pictures, with Lin taking the lead."

"ah!"

The short cry was full of surprise, fully explaining Xu Aiyi's surprise at this moment.

"Lin's company is the main one? TV is a news media. If it wants to acquire it, we should be the main one."

Jin Yong smiled. In fact, he had the same reaction when he heard Tao Yushu talk about this decision. But after Tao Yushu explained it, he understood.

"Television is a media, but it not only has news attributes, but is also a cultural industry.

Our Ming Pao company focuses on news, how many TV talents can you find?"

Hearing this, Xu Aiyi was speechless.

As the saying goes, there are specialties in the art industry. Ming Pao Company produces newspapers and periodicals, and it is also true that TV stations have news programs or news stations. However, a TV station cannot only have news content.

For most TV stations, the proportion of news content is not high.

On the contrary, Lin's Pictures, because it started out as a film company, has a certain compatibility with the TV content industry. It is easier to acquire and operate.

Even if we want to do news in the future, the worst case scenario is that some talents can be transferred internally from Mingpao Enterprise.

With Jin Yong's advice, Xu Aiyi suddenly figured out the key to the problem.

"So that's it."

Jin Yong said: "Originally, this matter was still under discussion. I guess the Hong Kong Economic Journal got some information from Hutchison Whampoa and reported it impatiently."

Xu Aiyi nodded, "Then we should wait for the news from Mrs. Lin, so as to——"

Before she finished speaking, the phone rang and Jin Yong picked up the phone.

Two minutes later, Jin Yong put down the phone.

"It's decided that the board of directors and shareholders' meetings will be held in the afternoon.

At the end of the meeting, a joint announcement was issued, and Lin’s side prepared documents. Both companies will be suspended from trading in the next few days.”

Xu Aiyi was surprised at the efficiency of Lam Films. The Hong Kong Economic Journal had just released the news, and the negotiations over there were over?

She asked curiously: "How much did it cost? Is it a full acquisition?"

"It cost 2.1 billion, cash, and we paid 500 million."

"Hiss~"

Xu Aiyi couldn't help but exclaimed, this is 2.1 billion Hong Kong dollars!

As expected, it’s Mrs. Lin who always makes big moves!

The key is cash acquisition. Not even blue-chip companies can afford such a large sum of money.

It's a pity that the entire acquisition has little to do with Mingpao Enterprise. The middle and senior management of Mingpao Enterprise didn't even know the news. They only got the information from competitors.

After all, he is not his confidant, Xu Aiyi thought with some resentment in her heart.

Perhaps seeing what she was thinking, Jin Yong comforted him: "Acquisition negotiations are originally a matter of confidentiality. Mrs. Lin has informed me of this matter in advance. The group has transferred three people, and I asked them to keep it secret!"

"

"The success of this acquisition has both advantages and disadvantages for Ming Pao. It not only expands the business scope, but also has great benefits in the selection, training and flow of talents."

Jin Yong spoke very highly of this acquisition. When he asked Ming Pao Group how many times it had selected a successor, wasn't it just to find someone who could make Ming Pao Group develop in a big way?
To be continued...
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