Chapter 546: 546
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Denise entertainment is the biggest winner of this year's Oscars, but Simon just spent an hour at melisandro's party and left quietly.
Just like a scientist who has won the Nobel Prize, he is doomed not to be excited about a little red flower in the kindergarten.
Over the years, from Sundance to Cannes to the Oscars, Simon has accumulated enough honors in films. What's more, with Simon's height, it's hard for him to get too much attention from Oscar.
The next day there was the usual clamor in the media.
However, this time, there is not much controversy about the awards of danielis entertainment related films.
Among the five best picture nominees, unforgivable is the best film in the original time and space. As an old-fashioned western, the competition is far from as strong as expected, and the other three are just a foil. Therefore, under the strong public relations offensive of danielis entertainment, it's easy to win the best film, little golden man.
Al Pacino's best actor is even more worthy.
This Hollywood superstar, who rose in the 1970s, has been nominated for six Oscars by the end of "smell and know women".
Other awards have not caused much disturbance either.
The media even regretted that Denise Entertainment's other two outstanding films, Howard manor and crying game, only won a few non core awards.
Of course, even if it's hard to cause too many waves in Simon's mind, a series of Oscar Awards will bring real honor and benefits to danielis entertainment.
After the Oscars, time soon turned to April.
On the other side of Europe, melisandro's acquisition of Christie's auction house was officially exposed.
The British media generally showed a kind of resistance to this incident, believing that Christie's is a symbolic company representing the historical status of Britain in the field of art collection and should not be sold to foreign investors. Some fierce media people even petitioned the British government to ban this transaction.
However, in the face of capital, the power of media public opinion is weak.
What's more, the British public's reaction to this incident is more inclined to a spectator mentality: Christie's, which is prone to auction tens of millions of pounds worth of collections, is a little far away from them.
After the sterling crisis last year, the British economy fell into a downturn, and many investors also tend to cash out Christie's shares to increase their cash reserves.
As a result, the deal was quickly approved by a shareholder vote.
Melisandro company successfully received Christie's, but in North America, igritte's financing plan is not so smooth.
In a word, if you just want to raise money, as Joseph Lewis did, there are a lot of investors who almost do not intend to reduce the price and are willing to eat 10% of igritte's shares at once.
However, the purpose of this financing is not too simple.
After Morgan Stanley and Goldman Sachs showed their clear investment intention, igritte put forward two financing plans of 5% each, which only caused the dissatisfaction of the two Wall Street investment banks.
Ten percent of igritte's shares are priced at US $1.5 billion, which ordinary investors can't afford. However, for the two wall street giants, they can still afford to raise money.
As we all know, with the development momentum of igritte at this time, US $1.5 billion and 10% shares are really not expensive.
Buy it now and wait for igritte's IPO. With the current capital market's pursuit of technology stocks, it is expected to get at least twice the return.
Cisco and AOL are the best proof.
Now, the 10% share of equity transfer is not high, and it needs to be split into two to share with others. Of course, the two major investment banks are not satisfied.
However, after several days of negotiation, Simon westero obviously did not mean to give in.
Moreover, the differences between the two sides are not limited to that.
The 10% shares sold by igritte are class A shares with only one tenth of the voting rights. If the two investment banks get these shares, they will not only get one percent of the voting rights of igritte, but also have no seats on the board of directors.
In other words, the two investment banks still have no say in igritte after investing 1.5 billion US dollars.
It's also hard for Goldman Sachs and Morgan Stanley, which have always been strong, to tolerate.
Simon did not give in to the dual ownership structure. However, after negotiation, Simon also agreed that Goldman Sachs and Morgan Stanley would each get a seat on the board of directors after igritte's IPO.
Before that, because igrit was still a completely private company, there was no board of directors for the time being.
After several discussions, the two sides reluctantly reached an agreement in this regard.
Then came the problem of the $1.5 billion fund itself.
For this money, the initial scheme provided by igritte company, 500 million US dollars as financing will be transferred to igritte company's account for igritte's own development, and another billion US dollars will belong to westero company, which can be regarded as the proceeds from the sale of 10% equity.After all, it is quite accurate to say that Westeros sold 10% of igrit's shares in this equity transfer.
Of course, Goldman Sachs and Morgan Stanley will not agree.
Although $500 million is already a large sum of money, for igritte, if it is like the year before last, it may burn up in a year.
Once there is a shortage of funds, it is necessary to conduct another financing. At that time, whether it is equity financing or bond financing, the cost will be shared by Goldman Sachs and Morgan Stanley, which have become shareholders of igritte.
In the eyes of Goldman Sachs and Morgan Stanley, the best solution, of course, is to put all the 1.5 billion dollars into igritte's account.
However, for the two investment banks, westero's plan also makes sense.
One and a half billion dollars, after all, is a huge sum of money.
If it is the two investment banks themselves, of course, they will not be willing to spend all the money on igrit.
In fact, executives at Goldman Sachs and Morgan are wrong this time.
Simon did not intend to take a share of the huge sum of money directly. The reason why he proposed this distribution plan is just a bargaining chip.
The westrow system is not short of money.
This is one point.
On the other hand, if the proceeds from the sale of the billion dollars as shares are included in the account of Westeros, it will be subject to capital gains tax.
At the current federal tax rate of one billion dollars, we need to contribute 280 million dollars to the IRS.
Simon doesn't want to be a good citizen.
In contrast, he is more likely to get a loan from a bank if he really needs extra money.
The more you get to the top of the social pyramid, the more you can understand that you can go further only by spending other people's money on your own affairs.
The $1.5 billion this time is actually more than enough for igritte company. Igritte company itself has enough revenue scale to provide continuous capital for itself. Simon has no plan to increase igritte's efforts to burn money. On the contrary, after this financing, he will further strengthen the financial supervision of igritte company To avoid profligacy.
In this way, only the $1.5 billion will be enough for igritte to spend three to five years.
Considering the IPO in 1995, the company's cash reserves will be more abundant.
It's not a good thing not to spend too much money as soon as possible.
Fortunately, igritte already has its own venture capital department, Simon's plan. After the completion of this financing, igritte will greatly increase its foreign investment while developing itself, making itself one of the important venture capital funds in Silicon Valley.
Malibu, daenerys studios.
It's April 6, Tuesday.
In the morning, Pixar team on the second floor of the studio stayed for two hours, mainly watching the sample film of "Lion King". The production of Pixar's second 3D animation film has completed 80% of the progress. However, due to the cumbersome production process of animation film, the official completion of the film will be in August. Fortunately, the film is due at the end of the year, and August is not too late.
At noon with the female assistant to return to dumega manor for dinner.
After lunch, the female assistant's day's work is basically over and left by Janet. The two women plan to go shopping together. Simon returns to the studio, and girl a takes over her job.
"Boss, this is the memorandum of meeting between Vice President Al Gore and executives of major telecom companies that just came from Washington this morning."
The information superhighway project, of course, will not only pass a bill, but also need the federal government to take concrete measures to promote.
Simon has known in advance that the purpose of today's meeting between Vice President Al Gore and the leaders of major telecom companies is mainly to discuss how telecom companies increase investment in Internet industry infrastructure.
The leaders of Verizon Telecom and AOL of westrow system attended the meeting as nonvoting delegates.
Of the $400 billion investment in the information superhighway program over the past 20 years, the share directly funded by the federal finance is actually very small. Only this year, the federal finance actually allocated only $650 million for the information superhighway program.
Most of the investment should be made by private capital under the leadership of relevant federal information industry policies.
Four hundred billion US dollars in 20 years seems to be huge, but as long as it is profitable, the capital flowing into this industry is far more than that. In the memory of
Simon, two thousand years ago, when the Internet bubble was the most turbulent period, the capital invested in the new technology field was more than 70 billion dollars a year, which was not considered as a bigger capital of the peripheral technology stocks.
This time, AOL has proved in advance that the ISP industry has great potential. Even without the guidance of the federal government, the major telecom giants will strengthen their investment in new technology.
At today's meeting, Simon is most concerned about the tax incentives for new technology launched by the White House.Looking at the memo in his hand, Simon asked another question: "how's the negotiation going in New York?"
Alison shook her head: "there's no new news coming."
No news, no progress.
Simon is not in a hurry.
If Goldman Sachs and Morgan Stanley insist on not compromising, he will not have no other choice. After all, this transaction is a typical seller's market.
Big deal, 10% of the shares are sold to one of them.
Or choose another investment bank.
These days, with igritte becoming more and more dazzling, there are more troubles.
In a recent report, igritte has suffered 11 lawsuits in copyright, patent, monopoly, etc.
The biggest one came from a comprehensive lawsuit of Hurst group, claiming US $100 million on the ground that igrit company embezzled a large number of news, pictures and other contents of Hurst group.
Traditional media, obviously, have felt the threat of Internet media again.
As for this infringement lawsuit, it is basically the content uploaded by users themselves, even with obvious traces of human manipulation.
However, igritte has a plan for this situation.
Although the Internet haven act is still in the process of lobbying, the user terms of igritte company also have corresponding provisions. As long as the copyright owner confirms the content infringement, it can contact igritte company to take the initiative to delete it.
However, Hurst group did not do so. Instead, it directly initiated a lawsuit after collecting a large number of 'infringement' evidence.
At the same time, many newspapers of Hurst group are working at the same time, asking the federal government to strengthen the copyright protection in the field of Internet while developing the information industry.
At that time, the Hearst group once provoked the Spanish American war with its own strength, which shows the influence of this media giant on the federal public opinion.
Moreover, this lawsuit, in fact, is a counterattack of the traditional media against the new Internet media, trying to limit the development of the increasingly turbulent Internet media.
But this time, neither igritt nor the federal government can let Hurst take the lead.
After responding to the lawsuit, while using the media resources of the whole westero system to fight back, igritte quickly provided a large number of evidence of its own initiative to deal with infringing content, which is enough to prove that igritte attaches great importance to copyright protection, but the content volume of the Internet platform is too large, it is impossible to take the initiative to review all the content, if necessary Otherwise, the Internet industry will not continue to develop.
At the same time, the lawyer team of igritte pointed out that after confirming the content infringement, Hurst group did not contact igritte company to take the initiative to deal with it. Instead, it directly launched "blackmail".
After several confrontations between the two sides, even though they are controlled by a large number of media platforms, Hurst group is still obviously at a disadvantage.
Moreover, at the government level, the White House is not on the side of the Hearst group this time.
Bill Clinton is about to make full use of the Internet industry to revive the U.S. economy. Even if the Hurst group belongs to the democratic camp and has a bearing on its own political future, it will certainly not be allowed to jump out of the mess this time.
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Denise entertainment is the biggest winner of this year's Oscars, but Simon just spent an hour at melisandro's party and left quietly.
Just like a scientist who has won the Nobel Prize, he is doomed not to be excited about a little red flower in the kindergarten.
Over the years, from Sundance to Cannes to the Oscars, Simon has accumulated enough honors in films. What's more, with Simon's height, it's hard for him to get too much attention from Oscar.
The next day there was the usual clamor in the media.
However, this time, there is not much controversy about the awards of danielis entertainment related films.
Among the five best picture nominees, unforgivable is the best film in the original time and space. As an old-fashioned western, the competition is far from as strong as expected, and the other three are just a foil. Therefore, under the strong public relations offensive of danielis entertainment, it's easy to win the best film, little golden man.
Al Pacino's best actor is even more worthy.
This Hollywood superstar, who rose in the 1970s, has been nominated for six Oscars by the end of "smell and know women".
Other awards have not caused much disturbance either.
The media even regretted that Denise Entertainment's other two outstanding films, Howard manor and crying game, only won a few non core awards.
Of course, even if it's hard to cause too many waves in Simon's mind, a series of Oscar Awards will bring real honor and benefits to danielis entertainment.
After the Oscars, time soon turned to April.
On the other side of Europe, melisandro's acquisition of Christie's auction house was officially exposed.
The British media generally showed a kind of resistance to this incident, believing that Christie's is a symbolic company representing the historical status of Britain in the field of art collection and should not be sold to foreign investors. Some fierce media people even petitioned the British government to ban this transaction.
However, in the face of capital, the power of media public opinion is weak.
What's more, the British public's reaction to this incident is more inclined to a spectator mentality: Christie's, which is prone to auction tens of millions of pounds worth of collections, is a little far away from them.
After the sterling crisis last year, the British economy fell into a downturn, and many investors also tend to cash out Christie's shares to increase their cash reserves.
As a result, the deal was quickly approved by a shareholder vote.
Melisandro company successfully received Christie's, but in North America, igritte's financing plan is not so smooth.
In a word, if you just want to raise money, as Joseph Lewis did, there are a lot of investors who almost do not intend to reduce the price and are willing to eat 10% of igritte's shares at once.
However, the purpose of this financing is not too simple.
After Morgan Stanley and Goldman Sachs showed their clear investment intention, igritte put forward two financing plans of 5% each, which only caused the dissatisfaction of the two Wall Street investment banks.
Ten percent of igritte's shares are priced at US $1.5 billion, which ordinary investors can't afford. However, for the two wall street giants, they can still afford to raise money.
As we all know, with the development momentum of igritte at this time, US $1.5 billion and 10% shares are really not expensive.
Buy it now and wait for igritte's IPO. With the current capital market's pursuit of technology stocks, it is expected to get at least twice the return.
Cisco and AOL are the best proof.
Now, the 10% share of equity transfer is not high, and it needs to be split into two to share with others. Of course, the two major investment banks are not satisfied.
However, after several days of negotiation, Simon westero obviously did not mean to give in.
Moreover, the differences between the two sides are not limited to that.
The 10% shares sold by igritte are class A shares with only one tenth of the voting rights. If the two investment banks get these shares, they will not only get one percent of the voting rights of igritte, but also have no seats on the board of directors.
In other words, the two investment banks still have no say in igritte after investing 1.5 billion US dollars.
It's also hard for Goldman Sachs and Morgan Stanley, which have always been strong, to tolerate.
Simon did not give in to the dual ownership structure. However, after negotiation, Simon also agreed that Goldman Sachs and Morgan Stanley would each get a seat on the board of directors after igritte's IPO.
Before that, because igrit was still a completely private company, there was no board of directors for the time being.
After several discussions, the two sides reluctantly reached an agreement in this regard.
Then came the problem of the $1.5 billion fund itself.
For this money, the initial scheme provided by igritte company, 500 million US dollars as financing will be transferred to igritte company's account for igritte's own development, and another billion US dollars will belong to westero company, which can be regarded as the proceeds from the sale of 10% equity.After all, it is quite accurate to say that Westeros sold 10% of igrit's shares in this equity transfer.
Of course, Goldman Sachs and Morgan Stanley will not agree.
Although $500 million is already a large sum of money, for igritte, if it is like the year before last, it may burn up in a year.
Once there is a shortage of funds, it is necessary to conduct another financing. At that time, whether it is equity financing or bond financing, the cost will be shared by Goldman Sachs and Morgan Stanley, which have become shareholders of igritte.
In the eyes of Goldman Sachs and Morgan Stanley, the best solution, of course, is to put all the 1.5 billion dollars into igritte's account.
However, for the two investment banks, westero's plan also makes sense.
One and a half billion dollars, after all, is a huge sum of money.
If it is the two investment banks themselves, of course, they will not be willing to spend all the money on igrit.
In fact, executives at Goldman Sachs and Morgan are wrong this time.
Simon did not intend to take a share of the huge sum of money directly. The reason why he proposed this distribution plan is just a bargaining chip.
The westrow system is not short of money.
This is one point.
On the other hand, if the proceeds from the sale of the billion dollars as shares are included in the account of Westeros, it will be subject to capital gains tax.
At the current federal tax rate of one billion dollars, we need to contribute 280 million dollars to the IRS.
Simon doesn't want to be a good citizen.
In contrast, he is more likely to get a loan from a bank if he really needs extra money.
The more you get to the top of the social pyramid, the more you can understand that you can go further only by spending other people's money on your own affairs.
The $1.5 billion this time is actually more than enough for igritte company. Igritte company itself has enough revenue scale to provide continuous capital for itself. Simon has no plan to increase igritte's efforts to burn money. On the contrary, after this financing, he will further strengthen the financial supervision of igritte company To avoid profligacy.
In this way, only the $1.5 billion will be enough for igritte to spend three to five years.
Considering the IPO in 1995, the company's cash reserves will be more abundant.
It's not a good thing not to spend too much money as soon as possible.
Fortunately, igritte already has its own venture capital department, Simon's plan. After the completion of this financing, igritte will greatly increase its foreign investment while developing itself, making itself one of the important venture capital funds in Silicon Valley.
Malibu, daenerys studios.
It's April 6, Tuesday.
In the morning, Pixar team on the second floor of the studio stayed for two hours, mainly watching the sample film of "Lion King". The production of Pixar's second 3D animation film has completed 80% of the progress. However, due to the cumbersome production process of animation film, the official completion of the film will be in August. Fortunately, the film is due at the end of the year, and August is not too late.
At noon with the female assistant to return to dumega manor for dinner.
After lunch, the female assistant's day's work is basically over and left by Janet. The two women plan to go shopping together. Simon returns to the studio, and girl a takes over her job.
"Boss, this is the memorandum of meeting between Vice President Al Gore and executives of major telecom companies that just came from Washington this morning."
The information superhighway project, of course, will not only pass a bill, but also need the federal government to take concrete measures to promote.
Simon has known in advance that the purpose of today's meeting between Vice President Al Gore and the leaders of major telecom companies is mainly to discuss how telecom companies increase investment in Internet industry infrastructure.
The leaders of Verizon Telecom and AOL of westrow system attended the meeting as nonvoting delegates.
Of the $400 billion investment in the information superhighway program over the past 20 years, the share directly funded by the federal finance is actually very small. Only this year, the federal finance actually allocated only $650 million for the information superhighway program.
Most of the investment should be made by private capital under the leadership of relevant federal information industry policies.
Four hundred billion US dollars in 20 years seems to be huge, but as long as it is profitable, the capital flowing into this industry is far more than that. In the memory of
Simon, two thousand years ago, when the Internet bubble was the most turbulent period, the capital invested in the new technology field was more than 70 billion dollars a year, which was not considered as a bigger capital of the peripheral technology stocks.
This time, AOL has proved in advance that the ISP industry has great potential. Even without the guidance of the federal government, the major telecom giants will strengthen their investment in new technology.
At today's meeting, Simon is most concerned about the tax incentives for new technology launched by the White House.Looking at the memo in his hand, Simon asked another question: "how's the negotiation going in New York?"
Alison shook her head: "there's no new news coming."
No news, no progress.
Simon is not in a hurry.
If Goldman Sachs and Morgan Stanley insist on not compromising, he will not have no other choice. After all, this transaction is a typical seller's market.
Big deal, 10% of the shares are sold to one of them.
Or choose another investment bank.
These days, with igritte becoming more and more dazzling, there are more troubles.
In a recent report, igritte has suffered 11 lawsuits in copyright, patent, monopoly, etc.
The biggest one came from a comprehensive lawsuit of Hurst group, claiming US $100 million on the ground that igrit company embezzled a large number of news, pictures and other contents of Hurst group.
Traditional media, obviously, have felt the threat of Internet media again.
As for this infringement lawsuit, it is basically the content uploaded by users themselves, even with obvious traces of human manipulation.
However, igritte has a plan for this situation.
Although the Internet haven act is still in the process of lobbying, the user terms of igritte company also have corresponding provisions. As long as the copyright owner confirms the content infringement, it can contact igritte company to take the initiative to delete it.
However, Hurst group did not do so. Instead, it directly initiated a lawsuit after collecting a large number of 'infringement' evidence.
At the same time, many newspapers of Hurst group are working at the same time, asking the federal government to strengthen the copyright protection in the field of Internet while developing the information industry.
At that time, the Hearst group once provoked the Spanish American war with its own strength, which shows the influence of this media giant on the federal public opinion.
Moreover, this lawsuit, in fact, is a counterattack of the traditional media against the new Internet media, trying to limit the development of the increasingly turbulent Internet media.
But this time, neither igritt nor the federal government can let Hurst take the lead.
After responding to the lawsuit, while using the media resources of the whole westero system to fight back, igritte quickly provided a large number of evidence of its own initiative to deal with infringing content, which is enough to prove that igritte attaches great importance to copyright protection, but the content volume of the Internet platform is too large, it is impossible to take the initiative to review all the content, if necessary Otherwise, the Internet industry will not continue to develop.
At the same time, the lawyer team of igritte pointed out that after confirming the content infringement, Hurst group did not contact igritte company to take the initiative to deal with it. Instead, it directly launched "blackmail".
After several confrontations between the two sides, even though they are controlled by a large number of media platforms, Hurst group is still obviously at a disadvantage.
Moreover, at the government level, the White House is not on the side of the Hearst group this time.
Bill Clinton is about to make full use of the Internet industry to revive the U.S. economy. Even if the Hurst group belongs to the democratic camp and has a bearing on its own political future, it will certainly not be allowed to jump out of the mess this time.
Denise entertainment is the biggest winner of this year's Oscars, but Simon just spent an hour at melisandro's party and left quietly. Just like a scientist who has won the Nobel Prize, he is doomed not to be excited about a little red flower in the kindergarten. Over the years, from Sundance to Cannes to the Oscars, Simon has accumulated enough honors in films. What's more, with Simon's height, it's hard for him to get too much attention from Oscar. The next day there was the usual clamor in the media. However, this time, there is not much controversy about the awards of danielis entertainment related films. Among the five best picture nominees, unforgivable is the best film in the original time and space. As an old-fashioned western, the competition is far from as strong as expected, and the other three are just a foil. Therefore, under the strong public relations offensive of danielis entertainment, it's easy to win the best film, little golden man. Al Pacino's best actor is even more worthy. This Hollywood superstar, who rose in the 1970s, has been nominated for six Oscars by the end of "smell and know women". Other awards have not caused much disturbance either. The media even regretted that Denise Entertainment's other two outstanding films, Howard manor and crying game, only won a few non core awards. Of course, even if it's hard to cause too many waves in Simon's mind, a series of Oscar Awards will bring real honor and benefits to danielis entertainment. After the Oscars, time soon turned to April. On the other side of Europe, melisandro's acquisition of Christie's auction house was officially exposed. The British media generally showed a kind of resistance to this incident, believing that Christie's is a symbolic company representing the historical status of Britain in the field of art collection and should not be sold to foreign investors. Some fierce media people even petitioned the British government to ban this transaction. However, in the face of capital, the power of media public opinion is weak. What's more, the British public's reaction to this incident is more inclined to a spectator mentality: Christie's, which is prone to auction tens of millions of pounds worth of collections, is a little far away from them. After the sterling crisis last year, the British economy fell into a downturn, and many investors also tend to cash out Christie's shares to increase their cash reserves. As a result, the deal was quickly approved by a shareholder vote. Melisandro company successfully received Christie's, but in North America, igritte's financing plan is not so smooth. In a word, if you just want to raise money, as Joseph Lewis did, there are a lot of investors who almost do not intend to reduce the price and are willing to eat 10% of igritte's shares at once. However, the purpose of this financing is not too simple. After Morgan Stanley and Goldman Sachs showed their clear investment intention, igritte put forward two financing plans of 5% each, which only caused the dissatisfaction of the two Wall Street investment banks. Ten percent of igritte's shares are priced at US $1.5 billion, which ordinary investors can't afford. However, for the two wall street giants, they can still afford to raise money. As we all know, with the development momentum of igritte at this time, US $1.5 billion and 10% shares are really not expensive. Buy it now and wait for igritte's IPO. With the current capital market's pursuit of technology stocks, it is expected to get at least twice the return. Cisco and AOL are the best proof. Now, the 10% share of equity transfer is not high, and it needs to be split into two to share with others. Of course, the two major investment banks are not satisfied. However, after several days of negotiation, Simon westero obviously did not mean to give in. Moreover, the differences between the two sides are not limited to that. The 10% shares sold by igritte are class A shares with only one tenth of the voting rights. If the two investment banks get these shares, they will not only get one percent of the voting rights of igritte, but also have no seats on the board of directors. In other words, the two investment banks still have no say in igritte after investing 1.5 billion US dollars. It's also hard for Goldman Sachs and Morgan Stanley, which have always been strong, to tolerate. Simon did not give in to the dual ownership structure. However, after negotiation, Simon also agreed that Goldman Sachs and Morgan Stanley would each get a seat on the board of directors after igritte's IPO. Before that, because igrit was still a completely private company, there was no board of directors for the time being. After several discussions, the two sides reluctantly reached an agreement in this regard. Then came the problem of the $1.5 billion fund itself. For this money, the initial scheme provided by igritte company, 500 million US dollars as financing will be transferred to igritte company's account for igritte's own development, and another billion US dollars will belong to westero company, which can be regarded as the proceeds from the sale of 10% equity.After all, it is quite accurate to say that Westeros sold 10% of igrit's shares in this equity transfer. Of course, Goldman Sachs and Morgan Stanley will not agree. Although $500 million is already a large sum of money, for igritte, if it is like the year before last, it may burn up in a year. Once there is a shortage of funds, it is necessary to conduct another financing. At that time, whether it is equity financing or bond financing, the cost will be shared by Goldman Sachs and Morgan Stanley, which have become shareholders of igritte. In the eyes of Goldman Sachs and Morgan Stanley, the best solution, of course, is to put all the 1.5 billion dollars into igritte's account. However, for the two investment banks, westero's plan also makes sense. One and a half billion dollars, after all, is a huge sum of money. If it is the two investment banks themselves, of course, they will not be willing to spend all the money on igrit. In fact, executives at Goldman Sachs and Morgan are wrong this time. Simon did not intend to take a share of the huge sum of money directly. The reason why he proposed this distribution plan is just a bargaining chip. The westrow system is not short of money. This is one point. On the other hand, if the proceeds from the sale of the billion dollars as shares are included in the account of Westeros, it will be subject to capital gains tax. At the current federal tax rate of one billion dollars, we need to contribute 280 million dollars to the IRS. Simon doesn't want to be a good citizen. In contrast, he is more likely to get a loan from a bank if he really needs extra money. The more you get to the top of the social pyramid, the more you can understand that you can go further only by spending other people's money on your own affairs. The $1.5 billion this time is actually more than enough for igritte company. Igritte company itself has enough revenue scale to provide continuous capital for itself. Simon has no plan to increase igritte's efforts to burn money. On the contrary, after this financing, he will further strengthen the financial supervision of igritte company To avoid profligacy. In this way, only the $1.5 billion will be enough for igritte to spend three to five years. Considering the IPO in 1995, the company's cash reserves will be more abundant. It's not a good thing not to spend too much money as soon as possible. Fortunately, igritte already has its own venture capital department, Simon's plan. After the completion of this financing, igritte will greatly increase its foreign investment while developing itself, making itself one of the important venture capital funds in Silicon Valley. Malibu, daenerys studios. It's April 6, Tuesday. In the morning, Pixar team on the second floor of the studio stayed for two hours, mainly watching the sample film of "Lion King". The production of Pixar's second 3D animation film has completed 80% of the progress. However, due to the cumbersome production process of animation film, the official completion of the film will be in August. Fortunately, the film is due at the end of the year, and August is not too late. At noon with the female assistant to return to dumega manor for dinner. After lunch, the female assistant's day's work is basically over and left by Janet. The two women plan to go shopping together. Simon returns to the studio, and girl a takes over her job. "Boss, this is the memorandum of meeting between Vice President Al Gore and executives of major telecom companies that just came from Washington this morning." The information superhighway project, of course, will not only pass a bill, but also need the federal government to take concrete measures to promote. Simon has known in advance that the purpose of today's meeting between Vice President Al Gore and the leaders of major telecom companies is mainly to discuss how telecom companies increase investment in Internet industry infrastructure. The leaders of Verizon Telecom and AOL of westrow system attended the meeting as nonvoting delegates. Of the $400 billion investment in the information superhighway program over the past 20 years, the share directly funded by the federal finance is actually very small. Only this year, the federal finance actually allocated only $650 million for the information superhighway program. Most of the investment should be made by private capital under the leadership of relevant federal information industry policies. Four hundred billion US dollars in 20 years seems to be huge, but as long as it is profitable, the capital flowing into this industry is far more than that. In the memory of Simon, two thousand years ago, when the Internet bubble was the most turbulent period, the capital invested in the new technology field was more than 70 billion dollars a year, which was not considered as a bigger capital of the peripheral technology stocks. This time, AOL has proved in advance that the ISP industry has great potential. Even without the guidance of the federal government, the major telecom giants will strengthen their investment in new technology. At today's meeting, Simon is most concerned about the tax incentives for new technology launched by the White House.Looking at the memo in his hand, Simon asked another question: "how's the negotiation going in New York?" Alison shook her head: "there's no new news coming." No news, no progress. Simon is not in a hurry. If Goldman Sachs and Morgan Stanley insist on not compromising, he will not have no other choice. After all, this transaction is a typical seller's market. Big deal, 10% of the shares are sold to one of them. Or choose another investment bank. These days, with igritte becoming more and more dazzling, there are more troubles. In a recent report, igritte has suffered 11 lawsuits in copyright, patent, monopoly, etc. The biggest one came from a comprehensive lawsuit of Hurst group, claiming US $100 million on the ground that igrit company embezzled a large number of news, pictures and other contents of Hurst group. Traditional media, obviously, have felt the threat of Internet media again. As for this infringement lawsuit, it is basically the content uploaded by users themselves, even with obvious traces of human manipulation. However, igritte has a plan for this situation. Although the Internet haven act is still in the process of lobbying, the user terms of igritte company also have corresponding provisions. As long as the copyright owner confirms the content infringement, it can contact igritte company to take the initiative to delete it. However, Hurst group did not do so. Instead, it directly initiated a lawsuit after collecting a large number of 'infringement' evidence. At the same time, many newspapers of Hurst group are working at the same time, asking the federal government to strengthen the copyright protection in the field of Internet while developing the information industry. At that time, the Hearst group once provoked the Spanish American war with its own strength, which shows the influence of this media giant on the federal public opinion. Moreover, this lawsuit, in fact, is a counterattack of the traditional media against the new Internet media, trying to limit the development of the increasingly turbulent Internet media. But this time, neither igritt nor the federal government can let Hurst take the lead. After responding to the lawsuit, while using the media resources of the whole westero system to fight back, igritte quickly provided a large number of evidence of its own initiative to deal with infringing content, which is enough to prove that igritte attaches great importance to copyright protection, but the content volume of the Internet platform is too large, it is impossible to take the initiative to review all the content, if necessary Otherwise, the Internet industry will not continue to develop. At the same time, the lawyer team of igritte pointed out that after confirming the content infringement, Hurst group did not contact igritte company to take the initiative to deal with it. Instead, it directly launched "blackmail". After several confrontations between the two sides, even though they are controlled by a large number of media platforms, Hurst group is still obviously at a disadvantage. Moreover, at the government level, the White House is not on the side of the Hearst group this time. Bill Clinton is about to make full use of the Internet industry to revive the U.S. economy. Even if the Hurst group belongs to the democratic camp and has a bearing on its own political future, it will certainly not be allowed to jump out of the mess this time.
