Chapter 678 Was It for Me? Angry!

Yang Cheng's loud words immediately resounded through the coffee shop. The tone sounded like a reprimand from a superior to a subordinate, or a confrontation between enemies. The vigilance of a big boss.

Nassetta looked dignified, Hamilton James had a playful expression, and only Jon Gray, who was regarded as the possible successor of Blackstone's president, had a little more appreciation in his eyes.

To be honest, in the eyes of several top consortiums, Blackstone can be regarded as an upstart among them. Although this upstart's net worth far exceeds that of his peers, it is the biggest regret of the Blackstone Group that he does not have a long history.

Jon Gray is different from James or his boss Schwarzman. He is much more low-key. Schwarzman has a net worth of more than 10 billion. According to the latest estimate given by the list, it is about 10.8 billion U.S. dollars, as a millionaire with tens of billions of dollars, Schwarzman is also at the top of Wall Street. A more luxurious life is in line with people's stereotype of the rich. Schwarzman's luxurious parties are well-known in the circle.

Speaking of Blackstone Group, it is really an accidental product. Schwarzman and former Nixon ZF Commerce Secretary Peterson founded Blackstone in 1985 after losing the power struggle for control of Lehman Brothers.

Now they must be glad they lost that fight, because Blackstone is now a so-called alternative asset manager for plutocrats, college endowments, pension funds and sovereign wealth funds, as well as corporations totaling about $280 billion. Specializes in private equity transactions, hedge funds and other esoteric and high-stakes opportunities.

One of the reasons why Blackstone is so successful is that it attracts and relies on young talents, or that the boss Schwarzman is willing to delegate power to his subordinates and concentrate on being a big boss who looks at the income statement with equal dividends and spends more time enjoying life. Instead of spending endless hours in the office and leaving everything to professional managers to deal with, so that many executives, including James, can display their talents.

And Jon Gray is one of the best.

He spread his hands, and said the words that made Yang Cheng change his face very calmly, "Jason, let's be honest, we are more willing to use 25% of Hilton Group's shares to buy with New Era Media than a cash acquisition of more than 6 billion US dollars. Equity exchange."

Yang Cheng stared and glared. He never thought that the other party was coming for him. Any offer is nonsense, and New Era Media is the prey of the Blackstone Group.

I dare not say too much, if the price of 25% of the Hilton Group's shares is 6.5 billion US dollars, and Yang Cheng is willing to complete the equity replacement, then Yang Cheng's controlling position in New Era Media will collapse in an instant. Yang Cheng does not think that Blackstone Group It is not Blackstone's style to let New Era Media ignore it after the equity replacement and let the company develop on its own and wait for profits. They are a leader in private equity operations.

The anger in Yang Cheng's heart was indescribable, and his eyes that were about to spit fire fixedly stared at Jon Gray's indifferent smiling face. This expression, which he used to like most, was so disgusting when it was changed to someone else's face.

Similarly, a strong sense of betrayal arose in his heart. He was invited by Paris Hilton to come to the appointment, but he did not expect to cooperate with others to set up a trap for him. It was really a good plan.

Of course, if Yang Cheng still had the leisure to glance at Paris at this time, she would have noticed that the pretty face was full of panic. Obviously, she didn't know about Jon Gray's sudden attack, and she also understood the meaning of the stock exchange once it was completed. What, she's scared!

However, Yang Cheng didn't know anything about it, and the flames went straight to his brain at a speed of 80 miles per hour. Although he didn't mind listing New Era Media and making the cake bigger and sharing it with others, it didn't mean that It means that he will be threatened by others to give up the management rights of New Era Media. This is two different things. Active and passive are completely two concepts.

He knows the power of the Blackstone Group, and he also knows the consequences of refusal, which may lead to an all-round blow from the Blackstone Group.

But he was not afraid, at worst, it would be a big deal, and I would throw the table and stop playing. If I disagree with this table cake, no one would want to eat it.

As a result, just as he was about to sneer, Jon Gray spoke again, "Jason, don't rush to refuse, first listen to me tell a story."

It seemed to be discussing, but Yang Cheng was not given the right to refuse to listen to the story at all, and directly narrated, "I remember that in August 2006, I first contacted Bollenbach, then CEO of Hilton, on behalf of the Blackstone Group. He is a stubborn president who is full of possessiveness towards the Hilton Group, but he can't hold back the sincerity of the Blackstone Group. He is open to acquisitions on the surface, but he has never backed down on the price, or he has no intention of facilitating this deal at all. "

Gray deliberately emphasized the word "sincerity". After hearing this, Yang Cheng sneered again and again, sincerity? More or less a threat!

Gray continued, "It doesn't matter. We never force others to wish. If we don't want to, we don't want to talk about it. So I didn't contact Bollenbach again until May of the following year and told him that Blackstone is willing to pay close to Bollenbach's per share." Asking price of $48.

Oh, by the way, during this period, the Hilton Group suffered the most severe investigation in history, including all levels of the group, especially Bollenbach was listed as the primary investigation target by the tax department. As an American citizen, how can he evade taxes? "

Yang Cheng ignored Gray's "ugly" face, and thought to himself, "So this trick made Bollenbach submit?"

"Not long after, we both agreed on an acquisition price of US$47.50 per share in cash, valuing Hilton at approximately US$26 billion. 100 million US dollars in equity, plus 20 billion US dollars raised from a consortium of 26 large banks, hedge funds and real estate debt investors, completed this shocking acquisition.

Blackstone is willing to pay such a high price, and Hilton itself has a high debt load, but I persuaded the banks to lend it most of the acquisition funds with lower interest rates, easy repayment schedules, and less restrictive terms than usual, believe Jason, you also know that usually if a company suffers operating losses for several consecutive quarters, the creditor will demand immediate repayment of the loan. However, through the efforts of Blackstone, we have successfully reached an agreement with major banks. Our loan does not have any such so-called repayment terms. I personally think it is very prescient, and later facts have proved this point. "

Yang Cheng didn't intend to hear Gray put gold on her face at all. Wasn't it to remind herself of the strength of the Blackstone Group? ()

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