The plan to acquire Time Warner Group was rejected by the other party, and the matter was a bit beyond Han Xuan's expectations. This means that there will be a lot of more trouble in the acquisition process.

He originally thought that the major shareholders of Time Warner Group would at least discuss with him, but now he listened to the executive officer Lao Luogan's intentions on the phone, and it seemed that the price he gave was far lower than their expectations, so he didn't even have the idea of ​​negotiation and was directly rejected.

I calmed down and thought about it carefully. It seemed reasonable to be rejected. As early as two days ago, when I negotiated a merger with the American Online Company, the premium market value of Time Warner Group was as high as about 1,55 billion US dollars, but now it is only 1,000 million US dollars in Han Xuan.

Although Time Warner Group's Internet access business is about to decline, in the eyes of major shareholders, the decline process should be very slow, and it can still bring considerable benefits to the group within at least three years. Some major shareholders will lose one-third of their assets at once, and no matter who encounters this kind of experience, they will not be able to bear it.

In the late 1990s, most people still lacked their understanding of the speed of Internet development. Many of the major shareholders did not understand the Internet, and the access business was just an unexpected surprise. The reason for laying cables was to provide users with cable TV access services, and it was transformed into a network cable as a cheap one.

This makes most shareholders of Time Warner Group purely laymen who do not understand Internet access business. Otherwise, in their previous life, it would not have given up this part of the market to the telecom operators that later rose to the huge advantage of controlling 75% of the market share of Internet access business.

In the past decade, due to technological development, the internet speed that dial-up Internet access has been very slow. People have become accustomed to its speed. In recent years, the so-called significant speedup has only increased by dozens of k from 56k/s.

Except for a very small number of people, more people cannot imagine a scene where the network transmission speed has increased by more than ten times or even hundreds of times. It is like a frog that is experiencing the sky in a well, and can only see the technology that has appeared in human society.

The reason why Cisco has been able to rise rapidly is that it masters important network transmission equipment technology is very important. Faster broadband transmission technology has long appeared in its R&D laboratories.

As a veteran, Han Xuan knew clearly how huge the broadband equipment market was in the early millennium. Enterprises in various countries were busy updating and replacing network transmission equipment, and the market size was more than one trillion US dollars. So he took the lead in investing in and merged many companies that produced network equipment, and at the same time he also independently developed or spent money to acquire a large number of related technical patents.

The management staff of AT&T, Verizon Telecom and other companies are more visionary. After they learned that these technologies that can greatly improve network transmission speeds have been developed, they immediately invested huge amounts of money to rapidly update and replace the original equipment in the United States, in an attempt to seize the market now controlled by Time Warner Group.

If the major shareholders of Time Warner Group were more visionary and realized that the process of speeding up the network was faster than they expected, they would understand that the acquisition price given by Han Xuan was already very fair. If they were willing to sit down and negotiate slowly, it would not be impossible for him to raise the price slightly.

Unfortunately, they not only lack vision, but also blindly arrogant. Han Xuan was a little unhappy and asked Lao Luogan on the phone and said, "Didn't you tell the board members that if they are unwilling to be acquired by me, will the outcome of Time Warner Group be very bad?"

“…I said that, but the chairman of our company’s board of directors does not think that the unfavorable news will cause our company’s market value to drop sharply.

In fact, your thoughts reminded them that this morning, the board of directors held a meeting to discuss how to upgrade the existing network transmission system, and try to issue a batch of shares to raise funds in exchange for funds to purchase a new generation of network transmission equipment.

Sorry, they insist on their own initiative, and I can't convince them. In fact, it is more beneficial to be acquired by you. I believe you have a way to make Time Warner Group continue to maintain its leading position in Internet access business, but those major shareholders are unwilling to accept my advice, so I will do my best."

Executive Lao Luogan told Han Xuan some unpainful news that the content was not important, so it did not violate the moral integrity of being a professional manager. Han Xuan sighed after hearing this and told him: "It's a very good idea. Unfortunately, without my help, your Time Warner Group could not complete the renewal and construction of Internet transmission equipment.

Other telecom operators have taken the lead. Even if the project preparation is completed quickly, it will delay the opportunity due to the lack of materials. It is not that I deliberately harmed you by making small moves, but that the production capacity is temporarily limited. It will take a long time for the new fiber optic network line production line to be put into production.

So let it be like this, I hope that what may happen next will not affect our relationship. It’s a pity.”

"Yes, I feel very sorry, too..."

Han Xuan extended an olive branch, but the other party chose not to accept it.

After hanging up the phone, he stood by the window for a while and thought about countermeasures, and called his old man to discuss it. Mr. Han also felt it was necessary to acquire Time Warner Group and increase his family's influence.

So, Han Xuan went to Executive Anthony's office. He was discussing things with a group of executives. When he saw the boss coming over, he asked those people to leave first.

"The loss situation is very bad. The total market value of our Snow Mountain Group evaporated by about 86.3 billion yesterday.

Today's situation is also unfavorable to us. Blueberry Group fell by 3.2% again, destiny browser's decline was even more astonishing, reaching 7.1%, and the Nasdaq Composite Index fell to 4,830 points.

I thought I could reduce the losses, but I didn’t expect that it would fall so much today.”

Executive Anthony pointed to the data terminal hanging on the wall and told Han Xuan that his face was quite embarrassed and he seemed unenergized, probably because he stayed up late last night.

Han Xuan is not thinking about the stock market now, and he told me: "Things have happened, there is no need to put too much pressure on yourself. You can't blame you for the collapse of the bubble. I am already very satisfied with recovering so much money in advance.

Now there is something more important. I plan to forcefully acquire Time Warner Group and call them to come and think of countermeasures for me..."
Chapter completed!