"Although I don't know the direction of the music market in the future, there is one thing that can be confirmed. Music will not disappear, and the music market will not disappear, but it will exist in another form, waiting for us to explore. From now on, it is mainly two opposing markets, recording music and live music. From the perspective of the Taoist perspective, one market will decline, and the other market should rise. However, the other side of the market also has the transition between virtual and reality, that is, the opposition between CD physical records and digital music. I think digital music is the future trend, and streaming media will have great prospects for development. However, there is a flaw in streaming media, that is, the lack of copyright and content support, and it is difficult to display, which ensures that traditional record companies will not die too quickly, and the market will also leave them opportunities..." Zhou Shi, after making an appointment with Buffett, told his reasons in the face of his suspicion.

"Taoist thought? Your ideas are quite interesting and refreshing..." Buffett

"Taoism believes that everything is united in opposition and unity, with prosperity and decline..." Zhou Shi explained his understanding of the thoughts.

"So you want to invest in the entire music market?" Buffett

"It's mainly live music and recording music. As for digital streaming, it's another system." Zhou Shi

"Why do you want to invest in this market? It's not very big?" Buffett

"I don't want to do it either, but someone came to me and the conditions were very good, so I agreed..." Zhou Shi

"Oh! There's still this?" Buffett

"English music from the ages!" Zhou Shi

"They!" Buffett

"I was going to be acquired some time ago, but the conditions were not agreed, so I was given a discount." Zhou Shi didn't dare to say that because he wanted to give him a discount, he didn't reach a negotiation. That was too jealous!

"I'll ask you about 1ivenation (Live Country Entertainment Company)!" Buffett agreed to Zhou Shi to help contact John Malone of 1ibertymedia.

Zhou Shi thanked Buffett for giving it a thank-you note, left the United States and headed for England.

Zhou Shi's family fund's wealth mainly includes 5% of Disney's shares, Fengyun Culture and Sports Investment Company (including Liverpool and Miramax) and some domestic assets and cash. Among them, Miramax's long-term debt is actually quite large. This acquisition of BD Music obviously requires a large amount of debt. The value of this trust is almost zero, and there is no need to pay taxes in the future value-added part.

"That is to say, our real acquisition price is similar to that of Global and Sony, both of which are more than 40 million US dollars?" Zhou Shi felt quite sincere after hearing the plan given by RBS and HSBC. Among them, there were 3 billion US dollars in acquisition funds and more than 1 billion US dollars in debt.

"Yes, the total price will basically remain unchanged." Chen Wen

Last time, Warner Music Group was acquired last year for US$3.3 billion, with similar market share. It is already very good to sell EDA with worse performance. The market leader Universal Music’s current valuation may be more than US$4 billion. Of course Universal Music also has a lot of debt, which is probably more than US$5 billion.

The family fund holds 45% of the new EDA Music, 33% of the Xinghe Capital, and 22% of the Guokow. The family fund's acquisition funds are borrowed from RBS and HSBC, and the other two companies are responsible for the acquisition funds themselves.

The conditions were agreed soon, but we still had to negotiate with Citi. Although a joint consortium formed by RBS and HSBC Holdings acquired BD Music, it did not transfer directly. The number of transactions was too many, and the tax cost was also high. What's more important is that Zhou Shi and Citi were not allowed to face each other. How could we provoke relationships?

Of course, Zhou Shi would not directly argue with the people of Citibank. He didn't even come forward to explain anything. His choice was nothing. His companies were all high-quality companies. Without Citi, other banks would be willing to give more preferential conditions for cooperation. After MeBan Securities was split, he did not owe any favors from Citibank. Taking this opportunity, they could also make sure who could not leave who!

There is more than one reason why he didn't go to see Citi. The person in charge of the Eighteen Generations later was a big problem. There was also a problem with the plan to have a fight with French Fu. Mr. Fu came to London in person to meet Zhou Shi.

"I'm really sorry for what happened last time..." Bernard Arnault said modestly that this French rich man is still very stylish, much more handsome than Zhou Shishi.

"I'm too sensitive and thought someone borrowed your name and came to me to deliberately lie to me!" Zhou Shi said tactfully.

"He has just taken office, and he wants to make a difference, not intentionally."

"I think so, maybe because I am not experienced enough. I think I am a ruthless household from China and I am ignorant when I am young." Zhou Shi

"I have taught him a lesson. After all, he is not the boss or the rich man, and he doesn't understand the mentality of the rich man." Bernard Arno

"Maybe, I think it's because I lack the sincerity to treat each other with sincerity, or maybe I haven't realized the possible changes in the future world." Zhou Shi

"What will Simon think the future world will become?" Ou Zhihua is also on the side.

"This question is too big, how can I answer it?" Zhou Shi

"For example, what is related to the Internet..." Ou Zhihua

"This problem is also very big!" Zhou Shi

"I think most things in the future world may have a profound intersection with the Internet, whether it is finance, clothing sales or industrial production! Maybe we can use one word to describe it, that is the Internet p1us!" Zhou Shi

"We cannot look at current affairs with the eyes of the past. If the Internet must be used to make electricity from decades ago, we may have a clearer understanding. It is beyond doubt that the Internet can promote the improvement of productivity, but it is not very mature yet and is not promoted in place. For example, corporate collaborative office, design..." Zhou Shi introduced some relatively easy-to-understand concepts.

"But the value of traditional things still exists, just like the retail industry is not so easy to be subverted!" Bernard Arno

"The exhibition of e-commerce is very fast. Will the exhibition of logistics and express delivery be very complicated? Why is Amazon so valuable? Because it represents the future. Although e-commerce will not completely replace the traditional retail industry, it will inevitably intensify the market reshuffle. If companies facing difficulties do not adapt to the changes of the times, there will probably not be many opportunities in the future..."

"That's not necessarily..." Bernard Arno

"Haha, I think the conflict between you is different in your views on the future, and all of them have caused misunderstandings..." Ou Zhihua

"Hmm! It's possible..." Bernard Arno

"What's possible, I think it's just!" Ou Zhihua

There was no way, the two of them sang and reconciled, and the conflict that had not yet begun escalated, and it ended like this.

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Chapter completed!