Chapter 922 It&#039;s Not Impossible

"It seems that McKenna III has been a bit overwhelmed recently... Your Highness."

"Facilitating Disney's acquisition of 21st Century Fox can help him recover some of his decline."

In New York, Barron also took time to meet with Jamie Dimon of JPMorgan Chase.

What Jamie Dimon mentioned was Vanguard Group's losses in the gold trust ETF...

In addition to the failure in the initial confrontation with Sinclair Group, McKenna III was criticized in Vanguard Group's board of directors...This is also the result of the DS Group's representatives on its board of directors not publicly attacking McKenna III.

However, if Disney's acquisition of 21st Century Fox can be facilitated, then at least McKenna III can keep his position.

At present, Vanguard Group has withdrawn its gold trust ETF on a large scale, which also means that they finally chose to admit defeat, rather than confront the shorts on the international gold price - the funds and investment companies controlled by Barron are one of the main forces.

After all, Vanguard is not stupid. Not long ago, Federal Reserve Chairman Ben Bernanke hinted at a business gathering that it is close to reducing the scale of "quantitative easing policy".

His remarks have made many investors pessimistic about some securities, stock markets and gold prices.

At such a time, Vanguard will naturally not go against the trend.

Of course, Barron knows that it may take until the end of this year for the United States to really start taking action and reduce the scale of bond purchases in the "quantitative easing program".

But the market is like this. The public's emotions will affect the balance of power between long and short positions. Even if there is no concrete action, when this expectation is likely to occur, the market has already begun to respond to it.

"What do you think of Disney's acquisition of 21st Century Fox? Your Highness..."

"It can only be said that Murdoch is old, and his children do not have enough talent to inherit his media empire. Therefore, the sale of 21st Century Fox is not only forced by the major shareholders, but also a choice he has to make. Otherwise, when he can no longer control the situation, the consequences of his industries will be even worse..."

Although Barron owns Marvel-MGM Group, one of the top production companies in Hollywood, it can be said that it is a competitor with Disney and 20th Century Fox.

After Disney acquires 21st Century Fox, including 20th Century Fox Film, its scale will be even larger. From a competitive perspective, it is not a good thing for Marvel-MGM Film...

But Barron also understands that even if he is willing to pay more, he may not be able to buy 21st Century Fox.

Yes, this is not just a matter of money, but an integration of the industries controlled by some behind-the-scenes capital.

For example, the Vanguard Group, which has an active attitude in this acquisition, is the largest shareholder of both Disney and 20th Century Fox.

It is also worth mentioning that the ETF funds under JPMorgan Chase and Standard Chartered-Merrill Lynch also hold some shares of the two companies, but the number is completely incomparable to Vanguard Group, and even less than BlackRock Group...

Since this is the case, the only thing Barron can do is to use this opportunity to get something he is more interested in.

For example, let Sinclair Group acquire Forum Media Group and drive Vanguard Group out of the company.

For example...

"I heard that in addition to Forum Media Group, Disney is also not interested in Sky TV and is looking for a buyer for it?"

Murdoch's News Corporation has always been the largest shareholder of Sky TV in the UK. Later, after 21st Century Fox was spun off from News Corporation, its holdings in Sky TV belonged to 21st Century Fox. Murdoch had always intended to acquire Sky TV as a whole and had been negotiating with the British side for a long time.

However, with the outbreak of the "wiretapping scandal", he had to postpone the acquisition of Sky TV.

Of course, after Barron's SEM Group acquired ITV, it took the opportunity to take over the broadcasting rights of relatively better events in the Premier League after the reform of the Premier League broadcasting rights, which led to the decline of Sky TV's market share in the UK.

In the end, Murdoch completed the overall acquisition of Sky TV through 21st Century Fox.

Hearing what Barron said, Jamie Dimon looked at him deeply and said with a smile:

"Are you interested in Sky TV?"

This time, Disney acquired the entertainment assets of 21st Century Fox. As for Sky TV...

"I heard that Comcast offered Murdoch a $28 billion offer to acquire Sky TV as a whole. This offer is a considerable premium compared to the price Murdoch paid for Sky TV before."

Before completing the overall acquisition of Sky TV, Murdoch owned 39% of Sky TV's shares.

As for the remaining 61% of Sky TV's shares, he acquired it at a price of $15 billion more than a year ago. Based on this calculation, the overall consideration of Sky TV at that time was about $24.6 billion.

Now Comcast is willing to pay $28 billion to acquire Sky TV, which is a premium of more than 13.8% compared to the price more than a year ago.

After all, Sky TV is no longer the king of TV stations that once had the largest number of paid subscribers in the UK...

After many blows, the overall performance of Sky TV can only be said to be at the bottom among the three major TV stations BBC, ITV and BSkyB...

"I'm afraid that's almost impossible..."

Barron shook his head and said:

"After all, it is impossible for the British government to allow me to own ITV and Sky TV at the same time... But it would be very interesting if other competitors could emerge, wouldn't it?"

As Barron said, no matter what, the British government would not be willing to see him embrace ITV and Sky TV at the same time. That almost represents the fact that he has formed a near-monopoly in the field of television media, so Barron's influence on television media will be unprecedented.

At least on the surface, this scenario is unlikely.

Of course, what if there is a competition between American capitals for Sky TV?

Since Sky TV is likely to be sold to Comcast, it is also possible to be sold to other American companies, such as...IC Capital.

As for whether Murdoch is willing to give IC Capital a chance...

After all, Murdoch is 82 years old and is not in good health, and he and Wendi Deng have not yet divorced, and Ivanta, who manages IC Capital, is a very close best friend with Wendi.