He was attacked by the American media, but was unable to fight back and could only be beaten passively. This situation made Xia Tian very unhappy and also made him determined to acquire CNN.

CNN started in the 1980s and its initial development was not smooth. It was not until the heavyweight news such as the assassination of the president, the San Francisco earthquake, the Challenger explosion, CNN finally became famous in the United States.

Now cnn is a heavyweight news media in the United States, and it will become a world-renowned news media in the future. With this TV station, summer can use this to guide public opinion, resolve the enemy's unreasonable attacks on itself, and give itself the ability to protect itself.

"Michelle, how is Turner Broadcasting now acquiring?" Xia Tian called Michelle.

"It has acquired 35% of the shares." Michelle reported, "You told me not to be noticed before, so when I acquired it, I was absorbing small shares. So I'm sorry, the boss has bought such a small amount of shares for so long."

"No need to apologize, your performance is already very good." Xia Tian comforted her, "But now we need to change our strategy, don't absorb it in small quantities, and just issue a offer to acquire it, because I don't have much time."

Cnn TV station had already grasped it, so Xia Tian would take a step forward. Cnn for him at this moment, it was equivalent to avoiding bullet vests. Now there are so many open and hidden arrows, so he can get less harm after wearing it for a day.

"Mr. Xia, if you directly issue a tender offer, it will cost a lot more money than a small stock." Michelle reminded Xia Tian when he heard this.

If small stocks are absorbed, they will not have much impact on the stock price, so they can buy stocks at a lower price. But if you initiate a tender offer, it will be amazing. If you want to impress the hearts of shareholders, the acquisition price mentioned must be at least about 30% higher than the market price.

In this way, it turns out that 3 billion US dollars can be taken down, and this time it will cost another 400 million US dollars.

"It doesn't matter if you have more. Now is not the time to bargain." Xia Tian waved his hand. If he could win Turner Broadcasting for $3.5 billion, there would be basically a profit.

First of all, it has heavyweight media like CNN. In his previous life, Murdoch proposed to acquire Time Warner and was planning to sell CNN after the acquisition. Because Fox already has its own news network, foxnews, no longer needs to leave CNN, resulting in a left hand hitting the right hand.

The price he offered for CNN was $15 billion. Although Murdoch's merger and acquisition was not successful in the end, he believed that his valuation for CNN was not groundless.

Secondly, it also has MGM's film library. This library has more than 3,500 movies, including the famous "Gone with the Wind" and "Cat and Mouse".

With the continued hot video market and the booming development of the cable TV industry, coupled with the emergence of future video websites, these classic movies will surely bring rich revenue.

As far as Xia Tian knows, in his previous life, MGM's old film library could generate $200 million in output every year, while its value was around $30 to $4 billion.

Once again, under Turner Broadcasting Corporation, there are multiple channels such as tbs, tnt, tcm, etc. These cable TV channels are also of value.

Therefore, overall, Turner Broadcasting is worth at least 20 billion US dollars. If you can buy it for $3.5 billion now, you will be considered a profit.

In addition to these tangible assets, more importantly, after taking over CNN, Xia Tian has his own channel of speaking out, which can guide and control American public opinion and protect his own interests.

He now invests more than 10 billion US dollars in the United States, and it also involves many sensitive industries. If he does not have the ability to protect himself, he may be kicked out at any time. If he controls public opinion, he can protect his rights and interests so that those who are interested will not dare to touch him easily.

Like media tycoon Murdoch, a wiretap scandal in the UK, causing an uproar, and the public opinion was surging, almost scolding him to death. But in the end, he just locked up the News of the World and handed over several subordinates as scapegoats, but as the boss, he was unscathed.

The reason why he was able to escape was because he controlled the largest media group in the UK, television, newspapers, magazines, radio stations... they were all under his control. Even the British Prime Minister's election depends on his expression. Whoever he supports can be successfully elected. Whoever dares to provoke such a person?

Xia Tian also wants to be a strong person like Murdoch, so he is determined to win. Even if he spends an extra billion dollars, he feels it is worth it.

"Okay, then I'll find a team to study it right away." Michelle nodded.

...

Just as Michelle and her team were studying how to formally acquire Turner Broadcasting, Xia Tian also raised funds for the upcoming acquisition in Hong Kong.

"Botao, how much money do I have now?" Xia Tian asked Liang Botao.

"Well, there are probably one billion dollars left." Liang Botao thought for a while.

"Billion dollars?! Why is it so small?" Xia Tian said in surprise when he heard this.

He originally thought he should have $400 billion.

"Mr. Xia, you have invested a lot in the past six months. You invested in a building in Fuso; you invested in a high-tech company in Taiwan, purchased land, and built a building; you acquired record companies in the United States, expanded cable TV companies, and made some other investments; you purchased oil wells in Canada; you exchanged East Demmark in East Demmark in East Dem. You also opened a food factory in the mainland, invested in a computer company... These are all money." Liang Botao calculated for Xia Tian one by one.

Although he has a net worth of 20 billion US dollars, his investment in the past six months has exceeded 8 billion US dollars. In addition to the various investments last year, he has basically no money now.

"..." Xia Tian blinked after hearing this, but he didn't expect that he made money hard, and the money was spent fiercely.

Two billion US dollars, and before I knew it, only one billion was spent.

Although a billion dollars is already a lot, it is still not enough for him.

"Billion dollars are not enough, at least three billion dollars." Xia Tian said then, "Botao, please help me see what else can be turned into money? Is stock mortgage okay?"

"Mr. Xia, you have basically mortgaged all the stocks you have now." Liang Botao shook his head and said, "Even if all the remaining non-listed companies and real estate are mortgaged, they will be up to 14.5 billion US dollars, and it is impossible to exchange for 2 billion US dollars.

I suggest you suspend investment. Mr. Xia, your business is already very large. As long as you manage it carefully, you will definitely make considerable profits. So I think it is better not to expand blindly. The right way to manage your current business carefully."

"Well, you make sense, but this investment is inevitable." Xia Tian nodded and waved his hand.

He must buy cnn, otherwise he will be cut off sooner or later.

"So, do you think it's feasible to issue new shares or raise funds?" Xia Tian said again.

"The stock market has not recovered yet. I don't think it's effective if there is a particularly good news, so it can stimulate the company's stock price." Liang Botao shook his head and said.

"Then like this, first mortgage the non-listed company in my hand, Tianxia Film, Asia TV, Tianzitang, etc., which should be able to exchange for $14.5 billion." Xia Tian thought for a while.

"If this happens, you'd better ensure that your investment will not suffer too much loss, otherwise you may lose these companies at any time." Liang Botao reminded.
Chapter completed!