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The negotiation team composed of Baker Martin Law Firm and Wells Fargo was very efficient. After Sid set the M&A policy, they quickly issued acquisition offers to Betha Films and Dazzling Entertainment.
At the same time, in order to more comprehensively assess the truly important intangible assets of the two film companies - the value of the film copyrights in their hands, Mary even found a professional Hollywood producer to act as an asset appraiser. As for the ordinary financial, income and expenditure, asset and other issues, they will naturally be fully handled by Wells Fargo's accountants and asset experts.
Among them, Betha Films was very glad that a new investor took over so quickly, while Dazzling Entertainment, which was in the shadow period after its box office failure, felt both fortunate and a certain degree of fear about the acquisition.
But for the two companies whose current situation is so bad that there is no way out, their mood actually has no impact on the situation.
So after a series of bargaining and wrangling that are inevitable in Hollywood negotiations, the acquisition deal was finally reached at a price of $4.9 million for Bessa Films and $1.6 million for Dazzling Entertainment.
And this is the price after splitting up and packaging the parts they don't need (departments, personnel, other assets) and offsetting the corresponding costs.
In the end, including the commissions of the negotiation team, the entire acquisition cost exactly US$10 million.
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"Knock, knock, knock!" A blonde girl knocked on the door of the conference room. Everyone looked over there. She said to everyone nervously, "They're coming!"
Upon hearing this, the atmosphere in the conference room immediately became tense. Then the main members of the acquisition team filed into the conference room. Lawyer Goffman and Elizabeth walked in first.
Everyone in the conference room stood up at the same time, and Sean subconsciously straightened his suit. But Goffman and Elizabeth did not move forward. They stopped at the door at the same time, and then turned back to look outside.
Sean realized they were waiting for the boss behind the scenes.
Then a figure walked in. It was a very young and sunny man. No, looking at his handsome face, he should be a teenager!
With a confident smile, he strode past Goffman and others, walked to the front of the acquisition team, and then took the lead to the empty seat at the top of the conference table.
Only then did Sean realize that this young man was the real protagonist of today—the boss behind the acquisition of them, his new boss!
Sean suddenly felt dizzy and his throat was dry. But the performance of others was not much better than his. The two former bosses of Bessa Films and Dazzling Entertainment stood there at a loss.
"Everyone, this is my client, the real initiator of this acquisition, Mr. Rowan Stark." Goffman stood next to the young man and introduced him to everyone.
"Oh oh." Everyone seemed to be frozen and made meaningless responses, but no one knew how to respond to his words.
"Gentlemen, we can get down to business now." The young man, no, Rowan suddenly spoke. His voice was calm but there was an aura around him that made them follow his words.
He had a slightly confident smile on his face, and his clear, bright eyes carried an invisible power as they slowly swept across everyone's faces. Everyone felt the brilliance in his eyes that could not be ignored.
Everyone seemed to be thawed by his words, nodding their heads in agreement. The two bosses also reacted and immediately extended their hands to greet him: "Hello, Mr. Strak, I'm David (I'm Cooper)."
The four contracts went back and forth between Sid and the two original bosses. After each of them signed their names, the acquisition agreements between the two film companies were completed.
The two bosses finally breathed a sigh of relief. They looked at each other with a look of relief and a wry smile, then stood up and stretched out their hands to Rowan at the same time: "May good luck always be with you, Mr. Stark."
Rowan smiled and shook the hands of both men firmly, "Of course, thank you."
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The large screening room of Betha Films was packed with staff from Betha Films and Dazzling Entertainment, all of whom were employees who stayed from the two companies after the acquisition. Those from Betha Films were mainly distribution staff, while those from Dazzling Entertainment were all production staff, that is, crew members.
All of them had anxious expressions and whispered to each other. Although the air conditioner in the theater was turned up to the maximum, everyone felt sweat pouring down their faces, and they were all equally uneasy.
The news that the new boss was a young man who just turned 18 years old spread like wildfire among all the remaining employees in a flash.
"Oh, My—God. A 18-year-old kid is the boss!? Is God crazy?" A female assistant in the production department said worriedly to her companion, who was sitting next to a group of crew members.
They all looked at each other with worried expressions, uncertain about what was going on. When Betha Films was split up and sold by the negotiation team, some colleagues in some departments were ruthlessly fired, and these terrible scenes were still vivid in their minds.
So what the remaining crew members are most afraid of hearing now is "fired"!
"My child at home still needs to buy milk powder. I can't lose my job now." A prop master said in distress, covering his head.
"Hey, do you know where the new boss came from?" a rather excited man in a suit asked his companion.
"I have no idea. At the age of 18, he has the assets to acquire a film company. Who knows, maybe he is the second generation of some wealthy family who wants to play the 'movie-making game'." His companion adjusted his gold-rimmed glasses and said calmly. Although Rowan is quite famous but since no one knows his name and can only guess by his age they are just guessing
They are members of the distribution department of Dazzling Entertainment. With their rich experience and ability in the industry for many years, they are not afraid of losing their jobs. Even if they lose their jobs, there are still many film companies in Hollywood that need capable and experienced distribution personnel, but no one wants to waste their precious time on the "nonsense" of laymen.
Just as everyone in the screening room was whispering to each other, the security door on the left side of the big screen suddenly opened. A row of people walked in one after another. Everyone stopped talking and looked forward. The room suddenly became silent.
After Goffman and Elizabeth come in, a young over-the-top guy walks in with Sean and Henry.
This is the new Boss!? Are you sure he's not the new boss's son or nephew?
Everyone had this ridiculous thought at the same time.
Although the young man was wearing a fine, fitted tailor-made suit, and with his tall stature and meticulously groomed hair, he looked energetic and steady, but his overly young and handsome face still exposed his true age.
He doesn't look more than 18 years old.
After taking the microphone handed over by the receptionist, Rowan let out a breath and strode to the center of the stage in front of the screening room.
Everyone immediately turned their eyes to him, and Rowan instantly felt the power of everyone's gaze. A silent pressure rose from the soles of his feet and instantly captured his heart.
A challenge to your fear? Good! I like it.
At this moment, Rowan truly realized that he was already the owner and operator of a film company. All the pressure from everyone would be focused on him. If you want to wear the crown, you must bear the weight first!
Rowan let the fear flow through his body. Three seconds later, he raised his head again, with a fearless smile and a burning will in his eyes, slowly scanning the entire audience.
What bright eyes!
This thought occurred to everyone who looked at Rowan.
Rowan picked up the microphone: "Hello everyone, my name is Rowan Stark, and I'm your new boss." His calm and neither humble nor arrogant tone naturally attracted everyone's attention. "Some of you may have heard about me or maybe not."