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Chapter 383 - Chapter 382: Spending $2.3 Billion

In the end, Kyle didn't make it to Britney Spears' Los Angeles concert.

Because Kyle was busy!

Busy throwing money everywhere.

After the Dot-com Bubble burst, Kyle invested $600 million to acquire a 6.1% stake in Mars Company;

He invested $100 million for a 30% stake in Elon Musk's (payment) company;

He invested $1 billion into a gold project;

Through third-party lending methods, he lent Bezos a full $500 million at ultra-low interest rates;

Subsequently, he invested another $100 million into a batch of nascent internet companies;

According to overall statistics, in just this short month, Kyle has already spent $2.3 billion. This is definitely a grand-scale maneuver.

Although this $2.3 billion investment is completely incomparable to America Online's $181 billion acquisition of Time Warner Group using cash and stock a few months ago, Kyle is absolutely the number one person to make such a massive investment in the month following the Dot-com Bubble!

Countless people were green with envy!

Jobs, the chairman of Apple, said very resentfully: "That bastard is really rich."

Affected by the Dot-com Bubble, Apple fell to rock bottom again. Its stock price dropped significantly, and its overall market value lost more than 60% in just over a month.

"Fortunately, our Apple is not just a pure internet company; we still sell personal computers. Otherwise, our market value loss would definitely exceed 80%," an Apple executive couldn't help but sigh.

Jobs said in a deep voice: "The money Kyle Page spent in just this one month is almost catching up to our entire Apple company."

He had met Kyle very early on and witnessed Kyle grow from a green youth into a super-rich man.

But!

Even so, Jobs never imagined Kyle would be this wealthy... 

Viacom Group.

Redstone sighed: "The growth rate of this kid's assets is truly astonishing!"

Jordan nodded: "Yeah, no one expected a Dot-com Bubble sweeping across America and the globe to bring down countless companies and cause heavy losses for many giants, but... what about him?"

Kyle escaped in time. Not only was he unaffected by the Dot-com Bubble, but he also took the opportunity to short the market and make a fortune.

As of now, Kyle wouldn't dare say he's the richest person in America, but he is certainly one of the people with the most cash on hand.

"With the burst of the Dot-com Bubble and the slump in the U.S. stock market, the situation in Hollywood will also undergo a drastic change!"

Redstone looked into the distance and said solemnly: "Columbia belongs to Sony Group, Disney is suffering from severe internal strife, Time Warner has merged into America Online, MGM has been completely ruined by that gambler, and our Paramount under Viacom is also in a difficult position now... the situation for all the major movie studios is not very good."

"And now, Kyle Page is extremely rich!"

"Once he launches an acquisition of the only remaining one, Universal Pictures, then Kyle Page will leap to become a true entertainment and media mogul in Hollywood!"

Although Redstone admired Kyle, it didn't mean he wouldn't be on guard.

The cake is only so big. With an extra person coming to share it, Redstone, as a vested interest holder, would naturally be defensive in every way... 

20th Century Fox.

"Heh!"

"Spending $2.3 billion in one month, that really is a grand gesture!"

"If I'm not mistaken, even if he doesn't go to acquire one of The Big Six of Hollywood next, he will start a series of mergers and acquisitions—film, music, TV stations, radio... he will definitely not let this opportunity pass!"

"Now every industry in the U.S. is facing a capital shortage, while Kyle has billions of dollars in cash reserves. He will definitely act."

"Damn it! Caught off guard, he has actually grown to this level?!"

The media tycoon Rupert Murdoch was quite unhappy at the moment.

Although his net worth was very high, or rather richer than Kyle's, if he were asked to produce billions of dollars in cash all at once, it would be impossible!

...Sony Columbia.

"Kyle Page, we must start taking him seriously!"

"Nowadays, the market share for videotapes has already dropped significantly; conversely, DVD sales are growing rapidly."

"Our Columbia's parent company, Sony Group, is developing the latest DVD format technology. At that time, we will need a large number of library licenses, and Kyle's Page Pictures owns a library of nearly 3,000 films."

"Especially now, there's no guarantee he won't ramp up his acquisition of film and television copyrights."

"3,000 film copyrights is definitely not the end for Page Pictures."

"Therefore, we must win him over as soon as possible and get Page Pictures to join our latest Sony DVD format camp. Otherwise, we will definitely have to pay a huge price in the future!"

The executives at Sony Columbia have been quite passive recently and are even more shocked internally.

Spending $2.3 billion in a month is a proper grand-scale move!

...Marvel Company.

Affected by the Dot-com Bubble, Marvel Company, which was already in a dire situation, has delisted again, and its value has dropped severely.

"Yesterday, Mr. Page's representative once again launched an acquisition bid for our Marvel Company. Tell me your thoughts," said Marvel's current chairman, Avi Arad, in a deep voice.

As his voice fell, there was a silence in the room.

The executives didn't speak; after all, their current situation was extremely difficult.

The rights to one popular superhero after another had been sold off by Marvel; and a large number of superhero rights had also been mortgaged to banks by the struggling Marvel.

What a "miserable" state of affairs!

Finally, it was the Marvel heavyweight Avi Arad who spoke up.

He said: "I'll say it again: we can yield a portion of the shares to Kyle Page, but a full acquisition of Marvel? He can forget it! Unless I'm dead!"

Avi Arad was a stubborn hardliner;

Similarly, Marvel's current chairman, Avi Arad, was much the same. He once said: "I would rather drag Marvel to hell than sell all the shares."

But now... the price Kyle offered was truly too tempting!

A $300 million full acquisition of Marvel's equity, plus assuming the $390 million debt Marvel owes to the banks!

One must know that the current situation of Marvel Company is not very good.

To be honest, regarding the price Kyle offered, Marvel's current chairman Avi Arad was very tempted. After all, his current personal financial situation was not ideal... At this moment, the vast majority of film and television companies in Hollywood were filled with envy, jealousy, and hate toward Kyle. Moreover, they were even more worried that Kyle's future actions would significantly change the existing landscape of Hollywood.

As vested interest holders, they were naturally unwilling to let Kyle take more pieces of the cake.

Especially right now, Page Pictures' production of "The Butterfly Effect" is considered an invincible existence in the April slot, making them grit their teeth.

Of course, there were also people who were very happy to see Kyle so wealthy.

For example: the local government of Seattle.

As early as half a year ago, Kyle and his team began inspecting Seattle with the intention of building an emerging technology industrial park.

The local government of Seattle cared deeply about an investment with a total value of no less than $3 billion, not to mention that the entire U.S. is currently in the environment of the Dot-com Bubble.

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