Breaking Up Is Better Than Divorce

Hustle

Eugene made a request to William as the oil futures reached $65.

“From now on, please stop informing others about my earnings for a while.”

A bout with Daeyang is ahead. To do that, you shouldn’t tell them that you’ve made a lot of money for a while.

“I do that. I will instruct everyone involved to refrain from speaking out.”

“Your offer, I will accept it.”

Ivanka Trump has agreed to a license agreement.

There was no reason to refuse, so it was a natural result.

“But honestly, aren’t the conditions too generous?”

Only after signing the contract did Ivanka show her sincerity.

“As I said last time, I am a huge fan of the Trump family, my father, Donald and Ivanka. So it’s a matter of marketing, because I believe that the Trump family’s brand will be loved by more and more people in the future.”

Eugene sincerely said so.

Of course, he will be hated and scorned by far more people than that, but it goes without saying that not a few will adore Trump.

“I am very happy to hear that. Dad will be very happy. When would you two not see each other?”

“I am welcome. It was my dream to get autographs from Donald and Ivanka Trump. I got Ivanka’s autograph here today, so half of my dream has come true.”

Holding the contract signed by Ivanka, he said with a bright smile.

“He’s a fun guy. I see. We’ll have a seat soon. I’m sure you’ll accept the invitation.”

Ivanka returned with a very light gait.

After that, Yoosung established a new corporation named Ivanka Trump Fashion Group as a subsidiary of Shooting Star, which he is representing.

“Now it feels like a group.”

Shooting Star has now become a full-fledged group company with three affiliates: Sungjin Precision Industry Co., Ltd., Fückler Zimmermann Precision Machine Development, and Ivanka Trump Fashion Group.

To be honest, the name “Shooting Star” is too old-fashioned.

But does it matter?

After all, Ivanka Trump isn’t such a sophisticated name, is it?

“But is that girl’s name really worth $10 million a year?”

Yoosung couldn’t contain his curiosity and asked.

“Of course. You will soon admire your foresight.”

“Okay… what? If it were my brother, it would be.”

Yoosung is still a dubious face.

In the meantime, Eugene and Jaehyuk regularly met and developed friendships.

“If you have more data on the ocean, give it to me. I’ll try to organize a planning article. If you use it properly and throw it on the desk and don’t put it on, I will really hit you.”

Jae-hyeok makes a rant.

“Will you do that? Thank you so much.”

“Thank you. Where is that among friends?”

Eugene handed over the materials Yoosung had found on the Internet.

It’s obvious why Jaehyuk, no, Daeyang wants it.

This is to prepare for what the opponent will bring out in the litigation with Sungjin Precision Industry.

So there was no reason to hand over the real data gathered by the law firm.

However, even the data collected on the Internet was full of testimonies about the evil deeds of the ocean.

Actually, it’s not just the ocean. Because it was not the case today that most large corporations engage in various kinds of abuse or persecution in their relationships with their partner companies.

“It’s not much, but add it to your living expenses.”

Eugene slipped an envelope containing a few thousand dollar bills. It is a gift that Jaehyuk has never missed since he came to New York.

“No, why do you always give me something like this? sorry.”

“Everyone knows that the life of a correspondent is not as glamorous as it seems. Are New York prices a bit expensive? Don’t buy sandwiches every day to save money, and take care of yourself.”

“If you say that, thank you.”

As always, Jaehyuk gently shone the light of his specifications, then reached out and accepted it.

In early December, an article circulated in the US media that Dasan Electronics and Daeyang Electronics were simultaneously targeting Freescale Semiconductor.

As far as Eugene knows, it happened in Dasan.

Although the plan was to take advantage of the stock price boost by quietly working in Daeyang only after the contract was signed, Dasan’s purpose was to intensify competition over Freescale and force Daeyang to withdraw or acquire it at an exorbitant price.

An article that started in an American economic newspaper spread to Korean portals within a few hours, and soon the whole country knew about it.

In the meantime, Dasan Group’s acquisition team has been frantically busy estimating the acquisition price through due diligence with Freescale’s cooperation.

When the price is determined, from then on, a letter of intent is issued and negotiations begin in earnest.

However, since Freescale Semiconductor is not a listed company, it seems difficult to calculate the purchase price.

It was originally a corporation that was spun off from Motorola, but after a private equity consortium took over all the stocks in 2006, there are no stocks on the market.

Therefore, there is no basis for judging the value of stock prices.

In this case, there were a lot of things to evaluate, such as sales and net profit, market share and growth value, organizational culture, and brand value.

“From our side, 18 billion is the Maginot line. To be honest, that’s a 3 billion won premium for management rights.”

At the end of December, Dasan Electronics Vice President Kim Su-ho informed the preliminary bid price.

On this basis, negotiations between the two companies will begin.

“The premium is not so generous.”

Usually, promising companies pay a premium of as little as 20% and as much as 100% or more.

When Freescale was sold to a private equity firm in 2006, it bought a $13 stock for a whopping $30, resulting in a 130% premium.

Of course, they gave such a large premium and haven’t been able to get their money back for 8 years.

8 years have passed since you invested $18 billion, so at least $36 billion would be a barely adequate return.

But so far, the market valuation of Freescale Semiconductor has only been between $15 billion and $18 billion.

“I’m not just trying to devalue. We have to think about our finances.”

Still, Dasan seems to be seriously considering taking over.

“Anyway, so you know.”

“All right.”

Things were going much faster than the usual takeover offer. This is because Dasan knows that Daeyang is aiming.

Now, the competition between the two huge groups, Dasan and Daeyang, has begun in earnest.

Blackstone, which had acquired Freescale, took this opportunity and notified Dasan and Daeyang to a competitive bid in an attempt to wipe out its bad inventory.

In February, the two companies will be offered bids and the preferred bidder will be selected.

From then on, the media in the US and Korea continued to report on the fierce bidding competition between Daeyang and Dasan.

– Who will own the new Freescale Semiconductor?

– Competition between Daeyang and Dasan is on the rise

– Daeyang Group considers the acquisition price of Freescale to be $20 billion

– The competition between the ocean and fertility has entered a new phase.

– According to an anonymous Dasan Electronics official, Freescale is worth at least $22 billion.

– Will Daeyang Electronics, the third largest semiconductor in Korea, gain new vitality by acquiring Freescale?

– Fierce competition between 2nd and 3rd place. What kind of alternative is Cheil Electronics?

Perhaps at first the fertility group and the ocean group spread some sauce.

But as time went on, the media, as always, began to create and spread baseless rumors.

In order to increase the number of views, Cheil Electronics was suddenly brought in, and even names that had nothing to do with semiconductor companies such as Intel or TSMC were mentioned.

Meanwhile, the price of the Freescale acquisition that the media was talking about was getting higher and higher.

“What do you think? Do you think Dasan Electronics will be able to acquire Freescale?”

And as the competition intensified, Jaehyuk’s visits became more frequent.

Of course, the purpose is to dig up any more information about fertility.

“uh. It’s even more chaotic because of Daeyang Electronics. It’s not just a semiconductor problem, it’s affecting cars as well. If the ocean takes Freescale, it will be very difficult.”

“It would be very difficult if we were to take away the ocean and fertility from each other. But isn’t Dasan running out of money these days?”

“It seemed like that. But at the top, the will is too strong. Even by issuing new shares, it seems that they are definitely planning to acquire it.”

“Freescale’s ransom has gone up quite a bit. Did Dasan really spend 23 billion won?”

“Maybe it is. That’s why it’s so desperate.”

“Hey, there’s also competition, so billions of dollars jump quickly.”

“Yeah, what. Isn’t that capitalism?”

“Oh yeah! I am writing articles about Daeyang Heavy Industries. However, since I am in the United States, there are many difficulties with data and coverage. It will take time to use it properly.”

“it’s okay. Don’t be burdened.”

After the conversation, Yooseong gave him pocket money as usual.

Compared to what Jaehyuk would do, this pocket money was not wasted at all.

“Why are you so dark on your face?”

One day, Jae-hyeok, who stopped by Eugene’s mansion as usual, asked Eugene, who was drinking with his droopy shoulders at a bar in the living room.

“uh. a little bit.”

Eugene answered with no energy.

“What? Say it once. Do you know if I can help?”

“Haha… it’s ruined.”

“Damn?”

“uh. it’s a gift I thought that the price of oil had dropped enough to fall, so I changed my position…

“uh? Did oil prices keep dropping?”

“So······.”

“How much did you put in?”

“I pulled leverage to the full. If only $5 rebounded, I could have eaten three or four times as much.”

Eugene had the face of a gambler who had lost all his stake.

“Did you really blow it all away?”

“It’s not all, it’s almost like everything. If that’s the case, I might have to get it out of here next year. damn······.”

Eugene roughly emptied the whiskey glass.

“What? So much money…”

“Well······.”

Eugene was silent for a moment.

Then he picked up a bottle of whiskey, poured it into a glass, and roughly emptied the glass.

Jaehyuk was watching him from the side.

“It is not that there is no way to survive yet.”

Eugene opened his mouth after a while.

“okay? What?”

“I have the right to buy a stake in Freescale that I signed with the Carlyle Group last time.”

“A stake in Freescale?”

“uh. The Carlyle Group owns a 17% stake in Freescale. I decided to take over I paid fifty million dollars as a down payment. Come to think of it, it was a godsend.”

“17% is a lot, isn’t it? How much did you decide to acquire it?”

“Acknowledging the value of Freescale at $18 billion, we agreed to acquire it for $3.1 billion by adding a premium of $40 million to $3.06 billion.”

At that time, Daeyang Group offered $15 billion and negotiated. At $3.1 billion, it was a very attractive price for the Carlyle Group.

“3.1 billion dollars? Isn’t that too much money?”

“Of course it’s big. But looking at what’s going on now, I think fertility will cost at least 24 billion won. This is because the competition between Daeyang and Fertility has intensified.”

“Then, was that why you worked with Dasan Electronics?”

Jaehyuk understood Eugene’s actions.

He did this to sell his 17% stake in Freescale at a high price.

“Of course. It’s over now.”

“But 3.1 billion dollars… where do you get that big money?”

“So that’s the problem. Originally, it was almost done… Damn it, who knew it would fall even further!”

Eugene slammed the glass he was holding on the table roughly.

A quality crystal whiskey glass is still unbreakable.

“But I think you should do well. Where can I ask for a drink? It’s a contract worth almost $4.1 billion right now. Who would refuse a chance to pay $3.1 billion and make $4.1 billion?”

“I see······.”

Jaehyeok looked at each other with a shaky expression on his face.

“The problem is that there is not much time left to pay the balance. ok.”

“How long do you have left?”

“Until the end of January.”

“You say you have to save $3.1 billion by the end of January?”

“uh. whatever you do.”

“I’m happy though. Are you saying that if you catch water, you can still make quite a bit of money?”

“Sure. Then we can start over.”

Eugene drank whiskey with a hardened face.

“It is said that this time, as a gift, they suffered a great loss.”

Jaehyuk reported in an excited voice.

– how much?

“He said he lost all the money he had earned so far.”

As Jaehyuk said that, his mouth was bursting with laughter.

– Are you sure?

“yes.”

Jaehyuk then explained about the stake in Freescale that he heard from Eugene.

– You signed a contract with the Carlyle group?

It was a startling voice.

“yes. I have to pay $3.1 billion by the end of this month.”

– Then there’s no point. No, wait. Does it have to be written by him?

“I hear you are looking for water. If Dasan spends 24 billion won, it’s worth 4.1 billion dollars, so it’s an opportunity to make 1 billion dollars.”

– So you said you found water?

“It doesn’t look like that. There is no guarantee that Dasan will spend 24 billion won, and it will not be easy to find a contractor who will raise $3.1 billion in a short period of time.”

– Hmm, then… Okay. call back tomorrow

Jaehyuk’s call was cut off so abruptly.