Becoming a Russian Oligarch After Rebirth
Chapter 590: Packaged Acquisition_1

Chapter 590: Chapter 590: Packaged Acquisition_1

Rossiyana didn’t understand Wang Ye’s thinking, and Wang Ye didn’t feel the need to explain too much to her.

What he was doing was for those who could understand, and Rossiyana wasn’t among them.

He teased, "What if I asked your family for a loan? Your family should be able to come up with those fifty billion US dollars, right? These days, the communication industry is really profitable. My monthly phone bill alone costs me several hundred dollars."

Rossiyana rolled her eyes at him, saying unhappily, "When I take over the family business, that won’t be a problem. Unfortunately, I don’t have any say in the family business now, so you’re not going to get a penny!"

Wang Ye feigned a sigh, saying, "That’s a pity. You should go back to the family business and gain some experience before taking it over, rather than taking a job as my assistant. It’s not like I can help you vie for the next... what do you call it in your family? Clan Chief?"

"No, it’s the Chairman of the Family Fund. My grandfather is currently the Chairman, but there are several siblings in my father’s generation. As for my various cousins and such, there are even more of them. Who knows when it’ll be my turn," she said, seemingly not too concerned about the issue.

Wang Ye wasn’t too familiar with these large families either.

However, he may indeed venture into the telecommunications industry in the future, but not now.

When that time comes, he might even help Rossiyana out.

If Rossiyana were to take up the position of Chairman of their family’s fund, she could provide more convenience to Wang Ye.

Wang Ye always favored mutually beneficial deals.

......

Having resolved the funding issue, Kaja accelerated the acquisition process.

On October 6th, Kaja and a team specifically assembled by Polar Bear Investment Company for the acquisition reported to Wang Ye on their work acquiring automobile brands in the large meeting room at the top of Xiao Ying Hotel.

They had already had two or three rounds of talks with Ford, and many details had been discussed. Now, they were just waiting for Wang Ye’s final decision.

In the meeting room, Wang Ye sat at the head of the long table, with his special assistant Rossiyana, of course, sitting next to him.

"Boss, we’ve talked to Ford, and they’re hoping that we could purchase Volvo, Jaguar, and Land Rover as a package which would give us a certain discount on the price. Moreover, all the relevant technical patents of these three brands would be transferred to us..." Kaja said, showing that she had come a long way from her innocent starlet days. She was starting to show signs of having become a formidable corporate woman.

After hearing her report, Wang Ye calmly asked, "If we purchase all three brands as a package, how much are they asking for?"

"They’re asking for twenty-four billion US dollars for Volvo, sixteen billion for Land Rover, and eight billion for Jaguar, adding up to a total of forty-eight billion US dollars! Of course, if we purchase all three brands as a package, we might be able to negotiate the total price down to around forty-five billion US dollars," Kaja said clearly.

Wang Ye pondered for a moment, then carefully said, "In that case...you should talk to them again. We’ll offer forty billion US dollars in cash, paid in one lump sum, to buy all three brands as a package!".

His offer was a bit aggressive, but the condition was good enough.

In these types of big acquisitions, it’s rare to see all cash paid in one lump sum.

Most of the time, transactions involve share swaps or installment payments. Very few are as straightforward.

With sufficient funding, Wang Ye could afford to be arbitrary—to spend forty billion US dollars in one go. He didn’t believe that Ford wouldn’t be tempted.

Rumour had it that the company had been having a hard time these past few years. Aggressive expansion in previous years had led to severe losses.

The reason they were selling these subsidiaries was to remedy the situation.

Ford definitely wouldn’t sell its two core brands, Ford and Lincoln. As for the other brands, it wouldn’t mind letting them go.

Kaja nodded her head, saying cautiously, "Alright, boss, I’ll contact them as soon as possible. There probably won’t be any major issues. From our negotiations, it’s clear that they are in dire need of cash. We’re not the only ones interested. There are several Asian companies also in contact with Ford. The reason we were able to stand out and gain approval was that from the start, we told them we would pay in cash."

Of course Wang Ye knew that if he hadn’t stepped in, the three brands would have ended up with the Tata Group in India and Geely Group in China.

But from what he understood, it had taken those two companies several years to acquire these brands.

It seemed that the deals had only been finalised around 2006 or 2007.

After all, deciding on an acquisition that involved tens of billions of US dollars wasn’t easy.

Both sides would haggle back and forth, splitting hairs over the smallest details, and before they knew it, several years would have passed. However, none of them could ever be as straightforward as Wang Ye.

In a matter of a few short months, he had virtually sealed a deal worth nearly fifty billion US dollars!

There was no helping it, the only thing that Wang Ye had in abundance was money...

...

Kaja was highly efficient. Three days after the report meeting, she came to see Wang Ye again.

"Boss, I’ve finalised the terms with them. The final price is forty-two billion US dollars. They say they can’t lower it any further. What do you think of this price?" she asked, somewhat nervously. She was worried that Wang Ye would think less of her for not being able to negotiate down the price.

Because Wang Ye’s initial offer was forty billion US dollars for the packaged purchase, regardless of how she negotiated, the other party was adamant that they wouldn’t go below forty-two billion US dollars.

Perhaps this was just a bluff on their part, and if she stalled for two or three years, the price would naturally come down.

However, Wang Ye didn’t care about this small amount of money anymore. To him, time was more valuable.

To save two billion US dollars and delay the acquisition for two to three years?

He certainly didn’t want that.

So, he hesitated only briefly before resolutely saying, "Tell them we’re ready to sign the contract! Let’s go with a price of forty-two billion US dollars, but we must get all the technical patents and design patents from these three companies. We can’t have them trick us into buying empty shells."

The most valuable asset of these three car companies was naturally the brand, but the technical patents also held substantial value.

While they couldn’t compete with the likes of Mercedes-Benz, BMW, and Volkswagen, each had its own unique advantages.

Like Volvo’s focus on safety and environmental protection, Land Rover’s luxury off-road vehicles, these were all well-known in the industry.

As for Jaguar...

Wang Ye didn’t really know what made this brand stand out. Consider it an extra purchase then.