Spy-x-War Showdown
Chapter 924 - 929 My Style

Chapter 924: Chapter 929 My Style

Boer handed several bound documents to Yang Yi, who flipped through them briefly and asked, "Acquisition plan?"

"Yes, an acquisition plan."

"A private jet service company!"

Yang Yi looked up, his face full of surprise as he said, "I asked you to think about how I could buy a private jet, but your idea is to acquire an entire private jet service company?"

Boer nodded solemnly, "Yes, buying a single private jet won’t solve our problems, but a private jet company will. In the United States, private jets are quite common. If you have the money to pay the landing fees, you can land at Kennedy International Airport. If you want to land at a small airport, there are more than sixty different private airports around New York alone to choose from."

Yang Yi nodded, "Yes, owning a private jet in the United States is very convenient, and chartering or leasing one isn’t that difficult either. You’re right; I was thinking too small-scale."

Boer smiled lightly, then he spoke with gravity, "When you only had two hundred million US dollars, you were reluctant to buy a fifty million dollar private jet. But now that you have over ten billion, you can acquire a private jet service company, have your own main airport, your own planes, and most importantly, have routes! And Dart America Company is one that fits the bill."

Yang Yi looked through the documents again, "Main base in the United States, owns a fleet of one hundred and twenty-two aircraft of various models including Gulfstream, Bombardier, Cessna, among which thirty-five are capable of intercontinental flights, covering most countries in the Americas and Europe. This company is quite impressive!"

Boer nodded, "Yes, it is. The company’s assets are approximately 1.6 billion US dollars. However, due to poor management, it has been losing money for four consecutive years, with a loss of twelve million last year."

Yang Yi took a breath, "1.6 billion US dollars? That’s not so much. I think this business deal is doable. Once we acquire this company, our operations will be much more convenient."

Boer frowned, "How much do you plan to spend on the acquisition?"

"One point six billion. Didn’t you just say the company’s current asset value is 1.6 billion US dollars? Just those private jets capable of intercontinental flights must be worth quite a bit."

Boer shook his head, then he said solemnly, "1.6 billion US dollars is a very, very large sum of money, not everyone is willing to spend 1.6 billion to acquire a company, especially a losing one. So I’m definitely not going to spend 1.6 billion on a losing private jet service company."

"You mean... how much do you plan to spend on the acquisition?"

Boer smiled lightly, then said gravely, "Two hundred million to acquire more than fifty percent of the shares, three hundred at most."

Yang Yi was stunned for a moment, then said with a puzzled look, "I admit I don’t understand finance, and I’m not too clear on corporate acquisitions either, but I don’t think anyone would sell you a company valued at 1.6 billion US dollars for a tenth of its price, right? Okay, even if you’re only acquiring fifty percent of the shares, that should still be eight hundred million!"

Boer shrugged, then he spoke seriously, "It’s simple, just drive Dart America Company to the brink of bankruptcy. What do you do? Cause one or two accidents for Dart America Company, then spread negative news about Dart America extensively, forcing the company to the edge of bankruptcy, then its shares won’t be worth so much."

"A publicly-traded company?"

"No, privately held, fully controlled."

"Then... wouldn’t others compete with us?"

Boer sighed, then spoke to Yang Yi with a resigned look, "What do you do? What do we do? Of course, you have to get your hands on the company before others compete with you! This isn’t a pure business acquisition, this is... a forceful takeover!"

Yang Yi was taken aback for a moment, then said softly, "I’d feel guilty about it."

Boer rolled his eyes, then said sternly, "Business is like a battlefield."

Yang Yi shook his head, speaking softly, "Now we’re not short of money, there’s no need to... cut off someone’s livelihood."

Boer spread his hands, "What are you thinking? Isn’t this precisely what every successful businessman does?"

"But I’m not a businessman..."

Boer looked surprised, raising his voice, "Then what do you plan to do? Spend one billion US dollars on something that could be done with two hundred million? Let me tell you, Dart America Company has a lot of bank loans, at least two hundred million. If the company is on the verge of bankruptcy, the banks will come knocking. If Dart America can’t repay, they’ll go bankrupt, and in the asset liquidation, the banks won’t let Dart America go, so the company will belong to the banks. Dart America’s owner won’t get a dime, and that’s when he’s truly finished. If we can present two to three hundred million to pay off his loans just as the banks tighten the screws, simply for fifty-one percent of the shares, the owner would kneel and thank you since he’d at least retain half his wealth; he would just lose control."

Yang Yi scratched his head, then said quietly, "Why not take all the shares?"

"Because we need Ned Dart to keep running the company. He has good relations with the US aviation authorities, with many airports. Without him, we would have to rebuild those network relationships, but by keeping him, we can immediately use all the company’s resources. You want to send people with weapons to the United States? Or want to transport someone from France to Italy? No problem, a phone call can solve it. That’s why we must keep Ned Dart."

"Dart America’s owner is named Ned Dart, alright, I see. Hmm, why... I still don’t want to take away his assets."

Boer, facing Yang Yi’s determined look, placed his hand above his head for a moment, then spoke with a look of resignation, "God, what are you thinking? Do you know how hard it is to make a hundred million dollars? Money shouldn’t be wasted, especially when you can save. Listen to me, you can squander your money if you want. You want to spend a million in a nightclub in one night? No problem, it doesn’t matter how extravaganza or extravagant you are, it’s your money, isn’t the hard work to earn money for spending? But you can’t waste even a dollar when doing business because it’s a matter of principle, an attitude toward business. Business is business; you can’t waste a dollar on it!"

Yang Yi gave a wry smile, "If I say I would feel guilty... Do you believe me?"

Boer threw his hands down hard, "Since the money is under my management, business is up to me, then we must do it my way! I don’t care if you have a conscience! Buddy, I won’t break my rules to cater to your conscience. That’s how I do business, and you need to respect my style and rules!"