Chapter 105 Blackstone Company
Midtown Manhattan, this is the most expensive business core area in New York. Many world-famous financial companies are hidden in the office buildings. But this is not all the world of big companies, many small companies with unique skills can also have a world here.
In an office building in Rockefeller Center, a small company that has just been established has set up its office here. This company was established last year, with a registered capital of only US$400,000 at the beginning of its establishment, and only four bosses and employees. Now a year later, the company has doubled its workforce to ten. Why does a company with only ten members dare to set its office address on Wall Street, because the founders of the company are not ordinary people.
The two founders of this company are both from Lehman Brothers, one of the five major investment banks. The name of the company is Black Stone, which is taken from the Greek meaning stone of the founder Peterson's name and the German meaning of the founder Schwarzman's name. black. Peterson and Schwarzman are not unknown juniors on Wall Street. Before joining Lehman Brothers, Peterson served as Assistant to the Nixon Administration for International Economic Affairs, Secretary of Commerce, Chairman of the National Productivity Council, and Chairman of the US-Soviet Business Council . He has extensive contacts in both political and business circles in the United States, and Peterson is also one of the partners of Lehman Brothers. As for Schwarzman, he was Peterson’s apprentice at Lehman Brothers. When he was at Lehman Brothers, Schwarzman became a Lehman CEO at the age of 31 under the appreciation and support of Peterson. The brothers and partners are simply a miracle on Wall Street.
Peterson and Schwarzman worked very happily at Lehman Brothers. One of the two had extensive connections in the political and business circles, and the other was very proficient in equity investment. So after Lehman Brothers proved its ability and won a good reputation in the industry, the two left Lehman Brothers to start their own business. They used $400,000 and their respective assistants to open this small investment consulting company, whose main business is to help commercial companies provide professional investment advice. However, so far, the development of this company has not been smooth, and it is still in the process of exploring and operating.
During this period, the business war between Yota Communications and AT&T excited the whole Wall Street. Even the two partners of Blackstone began to pay attention to this fierce business battle. From the very beginning, the two companies were evenly matched until KKR, which broke out halfway, reversed the whole situation. This series of dazzling business confrontations made the very calm telecom industry heated up. However, just after KKR announced the sale of shares to AT&T, Wall Street analysts and bankers generally believed that Yota Communications was doomed. AT&T now has 27.95% of the outstanding shares of Motorola, and it is a short distance from the general tender offer. Only one step away. Since Yota Communications is a private company, its finances are not disclosed, but analysts generally believe that the only way out for Yota Communications to go public is to introduce new strategic investors. If Yota Communications goes public for financing, then AT&T, with Goldman Sachs and Morgan Stanley behind it, will never let go of this opportunity to eat the unicorn in the field of mobile communications. Although Eva may lose control of the company, she will still earn a lot of money. No one will be the real loser in this business battle.
To everyone's surprise, Eva, the female head of Yota Communications, did not choose the bright path given by the analysts. Instead, they went everywhere to visit those powerful investment companies, hoping to find new allies without selling their shares. All analysts believe that Eva's stubbornness will completely destroy Yota Communications, a blue chip stock. But Eva's stubbornness made the two partners of Blackstone feel compassion.
Peterson and Schwarzman's Blackstone company doesn't have much business right now, so they use the case of Yota Communications as their research object to pass the time.
By the way, train your inexperienced employees. Schwarzman found all the information on Yota Communications since its opening, and Peterson researched this stubborn company together. From the detailed analysis of the company's finances, technology, and market prospects, Peterson and Schwarzman quickly discovered the value of Yota Communications.
It is not so much that Yota Communications cannot do without AT&T, but rather that AT&T cannot do without Yota Communications. Yota Communication is indeed the leader in the mobile communication market. Their first-generation mobile communication technology has swept the entire United States, and their second-generation mobile communication technology has successfully landed in Japan. According to feedback from the Japanese market, Yota Communications' second-generation mobile technology not only has better call quality, but also can transmit various forms of data. This technology is simply subversive. Because of this data transmission technology, operators in the Japanese market can provide users with real-time information such as weather information, text news, and financial information. That's definitely not what AT&T's current service can match.
"Petersen, do you think there is still room for recovery in Yota Communications?" Schwarzman asked his mentor.
"I don't think this matter is really irreversible. I just think that the female CEO of Yota seems to be trapped in a cage of capital. Sometimes capital problems can not be solved only by capital." Peterson said Said deeply.
"Petersen, I think we should take the initiative to contact Yota Communications. If we can take over the business consulting business of Yota Communications and help them get out of trouble, it will be very helpful for the development of our Blackstone company. , we will definitely become famous on Wall Street!" Schwarzman said excitedly.
"Boy, I knew you could see the essence of this. Yota Communications can do without AT&T, but AT&T can't do without Yota Communications. But I just wonder why this company doesn't accept investment from AT&T , do you have to insist on using your own funds for development?" Peterson asked rhetorically.
"I don't know, but I don't think it matters?" Schwarzman was about to continue persuading Peterson when there was a knock on the office door. After getting Peterson's permission, the door of the room was pushed open, Peterson's personal assistant put a document on the table and said: "Boss, I have consulted with the lawyer, and most of Cisco's patents are There is a competitive relationship with Yota, and Cisco’s patent application time is generally later than Yota. The lawyer said that if Yota initiates a patent lawsuit, Cisco may not be able to pass the test!”
"Schwarzman, let's see if we can invite the beautiful CEO of Yota to come over and talk, now we have what she needs." Peterson said with a smile.
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