Victory in Life
Chapter 154
"Uncle Law, is Gladness Entertainment seriously considering selling?" ask Jasper.
Zachary nodded and said, "Their boss, Michael Lane, is an old friend of mine."
"Gladness Entertainment Movies is a subsidiary of Gladness International Corporation. The company did quite well in its early years, and made quite a lot of money in the film industry. However, the film City Harbor has lost its popularity in recent years.
"That's why he decided to shift his focus from the film industry to financial asset management and go international. That's why he wants to cut down on the entertainment part of his company and sell it."
Jasper thinks Gladness Entertainment Movies owner Michael Lane is a visionary.
In his past life, the films of Harbor City reached its peak in the 90s. Gangster movies, gambling movies, and movies starring Stephen Cole have shaped the younger generation of an entire generation.
However, their fame began to fade starting from 2000, and this lasted until 2020.
However, Michael Lane did not sell the company in his previous life.
"How much did he sell it?" ask Jasper.
Zachary frowned slightly as he said, "That's where things get complicated. To be honest, if Gladness Entertainment Movies doesn't meet all your requirements, I'll get rid of it soon."
"First of all, Michael is looking for a strong buyer to buy the equity of another company through the sale of the equity of his own company.
"If you want to buy with cash, he's asking for no more than two billion dollars for the entire company."
Jasper now understood why Gladness Entertainment had never been sold in his previous life after hearing what Zachary had said.
Michael Lane was blinded by money.
One can't even understand how much two billion dollars is. Jasper only spent ten million dollars to own a controlling stake in Terizone.
Although, Terizone is a grassroots organization that is still far from being developed to its full potential.
In Jasper's opinion, Gladness Entertainment Movies is worth no more than 1.5 billion dollars although it still holds the copyright to many movies and has many cinematic resources.
It would only be strange if someone decided to buy it.
No wonder Gladness Entertainment Company had not managed to sell in his past life.
"Gladness International is only worth five billion dollars as a listed company. Asking for two billion dollars just for a movie sub-company is a daylight robbery" Anna said, frowning.
"You can't see things like that" Jasper said as he shook his head.
"The price of goods cannot be measured only by the market price. If you find something you like, it doesn't matter if you pay a slightly higher price for it. If it's something you don't like, you won't buy it even if it's lower than the market price."
Zachary smiles. "That makes sense. If we think about the influence of Gladness Entertainment Movies, it's no surprise that there's a markup."
"After all, even though the City of Harbor movies are not as popular as they used to be, the market for them still exists. As one of the top five companies in the industry, Gladness Entertainment has an excellent system."
"So, if Jasper wanted to enter the entertainment industry it would be a solid deal for him if he splurged and bought Gladness Entertainment Industry. Only the time and labor costs you will save in the process are enormous."
"Because of that, I can't splurge for no reason. Uncle Law, please help me arrange a meeting with Mr. Lane. I want to talk to him" said Jasper.
Zachary nodded. "If you think there's a need for a meeting, I'll be more than willing to bring the two of you together. How about this? Most of the tycoons in Harbor City will be attending a charity party tomorrow to show their support. You can go with Anna."
"Faal party?"
Waves of emotion swept over Jasper.
They mostly just buy some harmless items for auction and then donate the collected money to those in need.
Frankly, it is a place where wealthy people will mingle and spend some money to build a good reputation for themselves.
Such charity auctions exist all over the world, but Harbor City tycoons love to use this method to show off.
He never imagined that he would also attend such a charity auction after being reborn.
"What's wrong?" Zachary asked after noticing the strange expression on Jasper's face
He thought that Jasper was not a fan of such events.
"none. I was just curious because I had never attended such an event before," Jasper said with a smile.
Zachary laughed and said, "This is just a place where we talk, meet new friends, and expand our social circle. We also bought some trinkets that will never be seen again to build a good reputation."
"Henry was familiar with such places. I'll make him take you."
Henry grinned as he said, "This is just a place for you to show off, which you're good at."
Zachary glared at Henry, who had forgotten his place. He immediately closed his mouth and stopped joking.
"Alright, I'll make sure to be on time the day after tomorrow," Jasper said.
After Jasper bids farewell to Law's family, Henry acts as his driver back to the hotel.
However, this time, Henry did not mind his duties at all.
After bragging all the way to the hotel, Henry rushes as soon as he drops Jasper off. It was clear from the direction he was driving that he was not heading home. He probably went somewhere to have fun.
Jasper doesn't care.
When he returned to his room, he discussed the company's plans with Jack and Hudson as usual. It was past midnight when they finished everything.
Jasper called Wendy as soon as the meeting ended.
"You haven't slept?" ask Jasper.
"I'm waiting for you to call" said Wendy, her voice as gentle as ever.
Smiling, Jasper asked, "Is a lot going on in the company these few days?"
"Everything is fine with the company, but trying to learn financial things is difficult. It's very complicated," Wendy said desperately as she flopped onto the bed.
"Every process takes time. Do not be too eager to achieve achievements and do it slowly. I can't see you passing out from exhaustion" Jasper said with a smile.
Wendy snorted and said, "You're worried that I'm going to faint from exhaustion? Look at you, make a long trip to Harbor City without coming back sooner."
"I still have some things to do. I'll be back as soon as I'm done" Jasper said.
Wendy turned to her side and said, "Oh, right, Dad wants me to tell you to visit him once you get back to the Mainland. I think there's been some progress with entertainment companies in the Mainland and he wants you to talk to them."
"I'll handle it once I get back. There's a more pressing issue in Harbor City."