Just when Barron was in Los Angeles accompanying Fan Bingbing and Rebecca, mother and daughter, he finally got the news. After several negotiations, Tianhe Capital finally completed the acquisition of Nanjing Automobile Group.
In fact, this acquisition involved three parties, namely Tianhe Capital, Yuejin Group and SAIC Group.
Among them, Yuejin Group is the parent company of Nanjing Automobile, and the controlling shareholder of Yuejin Group is the State-owned Assets Supervision and Administration Commission of Jiangsu Province.
According to the agreement they finally reached, SAIC Group will first acquire the assets of the former British Rover company, including the MG brand, from Yuejin Group with stocks worth 500 million Chinese yuan.
Then, Tianhe Capital will acquire Nanjing Automobile Group, a subsidiary of Yuejin Group, for US$1.2 billion (equivalent to approximately 9.54 billion Chinese yuan), thereby acquiring Nanjing Automobile Group's production base and related sales channels.
Through this transaction, SAIC Group resolved its conflict with Nanjing Automobile Group over the brand and technology of Rover, and acquired the MG car brand in addition to Roewe.
Tianhe Capital has completed the largest automobile company acquisition in China to date, bringing Nanjing Automobile Group under its umbrella.
At the same time, in the relevant agreement, Tianhe Capital also promised to invest no less than US$1 billion in Jiangsu Province in the future to expand Nanjing Automobile Group's production base.
After Tianhe Capital acquired Nanjing Automobile Group, its related joint venture Nanjing Iveco will continue to exist and produce and sell small passenger cars.
As for NAC Fiat, it will be completely shut down - the sales volume of this brand itself is very low anyway, and there is no need for it to exist.
Afterwards, Nanjing Automobile Group will negotiate with British Motor Group on a joint venture. They will set up Nanjing British Automobile Company. Nanjing Automobile Group and British Motor Group will each hold 50% of the shares of the joint venture. They will introduce British Motor Group's production technology and produce some Jaguar and Land Rover models at Nanjing Automobile Group's production base.
The previously established TRW Yingqi Sales and Service Company will become a wholly-owned subsidiary of Nanjing Yingqi Company, responsible for the sales and after-sales of its own models and imported models of Yingqi Group. After merging some of Nanjing Automobile's previous 4S stores, it will deploy TRW Yingqi's 4S stores across the country to sell Nanjing Automobile's related car models and Yingqi Group's imported models.
It can be said that both the acquisition of Nanjing Automobile Group by Tianhe Capital and the cooperation between British Motor Group and Nanjing Automobile Group have attracted great attention in China.
After all, this represents some changes in the current landscape of China's domestic automobile industry. At the same time, this cooperation with British Motor Group will also be the first time that the two luxury car brands, Jaguar and Land Rover, will have domestically produced models, which is very attractive to some users who like these two brands.
Of course, the localization of the Jaguar and Land Rover brands cannot be completed in the short term. In the early stages of localization, major components including engines must be imported from Britain, while other components with relatively low technical content must be localized first and then assembled into the entire vehicle.
But even so, the expansion of Nanjing Automobile Group's production base is what Jiangsu Province hopes to see.
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"Dear, based on the idea you proposed last time, we have organized a screenwriter to write part of the script..."
Barron took the script from Rebecca, put it down, and said to her:
"What do you think of this idea?"
"Very... bold. I think many viewers would be very interested in such a feud among top wealthy families. But the key is whether the plot can attract people."
"So the script is one thing, but you also need a producer who is capable enough to control it all."
"I know a man named Jesse Armstrong, who used to be a screenwriter and just tried to be a producer today. His style is more in line with this script."
Hearing Rebecca's words, Barron nodded and said,
"We can ask him to give it a try and polish the script first."
He looked at the script on the table. On the cover of the script, it was written "Battle of Succession".
The TV series "Succession" had its first season aired in 2018 during Barron's previous life, but in fact, the original script of the TV series appeared in 2010.
At the end of 2010, a script won praise from many filmmakers in the Hollywood circle. However, the script could not find an investor because the name of the script was "Murdoch", which tells the story of the Murdoch family, the media tycoon who controls 20th Century Fox and has a omnipotent influence in Hollywood.
At the time, the Murdoch family was under investigation for the "phone-hacking" incident. Murdoch, who was embroiled in scandal, would naturally use all means to prevent this script from being filmed.
Later, the beginning of "Succession" was almost identical to the beginning of the script that was circulated in 2010 -
At his 80th birthday party, the media tycoon asked his children to agree to add his foreign stepmother's voting rights to the family trust fund (the script 8 years ago was to add stepmother Tang Wen-ti's two daughters).
This was strongly opposed by their children, who formed alliances and schemed against each other, resulting in them still being manipulated by the wily media tycoon.
Only this time, the protagonists' last names were changed from Murdoch to the fictional Roy.
The reason why we chose to film this TV series in America is that in the previous life, several seasons of the TV series "Succession" were widely acclaimed after they were launched. Not only did it have high ratings and swept many awards, but the various luxury cars driven by the wealthy people in this TV series were also impressive.
After the establishment of the British Motor Group, it was necessary to market its luxury car brands through various means. Having luxury cars such as Bentley, Aston Martin, Jaguar and Land Rover appear in such a popular TV series had an immediate effect.
Of course, Barron would not admit that he would use such a TV series to allude to the Murdoch family.
After all, although he will restore some plots of the original script in the script, the content will definitely not copy the situation of the Murdoch family. It will also have the shadows of some other wealthy families. For example, the Sinclair family's previous seizure of power can also provide them with some inspiration. In addition, there are other wealthy families. Anyway, these plots are basically the same.
Moreover, Barron is not planning to start filming immediately. He has to wait until the new models of the brands under the British Motor Group are launched before allowing them to appear in the TV series.
Well, maybe Fan Bingbing will have the opportunity to make a cameo appearance in this TV series.