NBC Universal Acquisition? NO DEAL!
Good morning. I haven't slept in two days - so I will be brief before the Ambien kicks in.
Last night, I had a rather heated discussion with my old friend and competitor Jeff Zucker, President & CEO of NBC Universal and his boss, Jeffrey Immelt, Chairman & CEO of GE (who is one hell of a salsa dancer!). I've never seen a couple of guys try to unload such a troubled company for such a high price. $40 - $50 BILLION?!! You've fucking got to be kidding. And that's for 80%!!
Don't tell anyone... but I have a feeling they were kidding and will end up having to settle for around $20 billion for their piece (thank you Jay Leno - last night's ratings 4.5/8) - putting an overall valuation at $25 billion (including Vivendi's slice).
After a lot of Slivovitz, many tears, several false accusations about whether a certain woman was a prostitute or not, I had to walk away. While the idea of owning a once mighty network and studio has a certain appeal, I feel Manka Bros. is already the most complete, largest and perfectly aligned of all the major media conglomerates. A big acquisition will only muddle our content and distribution efforts and result in too much chaos in the near-term.
Now, should they lowered their price to, say, $50 million bucks cash... I will take that call. But for now, no thank you Jeff and Jeffrey.
Good luck with Time Warner. Jeff Bewkes is awaiting your visit (be sure to have hat in hand).
Khan Manka, Jr. - Chairman & CEO - Manka Bros. Studios - The World's Largest Media Company
Last night, I had a rather heated discussion with my old friend and competitor Jeff Zucker, President & CEO of NBC Universal and his boss, Jeffrey Immelt, Chairman & CEO of GE (who is one hell of a salsa dancer!). I've never seen a couple of guys try to unload such a troubled company for such a high price. $40 - $50 BILLION?!! You've fucking got to be kidding. And that's for 80%!! Don't tell anyone... but I have a feeling they were kidding and will end up having to settle for around $20 billion for their piece (thank you Jay Leno - last night's ratings 4.5/8) - putting an overall valuation at $25 billion (including Vivendi's slice).
After a lot of Slivovitz, many tears, several false accusations about whether a certain woman was a prostitute or not, I had to walk away. While the idea of owning a once mighty network and studio has a certain appeal, I feel Manka Bros. is already the most complete, largest and perfectly aligned of all the major media conglomerates. A big acquisition will only muddle our content and distribution efforts and result in too much chaos in the near-term.
Now, should they lowered their price to, say, $50 million bucks cash... I will take that call. But for now, no thank you Jeff and Jeffrey.
Good luck with Time Warner. Jeff Bewkes is awaiting your visit (be sure to have hat in hand).
Khan Manka, Jr. - Chairman & CEO - Manka Bros. Studios - The World's Largest Media Company0 TrackBacks
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6 Comments
About Khan Manka, Jr.
Khan Manka, Jr. assumed the title of Chairman of the Board of Manka Bros. Studios - The World's Largest Media Company - following his father Harry Manka's death in 1976. Before that he was the member of several Southern California rock bands.
Absolutely, sir. Good move. It would completely throw our entire television operation into chaos.
Jay McBee - President - Manka Bros. Television Group
You didn't have to be so mean about it, Khan. Just say you couldn't make it work or something. These guys are just trying to get everything they can for their company. You can't fault them.
I'm surprised they took the meeting. I disagree that Manka Bros. doesn't need NBCU. Manka bros. DESPERATELY NEEDS NBCU.
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