Domination in America, Starting from being a Boxing Champion

Chapter 488 - 400 Shares



Link and Ivanka had spent over two hours at the Getty Center. They spent $1.6 million to acquire five paintings and sculptures, all chosen by Ivanka.

Link could hardly see what was so special about these pieces of art, but Ivanka insisted they were perfectly suited for their bay villa, to enhance its artistic flair.

Once back home and having had the decorations installed by a designer, Link noticed some changes. At the very least, the overall price of the mansion had increased.

Shortly after returning home, Mrs. Cathy Wood called from Wall Street.

She said that Carl Icahn, the third-largest shareholder of Lionsgate Films and a notable Wall Street investor, had agreed to sell his 14.5% shares but demanded a 20% premium because last year, Lionsgate's stock price had hit $700 million, not the current $630 million.

Last year, Carl Icahn had planned a complete takeover of Lionsgate Films, proposing to buy it for $350 million in equity and assuming $180 million in debt, but Lionsgate's board rejected it. The fallout was unpleasant, prompting Icahn to decide to sell his Lionsgate shares.

After Link decided to acquire Lionsgate Films, Cathy contacted Carl Icahn through the channels of Vanguard Asset Management Company, aiming to secure his shares.

After two days of negotiations, they reached an agreement. Link's team would buy Carl Icahn's 14.5% share of Lionsgate Films for $108 million.

However, during the purchase, Mrs. Cathy informed him that Golden Shell Investment didn't have enough cash on hand and would need to borrow part of it.

Link realized he had bought quite a few things this year and made less money. After wrapping up these matters, he knew he needed to find a way to make some money.

Upon successfully acquiring the 14.5% stake, Golden Shell Investment became the third-largest shareholder of Lionsgate Films. In order to have decision-making power on the board, he continued to issue acquisition offers to the first and second largest shareholders.

The largest shareholder of Lionsgate Films was Jon Feltheimer, a famous producer with works like "Rambo IV" and "The Expendables", and also the current chairman of Lionsgate, holding 28.7% of its stocks.

The second-largest shareholder was media mogul John Marlon, holding 22.4% of Lionsgate stocks and also a friend of Harvey Weinstein.

Link also issued acquisition offers to the fourth, fifth, and sixth largest shareholders, proposing a premium of over 15%. His goal was to become the top shareholder of Lionsgate and have decision-making authority in the company.

However, as news of his decision to acquire Lionsgate Films spread, the second-largest shareholder, John Marlon, also began making acquisition proposals to several minor shareholders. The bidding war that ensued caused the stock prices of Lionsgate to soar rapidly.

In one day, it rose from $7.4 per share to $8.2 per share, bringing its market value to $704 million.

The rise in stock price added some difficulty to his acquisition.

But Link didn't mind. He sent a message through the media to the public, stating that no matter how much Lionsgate's stock rose, he would continue his acquisition until he had complete control of Lionsgate Films.

This news, reported by the "Hollywood Reporter", caused quite a stir in Hollywood.

Link, a new billionaire, was well-known, and it also came to light that he was having a feud with Hollywood magnate Harvey Weinstein.

Rumors started because Weinstein wanted to sexually exploit Jennifer Lawrence, the lead actress from "Silver Linings Playbook", and was vehemently cursed out by her rumored boyfriend Link.

Weinstein, furious and embarrassed, announced he would blacklist Link and his affiliated actors, leading to Link losing the "In Time" and "Friends with Benefits" movie projects.

Meanwhile, Weinstein used his connections at CAA to snatch the role of the female lead in "The Hunger Games" from Jennifer, even though it was already secured.

"The Hunger Games" was Lionsgate's largest investment project of the year.

Outraged, Link had not hesitated to loan over a hundred million dollars to acquire the 14.5% stake from Lionsgate's third-largest shareholder and even declared his intent to take full control of Lionsgate Films, all in a bid to secure Jennifer Lawrence the leading role in "The Hunger Games" and get revenge.

Hearing these rumors, Hollywood's gossipmongers were buzzing with discussions.

Some joked that Link, young and impetuous, thought he could conquer the enigmatic Hollywood with his capital, only to lose everything eventually.

Others mentioned that Weinstein had fouled up with his sexual advances and had angered a formidable adversary.

Some envied Jennifer for having found such a reliable supporter who was willing to confront Hollywood's most powerful figures head-on and take over a major independent film company just to retrieve a role for her.

This move was reminiscent of the 1940s, when billionaire playboy Howard Hughes invested millions to produce movies just to promote actress Jean Harlow.

Unfortunately, the box office flops nearly bankrupted Hughes.

More than seventy years later, history seemed to repeat as another playboy undertook a similar venture.

Many believed that Link would repeat Hughes' history, possibly facing an even worse outcome since Hughes was then the wealthiest man in America with an airline company, while Link's fortune was only in the ballpark of two billion dollars.

In Hollywood, where billions are poured into movie production and promotion annually, two billion dollars isn't considered a lot of money.

Many predicted that Link would disastrously exit this game of capital.

"This kid wants to buy out Lionsgate Films just for a role? Hahaha! Ridiculous, this is the funniest joke I've heard this year."

In the office of the president of Weinstein Company, Harvey, seeing the news in the "Los Angeles Times", grinned with his toad-like mouth and laughed uncontrollably, his belly shaking along.

Enhance your reading experience by removing ads for as low as $1!

Remove Ads From $1

Tip: You can use left, right, A and D keyboard keys to browse between chapters.