bullyxtreme Chapter 217: Winning Nokia: Nokia has a Chinese heart
Chapter 217: Winning Nokia: Nokia has a Chinese heart
As night fell, all the directors in the conference room at Nokia headquarters were in a very bad mood.
After Ollila told them what happened, they became even less optimistic about Nokia's future.
This is simply a leak in the house and it rains all night. The drastic changes in Eastern Europe and the disintegration of the Soviet Union caused Nokia to suffer serious losses. Now the communication technology that it is proud of has fallen behind completely. Even the next generation mobile phone in the laboratory has fallen behind. What a joke. A hammer.
This is simply a reprieve of death for Nokia.
"Let's see what price Huasheng Group offers. If the price is about the same, sell it. It's better than losing money. If they really go to cooperate with Ericsson Siemens, how can we compete..."
One of the directors whispered, which also made the other directors sigh.
"I also agree with the sale. The price is almost finalized. It's cheaper than continuing to drag it out. I'll contact Ericsson to confirm and see if they are willing to acquire..."
Another director also expressed his opinion directly, and then other directors also expressed their opinions.
Sell, sell as soon as possible.
Originally they wanted to sell Nokia, but now Ericsson is unwilling to buy it and Huasheng Group is willing to buy it, which is in their interests.
As for taking the opportunity to kill Huasheng Group, it seems completely impossible now.It would be nice if Huasheng Group didn't kill itself.After all, what they are proud of is now completely beaten by Huasheng Group. If Huasheng Group really cooperates with groups such as Ericsson or Siemens, Nokia will file for bankruptcy in a few years and become worthless.
Ollila looked at these shareholders and sighed inwardly.
As president, he can only listen to shareholders now.As for the future, let’s talk about it later.If I can't stay at Nokia, I'll find another job.
Nokia took action and contacted Ericsson again.
Ericsson also responded by clearly rejecting Nokia's acquisition request.Ericsson's life is now in jeopardy. How can it afford to take on this mess?
Ericsson's rejection eliminated Nokia's last hope of selling at a high price.
In the afternoon, a negotiation officially began in the conference room.
This time, not only Ollila attended, but also Nokia's major shareholders.
Looking at the quotation given by Nokia, Xu Huasheng frowned.
This time, Nokia’s offer was US$45 billion.This quotation includes all Nokia's businesses. Now Nokia's business is very broad. In addition to communications business, there are also consumer products business, TV business, machining business and so on.
Nokia has even reached the second place in Europe in the TV market, and its strength is still very strong.
But these businesses are not what Xu Huasheng wants.All he wants is the communications business, and the acquisition of Nokia is just to prepare for the communications business.
"Everyone, our company currently only wants to acquire your company's communications business, and this offer is a bit high. Shareholders, you must be a little reluctant to sell Nokia. How about we change the way of cooperation?"
Xu Huasheng raised his head and said with a smile, which made everyone look curious.
"You sell me the communications business, and we will cooperate in other businesses. As everyone must know about Wosheng Group, your Nokia can also be the second Wosheng. Our Huasheng Group can produce products for Wosheng, and we can also produce products for Wosheng. Nokia produces products. Even if it cannot compete with WoSheng in the United States, Europe is your home base. You can shine in the European market. A European market is enough for everyone to make a lot of money. The same is true for other industries. I When doing business, this person has always believed that only win-win cooperation can lead to further progress..."
Xu Huasheng's suggestion made all shareholders' eyes light up.
Wo Sheng Group is very famous and makes crazy money.
If Nokia can get good products like Wo Sheng, and then use its current channels and reputation, it will definitely do better.
At least in Europe, this cooperation method will definitely allow Nokia to make a lot of money.
Xu Huasheng's proposal made the conference room lively again. The negotiation lasted for several hours. After a few hours, the final cooperation method was finalized.
Xu Huasheng’s investment fund acquired Nokia’s communications business for US$15.8 billion.Nokia's communications industry became independent and became the new Nokia Communications Company.
Nokia's electrical appliance business became independent and became Nokia Appliances. Huasheng Group invested in technology and products, accounting for 20.00% of the company's shares.And Huasheng Group must introduce new products to Nokia Appliances within half a year, including DVDs, air fryers, fascia guns and other products.
Nokia's machinery factory became independent and established Nokia Machinery Company, which will focus on machine tool business in the future.Xu Huasheng invested in this company with technology and US$5 million in capital, accounting for 51% of the company's equity.
Nokia Machinery will establish a machine tool factory in China to produce a variety of machine tools and then sell them globally.To put it bluntly, it is also the Wosheng model, but it changes from electrical appliances to machine tools.
In the conference room, Xu Huasheng used a CD to demonstrate Huasheng Group's machine tool technology, but the technologies displayed were all mid- to low-end machine tools, with no four-axis or five-axis, and the most advanced ones were only three-axis.But even so, it is very important for Nokia.
With these technologies and China's cheap labor, the production cost of these machine tools will definitely be very low.As long as the price is low, it will be competitive. Although high-end machine tools have high profits, low-end machine tools are in great demand. There are also many low-end CNC machine tools in the European market.
The negotiations came to an end, and the Nokia Group was split into three major companies: Nokia Appliances, Nokia Machinery, and Nokia Communications.
As for other businesses, Xu Huasheng does not want them, and the shareholders are preparing to sell other industries slowly.
Nokia Communications is unique to Xu Huasheng. In the future, Nokia Communications will have three main businesses: telecommunications industry, base station services, and consumer goods business.
To put it simply, they sell phone cards, broadband, base stations, and mobile phones.Directly use technology and funds to build Nokia into a trinity of European communications companies.From base stations, to intermediate communication services, to end products.
If these three businesses proceed smoothly, Nokia will become a super giant in the future.
As Nokia grows in the future, Xu Huasheng can slowly introduce some powerful capital.At that time, Nokia can use its local advantages to make money for itself. At least in Europe, Nokia will not have any problems.
You must know that Finland will join the European Union in the future, and will also join the Eurozone.It is the only country in the Eurozone among the five Nordic countries. Although it is a small country, it is a serious EU member and Eurozone country. If the United States shamelessly sanctions Nokia, see if the EU will follow suit.If you follow, the entire EU will become a joke. If you don't, the relationship between the EU and the United States will become hostile, and Huasheng Group will benefit no matter what.
As for the EU acting like a monster to force Xu Huasheng to sell his shares in Nokia, and even directly confiscate these assets, haha, we will find out when we try, unless the EU does not intend to do business with China.
Besides, once Xu Huasheng withdraws his capital, Nokia will collapse instantly, because Xu Huasheng plans to build Nokia into the largest comprador giant in Europe.In the future, Nokia will not even have a R&D department. It will just be responsible for selling products like Wo Sheng. All products will be provided by Hua Sheng Group, and Nokia will only be responsible for OEM sales.