Breaking Up Is Better Than Divorce

chapter 26



dancing bear

“Why doesn’t the general manager ever come?”

The child’s maternal grandmother, who was holding her newborn baby, said as she stood by the window in the living room overlooking the East Sea and looked at the child’s mother smoking a cigarette.

“I told you not to talk to him. Mom.”

The child’s mother responded coldly, exhaling cigarette smoke.

“It’s because I’m worried. Who is it that caused you to be like this?”

“What’s wrong with me?”

The mother of the child turned her head and glared at her mother.

“No… it’s just….”

Well aware of her daughter’s poisonous personality, she thought that she had touched her temper for nothing, and turned her head sharply.

“But will you really be okay? What if I don’t drop the lawsuit? Did he even talk to you about genetic testing? So you don’t know everything, don’t you?”

He looked into his daughter’s eyes and spoke again.

“Do you know who wants to do this? I do it because I really need the general manager.”

After speaking, the woman inhaled a long cigarette.

“Then what if we really do a genetic test? Isn’t that a real shame?”

“I know. And you don’t have to worry about mom. You’ll figure it all out.”

“Aren’t you thinking something out of the ordinary?”

The arms of the grandmother who was holding the child trembled as she thought of what she was thinking.

“What a crazy idea. Go get some baby formula. Don’t keep talking nonsense.”

The child’s mother spoke coldly to the child she gave birth to without giving her a single glance.

“Yeah… I got it. Wouldn’t it be better for you to refrain from drinking a little too? It hasn’t been long since I had a baby…”

As she spoke with concern again, she turned to her daughter’s sharp gaze and walked towards the kitchen holding the child.

That was then. I heard a phone ringing from somewhere.

“hello? Chief?”

The woman quickly turned off her cigarette and answered the phone.

“yes. I’m doing well. Are you very busy? I know. it’s okay.”

Unlike when she was dealing with her mother, she answered the phone in a friendly voice.

But the face of such a woman was not so cold as when she treated her mother.

“By the way, why don’t you take a look at our child… Yes, yes. I know. Someone even put a locator on the general manager’s car. Yes. I was too frivolous. I see. I’ll be careful. Sure. I never talked to anyone. The only person who knows this phone number is the general manager.”

And in the middle of a friendly conversation for a while.

“I beg your pardon? That person is in Seoul?”

The woman’s face turned into a ferocious one.

“How can you not deal with that person? It bothers me so much to hear the human story here and there. Seriously, where in Korea can anyone entrust me with such a job these days?”

The woman spit out words that were terrifying to hear.

“Then what about in America? If you made that kind of money, wouldn’t there be a lot of people looking for it? America has a lot of robbers. what? Academy? what is that? black water? A war mercenary? So you’re saying you’re using former mercenaries as bodyguards? You’re not crazy!”

It seems unavoidable for his nature to come out when he gets excited even though he uses a sophisticated tone of voice.

“what? 1 billion dollars? Does that make sense? No matter how derived it is… haha, I’m so ridiculous…”

When Sunggyu heard the news about Eugene, the woman’s eyes lit up with a sad blue light.

“I see. I will only trust the general manager. Yes, I do. Take care of yourself.”

After hanging up, the woman’s face turned into a demon again.

“annoying!”

The woman could not stand her temper and grabbed the glass of wine that was placed in front of her and threw it violently.

“You crazy bastard! Why are you interfering with someone else’s life? kill it! die! die!”

Her riots continued for a while, and the old woman who was feeding the baby in the kitchen covered her ears with her hands in case the child was surprised to hear the mother’s scream.

* * *

– We even finished issuing the letter of intent to take over. Now we can start negotiating the purchase in earnest.

Yooseong, who was in Germany, called several times a day to inform Eugene of the progress.

“What do you think? Your reaction?”

– Very friendly. The founder’s son is the most active, and the working-level staff are welcome to say that we will take over and take over the management.

“I’m happy.”

– uh. I see that the president is not really interested in management. If you get a decent amount of money, it seems like you only want to live comfortably with it. What? YOLO? There is a popular saying these days. That’s the feeling. After talking for a while, my father was battling cancer and died. But until the last minute, it seems that he didn’t feel so good when he went to work and was immersed in his work. He doesn’t want to live like that.

As the explanation continued more detailed than expected, Eugene asked with a little surprise.

“Did you even talk about that with your boss?”

– After all, other people do the work. Me and the boss watched each other a little bit haphazardly, and then we happened to have a conversation.

“In German?”

– no. In English. I went to college in America.

“Yeah, well done. anyway.”

Yooseong’s strong point is that he can easily get along with people because he has a friendly and sociable personality.

I thought that maybe Yooseong might find another aptitude.

– I’ll report you as soon as the negotiations are over.

“okay. You watch and learn.”

In the future, Yoosung will have to continue to carry out mergers and acquisitions that are much larger than they are now.

In that sense, this work will be a suitable class.

After I came to Seoul, I did a few things, and before leaving for New York again, I met with Dasan Electronics Vice President Kim Su-ho once more.

This time, I got a call from there asking me to come first.

“What exactly do you want? Do you want Dasan to take over Freescale on behalf of Daeyang?”

Kim Soo-ho asked directly.

“Not necessarily. We just want to prevent Daeyang from taking over Freescale. Dasan Electronics, there must be something about Dasan Electronics.”

“okay. We also have our own circumstances. The synergy between Dasan Electronics’ semiconductor division and Freescale is so different that there is not much synergy.”

It starts bouncing like I thought it would.

“Most of all, the timing is bad. You can’t throw 18 billion dollars into a business that might have enough synergies.”

That’s $18 billion when Freescale was sold to private equity a decade ago.

It cannot be the same price then and now.

Freescale, which was purchased through a consortium by the Carlyle Group and several private equity fund managers led by Blackstone, was not a successful investment as a buyout fund.

It’s been 8 years, and they still haven’t found a suitable buyer, so a lot of money has been tied up.

It was only natural that Daeyang Electronics, who became the buyer this time, had no intention of paying the amount.

However, there is no way to be unaware of the fact that the fair price of Dasan, where information power cannot be lowered compared to that of Daeyang, is much lower than 18 billion won.

Eugene thought that the opponent was also a raccoon that looked like a bear.

“A maximum of $15 billion would be more than enough.”

“Hmm… did the calculation come up to that point?”

President Kim realizes that seeing Eugene as just an individual would be a mistake.

“Anyway, Dasan can’t afford to spend that much money right now. The payment for the land in Yeoksam-dong, which we bought last year, has not been completed yet.”

Last year, Dasan Group secured a large-scale land in Yeoksam-dong by spending a whopping 8 trillion won.

This was to create a large-scale complex business complex that would gather group affiliates scattered across Seoul in one place.

There was a lot of controversy in the world saying large corporations are buying the land again, but after a few years, the price of the land has jumped so much that it is said to be a godsend.

“And the amount of money poured into the Dasan Electronics semiconductor plant over the past two years is huge.”

Vice President Kim trembled like that for a long time.

“Are you saying you are not interested in acquiring Freescale?”

“no. Last time I had a lot of help from you with regards to the Shanghai couple Gao Chi-Che. So, even if the things you brought this time put a lot of pressure on our group, we can’t just skip it.”

Uncle Bear said with a kind smile.

“You asked for help, so why don’t you listen to it once?”

He was talking as if he was trying to help Eugene.

“Of course, it is true that if Freescale is transferred to Daeyang Group, it will be a little difficult for us as well.”

“Thank you for your help.”

Although the Dasan group’s intentions were clearly visible, Eugene expressed her gratitude.

“But we can’t guarantee the outcome, as the funding is likely to be tight. Moreover, if Daeyang and Dasan both announce their intention to take over at the same time, they will also try to raise the ransom.”

“It’s going to be a pretty tough competition.”

“In that case, the fifteen billion dollars you mentioned would easily pass. Dasan’s Maginot must be like that.”

“If you could buy it for $15 billion, would you buy Freescale?”

Eugene is well aware that the Freescale acquisition cannot exceed $15 billion.

Of course, I can’t reveal the inside story, and there’s no reason to do so.

“Sure. But I don’t think that will happen.”

“You have to wait to find out, don’t you?”

“okay. you’ll have to wait to find out I’ll set up a negotiator by this weekend. Around the time of your meeting with Freescale’s management, we will also notify you of the Freescale acquisition negotiation and send a working group to Austin.”

“That is enough. If we find out that Dasan Electronics is also interested in the acquisition of Freescale, it will be quite difficult in Daeyang.”

The two men who formed an alliance to water the oceans had things they didn’t tell each other.

Dasan was looking for a way to split only Freescale’s semiconductor division for the automotive industry if the purchase price was too high.

However, if that doesn’t work, the plan was to overshadow the meaning of the acquisition by raising the price, at the very least.

On the other hand, Eugene was not acting with the goal of simply raising the purchase price and ravaging the ocean as Dasan thought.

What attracted Dasan was only to create tension between the ocean and Dasan, and the acquisition of Freescale is what he intends to do.

You can get such great food at such a low price, but I didn’t want to let it go into other people’s mouths.

* * *

“Oh Jae-hyuk? I heard that he is an old friend of Kang Yu-jin?”

“With Eugene? yes what We’ve been friends since college days. That’s not to say they’re best friends.”

“Have you been in contact with Eugene Kang since that friend won the Mega Millions in the US?”

“At first, I lost contact with him, but at some point he appeared again in my friends’ group chat rooms. After that, we chatted every now and then.”

“Then, if Jae-hyeok takes over in New York, we can become close friends because we are friends.”

“Yes, but honestly, I don’t know. People change when money comes in.”

“It’s not that I don’t know. Let me ask you again. Can you maintain a close relationship with Kang Yu-jin?”

Gulping, Jaehyuk swallowed his saliva involuntarily.

“yes. Probably… No, I will definitely do that.”

“like. Then get ready to move to New York. I will tell you to reserve a seat in the New York office.”

“Are you going to do something different?”

“First, let’s find out why he is visiting Dasan Electronics and what he is up to.”

“All right.”

Jaehyuk replied with his head bowed deeply.


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