Juliet sighed,posing herself. This is like another day at work. Michael would always start a new business in a different industry by inventing revolutionary technology to beatpetition, especially from major yers.
"What industry is it, if you don''t mind me asking?" Juliet asked.
Michael hummed in thought before answering. "Juliet, what do you know about the entertainment industry, specifically video games? How much are they worth and what are the popr genres today?"@@novelbin@@
Juliet blinked, a bit surprised by the shift in topic but quickly regained herposure.
"Well, the video game industry is enormous, Mr. Reyes. It''s been growing consistently, especially with the rise of mobile gaming. As for genres, action, adventure, and role-ying games seem to dominate in terms of poprity and revenue."
Michael nodded, processing the information. "Interesting," he murmured. "What are the projections?"
Juliet essed her tablet and quickly pulled up thetest industry reports. "The global video game market is expected to exceed $200 billion by next year," she exined. "There''s significant growth in immersive and augmented reality technologies, which are starting to transform how games are yed and experienced."
Michael''s interest deepened. "And how about consumer engagement? Any data on that?"
"The average time spent on gaming has increased, especially among adults aged 18 to 35. It''s bing a major form of entertainment across all age groups,parable to streaming services," Juliet detailed. "Moreover,munity and live-streamed gaming events are creatingrge, interactive audiences. Also…Mr.
Reyes, if you don''t mind me adding this but if you are into reading light novels, there is a rising genre where the game takes ce in the virtual world."
Michael raised an eyebrow, intrigued by Juliet''s addition. "Virtual worlds, you say? That sounds like an interesting take on gaming. Wait, that is genius. Are there any VR games existing currently?"
"Well, there is a lot but it would take a decade or two for the technology to mature to the point where virtual worlds can be fully immersive and interactive on a massive scale," Juliet exined. "However, the foundation is there, and there are already several sessful examples of VR games that have captured the market''s interest."
"So, there''s a gap in the market for a new type of VR game that could offer a moreprehensive, life-like experience? Something that could set a new standard?"
"Exactly," Juliet confirmed. "The current VR games are quite good, but they oftenck the depth and connectivity that could make them truly groundbreaking. If you could develop a VR tform that offers a more integrated and realistic experience, it could potentially revolutionize the industry. Assuming you can."
Michael tapped his desk lightly, his eyes alight with the vision of what could be.
"Uhm…Mr. Reyes, what''s with the look on your face? You seemed excited," Juliet noted, observing the spark in Michael''s eyes as he visualized the potential.
Little did Juliet know, Michael was already navigating his technological system in search of Virtual Reality Games. And the found one, cost about 200,000 System Points. It included the gaming pods, the servers, and all the data centers needed to support massive multiyer online environments. Qualifications were also achieved.
"Yup, Virtual Gaming it is," Michael decided. "Now, let''s put that on hold for a while. Let''s focus on the meeting tomorrow morning okay?"
"Yes sir," Juliet agreed.
***
A dayter. At the PSE Tower conference room. Juliet was adjusting the settings of the projector for Michael who was fixing his in front of the conference room mirror.
Juliet finished with the projector and turned her attention to ensuring the video conferencing equipment was functional.
"Everything''s set up for the virtual meeting, Mr. Reyes. The board members are starting to log in," she informed him.
Michael nodded, taking one final look in the mirror before turning to face therge screen disying the faces of his board members.
"Thank you, Juliet. Let''s get started then."
As he settled into his seat at the head of the table, Michael greeted each board member. "Good morning, everyone. Thanks for joining on short notice. Today, we have an important discussion about a potential acquisition of Aegis Pharmaceuticals in our medical enterprise, that is Reyes Pharmaceuticals and Reyes MedTech Solutions.
The saidpany is willing to pay us 200 billion dors for thosepanies and I would to
hear your thoughts and get your input on this."
The board members looked at each other through the screens, clearly taken aback by the scale of the offer. Michael proceeded to outline the details of Aegis Pharmaceuticals'' proposal, emphasizing the financial aspects and the strategic implications for theirpanies.
"As you all know, Aegis is one of the leaders in the pharmaceutical industry, and their interest in our operations is a testament to the hard work we''ve all put into building ourpanies," Michael continued. "Despite thepany being new, Aegis recognized its potential and wanted to leverage it.
Of course, it would take time for our enterprise to reach a point where it''d be a billion-dorpany. I''m suggesting that if we are to sell thepany at a significant sum, we will get our cut sooner rather thanter. This is something to consider given the vtile nature of our industry."
The board listened intently as Michael outlined the potential benefits of the deal.
"However," Michael added, shifting in his seat to emphasize his next point, "selling now would mean giving up control of the innovations we''ve developed. We''d be handing over the future of technologies that could redefine medical practice. I need us to weigh these considerations carefully."
He paused to let his words sink in, then continued, "I want to ensure whatever decision we make, we keep the long-term vision of ourpanies and their contributions to the world in mind. That would be all."
Bridget was the first to ask.
"How did Aegis approach you?"
"By surprise," Michael replied. "Elena Skies, the CEO of Aegis, showed up unannounced at our office with a proposition. It was quite direct and frankly, quite aggressive."
Another board member, Raj, chimed in, "And what are their terms, besides the financial offer? What do they want in return? Full control?"
Michael nodded. "Essentially, yes. They wantplete acquisition, which would include control over the direction of our research and development. They''ve assured me they''d respect the ethos of our work, but you know as well as I do, once we hand over control, our ability to enforce that diminishes."
"It''s a lot of money, sure. It would secure a significant return on our investment much sooner than expected. However, considering the potential of our ongoing projects, we could stand to gain much more in the long run if we maintain our independence," shared one of the board members.
"That''s right…"
Michael sighed. This is going to be difficult.