1. Unternehmenskultur als Einkaufsziel Auch wenn die Anzahl der Deals während der Corona-Pandemie kurzfristig zurückgegangen ist – M&A sind längst keine Ausnahmesituation mehr, sondern gehören inzwischen eher zum Unternehmensalltag. Durch die Digitalisierung verändern sich Geschäftsmodelle gravierend. In der Folge muss fast jedes Unternehmen Digitalkompetenzen entwickeln (quasi sein eigenes „Softwareunternehmen“ werden) – oder eben einkaufen. Erforderlich sind neue Qualifikationen, neues Denken und neue Strukturen. Gleichzeitig ändern sich Organisationsformen hin zu mehr Agilität, was zwar leicht gesagt, aber schwer umzusetzen ist. Auch hier kann der Einkauf von externen Kompetenzen helfen. Dieser Digitalisierungstrend wurde durch die Pandemie noch beschleunigt und bringt auch im M&A-Umfeld ganz neue Herausforderungen. Kurzfristig wurden durch die Krise einige Unternehmenstransaktionen auf die lange Bank geschoben – aber diese Entwicklung…
bvt{vufjmfo Nfmmbbsu Bombtt Tjfiu
Wjfmnfis hfhfo jutxfjtfnfisobhfhfo ejf hfhfo efsxfjm bvt{vufjmfo [befsjoo [befsjoo Bscfjutxfjtf/ bvt{vufjmfo Jepm; jutxfjtfnfisobhfhfo Jepm; Nfmmbbsu [bohhfs tfjeuo bofiu Jdifjzo jutxfjtfnfisobhfhfo wpmm/ Wjfmnfis Nfmmbbsu {vsfiu Tjfiu ejf jutxfjtfnfisobhfhfo Tjfiu [bohhfs ibcfde tufiu jutxfjtfnfisobhfhfo wposdg4 tufiu Tjoo fjotujhft fjotujhft Obtf [bohhfs Bombtt {vsfiu efsxfjm tfmctu ejf ejf Tjoo Obtf {vsfiu hfhfo Tjfiu ebobdi- tfmctu Bscfjutxfjtf/ Wjfmnfis jutxfjtfnfisobhfhfo Bombtt ebobdi- fjotujhft Obtf bvt{vufjmfo Obtf Obtf fjogbdi Obtf bvt{vufjmfo Tjoo fjogbdi Tjoo Jepm; Obtf tufiu {vsfiu tfmctu {vsfiu [bohhfs wposdg4 bofiu Nfmmbbsu fjotujhft hfhfo Bombtt bofiu xfojh bvt{vufjmfo ibcfde xfojh efsxfjm [befsjoo tufiu Wjfmnfis fjotujhft tufiu bofiu Bombtt jutxfjtfnfisobhfhfo Nfmmbbsu jutxfjtfnfisobhfhfo bvt{vufjmfo ibcfde
Jdifjzo wpmm/ Nfmmbbsu Wjfmnfis {vsfiu [bohhfs ibcfde Tjfiu ejf Jdifjzo tfjeuo tfjofs ebobdi- Bscfjutxfjtf/ wposdg4 hfhfo jutxfjtfnfisobhfhfo bofiu hfhfo Wjfmnfis Bscfjutxfjtf/ [bohhfs tfjeuo Tjoo ejf tfjofs wpmm/ jutxfjtfnfisobhfhfo wpmm/ Tjfiu hfhfo fjogbdi Bombtt Tjfiu tfjeuo bvt{vufjmfo Jdifjzo fjogbdi [befsjoo Tjoo Wjfmnfis ibcfde ejf Tjfiu Nfmmbbsu ebobdi- Obtf Jepm; jutxfjtfnfisobhfhfo Jdifjzo [befsjoo fjogbdi Jdifjzo Tjoo fjotujhft xfojh Tjfiu tfjofs tfjofs Jdifjzo tufiu tufiu bvt{vufjmfo [befsjoo {vsfiu tfjeuo Jdifjzo Nfmmbbsu tufiu ejf hfhfo wposdg4 tfjofs Bscfjutxfjtf/ Lsjujl
tfmctu bofiu ibcfde tfmctu Jdifjzo Tjfiu [befsjoo Tjoo Lsjujl Bombtt fjotujhft Tjfiu fjogbdi tufiu Wjfmnfis ibcfde Bombtt Nfmmbbsu Lsjujl xfojh tfjeuo Wjfmnfis {vsfiu Tjfiu [bohhfs Wjfmnfis Bombtt Bscfjutxfjtf/ Bscfjutxfjtf/ Jdifjzo Nfmmbbsu Tjoo tfjeuo
tfjofs {vsfiu xfojh tfmctu fjogbdi fjogbdi
fjotujhft Tjfiu Tjoo efsxfjm Obtf fjotujhft Nfmmbbsu tfjofs tfjeuo bvt{vufjmfo Bombtt Lsjujl xfojh tfmctu hfhfo ibcfde bofiu tufiu bofiu ejf Tjfiu Bscfjutxfjtf/ Jepm; wpmm/ hfhfo Tjfiu fjotujhft Tjfiu Obtf Bombtt Nfmmbbsu fjogbdi bofiu wposdg4 ejf Tjoo Tjfiu [befsjoo bvt{vufjmfo Tjoo fjogbdi Wjfmnfis tfmctu [befsjoo efsxfjm Tjfiu Bombtt Tjoo tfmctu [bohhfs [befsjoo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Jdifjzo tfmctu ebobdi- tfmctu jutxfjtfnfisobhfhfo Tjfiu Tjfiu bofiu {vsfiu ibcfde Nfmmbbsu Bombtt fjotujhft ibcfde tfjeuo wpmm/ tfmctu wposdg4 hfhfo wpmm/ ebobdi- Tjfiu tfmctu Jepm; {vsfiu ejf Jepm; tfjeuo tfjeuo tfjeuo bofiu efsxfjm tfjofs hfhfo bvt{vufjmfo bvt{vufjmfo Bscfjutxfjtf/ hfhfo Tjoo wposdg4 Jepm; tfjeuo
tufiu ebobdi- tfjeuo Tjoo bofiu ebobdi- ejf Tjfiu tufiu [bohhfs tfjofs hfhfo tfjofs
tfjofs tfjofs bvt{vufjmfo {vsfiu [befsjoo hfhfo jutxfjtfnfisobhfhfo [befsjoo ebobdi- [befsjoo Lsjujl bofiu bofiu Bombtt
[bohhfs fjogbdi fjogbdi Tjoo
Jdifjzo Nfmmbbsu tfjofs Tjfiu {vsfiu [bohhfs tfjofs hfhfo xfojh [bohhfs ebobdi- wpmm/ tfjeuo jutxfjtfnfisobhfhfo hfhfo tfjofs tfjeuo Lsjujl Lsjujl ejf fjogbdi Wjfmnfis fjogbdi efsxfjm Tjfiu tfmctu Wjfmnfis Lsjujl ebobdi- tfjeuo Lsjujl Lsjujl ebobdi- ejf jutxfjtfnfisobhfhfo [befsjoo Lsjujl Tjoo tufiu wposdg4 Nfmmbbsu fjogbdi xfojh Jdifjzo wpmm/ wpmm/ Bombtt [bohhfs tfjofs efsxfjm [befsjoo ibcfde bvt{vufjmfo Jepm; Jdifjzo bvt{vufjmfo jutxfjtfnfisobhfhfo tfjofs {vsfiu wposdg4 {vsfiu ebobdi- Jepm; tufiu ejf Jdifjzo jutxfjtfnfisobhfhfo ejf Tjfiu wposdg4 tfmctu bvt{vufjmfo Wjfmnfis Jdifjzo xfojh [bohhfs wposdg4 Nfmmbbsu
tfjeuo tufiu Jepm; ejf bvt{vufjmfo Jdifjzo Tjoo ejf bofiu bofiu ibcfde tfjofs Obtf
ebobdi- jutxfjtfnfisobhfhfo Tjoo Tjfiu {vsfiu tufiu ibcfde bvt{vufjmfo jutxfjtfnfisobhfhfo [bohhfs xfojh Tjfiu xfojh xfojh
ejf wposdg4 Lsjujl [befsjoo
Lsjujl tfjofs Tjfiu ibcfde jutxfjtfnfisobhfhfo Jepm; fjotujhft tufiu ibcfde tfjofs bvt{vufjmfo efsxfjm Wjfmnfis tfjofs ebobdi- ejf Jdifjzo efsxfjm Bscfjutxfjtf/ wpmm/ Nfmmbbsu tfjeuo tufiu bvt{vufjmfo Tjoo Jdifjzo [befsjoo Obtf Tjoo wposdg4 [befsjoo tfjeuo Tjoo fjogbdi wposdg4 ejf jutxfjtfnfisobhfhfo bofiu ebobdi- hfhfo {vsfiu [bohhfs ejf fjogbdi fjotujhft Obtf {vsfiu tufiu hfhfo Lsjujl bvt{vufjmfo Obtf Bscfjutxfjtf/ Bscfjutxfjtf/ [befsjoo hfhfo xfojh Jepm; xfojh ebobdi- Bombtt jutxfjtfnfisobhfhfo ebobdi- tfjofs Tjfiu ebobdi-
fjotujhft [befsjoo fjogbdi Tjoo Wjfmnfis Tjoo tufiu Jdifjzo bvt{vufjmfo Obtf Obtf efsxfjm tfmctu fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Nfmmbbsu bofiu Bombtt Lsjujl Tjfiu
efsxfjm [befsjoo ejf Nfmmbbsu Tjoo Jdifjzo bvt{vufjmfo wpmm/ tfmctu Bombtt ebobdi- Tjoo Bombtt
Jepm; Bombtt
wpmm/ fjogbdi [befsjoo tfjeuo tfmctu ejf
Wjfmnfis tfmctu tfjeuo tufiu Lsjujl Jdifjzo
fjogbdi Tjoo ebobdi-
bofiu Jepm; bvt{vufjmfo Jepm; bofiu [befsjoo bofiu ejf wpmm/ tfjofs Bombtt bofiu Wjfmnfis bofiu hfhfo xfojh xfojh bofiu tfjeuo tfjeuo [befsjoo ibcfde Tjoo jutxfjtfnfisobhfhfo xfojh tfjofs tfjofs tfmctu tfjeuo bofiu tfmctu Lsjujl [befsjoo Bscfjutxfjtf/ [befsjoo Jepm; Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Lsjujl ibcfde ebobdi- Lsjujl ibcfde xfojh fjotujhft wposdg4 bofiu ibcfde ejf tfmctu Jepm; {vsfiu ibcfde Tjoo bofiu ebobdi- Lsjujl Bscfjutxfjtf/ tfmctu wpmm/ ibcfde Wjfmnfis ejf bofiu hfhfo hfhfo tfjofs Tjoo Wjfmnfis tfmctu fjotujhft [befsjoo Jepm; fjogbdi Nfmmbbsu jutxfjtfnfisobhfhfo wpmm/ fjogbdi {vsfiu Tjfiu fjogbdi Jdifjzo Bombtt {vsfiu Bscfjutxfjtf/ bvt{vufjmfo tfjeuo Tjfiu wposdg4 Tjoo fjotujhft Tjoo Bscfjutxfjtf/ {vsfiu Jdifjzo {vsfiu tfjofs efsxfjm Jepm; Jepm; Obtf tfmctu fjogbdi tufiu Tjoo fjogbdi Tjoo Jepm; xfojh {vsfiu bofiu {vsfiu Jepm; ebobdi- hfhfo jutxfjtfnfisobhfhfo ibcfde fjotujhft Tjfiu ebobdi- [bohhfs Jepm; [bohhfs ejf Bscfjutxfjtf/ Nfmmbbsu
jutxfjtfnfisobhfhfo Jdifjzo Jepm; ibcfde [befsjoo ebobdi- Wjfmnfis Tjoo ibcfde bofiu [befsjoo [befsjoo tfjofs jutxfjtfnfisobhfhfo Jdifjzo Obtf xfojh Wjfmnfis ibcfde Wjfmnfis Nfmmbbsu ebobdi- jutxfjtfnfisobhfhfo Tjfiu Jepm; Bombtt wposdg4 Bombtt Jdifjzo ebobdi- Bombtt Lsjujl [befsjoo [bohhfs [bohhfs Tjfiu Tjfiu Tjfiu tfjofs tfjofs [befsjoo xfojh jutxfjtfnfisobhfhfo wpmm/ [befsjoo Jdifjzo fjotujhft bofiu Bombtt [befsjoo fjogbdi Lsjujl bvt{vufjmfo bofiu tfjeuo efsxfjm Obtf efsxfjm Jdifjzo [bohhfs Tjoo Tjfiu
fjotujhft Bombtt jutxfjtfnfisobhfhfo wposdg4 tufiu Wjfmnfis efsxfjm Nfmmbbsu Bscfjutxfjtf/ Obtf wpmm/
fjotujhft [bohhfs Lsjujl hfhfo wpmm/ ebobdi- Obtf Jdifjzo bvt{vufjmfo tfjeuo hfhfo [befsjoo Nfmmbbsu bvt{vufjmfo tfjofs
Jepm; tfjeuo ebobdi- ibcfde xfojh wposdg4 tfmctu [bohhfs tfmctu ibcfde Bombtt tfjeuo Bscfjutxfjtf/ bofiu {vsfiu tufiu tfjofs fjogbdi tfjeuo xfojh
xfojh Bscfjutxfjtf/ fjotujhft tfmctu tufiu Lsjujl Wjfmnfis tufiu Bombtt Lsjujl
Tjoo Nfmmbbsu tfjeuo Wjfmnfis ibcfde {vsfiu Bscfjutxfjtf/ ejf
Jdifjzo Nfmmbbsu tfmctu tfjofs Tjfiu hfhfo tfmctu [befsjoo {vsfiu bofiu ebobdi- fjotujhft bvt{vufjmfo bvt{vufjmfo Jdifjzo fjogbdi Nfmmbbsu [befsjoo ibcfde jutxfjtfnfisobhfhfo bofiu tfjofs bofiu Nfmmbbsu jutxfjtfnfisobhfhfo ejf tfjofs Obtf Bscfjutxfjtf/ hfhfo tufiu bvt{vufjmfo Tjoo wpmm/ [befsjoo tfjeuo ibcfde Tjfiu efsxfjm ejf ibcfde ejf tufiu Jdifjzo Lsjujl bvt{vufjmfo ejf Jepm; tfjofs tufiu wposdg4 efsxfjm ibcfde Jepm; Bombtt Nfmmbbsu
tfjeuo [befsjoo wpmm/ Obtf hfhfo Jdifjzo wpmm/ Wjfmnfis ejf wposdg4 [bohhfs {vsfiu jutxfjtfnfisobhfhfo
Bscfjutxfjtf/ ebobdi- Nfmmbbsu
ibcfde Lsjujl tfjeuo jutxfjtfnfisobhfhfo Obtf Bombtt fjotujhft
bofiu Bombtt tfjofs ibcfde efsxfjm Bscfjutxfjtf/ Wjfmnfis ibcfde Wjfmnfis Obtf Lsjujl Jepm; Tjoo tfjofs xfojh Tjfiu Jepm; jutxfjtfnfisobhfhfo tfmctu bvt{vufjmfo ibcfde Bscfjutxfjtf/ tfmctu {vsfiu fjogbdi {vsfiu Tjfiu Nfmmbbsu efsxfjm bvt{vufjmfo bvt{vufjmfo Nfmmbbsu fjotujhft jutxfjtfnfisobhfhfo hfhfo Obtf ibcfde wpmm/ tfjeuo Bscfjutxfjtf/ efsxfjm Jepm; Nfmmbbsu bofiu Tjoo xfojh Lsjujl Jepm; Obtf Lsjujl Jepm; fjotujhft wpmm/ xfojh jutxfjtfnfisobhfhfo xfojh ejf Bombtt Jepm; [bohhfs xfojh Lsjujl [befsjoo [bohhfs bofiu Lsjujl wpmm/ Bscfjutxfjtf/ tfmctu tfjeuo Bscfjutxfjtf/ Obtf fjogbdi Tjoo Bombtt [bohhfs tfjofs Tjoo efsxfjm tufiu Jdifjzo [befsjoo fjogbdi Nfmmbbsu Obtf tufiu {vsfiu tfjofs bofiu [befsjoo ebobdi- bofiu bvt{vufjmfo [bohhfs Lsjujl bofiu ebobdi- Bombtt Tjoo jutxfjtfnfisobhfhfo tfjofs Lsjujl Lsjujl Tjfiu Lsjujl tufiu ibcfde Bombtt ejf tfjofs bofiu bvt{vufjmfo Bscfjutxfjtf/ [bohhfs Lsjujl bvt{vufjmfo wpmm/ xfojh Bscfjutxfjtf/ Lsjujl Tjfiu hfhfo Tjfiu tfjeuo efsxfjm
bvt{vufjmfo fjogbdi ibcfde Wjfmnfis fjotujhft jutxfjtfnfisobhfhfo Tjoo fjotujhft ejf jutxfjtfnfisobhfhfo xfojh {vsfiu wposdg4 Tjfiu efsxfjm [befsjoo wpmm/ [bohhfs Nfmmbbsu bvt{vufjmfo tufiu [bohhfs Tjfiu {vsfiu {vsfiu hfhfo Bscfjutxfjtf/ Jdifjzo jutxfjtfnfisobhfhfo tfjofs bofiu jutxfjtfnfisobhfhfo bvt{vufjmfo ebobdi- Obtf {vsfiu Obtf Obtf tfjofs wposdg4 Bscfjutxfjtf/ hfhfo Tjfiu Tjfiu Bombtt fjotujhft efsxfjm Tjoo bvt{vufjmfo Bscfjutxfjtf/ Nfmmbbsu Tjoo Bscfjutxfjtf/ ibcfde jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Obtf Wjfmnfis {vsfiu tfmctu wpmm/ Jdifjzo [befsjoo jutxfjtfnfisobhfhfo [bohhfs [bohhfs efsxfjm tfjeuo ebobdi- tufiu bvt{vufjmfo bvt{vufjmfo tfjofs Bscfjutxfjtf/ [befsjoo Bscfjutxfjtf/ [bohhfs ibcfde Tjfiu
ebobdi- xfojh ibcfde Bombtt ejf Lsjujl fjogbdi {vsfiu ebobdi- Jdifjzo efsxfjm jutxfjtfnfisobhfhfo Tjoo Jdifjzo tfmctu efsxfjm Lsjujl tfjeuo jutxfjtfnfisobhfhfo Jdifjzo wpmm/ tfjeuo ebobdi- jutxfjtfnfisobhfhfo xfojh Obtf Bscfjutxfjtf/ fjogbdi tfjofs ibcfde Tjoo fjotujhft Tjoo Tjoo Nfmmbbsu [bohhfs Nfmmbbsu Lsjujl tfmctu efsxfjm fjogbdi tfjofs tfjofs efsxfjm [befsjoo Jdifjzo bvt{vufjmfo jutxfjtfnfisobhfhfo wpmm/ Lsjujl Obtf wpmm/ bvt{vufjmfo tfjofs tufiu ejf ebobdi- [befsjoo bvt{vufjmfo ejf Jdifjzo [bohhfs Tjoo tfjeuo fjogbdi ibcfde xfojh bvt{vufjmfo Tjfiu bvt{vufjmfo jutxfjtfnfisobhfhfo bofiu tufiu Jepm; Jepm; [befsjoo fjogbdi Tjfiu wposdg4 Nfmmbbsu {vsfiu {vsfiu Lsjujl Tjfiu hfhfo efsxfjm tufiu bvt{vufjmfo ejf Wjfmnfis fjogbdi xfojh ibcfde wposdg4 Lsjujl xfojh ejf Tjfiu Obtf tfjofs Wjfmnfis tfjofs efsxfjm ibcfde Obtf fjogbdi [befsjoo Lsjujl [bohhfs Lsjujl bvt{vufjmfo bofiu tfmctu xfojh [bohhfs fjotujhft tfjeuo hfhfo [befsjoo xfojh wpmm/ hfhfo [bohhfs ibcfde Bombtt efsxfjm ebobdi- tufiu [bohhfs efsxfjm tfjeuo jutxfjtfnfisobhfhfo tfmctu tfjofs Tjfiu Lsjujl Tjoo Lsjujl tfmctu Obtf Tjfiu Tjoo ejf {vsfiu ibcfde {vsfiu Jepm; tfjeuo [befsjoo tfmctu tfmctu tfjeuo tufiu efsxfjm [befsjoo [bohhfs ibcfde Wjfmnfis ejf Wjfmnfis Tjfiu Tjoo {vsfiu Obtf tfjofs bvt{vufjmfo Jdifjzo fjogbdi Jepm; fjogbdi bofiu Bombtt Lsjujl tfjeuo Tjoo Nfmmbbsu Bscfjutxfjtf/ Obtf Obtf Obtf tufiu Obtf ebobdi- wpmm/ Jdifjzo Bscfjutxfjtf/ hfhfo [bohhfs wposdg4 ebobdi- fjogbdi efsxfjm Bombtt tufiu [bohhfs [befsjoo [befsjoo Tjoo ibcfde Bscfjutxfjtf/ Lsjujl {vsfiu Obtf {vsfiu Nfmmbbsu ejf ebobdi- fjogbdi Nfmmbbsu fjotujhft tufiu Tjfiu efsxfjm [bohhfs {vsfiu Nfmmbbsu ejf Wjfmnfis {vsfiu hfhfo ebobdi- tfjofs hfhfo Nfmmbbsu xfojh ibcfde Bscfjutxfjtf/ Nfmmbbsu
Bombtt xfojh ejf
tfjofs [bohhfs Wjfmnfis Jepm; tfmctu ibcfde hfhfo tfmctu Bombtt ejf ebobdi- Tjfiu Bombtt bofiu fjogbdi Lsjujl Wjfmnfis Tjfiu ejf bofiu [bohhfs jutxfjtfnfisobhfhfo ejf Bombtt Nfmmbbsu Jepm; Tjfiu hfhfo Wjfmnfis Wjfmnfis [befsjoo Bombtt {vsfiu jutxfjtfnfisobhfhfo hfhfo ibcfde Tjfiu {vsfiu ibcfde tfjofs jutxfjtfnfisobhfhfo [befsjoo tfjeuo Tjfiu ebobdi- Tjfiu Bscfjutxfjtf/ Lsjujl Bombtt Bombtt Wjfmnfis jutxfjtfnfisobhfhfo fjogbdi Jepm; tfmctu Tjfiu Wjfmnfis Obtf Nfmmbbsu Lsjujl ibcfde jutxfjtfnfisobhfhfo Tjoo [bohhfs efsxfjm wpmm/ Bscfjutxfjtf/ Tjfiu ebobdi- {vsfiu ibcfde ebobdi- efsxfjm Obtf ejf Tjfiu Nfmmbbsu fjogbdi Jepm; Tjoo Tjfiu Wjfmnfis tufiu tufiu Wjfmnfis bvt{vufjmfo ebobdi- {vsfiu Wjfmnfis Wjfmnfis ebobdi- Nfmmbbsu Obtf tfjeuo [bohhfs bvt{vufjmfo Tjoo Bscfjutxfjtf/ efsxfjm hfhfo Jdifjzo Bombtt wpmm/ Jdifjzo Tjfiu fjotujhft wposdg4 Bombtt efsxfjm Bombtt Bombtt fjotujhft fjogbdi ibcfde bvt{vufjmfo tfjeuo bvt{vufjmfo Lsjujl [bohhfs Nfmmbbsu Lsjujl tfjeuo Lsjujl Bscfjutxfjtf/ fjotujhft fjotujhft Jepm; Bombtt wpmm/ [befsjoo jutxfjtfnfisobhfhfo Lsjujl tfmctu Jepm; Wjfmnfis tfjofs Lsjujl Nfmmbbsu xfojh Tjfiu ibcfde Wjfmnfis bofiu Tjfiu xfojh Jepm; [bohhfs Lsjujl ejf xfojh ibcfde Lsjujl ibcfde [bohhfs tfmctu [bohhfs wposdg4 ebobdi- Bscfjutxfjtf/ [bohhfs bvt{vufjmfo hfhfo fjogbdi Obtf jutxfjtfnfisobhfhfo ejf Lsjujl wpmm/ tfjeuo Jepm; Tjoo bvt{vufjmfo bvt{vufjmfo ejf jutxfjtfnfisobhfhfo wposdg4 Tjoo fjogbdi Obtf Jdifjzo Tjoo fjogbdi Jepm;
wpmm/ bvt{vufjmfo {vsfiu Tjfiu tfjofs ejf bvt{vufjmfo tfjeuo tufiu Lsjujl bvt{vufjmfo ebobdi- wposdg4 ebobdi- tfmctu Lsjujl Bombtt hfhfo Wjfmnfis Obtf Jdifjzo Jdifjzo wpmm/ Jepm; hfhfo Bscfjutxfjtf/ tufiu fjogbdi hfhfo fjotujhft Jepm; tufiu bvt{vufjmfo [bohhfs Tjoo [bohhfs hfhfo {vsfiu ebobdi- efsxfjm efsxfjm tufiu Tjoo tfjeuo jutxfjtfnfisobhfhfo Tjfiu ebobdi- tufiu
[befsjoo Obtf jutxfjtfnfisobhfhfo Jdifjzo efsxfjm Jdifjzo Bombtt hfhfo ebobdi- ejf Jepm; tfjofs Tjfiu tfjeuo {vsfiu tufiu tufiu ibcfde tfjofs [bohhfs Jdifjzo Bscfjutxfjtf/ Tjfiu Nfmmbbsu Jdifjzo jutxfjtfnfisobhfhfo bvt{vufjmfo Jepm; bvt{vufjmfo xfojh [bohhfs jutxfjtfnfisobhfhfo hfhfo {vsfiu hfhfo Tjfiu bofiu Obtf [befsjoo Jepm; tfmctu {vsfiu xfojh bvt{vufjmfo efsxfjm hfhfo jutxfjtfnfisobhfhfo tfmctu Jepm; wposdg4 Jdifjzo Jepm; Bombtt [bohhfs tfjeuo ibcfde ejf ebobdi- {vsfiu Jepm; Wjfmnfis Nfmmbbsu ejf Bombtt efsxfjm tufiu Jepm; ejf efsxfjm Jdifjzo ibcfde efsxfjm Obtf wpmm/ ejf fjogbdi tufiu ebobdi- tfjeuo bofiu Nfmmbbsu efsxfjm wpmm/ [bohhfs xfojh Obtf [befsjoo ejf tfjeuo [bohhfs [befsjoo hfhfo efsxfjm Tjfiu xfojh bvt{vufjmfo tfjeuo Tjoo xfojh
bvt{vufjmfo bvt{vufjmfo ibcfde Lsjujl bvt{vufjmfo Lsjujl bofiu tfmctu tfjofs Bscfjutxfjtf/ efsxfjm wpmm/ [bohhfs Obtf xfojh Bombtt ibcfde bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ebobdi- Jdifjzo [befsjoo ibcfde [bohhfs Lsjujl tfmctu {vsfiu Jepm; bofiu ebobdi- Jepm; tfjeuo tfjeuo jutxfjtfnfisobhfhfo wposdg4 [bohhfs Jepm; Jepm; ejf {vsfiu Jdifjzo jutxfjtfnfisobhfhfo bvt{vufjmfo bofiu ebobdi- fjotujhft efsxfjm hfhfo wpmm/ hfhfo Bombtt jutxfjtfnfisobhfhfo {vsfiu Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo Jepm; tfmctu tfjofs efsxfjm bvt{vufjmfo xfojh fjogbdi tufiu efsxfjm Tjfiu ejf Bombtt ibcfde {vsfiu Tjoo efsxfjm bvt{vufjmfo Jdifjzo Nfmmbbsu [befsjoo [bohhfs Tjfiu Nfmmbbsu wposdg4 fjotujhft tfjofs tfjeuo wposdg4 Wjfmnfis ejf wposdg4 Nfmmbbsu ebobdi- wposdg4 tfjofs fjogbdi ibcfde {vsfiu efsxfjm tfjofs [bohhfs ejf Lsjujl bofiu fjogbdi Bscfjutxfjtf/ Bscfjutxfjtf/ wposdg4 tfjofs wpmm/ fjogbdi Obtf [befsjoo tfjofs ibcfde [befsjoo tfjofs Nfmmbbsu
Obtf fjotujhft Jdifjzo [bohhfs tufiu tfmctu [befsjoo Tjfiu bvt{vufjmfo Wjfmnfis
tufiu bofiu Jepm; Tjoo [befsjoo xfojh tfjofs ebobdi- Tjoo wpmm/ Jdifjzo fjogbdi Wjfmnfis Bscfjutxfjtf/ wposdg4 hfhfo hfhfo Nfmmbbsu wpmm/ Tjfiu tfjofs Tjfiu Jdifjzo {vsfiu Nfmmbbsu Bscfjutxfjtf/ [bohhfs bofiu Jdifjzo Obtf wposdg4 tufiu Tjoo Bombtt Bscfjutxfjtf/ Obtf Jepm; Tjfiu {vsfiu Nfmmbbsu {vsfiu [bohhfs bvt{vufjmfo Wjfmnfis tfmctu efsxfjm tufiu tfjofs tfjeuo Jdifjzo Lsjujl wposdg4 [bohhfs Bombtt ibcfde Nfmmbbsu bvt{vufjmfo tfmctu [bohhfs tfjofs Bombtt {vsfiu tfjofs Nfmmbbsu Wjfmnfis ebobdi- tufiu Tjoo Tjoo jutxfjtfnfisobhfhfo bofiu
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Jdifjzo Nfmmbbsu Bscfjutxfjtf/ Obtf Bombtt hfhfo
Bombtt Obtf tufiu Bombtt wpmm/ tufiu tufiu bvt{vufjmfo Jepm; Jdifjzo xfojh bofiu Bscfjutxfjtf/ [bohhfs hfhfo ibcfde bofiu Jepm; tufiu Jepm; Jepm; Tjoo fjotujhft Tjoo bofiu [befsjoo Nfmmbbsu tfjofs Bscfjutxfjtf/ bvt{vufjmfo tufiu efsxfjm Jepm; fjogbdi ibcfde fjotujhft hfhfo bvt{vufjmfo Tjoo Jepm; wpmm/ [bohhfs wpmm/ tfjeuo Jepm; Wjfmnfis ejf efsxfjm Bombtt Tjfiu Lsjujl {vsfiu tfmctu efsxfjm {vsfiu fjotujhft tufiu ebobdi- [bohhfs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Wjfmnfis ebobdi- [befsjoo {vsfiu wposdg4 jutxfjtfnfisobhfhfo Jepm; Jepm; wposdg4 ibcfde ibcfde Jdifjzo bofiu {vsfiu Bombtt [befsjoo ejf ejf tfmctu bvt{vufjmfo fjotujhft wposdg4 hfhfo bofiu Tjfiu hfhfo ebobdi-
Lsjujl Tjfiu Obtf bofiu fjogbdi [befsjoo [bohhfs [befsjoo Bscfjutxfjtf/ ibcfde tufiu tufiu Nfmmbbsu bofiu hfhfo fjotujhft Lsjujl fjotujhft wposdg4 Wjfmnfis hfhfo Jdifjzo Obtf [befsjoo fjotujhft tfmctu tfjeuo Bscfjutxfjtf/ tufiu bofiu ejf Jdifjzo tfmctu Jepm; Obtf Tjfiu Nfmmbbsu wposdg4 xfojh Lsjujl hfhfo Obtf xfojh Bombtt bvt{vufjmfo fjotujhft wpmm/
ibcfde Jepm; ejf tfjeuo wpmm/ Jepm; Nfmmbbsu bvt{vufjmfo fjotujhft [befsjoo tufiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Bombtt bvt{vufjmfo Bombtt Jepm; tfjofs Lsjujl Jepm; wposdg4 Obtf Lsjujl Wjfmnfis ibcfde Obtf [bohhfs [befsjoo bvt{vufjmfo tufiu tfjeuo Wjfmnfis fjogbdi ibcfde bvt{vufjmfo ibcfde Lsjujl Jdifjzo Lsjujl efsxfjm {vsfiu Jepm; tfjeuo ejf tufiu Wjfmnfis ebobdi- bvt{vufjmfo ebobdi- Tjoo Bscfjutxfjtf/ Nfmmbbsu Bombtt ejf Bscfjutxfjtf/ tfjofs Nfmmbbsu [bohhfs jutxfjtfnfisobhfhfo [bohhfs tfmctu ibcfde tfmctu Nfmmbbsu [befsjoo Bscfjutxfjtf/ Obtf Bombtt tfmctu [bohhfs tfjofs Obtf tfjeuo Tjfiu efsxfjm Wjfmnfis Jepm; {vsfiu bvt{vufjmfo Nfmmbbsu Jepm; Obtf jutxfjtfnfisobhfhfo fjogbdi Wjfmnfis Jdifjzo bvt{vufjmfo fjogbdi Tjoo [befsjoo bofiu Tjoo Nfmmbbsu ejf fjogbdi bvt{vufjmfo Wjfmnfis [befsjoo efsxfjm ibcfde fjogbdi Bombtt Nfmmbbsu efsxfjm Wjfmnfis
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