Mr. Morgan obviously did not expect that the company Fang Lang was talking about was actually this laboratory.
Regardless of whether Morgan thinks the company has development potential, he must show strong confidence in the company at this time.
"Mr. Fang, you have a very sharp eye. This is the most important asset of AT&T.
However, this company is not a profit-making company. Are you sure you want to exchange for shares in this company?
If you own shares of this company, it means you will bear the same proportion of the company's R&D expenses!"
Fang Lang didn't understand what Morgan meant when he heard this. It seemed that Morgan was not opposed to exchanging the company's shares with Fang Lang. Obviously, the Morgan family had not yet discovered the greatness of this company.
There is no need to be afraid of bearing R&D expenses. Once you become a shareholder, it means that the company's more than 20,000 scientists can be used by you.
This is the place where eight Nobel Prize winners and five scientists nominated for the Nobel Prize were born.
"It's fine for me to bear the research expenses, as long as I have the right to use all the results of the laboratory and the same proportion of patent income."
...
...
This requirement is definitely reasonable. After all, shareholders must automatically receive investment returns!
Morgan had no reason to refuse, but Morgan was obviously not very familiar with the company, and there was no way the negotiations would be successful in one go.
Since Fang Lang was willing to exchange his company's shares, Morgan had obtained the investment opportunity he wanted.
Of course, the benefits cannot be compared with listing the company.
"Mr. Fang, if that's the case, I will bring your proposal to the company's board of directors for discussion tomorrow. The specific results will have to wait for the results of the board's discussion."
"Mr. Morgan, I'm waiting for good news!"
In this way, both parties achieved the main purpose of the meeting, and the rest required organizing a professional team to conduct specific negotiations.
The group company has professional legal and investment department personnel to take care of these matters, so there is no need for the two big bosses to show up in person.
Fang Lang did not have high expectations for the proportion of shares he would acquire in Bell Labs. In his opinion, 20 percent would be the maximum.
The most likely possibility is a single-digit percentage.
However, he also informed the company's negotiation team that the amount of shares he would sell in Global Shipbuilding must not exceed 20%.
A Wall Street wolf like the Morgan family may be kicked out at any time as long as the proportion of shares they hold is reduced.
When Fang Lang took Berg into the car, Berg finally couldn't help but express his doubts.
"Boss, why don't you just go public and raise funds? Instead, you have to exchange shares with a laboratory that has no income at all. Isn't this a loss?"
"I see you haven't heard of this Bell Labs?"
"Is he famous?"
"No, he is just a newcomer now and has no reputation outside. However, he has a huge reputation in the scientific community."
"How did you know about this company?"
Of course Fang Lang couldn't tell him that he knew it from later generations!
He smiled and said:
"Because I am currently introducing a radio and television system, and this system came from this laboratory. That's why I heard of his name."
"Oh? Are you going to set up a TV station in Brazil?"
Berg is the assistant to the chairman of the Global Group. He knows that Fang Lang also has a Fangyuan Group in Brazil, but he does not know the specific business scope of the Fangyuan Group.
Therefore, I was very surprised to hear that Fang Lang was going to set up a TV station in Brazil.
The United States actually officially started television broadcasting in June 1941, but the outbreak of World War II froze the development of television broadcasting.
Only after the war did China enter a period of rapid development again. Of course, the televisions at that time were still black and white.
Color television did not come onto the market until 1950.
"Yes! The equipment is almost ready to be shipped to Brazil. What's the matter?"
"Well... Boss, I wonder if your TV station needs any more staff!"
I was just looking for a reason to tell Berg that I knew about Bell Labs, but I didn't expect Berg to ask such a question.
"Why, our Miss Berg wants to change her career to become a broadcaster?"
At this time, many places in the United States already had televisions, and television, like movies, had also cultivated some star effects.
So Fang Lang’s first reaction when he heard Berg’s question was that Berg wanted to be a TV star.
Berg waved his hands and said:
“No, no, it’s one of my uncles. He has been the editor-in-chief of NBC for several years. Some time ago I heard that he wanted to start a new TV station.
However, he has not found any investment, so I want to ask him if your TV station needs any staff."
There are only a few TV stations in the United States now, so people who understand how to operate TV stations are indeed very rare and are considered scarce talent.
Fang Lang's original plan was to merge the new TV station with his own Brazil Times to form a news media company.
I was just worrying about where to find the right talent! Unexpectedly, my assistant brought up this matter today.
"Oh! Of course I really need help, but this TV station is in Brazil, which is a Portuguese-speaking country. Is your uncle willing to work in Brazil?"
"Really? That's great, I'll call him when I get back and ask him if he's interested."
Seeing Berg’s happy expression, you can tell that this uncle is still very close to their family.
"If he's interested, please help me arrange a meeting with him in the next two days. I'm going to England soon. So you'd better be more efficient."
"Yes, I'll give you an answer tomorrow morning."
The effect of the topic being diverted was that Berg no longer remembered asking Fang Lang why he wanted to swap shares with Morgan.
The next afternoon, Fang Lang met the uncle that Berg had mentioned.
He doesn't look old, probably less than 40 years old at most. He is tall and thin, wearing glasses, and looks gentle and refined.
He has a strong scholarly temperament.
Berg introduced the two parties and then left the office.
"Mr. Anderson, Berg told me that you are the editor-in-chief of NBC. Why do you want to start your own TV station?"
Fang Lang looked at the middle-aged man in front of him and spoke directly.
This was not the first time Anderson had met with investors, but all the investors refused to invest in him after hearing his ideas.
Berg was the kid from his neighbor's family, and he got along very well with his family. They all knew that they had long wanted to set up their own TV station.
So, early this morning, before he went out to work, Berg stopped him at home and told him that his boss was going to build a TV station in Brazil.
He happened to be a professional who could speak Portuguese and had long wanted to set up a TV station, so he asked me if I was interested in talking to his boss.
Anderson originally refused, but his wife took the initiative to express her support for him.
Only then did he muster up the courage to make one last attempt.
"How should I put it? Actually, the main reason is that I want to find a stage to display my own ideas!"
"Can you tell me your thoughts on the TV station?"
When Fang Lang expressed his ideas for the TV station, he hesitated.
Because his ideas were not accepted by the world, every time he expressed his ideas for building a station, the conversation would come to a deadlock.
But he thought about it, gritted his teeth and decided to tell the truth.
And I told myself in my heart that this was the last time, and if it still didn't work, I would have to give up this unrealistic fantasy.
“Of course, all TV channels are now pay channels, which I think is very detrimental to the promotion and dissemination of television.
My idea is to quickly promote my TV station for free, expand the audience, and make television broadcasting accessible to everyone.
However, all the investors thought I was crazy. No one would be willing to invest in a free channel with no income.
I also approached TV manufacturers, but no one was willing to invest in my project because they felt they were not the only ones producing TVs.
Even if my TV station can increase the number of customers who buy TV sets, they may not necessarily buy the brand they produce. Therefore, I have not found a businessman willing to invest in me so far.”
After saying this, Anderson was ready to be rejected.
After all, every time he said this to investors, they looked at him like he was a fool.
I can understand it if I think about it. After all, no one is willing to continue investing in a project that will not generate any income.
Looking at Anderson's somewhat frustrated expression, it was obvious that he no longer had much confidence, and Fang Lang understood.
The other party must have been rejected too many times and has begun to think about giving up.
After smiling, Fang Lang continued to ask:
"So how does Mr. Anderson plan to make this TV station profitable?"
“I’m sorry, Mr. Fang, I have thought of many ways and contacted many TV manufacturers.
But the results were not satisfactory, and no one refused to pay for my crazy idea. "
Anderson understood that today's conversation was about to end. Just as he was about to take the initiative to end the conversation, he heard the other party continue to ask.
"You know a lot about the operation of a TV station, right?"
"Yes, I participated in the formation of NBC. I switched from radio to TV projects and I have a very good understanding of the operation of the entire TV station."
"Would you like to work in Brazil and build a TV station from scratch?"
Fang Lang's question stunned Anderson. What did that mean? Did he agree with his idea?
He looked up at Fang Lang in disbelief and said:
"Mr. Fang...Mr. Fang, are you willing to invest in me?"
Fang Lang smiled and did not answer Anderson's question.
"Answer my question first."
“Yes, Mr. Fang, if you are willing to invest in me, I am certainly willing to work in Brazil.”
“Then can you build a startup team in the United States and bring it directly to Brazil?”
"If we can ensure that the wages are higher than in the United States, I think there will be no problem."
"What do you think is the most important program for a TV station? Or, what kind of TV station do you want to set up?"
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