China Bidding on Park Place, Boardwalk, Facebook
Some interesting goings-on in the world of high-tech finance:
China wants to buy a huge chunk of Facebook, a source at a fund that buys stock from former Facebook employees tells us.
This source learned of China's interest when it approached him to see if he could help put together a stake large enough "to matter."
Seperately, a second source tells us there is a rumor going around Facebook that Citibank is at this very moment trying to acquire as much as $1.2 billion worth of Facebook stock on behalf of two sovereign wealth funds – China's and another from the Middle East.
China and the Arabs want Facebook? My first instinct is, let 'em have it.
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URL to article: http://pjmedia.com/vodkapundit/2011/6/30/china-bidding-on-park-place-boardwalk-facebook