07.07.2011 - China wants to acquire $1.2 bln stake in Facebook, should you be concerned?
Business Insider recently reported that China is trying to buy a $1.2 billion stake in Facebook, giving the country "a huge chunk" of the world's most popular social playground. If you're an active Facebook user, China's interest in Zuckerberg's social networking site is a scary one given the country's penchant for censorship. But should you really be concerned? As Business Insider reports it, Citibank is trying to acquire up to $1.2 billion of Facebook stock for two sovereign wealth funds, one from the Middle East and the other Chinese..............................................Full Article: Source
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