According to always-reliable anonymous sources, the Chinese government is looking to buy a considerable amount of Facebook stock in partnership with funds from the Middle East.
Overall, the percentage in Facebook China would gain is minimal—about 1%—as the reported investment is about $1.2 billion worth of stock. Facebook’s recent IPO evaluation came in at about $100 billion.
As a private company, the only thing standing in China’s way would be Mark Zuckerberg, but the CEO is reportedly in favor of the idea, believing his company could be an “agent of change” in a country that’s famously banned Twitter and posed many obstacles to Google’s expansion eastward. The fear, though, is the necessary censorship FB would have to undergo in the country.
[via ReadWriteWeb]
