Tuesday, November 01, 2005

Chinese bid for Exxon Mobil

The Guardian reports that a bid could be made by a small Chinese company to acquire Exxon Mobil, in a deal valued at $450bn... Of course, this looks very much like a hoax as the newspaper accurately reports and the Chinese firm even mentioned that the "offer was subject to financing". Good luck with that! Yet could you imagine the response of the US government? They already went a bit crazy with the Unocal bid so this one would be World War III (as an analyst mentioned).

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