My Internet Notebook

a journal on software, mobile, marketing

CNOOC Buy Unocal?

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It’s interesting to read all the stories of this high profile take-over of Unocal from CNOOC. It is highly sensitive politically and its effects could be far-reaching financially. If you think about it: this deal is 10 times bigger than the Lenovo’s takeover of IBM PC business. US Congress is already objecting to the deal. Will the Bush administration block it? My bet is unlikely. BofA just spent $3 billion to buy 10% of Chinese government owned bank. Both sides have a lot to lose if US government intervene in business transactions.

Written by Y.

June 25th, 2005 at 4:53 pm

Posted in Business

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