Morgan Stanley is now reportedly considering a large minority investment from, or possibly a merger with, an investment arm of the Chinese government. And people thought we’d turned into Communists before.
WSJ: The swift market change appeared to give breathing room to Morgan, which has been forced into merger discussions after losing more than 40% of its value in the past week.
Those discussions were still in play Thursday, including talks with Wachovia Corp., and an investment arm of the Chinese government. The range of options include a full merger, as well as a large minority investment meant to restore confidence to the firm.
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