China blocks Meta's $2B Manus acquisition
techApr 27, 202650391
China's state planner ordered Meta to unwind its $2 billion acquisition of AI startup Manus, citing foreign investment and technology-transfer concerns. The decision reverses a deal that would have given Meta Manus's agentic AI systems and follows Beijing's review of whether advanced AI know-how could move abroad. Meta said the transaction complied with applicable law and expects an appropriate resolution, but the block underscores Beijing's tightening scrutiny of foreign tech deals and could chill cross-border AI investment.
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zettawire.comChina blocks Meta's $2 billion acquisition of AI startup Manus. The surprise move reverses a controversial deal criticized for technology leakage to the US #China #Metabloomberg.comChina Blocks Meta’s $2 Billion Acquisition of AI Startup Manusbloom.bgChina Blocks Meta’s $2 Billion Acquisition of AI Startup Manus