Chinese regulators have prohibited Meta's $2bn takeover of AI startup Manus, ordering both parties to withdraw the deal. The ruling adds to growing US-China tech tensions as Meta faces a complex unwind of an acquisition already deeply integrated into its operations.
technology
China blocks Meta's $2bn acquisition of AI startup Manus over foreign investment rules
Share:
Photo credit: 3News
Chinese regulators have blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment rules. Both companies have been ordered to withdraw the deal. This decision intensifies US-China tech tensions, as the acquisition was already deeply integrated into Meta's operations, necessitating a complex unwind.
Source
3News
#["Tech"]