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China’s state planner on Monday called for Meta
to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.
The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has asked the parties involved to withdraw the acquisition transaction.
CNBC has contacted Meta for comment. Shares were 0.2% lower in premarket trading.
