Report: Meta to undo Manus acquisition after Chinese block

Meta has declined to confirm the validity of the report.

Meta is reportedly preparing to undo its $2bn acquisition of Manus after the Chinese government blocked the deal, citing national security.

The Wall Street Journal (WSJ) was the first to report on the story. Meta declined to confirm the validity of the report.

Reversing the acquisition is going to be difficult for Meta, which has already integrated Manus employees, executives and technology into its own.

Investors, including Tencent Holdings, ZhenFund and Hongshan, have also reportedly received their proceeds from the acquisition.