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

Last month, China barred the founders of the AI startup from leaving the country, as the deal was being probed on national security grounds.

Economic planner asks both parties to withdraw from deal for AI firm, in move with wider implications for other start-ups operating overseas.

China said Monday it has decided to block Meta's $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.

Beijing says domestic tech companies must seek explicit government approval for accepting US investment

It comes after months of scrutiny by Chinese regulators over deal struck with Facebook owner.

What makes this case unusual isn't the ruling itself. It's how both sides responded. No lawsuits, no political theater. The block might not be as big a blow as it seems.

Beijing willing to wield long regulatory arm to protect technology deemed Chinese

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

Case shows US-China competition has expanded beyond chips and models to areas of engineering and product design, analyst says.

Meta is actively preparing to unwind the Manus acquisition, according to the Wall Street Journal.