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China blocks Meta’s $2 billion acquisition of AI agent startup Manus.
The economic watchdog did not explain its decision to cancel the deal, which Beijing had scrutinized since it was first announced in December. It was largely complete and Manus is already integrated into some of Meta’s tools. [Link: China blocks Meta’s $2bn purchase of AI group Manus | https://www.ft.com/content/1e4c269a-5258-406c-a308-e55c3d5d640f?syn-25a6b1a6=1 | FT.com]
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caixinglobal.com
China Orders Reversal of Meta’s $2 Billion Manus Deal
Regulators block the acquisition of the Singapore-based AI startup after a foreign investment review, underscoring Beijing’s tightening scrutiny over tech exports and foreign…
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forbes.com
Meta’s $2 Billion Deal To Buy AI Startup Manus Blocked By China
Last month, China barred the founders of the AI startup from leaving the country, as the deal was being probed on national security grounds.
