China Blocks Meta’s $2 Billion Acquisition of AI Firm Manus
China has blocked Meta Platforms Inc.'s $2 billion acquisition of agentic AI startup Manus, citing laws and regulations. The National Development and Reform Commission ordered the deal's cancellation in a brief statement on Monday.
China has blocked Meta Platforms Inc.'s $2 billion acquisition of agentic AI startup Manus. The National Development and Reform Commission ordered the deal's cancellation on Monday, citing laws and regulations. The decision unwinds a controversial deal that drew fire for potential technology leakage to the US. Meta representatives did not immediately respond to requests for comment. The cancellation was announced in a one-line notice by the powerful state planner.
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