China blocks Meta’s Manus deal after months-long probe, thwarting purchase
China's National Development and Reform Commission blocked Meta's proposed purchase of AI firm Manus after a months-long probe. The regulator asked both parties to cancel the transaction.
China's top economic planner, the National Development and Reform Commission (NDRC), blocked Meta Platforms' proposed purchase of artificial intelligence firm Manus. Manus is registered in Singapore but developed its products in mainland China. The NDRC announced the ruling on Monday and asked the parties to cancel the transaction. The probe into the deal was launched in January. Meta and Manus did not immediately respond to requests for comment.
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