Meta prepares to undo Manus acquisition after China ban, WSJ reports
Meta Platforms is preparing to unwind its acquisition of AI startup Manus after China blocked the deal on national security grounds, the Wall Street Journal reported. China has given Meta and Manus a preliminary deadline of several weeks to reverse the transaction and restore Manus's Chinese assets to their original state.
Meta Platforms is set to unwind its acquisition of Singapore-based AI startup Manus after China blocked the deal, citing national security concerns. China's commerce ministry had launched an investigation into the sale in January, days after Meta completed the acquisition. The investors of Manus, including venture capital firm Benchmark, have already received their returns. China has ordered Meta and Manus to reverse the transaction within several weeks and restore Manus's Chinese assets to their original state, including removing any data or technology previously transferred. Chinese regulators may impose penalties on Manus and Meta if the deal is not fully rescinded. The move comes ahead of a planned mid-May summit in Beijing between US President Donald Trump and Chinese President Xi Jinping.
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