China Blocks Meta's $2B Manus Acquisition
Chinese regulators blocked Meta's $2 billion acquisition of Manus on Monday, ordering both companies to terminate the deal. The Office of the Working Mechanism for Foreign Investment Security Review, operating under the National Development and Reform Commission, made the decision. The move reflects China's tightening scrutiny of foreign technology acquisitions and signals potential friction in cross-border AI and hardware deals.
by Jing Yangยท The Information
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