Meta reportedly moves to unwind $2B Manus deal after Beijing’s demand
TechCrunch
Meta is dismantling its $2 billion acquisition of Manus following a divestiture order from Beijing based on national security concerns.Summary
Meta has initiated the operational separation of the AI startup Manus, including terminating data sharing and system access, to comply with a divestiture order from Chinese regulators. This move follows Beijing's crackdown on technology companies, which also involves increased restrictions on foreign capital and executive travel. Manus co-founders are reportedly exploring a $1 billion buyout to reclaim the company, potentially targeting a future listing in Hong Kong.
(Source：TechCrunch)