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The Chinese government has handed Mark Zuckerberg’s Meta a deadline to undo its $2.5 billion acquisition of AI startup Manus, citing national security concerns. Citing sources familiar with the matter, a report by The Wall Street Journal claimed that Beijing has given the tech giant just a few weeks to completely “disentangle” itself from the…
Meta acquired Manus AI startup for $2 billion last year, but the deal has now come under scrutiny from Chinese authorities, highlighting rising tensions over cross-border tech deals. The Chinese government is currently reviewing whether the transaction violated rules related to technology exports and overseas investments. The development has drawn attention across the tech industry,…
Facebook-parent Meta recently announced acquisition of Chinese-founded Artificial Intelligence (AI) startup Manus. Mark Zuckerberg-owned company did not disclose financial terms of the transaction, but a source with direct knowledge of the matter said that the deal values the Singapore-based company between $2 billion and $3 billion. Manus is backed by its parent Beijing-based Butterfly Effect…
