Meta Unwinds $2 Billion Manus Acquisition After China Order

Meta has begun unwinding its $2 billion acquisition of Chinese-origin AI company Manus following an order from China. This decision marks a significant reversal for the tech giant.

12 Jun, 10:35 — 12 Jun, 10:35

Post Share

Sources

Showing 1 of 2 sources

Times of IndiaMostly Factual75d ago

Meta starts 'unwinding' deal with Chinese-origin AI company Manus that it spent $2 bn on

Meta is unwinding its $2 billion acquisition of AI startup Manus following a directive from Chinese regulators. The tech giant has ceased data sharing and blocked Manus staff from its systems, a move seen as a significant test of China's tightening grip on technology and overseas investments amid US competition.

By TOI TECH DESK

Read full article →

Coverage Timeline

First report: Times of India · 12 Jun, 10:35|Full coverage: 2 · 3h|Window: 3h

Left-leaningCenterRight-leaning

Times of India12 Jun, 10:35First to report

Meta starts 'unwinding' deal with Chinese-origin AI company Manus that it spent $2 bn on

3h later

Yahoo12 Jun, 13:50Latest update

PERSPECTA

PERSPECTA

Meta Unwinds $2 Billion Manus Acquisition After China Order

Sources

Meta starts 'unwinding' deal with Chinese-origin AI company Manus that it spent $2 bn on

Coverage Timeline

Meta starts 'unwinding' deal with Chinese-origin AI company Manus that it spent $2 bn on

Meta unwinds $2 billion Manus acquisition after China order

Related Stories

Deadly Floods and Mudslides Strike Nepal-Tibet Border Region

Ukrainian Drones Strike Major Warehouse of Russia’s Top E-Commerce Firm

Prince Harry and Meghan Markle Return to the United Kingdom After Six Years

Lithuanian President Says He Was Informed of CIA Chief's Moscow Visit

PERSPECTA