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

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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

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

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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

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Meta Unwinds $2 Billion Manus Acquisition After China Order

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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

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