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2 results for "AI acquisitions"

A modern corporate office featuring Contracts, related to China Orders a social media company to Unwind $2 Billion Man

Business & Enterprise · 3 min read

China Orders Meta to Unwind $2 Billion Manus AI Acquisition

China has ordered Meta to reverse its completed $2 billion acquisition of agentic AI startup Manus — a rare post-close unwind demand signaling Beijing's hardening stance on U.S. firms absorbing Chinese-origin AI talent.

A government building interior related to China Blocks a social media company's $2 Billion Acquisition from an unusual angle or perspective

Government & Policy · 3 min read

China Blocks Meta's $2 Billion Acquisition of AI Startup Manus

China's NDRC has ordered Meta to unwind its $2 billion acquisition of Manus — Beijing's most direct intervention yet in a U.S. tech company's attempt to acquire an AI firm tied to Chinese nationals.