Beijing Blocks Meta's $2 Billion Acquisition of Manus
China has blocked Meta's $2 billion acquisition of Manus, a Chinese-founded AI startup, citing national security concerns. The move underscores Beijing's efforts to protect its intellectual property and tech assets, particularly as the U.S.-China tech rivalry intensifies. The acquisition was under investigation, and two Manus co-founders were restricted from leaving the country.
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Topics: AI China Foreign Acquisition Manus Meta Regulatory Action