China Orders Meta to Reverse $2 Billion Acquisition of AI Startup Manus

Beijing authorities ordered Meta to unwind its $2 billion takeover of the AI startup Manus, according to reports. Manus is an AI startup that had been positioned as a success story before the regulatory intervention. Newley Purnell reports on the order by Beijing authorities, detailing how the company is now seen as a cautionary example.

@business reported that Manus, once a high-profile success story, is turning into a cautionary tale for Chinese entrepreneurs following the order. The directive from Beijing authorities targets the $2 billion deal specifically, requiring Meta to reverse the acquisition.