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Meta Completes Split from Manus After China Orders $2 Billion Deal Reversed
Meta has completed an operational split from the Singapore-based AI startup and blocked staff data access. The move follows an April directive from Chinese regulators to reverse the December deal.
Jun 12, 3:41 AM·1m read1 source
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Meta Platforms has begun dismantling its $2 billion acquisition of Manus after Chinese regulators ordered the deal reversed in April. com. Manus relocated its headquarters and core teams to Singapore last year before Meta announced the acquisition in December.
Chinese regulators ordered the reversal under the country's foreign investment security review mechanism, according to Zhonglun law firm. Beijing issued sweeping new rules earlier this month tightening control of overseas deals involving Chinese investors, technology, data, and national security grounds.
The new outbound investment directives take effect July 1 and provide the first comprehensive legal basis for China to force the unwinding of completed overseas transactions.
The framework specifically bans cross-border talent transfers in sensitive sectors without approval. com reported. com.
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