Financial Times: China is reviewing Meta's $2 billion acquisition of Manus.
TL;DR
China is reviewing Meta's $2 billion acquisition of AI platform Manus to check for potential violations of technology export controls, which could lead to government intervention or termination of the deal.
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[Financial Times: China is reviewing Meta's $2 billion acquisition of Manus] According to a report by the Financial Times, Chinese officials are reviewing Meta's $2 billion acquisition of the artificial intelligence platform Manus to assess whether the deal violates technology export controls. Two sources familiar with the matter revealed that Ministry of Commerce officials have begun assessing whether the relocation of the Manus team and technology to Singapore and subsequent sale to Meta requires export licenses under Chinese law. The report states that the review may focus on whether the Manus team developed export-controlled technologies within China. Although the review is still in its early stages, if the assessment concludes that export licenses are required, the Chinese government may have the right to intervene in the transaction, and in extreme cases, even terminate it.