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Tech3 outlets

China vetoes Meta’s $2B Manus deal after months-long probe

Chinese regulators have blocked Meta’s $2 billion acquisition of Manus, ordering the company to unwind the deal after a months-long probe into compliance with Beijing’s investment rules. The decision follows Manus’s relocation to Singapore in 2025, prompting Meta to halt the transaction under the authorities’ directive.

TechMeme·The Next Web·TechCrunch