Chinese Regulators Block Meta from Acquiring Manus
Regulators in China have halted Meta’s planned takeover of artificial intelligence firm Manus, dealing a setback to the social media giant’s ambitions to expand its AI capabilities. The agreement, first revealed in late December, was reportedly valued at about $2 billion at the time. Meta had intended to integrate Manus’ technology into its own systems, strengthening AI features across its platforms. However, reports published Monday indicated that China’s National Development and Reform Commission had rejected the deal. Authorities cited restrictions on foreign investment and instructed both sides to abandon the transaction. In a statement to the BBC, a Meta spokesperson said the company had followed all relevant legal…