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China Blocks Meta's $2 Billion Acquisition of AI Startup Manus
April 27, 2026, 8:49 AM UTCChina has decided to block Meta Platforms Inc.’s $2 billion acquisition of agentic AI startup Manus, making a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.The National Development and Reform Commission ordered the deal’s cancellation in a brief statement Monday. The decision was made in accordance with laws and regulations, the powerful state planner said in a one-line notice, without elaborating. Meta representatives didn’t immediately respond to requests for comment. The decision is likely to send a chill through China’s burgeoning AI sector, and emerged mere weeks ... Learn more about Bloomberg Law or Log In to keep reading: See Breaking News in Context Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Already a subscriber? Log in to keep reading or access research tools and resources.
China Blocks Meta's $2 Billion Acquisition of AI Firm Manus
China has decided to block Meta Platforms Inc.’s $2 billion acquisition of agentic AI startup Manus, making a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.The National Development and Reform Commission ordered the deal’s cancellation in a brief statement Monday. The decision was made in accordance with laws and regulations, the powerful state planner said in a one-line notice, without elaborating. Meta representatives didn’t immediately respond to requests for comment.
China halts Meta's $2B acquisition of AI startup Manus
The decision to block the acquisition of Manus by Meta Platforms Inc. is likely to have far-reaching implications for both companies and the broader tech industry. It underscores the challenges and risks associated with cross-border acquisitions in sensitive industries, particularly in the context of escalating geopolitical tensions and trade disputes between major powers.
China blocks foreign acquisition of AI startup Manus | Reuters
China's state planner has prohibited foreign acquisition of Chinese artificial intelligence startup Manus, ordering involved parties to cancel the transaction, the National Development ...
