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Reports Indicate Meta Is Poised to Abandon Manus Acquisition, with Investors like Tencent Eyeing Partnership
15 hour ago /
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Author：小编
On April 27, the Office of the Foreign Investment Security Review Mechanism, operating under the auspices of China's National Development and Reform Commission, formally prohibited Meta from acquiring the Manus project and mandated the termination of the deal. In light of this, Meta is now gearing up to withdraw from the acquisition. The acquisition was legally blocked because it breached China's stringent criteria for foreign investment security reviews, neglected to adhere to the requisite legal procedures, and raised concerns regarding compliance in the realms of technology exports and cross-border data transfers.
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