Business

Meta Faces Beijing's Orders to Dismantle Deal

Updated 2026-06-12 09:25 UTC 1 source Negative

Meta has begun dismantling its $2 billion acquisition of Manus in compliance with an unprecedented order from the Chinese government. The move highlights growing tensions between tech giants and Beijing.

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CNBC

Meta reportedly begins dismantling $2 billion Manus deal on Beijing's orders

Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing's unprecedented order to hand back the Chinese-founded AI startup.

2026-06-12 07:41 UTC