Business

Meta's Business Deal Unwinding

Updated 2026-08-11 16:25 UTC 1 source Neutral

Meta is unwinding a $2 billion deal to acquire Manus after China forced the company to do so. This move comes as Meta seeks to strengthen its AI strategy.

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CNBC

Manus to return as independent company after China forced Meta to unwind $2 billion deal

Last December, Meta said it planned to acquire Manus for $2 billion, its latest effort to shore up its AI strategy.

2026-08-11 16:12 UTC