Meta's $2b Manus acquisition sparks concerns from Chinese regulators
techradar.com
- Meta plans to acquire Manus for $2 billion, but not before Chinese investigators get stuck in
- The Chinese company relocated to Singapore, potentially without Chinese permits
- Manus' AI could help improve Meta's AI, but Manus will continue to operate separately
Singapore-based but Chinese-founded AI company Manus is set to be acquired by Meta in a $2 billion takeover, but the deal hasn't gone unnoticed by Chinese regulators, who are concerned about export laws.
According to the Financial Times, Chinese regulators are now reviewing whether the acquisition violates export-control laws, and whether Manus needed an export license to move from China to Singapore.
If it's deemed that an export license would've been needed, it could mean that the deal is stalled, or even stopped altogether.
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