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China orders Meta to unwind $2bn acquisition of AI app Manus

Yahoo Finance AIApr 28, 20261 min read
China orders Meta to unwind $2bn acquisition of AI app Manus

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3 Key Points

  1. China has ordered Meta to unwind its $2bn acquisition of artificial intelligence app Manus.

  2. The action occurs amid competition between Washington and Beijing for dominance in AI.

  3. Meta is required to reverse the deal as directed by Chinese authorities.

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