Sources: Meta is preparing to have to unwind its $2.5B Manus acquisition after China banned the transaction; Manus investors have already received their returns
The ban sends a message that China is intent on keeping its AI knowledge within the country — Meta Platforms is preparing …
Wall Street Journal
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Discussion
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r/China_irl
r
on reddit
WSJ：Meta正着手撤销对Manus的收购
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r/China
r
on reddit
China blocks Meta's $2 billion takeover of AI startup Manus
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@niubi
Bill Bishop
on x
Hope @bgurley and the other non-PRC investors tell Meta to “F off and sue us” if Meta tries to claw back the deal proceeds
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@niubi
Bill Bishop
on x
Why is Meta just caving and not hiring lobbying firms and law firms to influence and sue the PRC government like they would if they got this kind of order from the US government?
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@loyndsview
Stephen Loynd
on x
“Undoing the acquisition could be complicated as Meta has already started integrating Manus's technology into its systems. Manus's investors, including U.S. venture capital firm Benchmark, have already received their returns from the deal.” https://www.wsj.com/... #Meta #Manus
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@meghanbobrowsky
Meghan Bobrowsky
on x
Meta is preparing to have to unwind its Manus acquisition after China banned the transaction Monday, according to ppl familiar w the matter The companies have a deadline of several weeks to undo the deal & restore Manus's Chinese assets to their OG state, some of the ppl said [im…
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@niubi
Bill Bishop
on x
It was a sarcastic tweet. PRC has big leverage over meta and Zuckerberg. https://sinocism.com/... and this cave should raise even more alarm bells about the meta smart glasses/surveillance devices being made in China [image]
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@chrisrmcguire
Chris McGuire
on x
After China's cancellation of Meta's purchase of Manus, why would any founder start an AI company in China if they had a choice? In China you have access to less compute, less capital, and salaries are lower than in the West. And if you are so successful that a non-Chinese firm…
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@villi
@villi
on x
This is right. This is very damaging to the Chinese ecosystem. But, the idea that you can just leave China and start your company abroad misses the point about how authoritarian regimes work. If you have family behind, you are putting them at a huge risk.
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Georgio Mosis
Georgio Mosis
on linkedin
The decision by China to block the acquisition of Manus by Meta is another clear signal that we are no longer operating in a purely global market—but in a geopolitically conditioned one. …
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@kyleichan
Kyle Chan
on x
The thing I'm most surprised by with Beijing's block of the Manus deal is that they let it get this far. Manus made a big splash last year and was even touted on Chinese state media. The move to Singapore might've seemed smart from a commercial standpoint, but the optics were