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AI Startup Acquisition by Meta: China Reportedly Restricts Exit of Manus Co-founders
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The Wall Street Journal, citing sources, reported that China is evaluating the transaction in which AI startup Manus is being sold to Meta (META.US) for USD2.5 billion. The two co-founders of Manus have been advised not to leave the country during this period. It is reported that earlier this month, Manus CEO Xiao Hong and Chief Scientist Ji Yichao were arranged to meet with officials from the National Development and Reform Commission to discuss the transaction and were asked not to leave the country until further notice. Meta stated that the transaction fully complies with the law and expects the related investigation to be properly resolved. (mn/da) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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