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Meta Platforms is preparing to unwind its acquisition of artificial intelligence startup Manus.
China has ordered Meta to unwind its $2 billion-plus acquisition of AI startup Manus.
KEY POINTS
- Beijing set a deadline of several weeks for Meta and Manus to reverse the transaction.
- Meta and Manus may face penalties if they do not fully rescind the deal and restore assets.
- Singapore-based Manus investors, including Benchmark, have already received returns from the acquisition.
COMPANIES
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