PANews|Apr 28, 2026 03:56
[Meta Reportedly Preparing to Withdraw Acquisition of Manus]
According to The Wall Street Journal, sources familiar with the matter revealed that after the Office of the Foreign Investment Security Review Mechanism under China's National Development and Reform Commission (NDRC) issued a decision to prohibit foreign investment in the acquisition of Manus, Meta is preparing to withdraw from the deal. Sources stated that if Meta proceeds with the withdrawal process, several former Asian investors in Manus, including Tencent, Sequoia China, and ZhenFund, have already planned to cooperate.
Yesterday, it was reported that the NDRC announced a decision to prohibit foreign investment in the acquisition of Manus in accordance with laws and regulations.
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