China Blocks Meta's $2B Acquisition of AI Firm Manus

(bloomberg.com)

14 points | by limoce 7 hours ago ago

4 comments

  • DivingForGold 27 minutes ago

    Please explain how China has any power to block this ? Company is in Singapore. Do what ? CCP to kidnap founders family members still in China, which would not surprise me.

    • rawgabbit 22 minutes ago

      When the US says something is illegal, at times, it cannot enforce it as the actors are beyond its reach. If or when, those actors step onto US soil or a country with an extradition agreement with the US, then they will be arrested and tried.

      https://en.wikipedia.org/wiki/Extradition_law_in_China

  • garbawarb an hour ago

    Manus started in China, and China is doing this even though they moved their operations to Singapore. This sounds like a message to Chinese founders not to build their companies in China.

  • sylware 6 hours ago

    I wish EU could resist big tech international finance with the same strength.

    But corruption may let it happen anyway, with a bit more covolution and internationalization.