China Expands Review Of Meta's $2 Billion Manus Acquisition To Cross-Border Currency Flows, Tax Issues: Report

This comes after Chinese regulators launched a review to check if Meta’s acquisition of the AI startup violated the country’s national security or tech export rules.

China has reportedly expanded the review of Meta Platforms Inc.’s (META) $2 billion deal to acquire Manus AI.

According to a Bloomberg report citing people familiar with the matter, Chinese authorities are now investigating potential violations of cross-border currency flows, tax accounting, and overseas investments.

This comes after Chinese regulators launched a review to check if Meta’s acquisition of the AI startup violated the country’s national security or tech export rules.

Meta shares were down nearly 1% in Friday’s pre-market trade. Retail sentiment on Stocktwits around the company was in the ‘bullish’ territory, with message volumes at ‘high’ levels.

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