Two founders of artificial intelligence company Manus cannot leave China while government officials examine Meta's $2 billion purchase of their startup. Chinese regulators are determining whether the massive acquisition breaks the country's investment regulations.
Two executives who founded artificial intelligence company Manus are being prevented from departing China while government officials examine Meta’s proposed $2 billion purchase of their technology startup, according to a Wednesday report from the Financial Times.
Chinese regulatory authorities are conducting a thorough review to determine if the massive acquisition by Meta violates the nation’s foreign investment regulations, the publication stated.
The travel restrictions on the company’s co-founders come as part of the ongoing governmental scrutiny of the high-profile technology deal.
Reuters noted they were unable to independently confirm the Financial Times report at the time of publication.
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