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Meta reportedly moves to unwind $2B Manus deal after Beijing’s demand
Meta is reportedly taking steps to unwind its $2 billion acquisition of Manus, a virtual reality technology company.
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Meta is reportedly taking steps to unwind its $2 billion acquisition of Manus, a virtual reality technology company. The move comes after Beijing reportedly demanded that the deal be reversed. This development suggests that Meta is complying with the Chinese government's request, although the exact nature of the compliance process is unclear. The significance of this development lies in the fact that it marks a reversal of Meta's previous acquisition, which was reportedly valued at $2 billion.
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