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Reports say Meta is preparing to withdraw from acquiring Manus; Tencent and other investors plan to cooperate.
Golden Finance reports that on April 28, according to the Wall Street Journal citing sources familiar with the matter, after the Foreign Investment Security Review Office under China’s National Development and Reform Commission lawfully made a decision to prohibit investment in the Manus project following a foreign investment review, Meta is preparing to withdraw from the acquisition deal. Sources say 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.