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Meta Prepares to Withdraw Acquisition of Manus; Investors Including Tencent Plan to Cooperate
On April 28, the Wall Street Journal reported, citing informed sources, that after the Office of Foreign Investment Security Review under China’s National Development and Reform Commission made a legal decision to prohibit foreign investment in the Manus project, Meta is preparing to withdraw from the acquisition deal. According to sources, if Meta proceeds with the withdrawal process, several former Asian investors in Manus, including Tencent, Sequoia China, and ZhenFund, have planned to cooperate.