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

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.

Get updates to this story developing directly on Stocktwits.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN23012026007385015968ID1110640774