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Meta Begins Unwinding Manus Deal as Founder Seeks $1B Buyback

Meta is moving into the execution phase of unwinding its $2 billion acquisition of Manus after a Chinese regulatory order. The companies have reportedly completed an operational separation and stopped sharing data. Manus’s founding team is now seeking to raise $1 billion to buy back the company, in what the article describes as China’s first forced breakup of a completed cross-border transaction.