Beijing is considering action against Meta's (META) USD 2bln acquisition of Manus, The Information reports citing The New York Times

Beijing's potential action against Meta's $2 billion acquisition of Manus raises significant regulatory concerns, particularly given the scrutiny over foreign investments in the tech sector. This could indicate a persistent trend of tightening regulations on U.S. tech firms operating in China, affecting not only Meta's negotiation strategies but also broader investor sentiment towards cross-border M&A in the tech space. The reactions in equities and broader market sectors may reflect heightened risk aversion today, especially within tech stocks.