Mergers, acquisitions and funding

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China blocks $2bn Meta takeover of AI agent developer Manus

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Beijing says domestic tech companies must seek explicit government approval for accepting US investmentBusiness live – latest updatesChina has blocked Meta’s $2bn (£1.5bn) acquisition of an AI startup as it cracks down on US investments in domestic tech companies.Mark Zuckerberg’s Meta, the owner of Facebook, Instagram and WhatsApp, announced the acquisition of Manus, a developer […]

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Ben Affleck sells his AI postproduction startup to Netflix

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Announcing the InterPositive deal, the actor says he was moved from being scared of the technology to embracing itBen Affleck has sold his artificial intelligence company to Netflix in a surprise deal, saying he had been driven to embrace a technology that had initially “really scared” him.Netflix has acquired the postproduction startup InterPositive from the

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