Business

China Blocks Meta Acquisition of Manus

China Blocks Meta Acquisition of Manus

The Chinese National Development and Reform Commission told Meta Platforms to cancel its $2 billion acquisition of agentic AI specialist Manus.

Porsche Sells Its Bugatti Rimac Stake

Porsche Sells Its Bugatti Rimac Stake

Porsche has agreed to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, a New York-based investment firm.