#m-and-a

This matters because Beijing just showed that cross-border AI acquisitions can be reversed even after the people and product start moving. TechCrunch reported on April 27 that China blocked Meta’s $2 billion Manus deal, ordered the transaction unwound, and left one of the agent race’s splashiest bets in limbo.

Why it matters: AI coding leaders are now competing on compute access and strategic ownership, not only editor features. TechCrunch reported a $2B funding round, a $10B collaboration fee, and a path to a $60B Cursor acquisition.