Manus Considers Raising $1 Billion to Unwind Meta Takeover
The co-founders of Manus are exploring raising approximately $1 billion from external investors to buy back the AI operation acquired by Meta Platforms Inc., in response to Beijing's demand to unwind the controversial takeover. The founders aim for a valuation at least matching Meta’s original $2 billion acquisition price and may pursue an IPO on the Hong Kong stock exchange.
Tickers: $META
Topics: Chinese regulatory intervention IPO plans joint venture Manus AI Meta