Grouped story
Manus Weighs Raising $1 Billion to Unwind Meta Takeover
Manus's co-founders are actively seeking ways to comply with Beijing's directive to reverse their acquisition by Meta Platforms Inc. They are considering raising around $1 billion from external investors to repurchase the AI company, which Meta acquired for $2 billion. If successful, Manus will be restructured as a Chinese joint venture with these investors, potentially leading to a Hong Kong initial public offering.
Key points
Manus's founders are considering raising $1 billion to buy back the company.
The funding round aims to match the $2 billion acquisition price paid by Meta.
Plans include restructuring Manus as a Chinese joint venture ahead of a Hong Kong IPO.