The Bad PlaceBloomberg Technology | Manus Weighs Raising $1 Billion to Unwind Meta Takeover by Lulu Yilun Chen, Zheping Huang
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The co‑founders of Manus AI — Xiao Hong, Ji Yichao and Zhang Tao — are weighing a financing round of roughly $1 billion from external investors to repurchase the Chinese‑founded AI firm that Meta Platforms bought for about $2 billion, thereby fulfilling Beijing’s demand to unwind the controversial takeover; the founders may also contribute personal funds, and the plan would involve restructuring Manus as a Chinese joint venture before pursuing a Hong Kong initial public offering.
Manus Weighs Raising $1 Billion to Unwind Meta Takeover
The co-founders of Manus are exploring options to fulfill Beijing’s demand to unwind a controversial takeover by Meta Platforms Inc., including raising about $1 billion from external investors to buy back the Chinese-founded AI operation.