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Chinese investors, including Tencent, plan to buy back $2 billion worth of Manus from Meta, according to The Information, citing two sources.
Early Chinese investors in AI startup Manus are planning a $2 billion equity buyback from Meta Platforms, following the collapse of Meta's acquisition attempt in April.
Tencent, Sequoia Capital China, and ZhenFund may participate in this buyback deal, which aims to bring Manus back under Chinese investor control.
Since Meta's initial acquisition, Manus has grown significantly; its current annualized revenue run rate is between $400 million and $500 million, four to five times higher than the approximately $100 million level when Meta first acquired the company.
As part of the buyback plan, Manus is restructuring its corporate structure to register a joint venture in China, paving the way for a potential listing in Hong Kong. #沃什首秀美联储利率不变