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Business NewsTechAI Manus original investors plan to buy back AI firm from Meta for $2 billion: The Information
Manus original investors plan to buy back AI firm from Meta for $2 billion: The Information
Synopsis
Chinese investors are set to repurchase AI firm Manus from Meta. The deal is valued at two billion dollars. This move follows a directive from the Chinese government to undo the original sale. Early backers are initiating the buyback process.
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The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct knowledge of the matter.
The move is in response to a Chinese government order that the deal be reversed, the report said.
The move is in response to a Chinese government order that the deal be reversed, the report said.
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