Manus founders seek $1B to buy back AI startup from Meta
The co-founders of Manus are currently negotiating a funding round that would appraise the AI startup at no less than the $2 billion that Meta spent to acquire it. They are looking to secure $1 billion to repurchase the company, which Meta had to relinquish under pressure from China. This initiative is intended to restore their control over the startup following its compelled divestiture.
Key facts
- Manus co-founders are seeking $1 billion to buy back the AI startup.
- The funding round would value Manus at least at $2 billion.
- Meta had previously acquired Manus for $2 billion.
- China forced Meta to give up the startup.
- There are three co-founders involved in the discussions.
Entities
Institutions
- Meta
- Manus
Locations
- China
Sources
- Quartz —