Global Market | Tencent Explores Stake in AI Startup Manus After China Challenges Meta Deal: Reports
- Tencent is negotiating to become the largest shareholder in the AI startup Manus after Beijing ordered Meta to cancel its $2 billion acquisition deal.
- Investors, including Tencent and original backers ZhenFund and HSG, plan to buy Manus back from Meta for at least $2 billion.
- Beijing's order forced Meta to unwind its $2 billion deal to acquire Manus, prompting investors to seek alternatives.
- Tencent, Manus, Meta, ZhenFund, and HSG have not responded to Reuters' requests for comment on the situation.
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Tencent is in negotiations to become Manus' largest shareholder, as the artificial intelligence startup (AI) sca alternatives after Beijing ordered the Meta to undo its $2 billion acquisition of the company, said on Friday two people with knowledge of the subject. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Tencent in talks to become Manus’ largest shareholder
Manus was, briefly, one of the most valuable exits in Chinese AI. Meta agreed to buy the agentic AI startup for more than $2bn late last year, then watched Beijing block the deal on national-security grounds. Now the company is being bought back by the people who owned it in the first place, and Tencent looks set […] This story continues at The Next Web
The Economic Times
Times of IndiaGlobal Market | Tencent explores stake in AI Startup Manus after China challenges Meta deal: Reports
Tencent is in talks to become the largest shareholder in AI startup Manus as investors seek to buy back the company from Meta after Chinese regulators ordered the US tech giant to unwind its $2 billion acquisition. The proposed deal would reshape Manus' ownership amid heightened regulatory scrutiny of cross-border AI investments.
(Seoul = Yonhap News) Reporter Hwang Jung-woo = China's Tencent Holdings is in negotiations to become the largest shareholder of the Chinese artificial intelligence (AI) agent startup Manus...
Tencent has acquired Manus, a Chinese artificial intelligence (AI) startup that the U.S. tech giant Meta was attempting to acquire for $2 billion (approximately 2.8 trillion won). It appears that the Chinese government defended its management control by fielding a domestic tech giant after the government blocked the deal citing national security concerns over U.S. companies absorbing advanced technology. According to the Financial Times (FT) on …
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