Early Manus Backers Funding Re-Acquisition From Meta | Silicon

The early backers of AI start-up Manus are preparing to buy the company back from Facebook parent Meta for the $2 billion (£1.5bn) originally paid, The Information reported, after the Chinese government ordered Meta in April to unwind the acquisition.

HSG, ZhenFund and Tencent and other early Manus investors are participating in the buyback, with HSG and ZhenFund considering using fresh capital to do so, according to the report.

Meanwhile Manus has grown significantly since the original December deal, with its annualised revenue run rate increasing from $100m at the time of the acquisition to between $400m and $500m currently, the report said.

Image credit: Meta

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