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SGEconomy3 days ago

Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports

Early Chinese investors in AI startup Manus are reportedly planning to repurchase the company from Meta at the $2 billion price originally paid by Meta, according to The Information. This development follows a directive from the Chinese government to reverse the deal.

People walk behind a logo of Meta Platforms company, during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas

18 Jun 2026 09:11PM

(Updated: 18 Jun 2026 09:15PM)

June 18 : 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.

Read the full article at Channel NewsAsia (CNA) →
Source document: The Information

1 reports

Channel NewsAsia (CNA)Party-alignedCenter3 days ago
Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports

Early Chinese investors in AI startup Manus are reportedly planning to repurchase the company from Meta at the $2 billion price originally paid by Meta, according to The Information. This development follows a directive from the Chinese government to reverse the deal.

Bias read (Center): The article presents factual information without overtly biased language or emphasis. It cites The Information as the source and does not take a stance on the transaction or the motivations behind it.

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  • press release The Information

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  • press_releaseThe Information