Manus plans to raise $1 billion for a buyback and seeks to be listed in Hong Kong
According to Bloomberg, the three founders of Manus are exploring various options to meet Beijing's demand for the withdrawal of the deal acquired by Meta, including raising about $1 billion from external investors to repurchase the China-founded agentic AI business at a valuation of at least not lower than Meta's original acquisition price of $2 billion.
Insiders say that the founders may cover the gap out of their own pockets and plan to establish a joint venture with new investors in China, followed by an application for listing in Hong Kong. Negotiations are still in the early stages, with several obstacles remaining, including how to separate the deeply integrated Manus technology and team from the Meta system, as well as the specific arrangements for the deal structure.
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