Tencent in talks to become AI startup Manus' largest shareholder
SynopsisTencent, together with Manus' original investors, including ZhenFund and HSG, are planning to buy the company back from Meta for no less than $2 billion, said one of the sources and a third person briefed on…
Synopsis
Tencent, together with Manus' original investors, including ZhenFund and HSG, are planning to buy the company back from Meta for no less than $2 billion, said one of the sources and a third person briefed on the matter.Listen to this article in summarized format
Chinese gaming and internet company Tencent is in talks to become Manus' largest shareholder as investors seek alternatives after Beijing ordered Meta to unwind its $2 billion acquisition of the AI startup, two people with knowledge of the matter said on Friday.The Financial Times first reported Tencent's talks earlier in the day.
Tencent, together with Manus' original investors, including ZhenFund and HSG, are planning to buy the company back from Meta for no less than $2 billion, said one of the sources and a third person briefed on the matter.
Tencent, Manus, Meta and the two investment firms did not immediately respond to Reuters requests for comment. Add as a Reliable and Trusted News Source Add Now!
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
