Manus Explores $1 Billion Buyback Amid Meta Acquisition Reversal

Manus, an AI startup, is considering a buyback plan involving $1 billion in external financing, according to Foresight News. This move comes as the acquisition by Meta faces regulatory challenges. Sources indicate that the buyback valuation will at least match the $2 billion Meta initially paid. In addition to external funding, the founders may contribute personally to cover the remaining amount. If successful, Manus plans to establish a joint venture in China with these investors and seek a listing in Hong Kong. Some investors have shown interest in the buyback, as Manus is projected to generate approximately $1 billion in revenue this year. However, these plans are still in the early stages, and discussions about Manus's valuation are ongoing. The founders might ultimately decide against the acquisition. There are still hurdles to overcome, and it remains unclear how the new owners will manage Manus's AI technology, much of which has been integrated into Meta's systems. Manus employees have already joined Meta's Singapore office.