TechFlow News, May 21: According to Bloomberg, the three founders of Manus are exploring multiple options to comply with Beijing’s demand that Meta Platforms Inc. rescind its acquisition of the company—including raising approximately $1 billion from external investors to repurchase the China-founded AI firm.
Sources familiar with the matter said the three founders are in discussions regarding a funding round valued at no less than the $2 billion Meta paid; the founders may also personally fund the remaining portion of the transaction. If this plan moves forward, the next step could involve first establishing a China-based joint venture with relevant investors, followed by an IPO in Hong Kong.
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