Market Chatter: Manus Mulls Raising $1 Billion, Other Options to Unwind Meta Takeover

MT Newswires Live16:14

Manus co-founders are exploring a roughly $1 billion fundraising plan, among other options, to fulfill China's demand to unwind a takeover by Meta Platforms (META), Bloomberg News reported Thursday, citing people familiar with the matter.

The proposed financing could value the firm at or above Meta's original purchase price and may include a China-linked joint venture ahead of a possible Hong Kong IPO, with the founders also considering contributing personal capital, according to the report.

China intensified scrutiny after Manus shifted staff and headquarters to Singapore, with regulators probing the Meta deal and later ordering it unwound over concerns about the overseas transfer of sensitive AI technology, the report said.

Manus didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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