TLDR Tech / AI
Manus Weighs Raising $1 Billion to Unwind Meta Takeover
Manus has been told to unwind its acquisition by Meta by China's regulators. Its founders now need to raise funds to buy back the operation. They are now in discussions for funding and may chip in with their own money to finance the transaction. A reversal of a deal this large months after completion is virtually unheard of.
Read the full story