Tencent in talks to become Manus’ largest shareholder
Manus was, briefly, one of the most valuable exits in Chinese AI. Meta agreed to buy the agentic AI startup for more than $2bn late last year, then watched Beijing block the deal on national-security grounds. Now the company is being bought back by the people who owned it in the first place, and Tencent looks set to sit at the front of the queue.
Tencent is in talks to become Manus’ largest shareholder, according to the Financial Times, whose report was picked up by Bloomberg and Reuters. The plan would see a consortium of the startup’s earlier investors repurchase it at the same $2bn valuation Meta had agreed to pay, effectively reversing the acquisition.
Tencent is expected to take the biggest slice, but the detail that matters is what it will not be. The company would remain a minority shareholder even as the largest single holder, according to the...
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