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FinanceTencent in Talks to Become Largest Shareholder of Singapore AI Startup Manus
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Chinese tech giant Tencent is in negotiations to become the largest shareholder of Singapore-based AI startup Manus, according to sources. This development follows an order from Beijing requiring Meta to unwind its $2 billion acquisition of the firm. The talks involve Tencent and Manus' original investors planning to repurchase shares, as investors seek alternative arrangements after the regulatory intervention. The deal would reshape ownership of the AI startup amid heightened scrutiny of foreign investments in Chinese-linked technology companies.
Source report
Tencent is in discussions to become the largest shareholder of Singapore-based artificial intelligence startup Manus, according to sources familiar with the matter.
The move comes as investors seek alternative arrangements following an order from Beijing requiring Meta to unwind its US$2 billion acquisition of the firm.
Key Details
- Tencent and Manus' original investors are reportedly planning to repurchase stakes as part of the deal.
- The talks reflect shifting dynamics in the AI investment landscape amid increased regulatory scrutiny from Chinese authorities.
- The potential transaction would mark a significant realignment of ownership in the fast-growing AI sector.
Source
The Business TimesRegional
Part of this Story
Tencent leads consortium to buy AI startup Manus from Meta after Beijing blocks deal