Manus is planning to conduct an equity transaction with a valuation of $2 billion, with Tencent potentially becoming the largest shareholder.

BlockBeats News, July 10th - According to sources familiar with the matter, Tencent is in talks to become the largest shareholder of the AI robotics company Manus. The majority of existing investors, including Tencent, ZhenFund, and Sequoia China, are discussing a transaction to support a $2 billion valuation to unwind Meta's acquisition.

Earlier reports indicated that the Foreign Investment Security Review Office of the National Development and Reform Commission had prohibited foreign investment in the Manus project and requested the cancellation of the transaction. Earlier this year, Manus had announced it was about to be acquired by Meta.

Source: BlockBeats

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