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Meta Acquires Manus for Over $1 Billion, Third Largest Deal in Company History

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Meta acquired Manus for over $1 billion, its third-largest deal ever, surpassing the Instagram buyout. Founded by Xiao Hong, Manus launched in March 2024 and was acquired nine months later. The Wuhan-based startup moved to Singapore in July, keeping 40 core staff. Meta finalized the deal in 10 days, seeking a mature AI application layer. Manus had raised tens of millions from Sequoia China, Tencent, and ZhenFund. Xiao Hong will join as a Meta VP. This AI + crypto news marks a major on-chain news move in enterprise AI.

Based on PANews, Meta has acquired Manus for over $1 billion, marking the third-largest acquisition in the company's history, surpassing the value of its Instagram purchase. Founded by Xiao Hong, Manus launched its product in March 2024 and was acquired just nine months later. The company, originally based in Wuhan, moved its headquarters to Singapore in July 2024, retaining only 40 core team members. The acquisition was finalized in just 10 days, with Meta reportedly eager to secure a proven AI application layer product. Manus had raised capital from top Chinese VCs, including Sequoia China, Tencent, and ZhenFund, at valuations in the tens of millions before the acquisition. Xiao Hong will now serve as a Meta vice president.

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