Tencent in talks to acquire Manus stake after Meta's acquisition falls through
Key point
Tencent is negotiating to acquire a stake in Manus, valued at $2 billion, that opened up after Meta's acquisition fell through.
Details
After Chinese regulators blocked Meta's acquisition plan, Tencent has begun discussions to acquire a stake in Manus. The negotiations aim to finalize the deal while maintaining the $2 billion valuation that Meta had pursued.
Manus is a company with advanced Agentic technology, and this is expected to be an important strategic opportunity for Tencent, which has recently been strengthening its AI services. Tencent has already launched a Prototype agent capable of running errands for the billions of users across its ecosystem.
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