Meta acquires Manus AI for billions of dollars
According to Odaily, Meta has acquired Butterfly Effect, the company behind the development of AI application Manus, for several billions of dollars. This is Meta's third largest acquisition since its founding, with the expenditure second only to WhatsApp and ScaleAI. It is understood that prior to Meta's acquisition, Manus was conducting a new round of financing at a valuation of $2 billion. "It happened so quickly that we even wondered if it was a fake offer," said Liu Yuan, partner at ZhenFund and angel investor in Butterfly Effect. The acquisition negotiations were completed in an extremely short period, taking just over ten days in total.
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