Tencent Pursues Manus Acquisition Following Meta Deal Cancellation

Tencent is in talks to become the largest shareholder in AI company Manus after the cancellation of Meta's acquisition. This move follows a directive from Chinese authorities to halt the $2 billion deal. Sources indicate that Tencent, along with other investors, is discussing support for a new deal at the same valuation. Tencent is expected to remain a minority shareholder while Manus will continue to operate independently from its Singapore base. These developments come as China tightens oversight on AI companies. Investors are betting on Manus's ability to grow independently, with a potential listing on the Hong Kong Stock Exchange in the future.