Manus plans to reincorporate in China following the sale
Manus revenue up to $400-500M now, up from $100M at time of acquisition.
Original backers (-Benchmark) are reportedly buying it back from Meta at the $2B price paid.
Meta separated the business a while ago, may end up being a W for China, company will incorporate there.
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@pitdesi gotta be a huge drawback from a talent perspective for meta, no?
Manus revenue up to $400-500M now, up from $100M at time of acquisition.
Original backers (-Benchmark) are reportedly buying it back from Meta at the $2B price paid.
Meta separated the business a while ago, may end up being a W for China, company will incorporate there.
https://www.theinformation.com/articles/manus-revenue-soars-original-investors-move-reverse-meta-deal?utm_source=ti_app&rc=vw7lcs
Manus revenue up to $400-500M now, up from $100M at time of acquisition.
Original backers (-Benchmark) are reportedly buying it back from Meta at the $2B price paid.
Meta separated the business a while ago, may end up being a W for China, company will incorporate there.
