Meta has acquired Manus, an AI and crypto news firm previously known as Butterfly Effect, for over $1 billion. This acquisition marks Meta's third-largest purchase following WhatsApp and ScaleAI. Manus was reportedly in discussions for a $2 billion valuation funding round prior to the acquisition. Liu Yuan from ZhenFund, an early investor in Manus, noted that the acquisition negotiations were completed in under two weeks. The deal highlights the growing interest of major tech companies in AI advancements and new token listings.
Meta Acquires AI and Crypto News Firm Manus for Over $1 Billion
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