Meta Platforms (META) is paying more than $2B to acquire Singapore-based artificial intelligence startup Manus, Angel Au-Yeung, Raffaele Huang and Kate Clark of Wall Street Journal report, citing people familiar with the acquisition. Manus was seeking a round of fundraising with a valuation of $2B when Meta approached the startup, sources told the Journal. Manus’s co-founder and Chief Executive Xiao Hong will report to Meta Chief Operating Officer Javier Olivan, some of the people added. Meta announced the acquisition last night but did not disclose the price paid.
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