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META ACQUIRES BUTTERFLY EFFECT, DEVELOPER OF AI APP MANUS, FOR TENS OF BILLIONS OF DOLLARS
#Meta has acquired Butterfly Effect, the company behind the AI application Manus, in a deal reportedly worth tens of billions of dollars. This marks Meta’s third-largest acquisition to date, surpassed only by its purchases of #WhatsApp and Scale AI.
Sources say that prior to the acquisition, Manus was raising a new funding round at a valuation of $2 billion. Liu Yuan, a partner at ZhenFund and an angel investor in Butterfly Effect, revealed that the acquisition talks were completed in a very short time frame—just over ten days.
Both #Manus and Meta Platforms (META.O) released official statements on their respective websites announcing that Manus has joined Meta, though neither disclosed specific details of the transaction.