PANews reported on December 30th that Meta has acquired Butterfly Effect, the company that develops the AI application Manus, for billions of dollars. This is MetaPANews reported on December 30th that Meta has acquired Butterfly Effect, the company that develops the AI application Manus, for billions of dollars. This is Meta
Meta's multi-billion dollar acquisition of Manus, the company that develops AI applications, has a butterfly effect.
PANews reported on December 30th that Meta has acquired Butterfly Effect, the company that develops the AI application Manus, for billions of dollars. This is Meta's third-largest acquisition since its inception, second only to WhatsApp and ScaleAI. Prior to the acquisition, Manus was reportedly raising funds at a valuation of $2 billion. Liu Yuan, a partner at ZhenFund and an angel investor in Butterfly Effect, said the acquisition negotiations were completed in a very short time, taking only about ten days. Manus and Meta Platforms (META.O) each released statements on their respective websites announcing Manus's joining Meta, but the statements did not disclose specific details of the transaction.
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