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Tencent to outbid META for Manus; SK Hynix to ring the Nasdaq bell tonight | Daily News Recap
0710 ｜Dolphin Focus: 🐬 Stock 1, $TENCENT(00700.HK) There are reports that Tencent, together with Sequoia China and ZhenFund, plans to buy back 100% of Manus from Meta at the original price of $2 bn. The deal would be executed via a consortium.
Tencent would contribute the largest share of capital and become the largest shareholder. It would remain a minority investor and is not seeking control.Meta’s acquisition of Manus was terminated following a security review. Manus focuses on autonomous general intelligence (AGI) and leads domestic peers in commercialization. The transaction is still under negotiation...Today’s Key News Recap