Meta says Manus, initially based in Beijing and Wuhan, will cut Chinese investor ties after the deal and “will discontinue its services and operations in China”
PALO ALTO, California/HONG KONG — Meta says it will acquire AI startup Manus and that the Singapore-based company …
Meta agrees to acquire Singapore-based startup Manus, which makes an AI agent for SMBs; Manus said earlier in December its annual revenue run rate was $125M+
Meta Platforms Inc. has agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots …
Sources: Temasek is in talks to buy a ~5% stake in Quest Global, in a deal that values the engineering services company at $4.6B in the lead-up to its India IPO
Singapore state investor Temasek Holdings Pte is in advanced talks to buy a stake in Quest Global Services Pte …
GlobalFoundries acquires Advanced Micro Foundry, a Singapore-based silicon photonics foundry, for an undisclosed sum, and plans a new R&D center in Singapore
move makes chipmaker one of the largest silicon photonics manufacturers Amit Chowdhry / Pulse 2.0 : GlobalFoundries Acquiring Advanced Micro Foundry To Expand AI Infrastructure Capabilities Ovais Subh...
Sources: Foxconn is among potential bidders for Singapore-based semiconductor assembly and testing firm UTAC in a deal that could value the company at ~$3B
Kane Wu / Reuters :
Flipkart plans to shift its holding company from Singapore to India as Walmart aims to take it public; Flipkart moved the entity to Singapore in 2011
Kashish Tandon / Reuters :
Data collaboration software maker Atlan raised a $105M Series C led by Singapore's GIC and Meritech at a $750M valuation, taking its total funding to $206M
Manya Saini / Reuters :
Sources: Singapore-based Grab and Jakarta-based GoTo revive talks for a ride-hailing merger in Southeast Asia; GoTo says “no such discussion is taking place”
Bloomberg :
Vertex, a SPAC backed by Singapore's Temasek, plans to acquire live streaming service 17LIVE for ~$676M; 17LIVE had revenue of $363.7M in 2022 and is profitable
Singapore's Vertex Technology Acquisition Corp (VTAC) (VERT.SI) will buy live streaming platform 17LIVE Inc for up to S$925.1 million …
KKR agrees to buy 20% of Singapore-based Singtel's regional datacenter business for ~$807M at a ~$4B valuation, with an option to raise its stake to 25% by 2027
Edwin Chan / Bloomberg :