According to Bloomberg, Meta has completed its business separation from Manus and stopped sharing data between the two companies, taking a key step towards undoing the $2 billion acquisition.
Manus
Meta has effectively established a firewall between the company and Manus, people familiar with the matter said. Meta has banned Manus and his employees from accessing the company's internal data systems since earlier this month. Accordingly, Meta employees are no longer allowed to use Manus' tools for internal company projects.
Meta is phasing out Manus's services, according to an internal memo seen by Bloomberg. The memo shows that the company has informed employees to migrate existing Manus projects to the Meta system and not to start new work on the Manus platform. The moves to separate the two businesses mark another step toward Meta's eventual spinoff of Manus, people familiar with the matter said.
Meanwhile, Manus founders are exploring options to unwind the deal, including raising about $1 billion to buy back the company. It's unclear whether discussions on the deal have made substantial progress. People familiar with the matter previously said that Manus employees have moved into Meta's office in Singapore, and investors including Tencent Holdings, Zhen Fund and Sequoia China have received relevant payments for Meta's acquisition of Manus.