Find XO: WSJ: Manus Negotiates Investment at 40 Billion Dollar Valuation After Meta Deal Falls Through (techcrunch.com)

- The Wall Street Journal reported that Manus, whose $20 billion acquisition by Meta was blocked by a Chinese regulatory order, is currently negotiating to raise $5 billion at a $40 billion valuation. - Although Manus relocated its headquarters to Singapore, the deal was halted due to regulations from its founding country. - Teams considering moving their headquarters abroad with an eye on overseas sales are advised to count the time spent erasing data and reacquiring shares after a failed deal rather than focusing solely on the valuation.