FTX's $45M Interest in Sequoia Capital Fund Sold

This article is machine translated
Show original

According to court documents, a Delaware bankruptcy judge has approved the sale ofFTX ’s $45 million interest in Sequoia Capital Fund to Abu Dhabi’s investment arm. In addition, FTX asked for an indefinite postponement of the sale of Embed, a stock clearing business, whose sale hearing was originally scheduled for February 27, but was subsequently postponed. Court documents show Embed's sale hearing will be suspended "until further notice".

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments