Alameda Research Ventures \u2014 FTX’s investment arm \u2014 has agreed to sell a $45 million stake in venture firm Sequoia Capital to Abu Dhabi’s sovereign wealth fund.<\/p>\n
The exchange filed a \u0445\u043e\u0434\u0430\u0442\u0430\u0439\u0441\u0442\u0432\u043e<\/a> for approval by the bankruptcy court.<\/p>\n FTX said the choice of buyer was driven by “the best bid and the ability to complete the sale on a tight timeline.” Four entities expressed interest, two of which had reached the negotiation stage.<\/p>\n The parties expect to close the deal by March 31.<\/p>\n In a statement, the exchange noted that the potential buyer, Al Nawwar Investments RSC Limited, is owned by the Abu Dhabi government and is a current investor in Sequoia.<\/p>\n FTX and more than a hundred affiliated entities like Alameda filed for bankruptcy<\/a> in November 2022.<\/p>\n In February, the court approved the sale of certain FTX assets classified as De Minimis<\/span>. These were investments free of liabilities, valued at up to $1 million with initial investments no more than $5 million. According to experts, total investments by the exchange through its subsidiaries reached $5.3 billion across 475 deals.<\/p>\n Earlier in March, the judge approved the agreement between FTX and Voyager Digital, under which the crypto broker will reserve $445 million<\/a> for payments in Alameda’s lawsuit<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Alameda Research Ventures \u2014 FTX’s investment arm \u2014 has agreed to sell a $45 million stake in the venture firm Sequoia Capital to Abu Dhabi’s sovereign wealth fund.<\/p>\n","protected":false},"author":1,"featured_media":75271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1435,1236,2180],"class_list":["post-75270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-alameda-research","tag-ftx","tag-sequoia-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75270"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75270\/revisions"}],"predecessor-version":[{"id":75272,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75270\/revisions\/75272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75271"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}