News Explorer — FTX to Sell More Investments, With Abu Dhabi Sovereign Wealth Fund as Potential Buyer

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Mar 9, 9:10 am

Coindesk

FTX to Sell More Investments, With Abu Dhabi Sovereign Wealth Fund as Potential Buyer

FTX's sister trading firm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund. The deal is subject to approval by a Delaware bankruptcy judge and is part of FTX's attempts to repay creditors. Four parties expressed interest in the sale, and negotiations were held with two of them.

FTX's sister trading firm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund. The deal is subject to approval by a Delaware bankruptcy judge and is part of FTX's attempts to repay creditors. Four parties expressed interest in the sale, and negotiations were held with two of them.

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