Announced
Financials
Sources
Tags
United States
Venture Capital
venture capital
Friendly
Single Bidder
Private
Acquisition
Pending
Private Equity
Cross Border
Minority
Synopsis
Al Nawwar Investments agreed to acquire a minority stake in Sequoia Capital, a fund focused exclusively on seed-stage opportunities, from FTX Trading for $45m. The deal, subject to approval by Delaware bankruptcy court Judge John Dorsey, is part of the bankrupt company's attempts to sell its investments in early stage crypto and tech ventures in a bid to repay creditors.
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