Alameda Research will sell its stake in Sequoia Capital for $45 million to a government-owned fund in the UAE.
According to the document, FTX “decided to enter into the Agreement with Purchaser based on its superior offer and ability to execute the Sale Transaction within a short time frame.” This was after interest in purchasing the shares from four different parties.
The deal is worth $45 million in cash and has the potential to be closed by March 31. However, it is subject to approval by the Delaware bankruptcy judge John Dorsey.
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