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FTX to Sell Sequoia Stake to Al Nawwar Investments for $45 Million

By
Aidan Ryan
· · Source: The Information

The FTX bankruptcy estate is moving to sell its stake in venture firm Sequoia Capital to Abu Dhabi sovereign wealth fund Al Nawwar Investments for $45 million, according to a court filing on Wednesday. Alameda Ventures originally committed $100 million for the stake in March 2022, of which Sequoia has called roughly $50 million. Al Nawwar is a subsidiary of the Abu Dhabi Investment Council...

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