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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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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