FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11

[Gunnar Larson]

FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11
<https://www.law360.com/mergersacquisitions/articles/1805893?nl_pk=a34c25b5-f021-4515-a5f9-06e53584a502&utm_source=newsletter&utm_medium=email&utm_campaign=mergersacquisitions&utm_content=2024-02-23&read_main=1&nlsidx=0&nlaidx=12>

By Vince Sullivan

Insolvent cryptocurrency exchange FTX Trading Ltd. received a Delaware
bankruptcy judge's approval Thursday to sell off its equity stake in an
artificial intelligence technology company launched by former members of
OpenAI that FTX purchased for $500 million in 2021.

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<https://www.law360.com/mergersacquisitions/articles/1805893?nl_pk=a34c25b5-f021-4515-a5f9-06e53584a502&utm_source=newsletter&utm_medium=email&utm_campaign=mergersacquisitions&utm_content=2024-02-23&read_more=1&nlsidx=0&nlaidx=12>
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