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A court document from the United States Bankruptcy Court for the District of Delaware on March 8 revealed that Alameda Research, the investment arm of FTX, will sell its FTX’s sister company, Alameda Research, has come to a $45 million cash deal aggrement to sell its Sequoia Capital interest. The official court document filed on FTX’s sister company, Alameda Research, agreed to sell its interest in Sequoia Capital to Abu Dhabi’s sovereign wealth fund for $45 million. The latest update in the According to court documents filed on Wednesday, Ma, Alameda Research, the investment branch of FTX, has reportedly signed an agreement to sell its equity Alameda Research, FTX’s investment arm that has been heavily implicated by the crypto exchange’s collapse, had reached an agreement to sell its stake in venture FTX’s investment arm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund, according to court documents filed

FTX's Alameda Research Sells Sequoia Interest for $45 Million: What It Means

Alameda Research, FTX's investment arm that has been heavily implicated by the crypto exchange's collapse, had reached an agreement to sell its stake in venture capital firm Sequoia Capital for $45 million. According to court documents filed, FTX’s investment arm, Alameda Research, has struck a $45 million cash deal to sell its interest in Sequoia Capital to the Abu Dhabi sovereign wealth fund.

The official court document filed on FTX’s sister company, Alameda Research, agreed to sell its interest in Sequoia Capital to Abu Dhabi’s sovereign wealth fund for $45 million. A court document from the United States Bankruptcy Court for the District of Delaware on March 8 revealed that Alameda Research, the investment arm of FTX, will sell its stake.

This latest update in the FTX saga shows Alameda Research, FTX’s sister company, Alameda Research, has come to a $45 million cash deal agreement to sell its Sequoia Capital interest. According to court documents filed on Wednesday, Alameda Research, the investment branch of FTX, has reportedly signed an agreement to sell its equity. The funds from the sale will likely be used to repay creditors in the FTX bankruptcy proceedings.

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