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

Gunnar Larson

24 Feb 2024 24 Feb '24
10:48 a.m.

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. Read full article » <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> | Save to favorites » <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_later=1&nlsidx=0&nlaidx=12>

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