FTX to sell two-thirds of Anthropic stake for $884 million, with buyers including Jane Street and funds managed by Fidelity | Headlines | News | CoinMarketCap

03/25/2024 23:34
FTX to sell two-thirds of Anthropic stake for $884 million, with buyers including Jane Street and funds managed by Fidelity | Headlines | News | CoinMarketCap

The estate of bankrupt crypto exchange FTX is selling two-thirds of its stake in AI company Anthropic for $884 million, according to court documents. …

The estate of bankrupt crypto exchange FTX is selling two-thirds of its stake in AI company Anthropic for $884 million, according to court documents.

The estate plans to sell 29.5 million shares to 24 buyers. Chief among them is Abu Dhabi-based ATIC Third International Investment, which is making a $500 million purchase for 16.6 million shares.

Jane Street is shelling out $100 million on its purchase of 3.3 million shares, while funds managed by Fidelity are spending $50 million on 1.5 million shares. The sales are subject to court approval. 

After graduating from MIT in 2014, FTX's founder, Sam Bankman-Fried, worked as a trader at Jane Street for three years. 

Three years ago, FTX bought shares in Anthropic for $500 million. The 8% stake in the high-profile AI startup is …

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