FTX Secures $884 Million Deal to Sell Anthropic AI Startup

Monday, 25 March 2024, 20:43
FTX secures agreements worth $884 million to sell a substantial portion of Anthropic shares, with major players like ATIC Third International Investment and entities linked to Fidelity Investments involved. The move could significantly impact FTX's creditor repayment efforts, as its strategic investment in Anthropic pays off due to the growing value of the AI market. Amazon and Google's significant interest in Anthropic has contributed to its valuation surge.
https://store.livarava.com/748ee827-eaea-11ee-aeb5-63fd8ea994ba.jpg
FTX Secures $884 Million Deal to Sell Anthropic AI Startup

FTX Lands $884 Million Deal

FTX announced agreements worth $884 million to sell a substantial portion of its Anthropic shares. The majority is acquired by ATIC Third International Investment, a subsidiary of Mubadala, while other shares are distributed among key players in the financial and tech industries.

Investment Strategy

  • FTX's move to sell two-thirds of its Anthropic shares aims to enhance liquidity and creditor repayment.
  • Anthropic has become a significant part of FTX's asset portfolio, with a notable rise in valuation due to AI and large language models.

The post highlights FTX's commitment to the recovery plan by focusing on asset liquidity and full repayment to customers.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe