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Prospect News home > News index > List of issuers F > Headlines for FTX Trading Ltd. > News item
Published on 3/29/2023 in the Prospect News Distressed Debt Daily.

FTX gets approval to sell Sequoia Capital interests for $45 million

By Sarah Lizee

Olympia, Wash., March 29 – FTX Trading Ltd. secured court approval of a private sale of its interests in Sequoia Capital Fund, LP, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Al Nawwar Investments RSC Ltd. has offered to purchase the interests for $45 million.

FTX has headquarters in the Bahamas. The company filed Chapter 11 bankruptcy on Nov. 11 under case number 22-11068.


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