The bankrupt crypto exchange has put a hold on the sale of its stake in Anthropic, an Artificial Intelligence firm, a deal that could raise “nine figures” for the firm.
There’s no official confirmation from the firm about whether it has halted the deal. However, an anonymous source reported by Bloomberg claims that investment bank Perella Weinberg Partners secretly notified bidders of the sale’s halt.
Even though it focuses on different aspects of AI, Anthropic an AI firm is looking to be a major competitor of the famous AI bot ChatGPT as it is looking to build its AI bot as well, and per a report by a news agency Semafor, the firm is valued at $4.6 billion, meanwhile, FTX’s stake in the firm was purchased at $500 million.
In order to address its bankruptcy proceedings, the insolvent exchange FTX is currently selling its stakes in other firms, earlier this year (March), FTX put up its stake in Mysten Lab for sale, a deal that was completed at around $96 million in April
Also in May, it sold a crypto derivative platform LedgerX in a deal worth $50 million. FTX moved to sell its VC firm, Sequoia Capital, reportedly worth $45 million, in March, although the status of the deal remains unclear.
