Venture Unit of Sam Bankman-Fried’s FTX Takes a 30% Stake in Flailing Skybridge Capital
Posted on 09/09/2022
FTX Ventures announced that it will acquire a 30% stake in SkyBridge Capital. The purchase price for the stake was reported at US$ 45 million. FTX Ventures’ investment will provide SkyBridge additional working capital to fund growth initiatives and new product launches. Further, SkyBridge will use a portion of the proceeds to purchase US$ 40…
