FTX Prepares to Unload Anthropic Shares: Who's Eyeing the Prize?

FTX is set to sell a majority of its shares in AI startup Anthropic to 24 buyers, including Abu Dhabi's ATIC and Jane Street Global, for $884 million. This sale, subject to bankruptcy court approval, aims to provide substantial funds for FTX to repay creditors affected by its collapse.

FTX Plans to Offload Anthropic Shares: Who's Lining Up?

So, the bankrupt FTX is putting up a juicy chunk of its Anthropic shares for sale. Who's gonna scoop 'em up? Well, let's take a peek at the potential buyers.

Abu Dhabi's Investment Giant Leads the Charge

Topping the list is ATIC Third Investment Company LLC, an Abu Dhabi sovereign wealth fund subsidiary. They're eyeing a whopping 16.6 million shares for nearly half a billion smackers.

Sam Bankman-Fried's Old Haunt Joins the Party

Jane Street Global, where our boy SBF once traded, is also in the running. They're grabbing 3.3 million shares for around a hundred mil.

Fidelity, Ford Foundation on the Buyer List

Fidelity Management and Research, the Ford Foundation, and a slew of other investment funds are also in on the action. They're betting $45 mil, $30 mil, and more on a piece of Anthropic's pie.

Objections Needed: Deadline Looming

This deal is still pending court approval, and any objections must be filed by April 1, 2024. So, if you've got something to say, speak up before then.

FTX's Golden Goose: Boosting Creditor Repayments

Remember that $500 mil FTX dropped on Anthropic back in 2021? Well, it's now worth over a billion bucks. This sale could be a major cash injection for FTX creditors, potentially allowing them to recoup some of their losses.

Anthropic Success Amid FTX's Demise

While FTX is facing a financial meltdown, its Anthropic investment has been a bright spot. The AI startup has skyrocketed in value, making FTX's stake a valuable asset.

Digital Custody Sale: A Major Loss

But not all of FTX's investments have been so golden. Their subsidiary, Digital Custody, is set to be sold for a measly $500K. FTX originally paid $10 mil for it. Ouch!

So, there you have it. FTX's planned Anthropic share sale is drawing a diverse group of buyers, and the proceeds could provide a much-needed lifeline for the bankrupt exchange's creditors. Stay tuned for updates as this deal unfolds!