Media startup says it will buy back $10 million SBF stake: Report By Cointelegraph
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Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up for what it is giving back.
The $10 million was part of a $25 million seed funding round that allowed Semafor to get started with its news site, which launched in October, 2022.
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Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up for what it is giving back.
The $10 million was part of a $25 million seed funding round that allowed Semafor to get started with its news site, which launched in October, 2022.
Continue Reading on Coin Telegraph
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