People familiar with the matter: media company Semafor plans to "redeem" SBF's investment in it

2023-01-04 16:59:27ForesightShare to:

According to Foresight News, according to TheWrap citing people familiar with the matter, the media company Semafor plans to "redeem" the investment of former FTX CEO Sam Bankman-Fried (SBF). Semafor refused to disclose the specific amount of SBF's investment in it, and did not Describe how the investment will be "redeemed".
Semafor was founded by Justin Smith, a New York Times columnist, and Ben Smith, former CEO of Bloomberg Media Group. SBF participated in Semafor's $25 million Pre-Seed round of financing in May 2022.

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