Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

México Noticias Noticias

Scaramucci leads bidding for Silicon Valley Bank VC arm: Report
México Últimas Noticias,México Titulares
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Anthony Scaramucci’s SkyBridge Capital, joined by Atlas Merchant Capital, are among the final bidders jostling to buy collapsed Silicon Valley Bank’s venture capital outfit SVB Capital.

SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital.from the Wall Street Journal — citing sources familiar with the matter — Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital are jostling with the San Francisco firm Vector Capital in the final stages of the bidding process.

Sources claimed that SVB’s venture capital arm could be sold off for between $250 million and $500 million, but warned that a final sale is not guaranteed and that it would still require the review of the creditor’s committee.Notably, SVB Capital was not included in the SVB's overarching Chapter 11 bankruptcy proceedings, and the banksaid that the outfit would continue its “ordinary course operation” of business despite being put up for sale.

SVB Capital is an investment capital platform that conducts a wide range of investments, including the backing of other major Silicon Valley venture capital firms such as Sequoia and Andreessen Horowitz .blockchain analytics service Chainalysis.Meanwhile, Scarammuci’s SkyBridge Capital manages some $1.8 billion in assets. Of that figure, approximately $580 million is held in cryptocurrencies and other digital asset-related investments.

Cointelegraph contacted SkyBridge Capital and SVB Capital for comment but did not receive a reply by the time of publication.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Cointelegraph /  🏆 562. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Learning from the Psychology of Silicon Valley's Innovation CultureLearning from the Psychology of Silicon Valley's Innovation Culture5 ways to create a culture of innovation for your team.
Leer más »

Fall festival season fires up in the Chagrin Valley with food, activities and games: Valley ViewsFall festival season fires up in the Chagrin Valley with food, activities and games: Valley ViewsBring on the pumpkin spice. Autumn officially arrives Saturday, Sept. 23. Luckily, the Chagrin Valley offers up a plate of fall festivals to enjoy with food, drinks and fun. From hayrides to the Geauga Lake rocket car and corn hole games to spiritual readings, there’s something for everyone to mark the fall equinox.
Leer más »

Parents in Lehigh Valley say a local doctor falsely diagnosed them of ‘medical child abuse’Parents in Lehigh Valley say a local doctor falsely diagnosed them of ‘medical child abuse’An increasingly vocal parents’ advocacy group says doctors are overdiagnosing the condition, mistaking legitimate, if complex, medical issues for abuse.
Leer más »

The junkyard gems of Desert Valley Auto Parts, ArizonaThe junkyard gems of Desert Valley Auto Parts, ArizonaLet's take a look at some abandoned classics that are far more than meets the eye
Leer más »



Render Time: 2025-02-27 23:32:21