Media Start-Up Semafor Plans to Buy Out Investment From Embattled Crypto Chief

From a New York Times story by Benjamin Mullin and David Yaffe-Bellany headlined “Media Start-Up Semafor Plans to Buy Out Sam Bankman-Fried’s Investment”:

The news start-up Semafor began operating late last year with big ambitions backed by deep-pocketed investors. But the company soon found itself in a pickle: how to handle its biggest outside investment, roughly $10 million, from Sam Bankman-Fried after his crypto company collapsed and the federal government accused him of fraud.

Now, Semafor is planning to buy out Mr. Bankman-Fried’s ownership while it explores raising new money.