💸 $404 million to $100 million: GSR to cut Overstock tZERO investment by 75%
Overstock's tZERO blockchain initiative has taken another hit after a second delay in funding from Hong Kong's GSR Capital, a private equity firm. GSR was scheduled to close deals in December and February, but asked for extension in both cases. The amount agreed upon has fallen from $404 million to $100 million and GSR has brought in another firm, Singapore's Markara Capital, to close a new deal scheduled for April.
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