Huobi Founder in Talks to Sell 60% of Stake: Report
Huobi Founder, Leon Li, is reportedly in talks with a group of investors to sell his stake in the exchange, Bloomberg has learned. According to the report, Li is aiming to sell his majority of stake for $3 billion.
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FTX’s Sam Bankman-Fried and TRON’s Justin Sun are reportedly among interested in purchasing the stake. However, financial terms of the transfer remain unclear. It is also unclear what is the reason behind Li’s decision to dump his ownership of the exchange.
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A spokesperson for the exchange confirmed the discussions, but declined to elaborate on the matter. Reports say Li previously ceded management to his assistants due to health issues. Right now, Bloomberg says, Huobi is ruled by Hua Zhu, who left Alibaba in 2020.
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