Builder.ai founder plots potential deal to buy failed company
Builder.ai’s founder Sachin Dev Duggal has sounded out investors on a potential deal to buy the failed UK software company out of insolvency.
The Microsoft-backed artificial intelligence start-up, which was once valued at over $1bn, told employees earlier this week that it would commence insolvency proceedings owing to “historic challenges and past decisions ”.
Duggal, who stepped down as chief executive earlier this year but retained his board position and title of “chief wizard ”, has approached multiple investors about potentially buying back the company he founded, according to two people with knowledge of the discussions.
Duggal’s recent pitch to one investor, details of which were shared with the FT, outlined an opportunity to either acquire Активите на Builder.ai или да станат по този начин наречената авансово опакована договорка, форма на неплатеност във Англия, при която продажбата на бизнеса е контрактувана, преди да се назначи админите.
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