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Tussling billionaires join chase for stalled Sun Cable project

Bloomberg
Bloomberg • 2 min read
Tussling billionaires join chase for stalled Sun Cable project
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Billionaires Andrew Forrest and Mike Cannon-Brookes, whose dispute over strategy prompted the collapse of Australia’s Sun Cable, are among parties who’ve made offers to acquire the clean energy startup.

Cannon-Brookes’s Grok family office and Forrest’s Squadron Energy unit have both put forward proposals, according to people familiar with the matter, who asked not to be identified as the information is private.

The billionaires, both existing investors in Sun Cable, are among a group of bidders that includes overseas entities, two of the people said.

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