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DCG’s CoinDesk receives buyout curiosity; exploring partial or full sale

SB Crypto Guru News by SB Crypto Guru News
January 18, 2023
in Crypto Exchanges
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DCG’s CoinDesk receives buyout curiosity; exploring partial or full sale


Haru Invest

Cryptocurrency information firm Coindesk is in search of a purchaser by way of funding bankers, The Wall Avenue Journal reported Jan. 18.

Coindesk CEO Kevin Value informed the Journal that his firm has “obtained quite a few inbound indications of curiosity” in current months.

Value didn’t point out which firms are eager about shopping for Coindesk. Nevertheless, he informed the information outlet that Coindesk has engaged the monetary administration agency Lazard to discover a possible transaction.

The CEO additionally informed the Journal that Coindesk might pursue a full or partial sale, that means that DCG could not lose full possession of the corporate.

Final November, Semafor reported that a number of consumers — together with funding companies and rival information websites — had been eager about buying CoinDesk for upwards of $300 million.

Coindesk is presently owned by Digital Foreign money Group (DCG), which acquired the corporate in 2016 for $500,000-$600,000. Digital Foreign money Group additionally owns the troubled cryptocurrency firm Genesis and several other different subsidiaries.

Journalist at CryptoSlate

Mike educated in library and data sciences earlier than transferring into crypto writing in 2018. He lives on the West Coast of Canada.

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