DCG’s CoinDesk receives buyout interest; exploring partial or full sale DCG’s CoinDesk receives buyout interest; exploring partial or full sale
The firm is reportedly exploring a potential transaction.
1 min read
Updated: Aug. 14, 2023 at 6:20 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Cryptocurrency news company Coindesk is seeking a buyer through investment bankers, The Wall Street Journal reported Jan. 18.
Coindesk CEO Kevin Worth told the Journal that his company has “received numerous inbound indications of interest” in recent months.
Worth did not indicate which companies are interested in buying Coindesk. However, he told the news outlet that Coindesk has engaged the financial management firm Lazard to explore a potential transaction.
The CEO also told the Journal that Coindesk could pursue a full or partial sale, meaning that DCG may not lose complete ownership of the company.
Last November, Semafor reported that several buyers — including investment firms and rival news sites — were interested in purchasing CoinDesk for upwards of $300 million.
Coindesk is currently owned by Digital Currency Group (DCG), which acquired the company in 2016 for $500,000-$600,000. Digital Currency Group also owns the troubled cryptocurrency company Genesis and several other subsidiaries.
Mentioned in this article
Author 
Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
Latest US Stories
Featured Story
Advertise Here
In this article
CoinDesk
CoinDesk was founded by Shakil Khan as an integrated platform for media, events, data & indices for the next generation of investing and the future of money.
Digital Currency Group
Digital Currency Group’s mission is to accelerate the development of a better financial system.