The Wall Street Journal: An investor group is close to acquiring the crypto media CoinDesk for $125 million

2023-07-21 01:25:53

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ChainCatcher news, according to a report by The Wall Street Journal citing informed sources, an investor group is close to acquiring the crypto media CoinDesk for $125 million.

Informed sources indicate that the investment group is led by Matthew Roszak of Tally Capital, a private investment firm focused on cryptocurrency and Web3 technology, and Peter Vessence of Capital6, a venture capital firm and family office.

It is reported that CoinDesk was acquired by DCG for $500,000 in 2016, and its business revenue exceeded $50 million in 2022. In February of this year, due to the bankruptcy of Genesis, DCG sought to sell it for $200 million.

Additionally, media reports state that the shares being sold by CoinDesk are priced at approximately $125 million, with a total value exceeding $200 million, not a valuation of $125 million. (source link)

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CoinDesk WSJ Wall Street Journal

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