{"id":583201,"date":"2023-07-20T20:08:27","date_gmt":"2023-07-20T19:08:27","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=583201"},"modified":"2023-07-20T20:08:37","modified_gmt":"2023-07-20T19:08:37","slug":"coindesk-125-million-sale-dcg-troubles","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/coindesk-125-million-sale-dcg-troubles\/","title":{"rendered":"Coindesk Nears $125 Million Sale Amid Parent DCG’s Financial Woes"},"content":{"rendered":"\n
A consortium of investors is reportedly in the final stages of purchasing CoinDesk, which is one of the largest crypto news outlets in the world. Owned by Barry Silbert\u2019s crypto conglomerate Digital Currency Group (DCG), CoinDesk has been on the market since January 2023, following financial instability at its parent company. <\/p>\n\n\n\n
According to a report by The Wall Street Journal, the consortium of investors is led by Matthew Roszak of blockchain-focused venture capital firm Tally Capital, and Peter Vessenes from Captial6, a venture capital and private equity firm. People familiar with the matter revealed that the deal, which is valued at $125 million, is in the final stages. <\/p>\n\n\n\n
CoinDesk\u2019s parent company Digital Currency Group will reportedly retain a stake in the crypto news outlet, which it bought for $500,000 in 2016. DCG\u2019s stake would cover media, events, data, and index business. As per WSJ<\/a>, the current management is expected to be retained by CoinDesk\u2019s new owners.\u00a0<\/p>\n\n\n\n