Investing
Investor group nears $125 million deal for CoinDesk – WSJ
© Reuters. FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration//File Photo
(Reuters) – A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
CoinDesk is currently owned by crypto conglomerate Digital Currency Group (DCG), which bought it in 2016. Any sale would likely bolster DCG’s financial strength as the company looks to pull its Genesis unit out of bankruptcy.
DCG was also sued by Gemini, the largest creditor of Genesis, earlier this month, after the companies failed to agree to a restructuring deal for the bankrupt unit.
CoinDesk, Roszak’s investment firm Tally Capital and Vessenes’s family office did not immediately respond to Reuters requests for comment.
Read the full article here
-
Side Hustles7 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing7 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing5 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Side Hustles6 days ago
5 Key Strategies for a Seamless Cloud Migration
-
Investing7 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income6 days ago
Go Paperless with the PDF Reader Pro for $49.99