- CoinDesk is now owned by Digital Currency Group.
- The crypto magazine was previously attempted to be bought by several other companies.
A group of investors led by Matthew Rozzak of Tally Capital and Peter Wessenes of Capital6 is nearing a deal to buy Coindesk Media for $125 million, the Wall Street Journal reported, citing people familiar with the matter.
As of this writing, CoinDesk is part of conglomerate Digital Currency Group (DCG), which acquired the publication in 2016. The likely sale of the magazine will strengthen the holding company’s financial position as it tries to pull its Genesis unit out of bankruptcy, the WSJ writes.
In early July, Gemini, a U.S. cryptocurrency exchange led by the Winklevoss brothers, filed a lawsuit against Digital Currency Group Holding and its CEO, Barry Silbert, alleging fraud against creditors.
In January 2023, Chinese publication Marsbit announced plans to buy the news portal. Cardano co-founder Charles Hoskinson later indicated his interest in acquiring CoinDesk. However, the businessman at the time considered the price inflated – rumor has it that DCG wanted to make $200 million on the deal.