Coindesk Under New Ownership as Bullish Completes Acquisition
In 2023, the landscape of crypto media firms is witnessing significant changes in ownership.
Following Foresight Ventures’ acquisition of a major stake in The Block, Bullish, led by former NYSE President Tom Farley, made headlines by acquiring Coindesk a week later. While the purchase price remains undisclosed, reports indicate an all-cash deal in this transaction. Coindesk, established in 2013, now becomes part of Bullish, a Block.one subsidiary providing institutional digital assets exchange and AMM technology. The acquisition, characterized by Bullish’s press release, involved the purchase from Digital Currency Group (DCG), which had acquired Coindesk in 2016. Barry Silbert, DCG’s founder and CEO, expressed pride in Coindesk’s transformation into a trusted digital asset information platform.
Although the acquisition price remains unknown, Block.one, Bullish’s parent company, gained prominence for its substantial ICO and holdings in bitcoin (BTC). Coindesk, under new ownership, emphasizes journalistic independence, forming an editorial committee and welcoming Matt Murray, former WSJ editor-in-chief, as committee chairman. CEO Kevin Worth underscores the industry’s challenges, emphasizing trust as a crucial element for the future of digital assets.
Clever Robot News Desk 22nd November 2023
