Cardano Founder Shows Interest in Buying CoinDesk News Service
- Hoskinson said the business is offered for about $200 million
- CoinDesk confirmed Wednesday that it’s exploring a sale
This article is for subscribers only.
Charles Hoskinson, co-founder of the Cardano blockchain, said that he is considering buying crypto news service CoinDesk to revamp it into a mix of a news and community site.
CoinDesk said Wednesday that it engaged Lazard as a financial adviser to explore options including a partial or full sale. The site is owned by Digital Currency Group, a conglomerate whose lending subsidiary Genesis Global Capital is expected to file for bankruptcy soon.