Semafor: Suitor Approaching CoinDesk with $300M

According to Semafor, CoinDesk, an encryption news website owned by DCG, is attracting a wide spectrum of potential buyers comprising private equity firms, family offices, rival publications including Blockworks, and hedge funds that hunt for distressed assets.There is no formal sale process yet, and one of the suitors proposes a $300M purchase price. CoinDesk is understood to obtain about $50M in annual revenue from a mix of traditional online advertising and Consensus conference.


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