CoinDesk Soon to Change Hands in $125M Deal

A group of investors led by Matthew Roszak from Tally Capital and Peter Vessenes from Capital6 is said to be nearing completion of an acquisition deal for crypto media firm CoinDesk, people familiar with the matter told the Wall Street Journal.

Tally Capital is a private investment firm specializing in crypto and Web3 technologies, while Capital6 is a family office and venture-capital firm. Sources close to the situation revealed that the agreement, which is in its final stages, would see the deal contain an enterprise value around $125 million.

Further details on the potential transaction were not provided.

CoinDesk has carved out a niche for itself as a popular source in the rapidly evolving world of cryptocurrency and blockchain technologies.

Followers of the space were arguably less than thrilled when the news broke.

The crypto cartel knows that those who control the media, control the narrative. Most crypto news groups have financial interests or conflicts of interest.@Protos will continue to be the one of the few crypto new groups that focus on reporting real crypto news. https://t.co/NyxaEuACBX

— Cryptohippo (@cryptohippo65) July 21, 2023

Mtgox Scammer and Tether bro scammer buying Coindesk. Coindesk will be the official media outlet for Ponzi schemes and frauds.

If you’re wondering why the MtGox bankruptcy took so long you have Peter to thank with his bullshit Coinlab lawsuit.

— Bitfinex’ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) July 20, 2023

Information for this story was found via the WSJ. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.