Potential Buyers Are Considering Buying CoinDesk, with an Offer of $300 Million

Nov 30,2022
KingData News: CoinDesk, the online news site whose story on cracks in Sam Bankman-Fried’s crypto empire sparked an industry-wide meltdown, has attracted takeover interest as its owner tries to reassure investors, people familiar with the matter said. One of the approaches suggested a $300 million purchase price but it was considered too low, some of the people said. CoinDesk was making about $50 million in annual revenue from a mix of traditional online advertising and its popular Consensus conference. There’s no formal sales process for CoinDesk, but it has attracted interest from a broad set of potential buyers, including private equity firms, family offices, rival publications including Blockworks, and hedge funds that hunt for distressed assets, the people said.
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