Cardano ADA founder Charles Hoskinson: CoinDesk sale for $200 million is too expensive, but I can afford it

CoinDesk CEO Kevin Worth confirmed to The Block that CoinDesk is seeking advisory services from Lazard, specializing in mergers, reorganization, and capital strategies. "Engaging Lazard is aimed at exploring various options to attract growth capital to CoinDesk's business, which may include a partial or complete sale," Worth said. CoinDesk was initially acquired by DCG in 2016 for approximately $500,000 to $600,000, but its current valuation has not been disclosed.

The CEO of CoinDesk, Kevin Worth, confirmed to The Block that CoinDesk is seeking advisory services from Lazard, specializing in mergers and capital strategies. "The goal of engaging Lazard is to explore various options to attract growth capital to CoinDesk's business, which may include partial or full sale." CoinDesk was initially acquired by DCG in 2016 for an undisclosed valuation.

According to Bloomberg, Charles Hoskinson, co-founder of Cardano, expressed interest in acquiring CoinDesk and transforming it into a hybrid of news and community platform. Hoskinson mentioned that the estimated price of CoinDesk at around $200 million is a bit high, but if he is willing to make the purchase, he can afford the $200 million price tag of CoinDesk.

This article is authorized reprint from Foresight NewsForesight News, a Chinese content platform in the Web3 vertical field, adheres to the basic principles of "objectivity and neutrality" and is committed to creating a Chinese gateway to the Web3 world.

Related news: DCG Crisis! Genesis affiliate companies have filed for bankruptcy protection, will DCG bonds be redeemed?