According to sources cited by The Wall Street Journal, an investor group led by blockchain investors Matthew Roszak and Peter Vesenes is close to acquiring the cryptocurrency media platform CoinDesk for approximately $125 million. The deal is in its final negotiation stage.
CoinDesk is currently owned by Digital Currency Group (DCG), which acquired CoinDesk in 2016. In January of this year, CoinDesk's CEO, Kevin Worth, mentioned that the company may seek full or partial sale as it explores funding options for its future growth. Over the past few months, CoinDesk has received “many inquiries about potential investments.” Any sale would likely strengthen DCG's financial position as the company aims to rescue its Genesis unit from bankruptcy.
Earlier this month, Digital Currency Group (DCG) was sued by Gemini, the largest creditor of Genesis, for failing to reach an agreement on the restructuring plan for Genesis. The two companies were unable to come to a consensus regarding the terms of the reorganization agreement.