- Crypto media company CoinDesk has been acquired by Bullish, the crypto exchange run by former NYSE President Tom Farley, in an all-cash deal for an undisclosed amount.
- CoinDesk was acquired by Digital Currency Group in 2016 for $500,000 and has grown into a major crypto news and events company.
- As part of the deal, former WSJ Editor Matt Murray will chair an independent editorial committee at CoinDesk to ensure editorial independence under the new ownership.
Crypto media company CoinDesk has been acquired by Bullish, the crypto exchange run by former New York Stock Exchange President Tom Farley. Bullish bought 100% of CoinDesk for an undisclosed amount in an all-cash deal.
— BlockNews.com (@blocknewsdotcom) November 20, 2023
NEWS: Crypto exchange 'Bullish' purchases CoinDesk in an all-cash deal.
The amount was not reported via WSJ.
Bullish CEO Tom Farley says there is a rebound of the digital assets industry that has already begunpic.twitter.com/B5yozWZTCB
CoinDesk Background
CoinDesk was acquired by Digital Currency Group in 2016 for $500,000 and has grown into a major crypto news and events company.
Details of the Acquisition
Bullish, led by former NYSE President Tom Farley, has purchased CoinDesk in its entirety. The financial terms of the deal were not disclosed.
Former WSJ Editor to Lead Editorial Committee
As part of the deal, CoinDesk announced that former Wall Street Journal Editor in Chief Matt Murray will chair an independent editorial committee at CoinDesk. This committee aims to ensure editorial independence.
Conclusion
The acquisition provides Bullish with an established crypto media brand. Meanwhile, CoinDesk will look to maintain its editorial independence under the new ownership.
