Bullish buys CoinDesk from DCG

Blockworks
Blockworks

20 Nov 2023 3:31 PM

Bullish plans to leave the current management team in place, and will “inject capital” into some of CoinDesk’s “growth initiatives."...

  • Bullish, a crypto exchange, has acquired CoinDesk from the Digital Currency Group in an undisclosed all-cash deal.
  • The current management team of CoinDesk will remain in place, and an independent Editorial Committee will be created to ensure journalistic independence.
  • Bullish plans to inject capital into CoinDesk's growth initiatives and support its commitment to journalistic independence.
  • Bullish is a subsidiary of Block.one, which raised $4 billion in a 2018 initial coin offering and developed the EOS blockchain.
  • CoinDesk was previously acquired by the Digital Currency Group in 2016 for approximately $500,000.

The sentiment of the article is positive, as it highlights Bullish's acquisition of CoinDesk and their plans to support its growth initiatives and journalistic independence.

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You May Ask

Who acquired CoinDesk from the Digital Currency Group?What will happen to the current management team of CoinDesk?How does Bullish plan to support CoinDesk's growth initiatives?What is the background of Bullish and its parent company, Block.one?When was CoinDesk previously acquired by the Digital Currency Group and for how much?

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