Investor group nears $125 million deal for CoinDesk - WSJ

South Africa News News

Investor group nears $125 million deal for CoinDesk - WSJ
South Africa Latest News,South Africa Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter.CoinDesk is currently owned by crypto conglomerate Digital Currency Gro

A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

CoinDesk is currently owned by crypto conglomerate Digital Currency Group , which bought it in 2016. Any sale would likely bolster DCG's financial strength as the company looks to pull its Genesis unit out of bankruptcy. DCG was also sued by Gemini, the largest creditor of Genesis, earlier this month, after the companies failed to agree to a restructuring deal for the bankrupt unit.

CoinDesk, Roszak's investment firm Tally Capital and Vessenes's family office did not immediately respond to Reuters requests for comment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China keeps lending benchmarks unchanged; economic weakness tests policymakersChina keeps lending benchmarks unchanged; economic weakness tests policymakersSHANGHAI/SINGAPORE :China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery called for more stimulus.China's economy grew at a frail pace in the second quarter, raising investor hopes for mo
Read more »

K-pop girl group (G)I-dle to perform in Singapore in OctoberK-pop girl group (G)I-dle to perform in Singapore in OctoberThe group last performed in Singapore in October 2022.
Read more »

Hong Kong superstar Tony Leung makes an appearance in K-pop group NewJeans' latest music videoHong Kong superstar Tony Leung makes an appearance in K-pop group NewJeans' latest music videoThe Golden Horse Film Award-winning actor appears alongside Squid Game actress Jung Ho-yeon.
Read more »

Fewer foreigners bought condos in Q2 after ABSD doubled; Americans the largest buyer groupFewer foreigners bought condos in Q2 after ABSD doubled; Americans the largest buyer groupAmericans overtook the Chinese as the largest group of foreign buyers in the second quarter of 2023. Read more at straitstimes.com.
Read more »

Dutch SPAC in advanced talks to acquire electric vehicle groupDutch SPAC in advanced talks to acquire electric vehicle groupLONDON : SPEAR Investments I, a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday.The deal will see QEV Technologies, which recently won a
Read more »

Be wary of Mr Black BackBe wary of Mr Black BackKranji’s got talent. That, you had better believe. Take Sunday’s card. We have the Group 1 Singapore Derby and the Group 3 Singapore Golden Horseshoe. The former is a $400,000 race over 1,800m for four-year-olds and the latter a $110,000 race over 1,200m for...
Read more »



Render Time: 2025-03-23 06:58:11