Worth told CNBC in January that the outlet had received “numerous inbound indications of interest” and that the company had contracted with Lazard, a financial advisory firm, “to explore various options to attract growth capital to the CoinDesk business.”Įarly estimates of CoinDesk’s market value ranged as high as $300 million, although the actual acquisition price is expected to be significantly lower, according to another source, who pegged the value of the potential deal at closer to $75 million.

Those talks are said to be on hold at the moment.ĬEO Kevin Worth confirmed that the outlet was for sale in January, although it was widely-known that DCG was shopping CoinDesk after the parent company’s well-documented travails with Genesis and its lending arm, which sought bankruptcy protection earlier this year. CoinDesk, a leading crypto news and events company and a core component of the Digital Currency Group (DCG) empire, has been an acquisition target for Binance Capital Management (BCM) in recent weeks, according to sources with direct knowledge of the matter.īCM, registered in the British Virgin Islands, has been exploring ways to buy the company through its CoinMarketCap subsidiary, a Delaware corporation.

Binance coin price coindesk