In a significant move, Bullish, led by ex-NYSE President Tom Farley, acquires Coindesk in an undisclosed all-cash deal. This follows a trend of crypto media firms changing hands, reshaping the industry.
Bullish, the subsidiary of Block.one, has acquired Coindesk, a prominent crypto media outlet. Former NYSE President Tom Farley leads Bullish.
The undisclosed all-cash deal marks a shift in ownership within the crypto media landscape. Digital Currency Group previously owned Coindesk, having acquired it in 2016.
Block.one, known for its EOS blockchain, is a major player in the crypto space. The acquisition underscores the evolving dynamics in the crypto media sector.
Coindesk, founded in 2013, has transformed into a leading digital assets information platform. The purchase price remains undisclosed.
Notably, Bullish’s move follows Foresight Ventures’ acquisition of The Block, signifying a trend of changing ownership in the crypto media realm.
Coindesk aims to maintain journalistic independence, forming an editorial committee, with former WSJ editor Matt Murray as chairman.