Crypto media outlet CoinDesk may pursue a full or partial sale to fuel future growth, CoinDesk confirmed to The Block.
CoinDesk is seeking advisory services from Lazard, a firm specializing in mergers, restructuring and capital strategy, as the company explores a potential sale, The Wall Street Journal first ລາຍງານ.
“Over the last few months, we have received numerous inbound indications of interest in CoinDesk. As such, I have engaged Lazard as our financial advisor to assist. My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale,” CEO Kevin Worth told The Block in a statement via email.
Coindesk was originally ໄດ້ມາ by the Digital Currency Group in 2016 for around $500,000 to $600,000. The company did not disclose its current valuation.
Another DCG company, Genesis Global Capital, is in the midst of negotiating a prepackaged ການລົ້ມລະລາຍ plan with creditors. Genesis ວາງອອກ 30% of its staff earlier this month.
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Source: https://www.theblock.co/post/203592/coindesk-explores-full-or-partial-sale-to-attract-growth-capital-ceo-says?utm_source=rss&utm_medium=rss