How Much Did Bullish Buy Coindesk For?
The all-cash deal, whose financial specifics remain undisclosed, signifies a shift in ownership for CoinDesk, previously under Digital Currency Group since a $500,000 purchase in 2016.
![image Davin](https://image.coinlive.com/24x24/cryptotwits-static/452551d8f69058fb1ac891199d6a7b76.jpeg)
The all-cash deal, whose financial specifics remain undisclosed, signifies a shift in ownership for CoinDesk, previously under Digital Currency Group since a $500,000 purchase in 2016.
CoinDesk is set to reduce its workforce significantly due to the finalization of a major business deal.
Circle laid off some employees this week to strengthen its balance sheet.
Digital Currency Group’s liquidity issues may lead to the sale of CoinDesk and other crypto subsidiaries, raising concerns in the industry.
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One of the approaches suggested a $300 million purchase price but it was considered too low, some of the people said.
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The CoinDesk Podcast network’s latest addition attempts to bridge the gender disparities within the Web3 community as well as celebrate women within the space.
Ian and Dylan Macalinao, who used a web of secret identities to juice the value of a Solana DeFi project, are “no longer affiliated with” Protagonist VC, the firm they started said.