CoinDesk Explores Full or Partial Sale to Attract Growth Capital
Jan 19,2023,01:09
Kevin Worth, CEO of crypto media outlet CoinDesk, said CoinDesk may pursue a full or partial sale to raise funds for future growth.
CoinDesk is seeking advisory services from Lazard, a firm specializing in mergers, restructuring and capital strategy. Kevin Worth said his 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.
Coindesk was originally acquired by the Digital Currency Group in 2016 for around $500,000 to $600,000. The company did not disclose its current valuation.
