100% of Coindesk stocks were acquired by Bullish, a cryptocurrency exchange run by former NYSE President.
Just recently it has been revealed that Bullish, a crypto exchange that is led by former NYSE President Tom Farley,ย has bought 100% of CoinDesk stocks.ย It is known that it was an all-cash deal. However, financial terms remain undisclosed.
Speaking on this strategic move, Tom Farley stated:
โWith its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem. Bullish will immediately inject capital into several of CoinDeskโs most exciting growth initiatives which will power the launch of new services, events and products. We also want to express our unwavering support for CoinDeskโs commitment to journalistic independence.โ
The acquisition can become a highly beneficial initiative for both parties. Kevin Worth, CEO of CoinDesk, also expressed his excitement.
โWith renewed momentum in the crypto economy as well as investment from Bullish, we look forward to capitalizing on the many opportunities ahead for product development and expansion. I will always be grateful to Barry for taking a risk on CoinDesk and having the faith in me and our team to build a meaningful and everlasting business that will continue to support the future of digital assets,โ claimed he.
It is a breaking story. New details are expected to come soon.
