Ex-NYSE President Tom Farley’s Bullish buys CoinDesk in all-cash deal

Ex-NYSE President Tom Farley’s Bullish buys CoinDesk in all-cash deal

From theblock.co

Bullish, a crypto exchange led by former New York Stock Exchange President Tom Farley, has acquired the crypto-focused media company CoinDesk in a 100% all-in cash deal, according to a statement and its own reporting. The terms of the deal were not disclosed. However, CoinDesk’s parent company Digital Currency Group acquired the media outlet for $500,000 in 2016. CoinDesk has lines of business in media, events and indices, generating $50 million in revenue last year. Under the new ownership, Kevin Worth, the current CEO of CoinDesk, will continue leading the team, with CoinDesk operating as a subsidiary within ... (full story)

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