Charles Hoskinson, founder of the public chain project Cardano (ADA) and co-founder of Ethereum, said that he is considering acquiring CoinDesk, an encrypted currency media under the DCG Group, and transforming it into a hybrid of news and social networking sites.
CoinDesk said on Wednesday it hired financial advisory firm Lazard as a financial advisor to explore options including selling some or all of its stake. It is worth noting that Genesis, a cryptocurrency brokerage company also under the DCG Group, announced earlier today (20th) that it has filed for bankruptcy protection.
DCG acquired CoinDesk in 2016 for approximately $500,000.
Charles Hoskinson said in an earlier YouTube live broadcast that he heard CoinDesk would be sold for about $200 million, but he has not seen any of CoinDesk’s accounts or financial data. He pointed out:
At $200 million, I think it’s priced a bit high, but if I really want to buy it, I can still afford it.
Charles Hoskinson also believes that the cryptocurrency industry needs strong media channels, and even suggested that various news clips be minted into NFTs so that people can interact with them.
CoinDesk did not immediately respond to a request for comment on Hoskinson’s remarks.