CoinDesk Might Have Cardano Founder Charles Hoskinson As Potential Buyer

Charles Hoskinson, co-founder of the blockchain network Cardano, is interested in purchasing CoinDesk, DCG’s media arm, despite the company’s current difficulties.

According to Yahoo! Finance, Hoskinson’s reasoning as to why he has shown strong interest in buying up DCG’s media unit is that he believes journalism integrity should be restored. The Cardano co-founder’s interest was made known after CoinDesk announced its exploration of a possible sale.

Purchase Process Won’t Be A Walk In The Park

Even though Hoskinson has stated publicly that he is interested in acquiring CoinDesk, it would not be a smooth and fast transaction, according to reports.

Hoskinson said that he sees the selling price of $200 million for CoinDesk to be overpriced, stating that a review of the pre-purchase will be done after the firm’s books have been properly reviewed.

Meanwhile, on CoinDesk’s side of affairs, its management has decided to hire investment bank Lazard Ltd. as its main financial advisor. The financial guru is tasked by DCG’s media arm in exploring ways on how to successfully sell CoinDesk, removing a burden from DCG’s CEO and founder, Barry Silbert.

The sale of the popular crypto news portal follows a string of complications in the aftermath of the closure of FTX.