CoinDesk’s parent company is Digital Currency Group Inc., or DCG, which operates the media platform as well as an events business and cryptocurrency price indexes.
Photo:
Jordan Vonderhaar/Bloomberg News
CoinDesk Inc., a cryptocurrency-focused media company, has retained investment bankers at
Lazard Ltd.
LAZ -0.03%
to help it explore options including a partial or full sale, according to its chief executive officer.
“Over the last few months, we have received numerous inbound indications of interest in CoinDesk,” CoinDesk CEO
Kevin Worth
said.
Mr. Worth confirmed the company’s recent engagement with Lazard and its exploration of a potential transaction.
CoinDesk, whose parent company is Digital Currency Group Inc., or DCG, operates the media platform as well as an events business and cryptocurrency price indexes.
Amid fallout in the crypto industry since FTX’s collapse, DCG is staring down its own troubles. Other DCG businesses, such as fund manager Grayscale Investments and bitcoin miner Foundry also face significant challenges. DCG’s massive crypto lender Genesis Global Trading Inc. recently laid off 30% of its staff and is considering filing for bankruptcy, The Wall Street Journal reported earlier this month.
Write to Lauren Thomas at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
