Investors in talks to buy CoinDesk, valuing company at $125 million

An investor group is in the final stages of purchasing cryptocurrency-focused media company CoinDesk, report Lauren Thomas and Vicky Ge Huang of The Wall Street Journal.

Thomas and Huang report, “The investor group is led by Matthew Roszak of Tally Capital, a private investment firm focused on crypto and blockchain-based technologies, and Peter Vessenes of Capital6, a venture-capital firm and family office, people familiar with the matter said.

“The transaction would have an enterprise value of about $125 million.

“CoinDesk’s parent company, Digital Currency Group or DCG, is expected to retain a stake in the media, events, data and indexes business as part of the deal, which is expected to be finalized in the next few weeks. CoinDesk’s current management is expected to stay in place, they said.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.