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Crypto Exchange Bullish Completes Purchase of CoinDesk: WSJ
Bullish, which is run by former NYSE President Tom Farley, bought 100% of CoinDesk from crypto-focused investor DCG in an all-cash deal
Updated Mar 8, 2024, 5:22 p.m. Published Nov 20, 2023, 1:23 p.m.
Cryptocurrency exchange Bullish has bought CoinDesk, the Wall Street Journal (WSJ) reported on Monday.
Bullish, which is run by former New York Stock Exchange (NYSE) President Tom Farley, bought 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal, the Journal said. Financial terms of the deal were not disclosed.
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CoinDesk will operate as an independent subsidiary of Bullish, Farley said, according to the report. An editorial committee will also be formed, chaired by former Wall Street Journal Editor-in-Chief Matt Murray.
CoinDesk's current management team will remain in place.
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