Charles Hoskinson, the co-founder of gimbal ADA/USDdisclosed its intention to explore the possibility of acquiring CoinDeska crypto news service.
What happened: This comes a day after CoinDesk was would have engaging financial advisory firm lazard to explore partial or total sale options, as part of its strategic review.
CoinDesk belongs to Group of digital currenciesa conglomerate whose lending subsidiary, Genesis Global Capital, is would be on the verge of bankruptcy.
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Hoskinson, who is also the co-founder of Ethereum ETH/USDtake from Twitter to share his thoughts on the announced sale of CoinDesk for an estimated $200 million. Hoskinson said he hadn’t seen the site’s financials, but thought the sale was “a bit overpriced”. “At $200 million, I think it’s a little overpriced,” he said. “I could afford it if I really wanted to.”
Price Action: gimbal rose 2.88% to $0.34 in the last 24 hours, according to Benzinga Pro.