Bullish Crypto Exchange Acquires CoinDesk: A New Venture

• Bullish Acquires CoinDesk in Recent Buyout
• CoinDesk to Operate as Bullish Subsidiary
• Formation of Editorial Committee

Bullish Acquires CoinDesk in Recent Buyout

The cryptocurrency exchange, Bullish, has purchased CoinDesk, as reported by The Wall Street Journal. Bullish, under the leadership of former New York Stock Exchange (NYSE) President Tom Farley, acquired 100% ownership of CoinDesk. The deal, made completely in cash, was facilitated by the crypto-focused investor, Digital Currency Group (DCG). The financial details surrounding this transaction have not been disclosed.

CoinDesk to Operate as Bullish Subsidiary

Following the acquisition, CoinDesk is set to operate as an independent subsidiary of Bullish, according to Tom Farley. CoinDesk's current management team will retain their roles.

Formation of Editorial Committee

In addition, an editorial committee will be established, led by former Editor-in-Chief at the Wall Street Journal, Matt Murray.

Edited by Jonathan Stoker