INVESTOR GROUP NEARS $125 MILLION DEAL FOR COINDESK

Summary from the TLDR Crypto newsletter

An investors group, headed by Matthew Roszak from Tally Capital and Peter Vessenes from Capital6, is on the verge of buying cryptocurrency media firm CoinDesk for around $125 million. The deal is in its final stages. CoinDesk is owned by DCG, which has had a myriad of financial issues this year. Since these issues began, DCG has been looking for suitors to help remedy the situation. The parent company hired Lazard back in January to begin exploring a sale.