'Deal Assigns Crypto Media Co. Enterprise Value Of $125M; Investor Syndicate Nears Deal For CoinDesk, Sources Say' - WSJ
Portfolio Pulse from Happy Mohamed
Crypto media company CoinDesk is reportedly nearing a deal with an investor syndicate, which assigns the company an enterprise value of $125 million, according to the Wall Street Journal.
July 20, 2023 | 4:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The potential acquisition of CoinDesk may indirectly affect the price of Bitcoin (BTCUSD) as CoinDesk is a major source of crypto news.
CoinDesk is a major source of news in the crypto industry. Any changes in its ownership or editorial policy could potentially affect the sentiment and information flow around Bitcoin, thereby indirectly affecting its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The potential acquisition of CoinDesk may indirectly affect the price of Ethereum (ETHUSD) as CoinDesk is a major source of crypto news.
CoinDesk is a major source of news in the crypto industry. Any changes in its ownership or editorial policy could potentially affect the sentiment and information flow around Ethereum, thereby indirectly affecting its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50