Crypto exchange Bullish, partnered with the EOS Project and Block.one, has just closed a deal to buy crypto-focused publication CoinDesk, The Wall Street Journal has reported.
According to the statement:
"Bullish will immediately inject capital into several of CoinDesk’s most exciting growth initiatives which will power the launch of new services, events and products."
Bullish, which is led by former New York Stock Exchange chairman Tom Farley, has acquired 100% of CoinDesk from Digital Currency Group (DCG).
Digital Currency Group, the parent company of CoinDesk, acquired the media back in 2016 for $500,000.
According to the press release, CoinDesk will operate as an independent subsidiary of the crypto exchange, while the current CoinDesk management team will remain in place.