New Development in Cardano (ADA): Founder Hoskinson Moves To Acquire The Giant Company!

Cardano (ADA) co-founder Charles Hoskinson signed a non-disclosure agreement (NDA) with CoinDesk.

Before cryptocurrency Hoskinson, who announced his intention to buy CoinDesk, one of the largest media organizations in the world, did not provide more information about this latest deal. CoinDesk is part of the Digital Currency Group, a struggling crypto company.

Cardano Founder Still Interested in Acquiring CoinDesk

In addition, Hoskinson said that the deal to buy CoinDesk will be difficult and may not happen. Earlier, on January 20, Hoskinson said that he was considering acquiring CoinDesk and turning it into a combination news and community site, and that he had hired Lazard as a financial advisor to explore options, including a partial or full buyout.

The current purchase price for Coindesk is around $200 million.

“I don’t think I’m going to buy it, but we’ll see where this process goes,” the Cardano founder said.

Hoskinson also denied ludicrous rumors that he would buy American media giant CNN. She stated that she has no interest in traditional broadcast media.

Hoskinson suggested turning various pieces of news into non-fungible tokens to allow people to interact with them, arguing that it would be “really cool” for people to see each piece of news as a living object.

It was reported that Coindesk was either raising funds or seeking to be acquired after its parent company, Barry Silbert’s Digital Currency Group, was affected by the crypto crisis. Genesis, one of DCG’s subsidiaries, filed for bankruptcy after suspending withdrawals for users in mid-November.

*Not investment advice.