Cryptocurrency exchange Bullish has acquired CoinDesk in an all-cash transaction, as reported by the Wall Street Journal on Monday. Bullish, led by former New York Stock Exchange (NYSE) President Tom Farley, purchased the entire stake of CoinDesk from Digital Currency Group (DCG).
The financial details of the transaction were not disclosed.
Under the new ownership, CoinDesk will continue to operate independently as a subsidiary of Bullish. Former Wall Street Journal Editor-in-Chief Matt Murray will chair an editorial committee to oversee CoinDesk’s operations.
The existing management team of CoinDesk will also remain in their roles.