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DCG Owned Crypto News Site CoinDesk Draws $300 Million Buyout Offers

Crypto news site CoinDesk, owned by Digital Currency Group (DCG), has received takeover interest including one that suggested a $300 million purchase price, according to Semafor, according to Semafor.

Potential buyers circling the company include private equity firms, family offices, rival publications including Blockworks and hedge funds that hunt for distressed assets, but there is no formal sales process, unnamed sources told the publication.

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