The investment company DCG (Digital Currency Group) run by Barry Silbert has acquired the cryptocurrency media CoinDesk, as stated by the company in the announcement.
Digital Currency Group founded by Barry Silbert has recently attracted 11 prominent investors, including MasterCard, Bain Capital Ventures and Canadian Imperial Bank of Commerce. Since its creation in 2015 DCG has made over 50 investments in 17 countries.
In October 2015 Barry Silbert announced that in the following year DCG was going to invest in up to 20 new start-ups. In December 2015 the company invested $1mln in Purse, a P2P service provider allowing users to shop on Amazon with bitcoins. DCG has not revealed the price of the purchase of CoinDesk.
“DCG's resources and vision will enable the CoinDesk team to keep pace with those growing needs and continue delivering the top-quality journalism our readers have come to expect,” the announcement says.
The industry publication will be run by DCG's director of growth, Ryan Selkis, Reuters reported.
CoinDesk has also announced that it will host an industry conference Consensus 2016 on 2–4 May in New York City in collaboration with DCG and Coin Center.