Cardano Founder Gives Update on Potential Coindesk and CNN Acquisition

In the fast-paced world of cryptocurrency, rumors and speculation are always rife, and the latest one surrounding Cardano founder Charles Hoskinson potentially acquiring Coindesk, the largest cryptocurrency news website, has been making waves in the industry.

During his recent ask-me-anything (AMA) session on YouTube, Hoskinson confirmed that he had signed a non-disclosure agreement (NDA), so he could not divulge any details about the talks. However, he did mention that the potential acquisition was unlikely to take place.

Hoskinson’s interest in Coindesk stems from his desire to bring more innovation and journalistic integrity to the crypto media scene. The website’s potential acquisition price has been rumored to be around $300 million, a considerable amount.

Cardano Founder Responds to Speculation About Purchasing CNN Media Company

However, the crypto mogul’s response to rumors about him forming a joint venture to acquire media giant CNN was less forthcoming. When asked about it, he replied uncertainly, “I can’t confirm or deny.” The speculation surrounding CNN’s potential acquisition may be nothing more than a rumor, as sources have reportedly said that the network is not for sale.

I can’t confirm or deny https://t.co/akBucrsPgp
— Charles Hoskinson (@IOHK_Charles) February 25, 2023

CNN’s parent company, Warner Bros. Discovery, recently acquired the network in a $43 billion transaction in April 2022. Despite all the noise surrounding the network, Warner CEO David Zaslav is reportedly optimistic about its future and believes that success will be a long game.

Hoskinson’s potential acquisition of Coindesk and his alleged interest in CNN could have significant implications for the crypto industry. If Hoskinson were to acquire Coindesk, he could use the website to promote his own cryptocurrency, Cardano, and bring more innovation to the industry. Similarly, an acquisition of CNN could allow him to bring crypto-related news to a wider audience and increase mainstream adoption.

However, as with all rumors and speculation in the cryptocurrency world, it’s important to take them with a pinch of salt. It remains to be seen whether Hoskinson will acquire Coindesk or make a move on CNN, but for now, it’s safe to say that the industry is keeping a close eye on these developments.