In March, The Wall Street Journal reported on Binance, the cryptocurrency exchange platform, exploring the possibility of acquiring CoinDesk news portal for $75 million.
This week, sources close to the negotiations revealed that a consortium of investors is close to closing the deal and purchasing CoinDesk, at a price of $125 million, for a venture capital company focused on the blockchain industry.
Capital6 and Tally Capital are to be among the largest investors.
Digital Currency Group initially purchased CoinDesk for $500,000 in 2016, and its current owners have pledged to retain the current line-up of leadership.
