M&A Deal Summary

Bullish Acquires Coindesk

On November 20, 2023, Bullish acquired digital media company Coindesk from Digital Currency Group

Acquisition Highlights
  • This is Bullish’s 1st transaction in the Digital Media sector.
  • This is Bullish’s 1st transaction in the United States.
  • This is Bullish’s 1st transaction in New York.

M&A Deal Summary
Date 2023-11-20
Target Coindesk
Sector Digital Media
Buyer(s) Bullish
Sellers(s) Digital Currency Group
Deal Type Divestiture
Advisor(s) Lazard Ltd. (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Coindesk

New York, New York, United States
CoinDesk is a media, events, indices, and data company for the global crypto economy. The company delivers news and unparalleled insights that bring transparency, comprehension, and context. It's Indices offers expertise in digital asset indices, data, and research to educate and empower investors. CoinDesk was formed in 2013 and is based in

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Buyer(S) 1

Buyer

Bullish

Gibraltar, Gibraltar
Category Company
Founded 2021
Sector Information Technology
DESCRIPTION

Bullish is an institutional digital assets exchange with a focus on developing products and services for the institutional digital assets sector. Supported by the group’s well-capitalized treasury, the company's centralized exchange combines a high-performance central limit order book (CLOB) with proprietary automated market-making technology to deliver deep liquidity and tight spreads all within a compliant and regulated framework. Bullish was formed in 2021 and is based in

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Digital Currency Group

New York, New York, United States
Category Company
Founded 2015
Sector Financial Services
DESCRIPTION

Digital Currency Group, Inc. is a provider of bitcoin and blockchain industry.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Luno Pte.

London, United Kingdom

Luno Pte. Ltd. is a global cryptocurrency company on a mission to upgrade the world to a better financial system. With over 5 million customers spanning over 40 countries, Luno’s products and services make it safe and easy to buy, sell, store, and learn about cryptocurrencies like Bitcoin and Ethereum.

Buy -
Mergr

Product

Company

Legal