A consortium of investors are on the brink of finalizing an acquisition of CoinDesk, a media firm with a focus on cryptocurrency.

The investor syndicate is spearheaded by Matthew Roszak from Tally Capital, a private equity firm with a keen interest in crypto and Web3 technologies, and Peter Vessenes from Capital6, a venture capital firm and family office, The Wall Street Journal reported, quoting sources close to the situation.

The deal is projected to value the company at approximately $125 million.

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