Charles Hoskinson, the co-founder of Cardano (CRYPTO: ADA), revealed his intention to explore the possibility of acquiring CoinDesk, a crypto news service.

What Happened: This comes a day after CoinDesk was reportedly engaging financial advisory firm Lazard to explore options for a partial or full sale, as part of its strategic review. 

CoinDesk is owned by Digital Currency Group, a conglomerate whose lending subsidiary, Genesis Global Capital, is reportedly facing bankruptcy. 

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Hoskinson, who is also the co-founder of Ethereum (CRYPTO: ETH), took to Twitter to share his thoughts on the reported sale of CoinDesk for an estimated $200 million. Hoskinson stated that he hadn't seen the site's financials, but that he believes the sale is "a bit overpriced". “At $200 million, I believe it’s a bit overpriced,” he said. “I could afford it if I really wanted to.”  

Buying Coindesk https://t.co/YNJYjKhIlx

— Charles Hoskinson (@IOHK_Charles) January 19, 2023

Price Action: Cardano was up 2.88% trading at $0.34, in the last 24 hours, according to Benzinga Pro.

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