Digital Currency Group Is Said Near Deal to Sell CoinDesk (1)

Digital Currency Group is nearing a deal to sell its media company CoinDesk to an investor group, according to a person familiar with the situation.

The group is led by longtime crypto investor Matthew Roszak, founder of Tilly Capital and co-founder of Bloq Inc., and Peter Vessenes of venture-capital firm Capital6, according to the person, who wasn’t authorized to speak about the deal publicly. While the price being discussed is unclear, the enterprise value of the transaction is about $125 million, the person said.

The Wall Street Journal reported on the potential sale earlier Thursday. A spokesperson for DCG ...