Binance’s CEO Changpeng Zhao claims the company will not buy crypto media CoinDesk through CoinMarketCap. He said the purchase would not go forward due to various factors, regardless of a $75 million price tag.
According to a report by Blockworks on March 13, CoinDesk is an acquisition target for Binance Capital Management (BCM). The report detailed that BCM was to explore the option through its Delaware corporation, using CoinMarketCap to bridge the acquisition.
Jon Rice, the writer behind the report and a member of the Blockworks team, also explained that among the sources was a close informant within the Binance subsidiary.
Also, another source explained Binance’s consideration of going through a blind trust using CoinMarketCap.
Source: https://crypto.news/binance-is-not-purchasing-coindesk-ceo-says/