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☆ Bally's shareholders wage battle over ownership, 'unfunded development projects'
▼ + stars: | 2024-04-02 | by ( Contessa Brewer | ) www.cnbc.com time to read: +5 min

In this article BALY Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty ImagesAs the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally's Corporation is facing its own existential battle. Standard General owns about 23% of Bally's stock, it said last month. An exterior view shows the Tropicana Las Vegas on March 29, 2024, in Las Vegas, Nevada. Bally's market cap stands at little more than half a billion dollars.

Persons: David Becker, Soo Kim, Kim, it's, Dan Fetters, Edward King, Fetters, King, Bally's, It's, George Rose, Chris Grove, Jim Murren, Jess Golden Organizations: Tropicana, Getty, Bally's, Standard, Growth Capital, Las, Trump, Tahoe, Chicago, Major League Baseball's Athletics, Leisure Properties, New, Acies, MGM Resorts International, CNBC Locations: Las Vegas , Nevada, Las Vegas, New York City, Stateline , Nevada, Seminole, Florida, Nevada, Oakland, Vegas

☆ A bunch of analysts just hiked price targets for these 2 stocks, giving them over 65% upside
▼ + stars: | 2024-03-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Eight analysts upgraded their target prices on two Canadian stocks in the past week, giving both more than 65% upside potential. Wedbush Securities analysts Gerald Pascarelli and Antoine Legault hiked their price target for the stock's U.S.-listed shares to $2.50, giving it an upside of 18%. Investment banks Beacon Securities and Alliance Global Partners are significantly more bullish on the stock, giving it upside of 110% and 75%, respectively. VerticleScope reported revenue of $17.9 million, compared to $16.6 million expected by analysts. However, analysts believe the worst is behind it, as all eight covering the stock raised their price targets after the company's earnings.

Persons: Gerald Pascarelli, Antoine Legault, Nick Anderson, MKM Roth, Anderson, Canaccord Genuity, Aravinda Galappatthige Organizations: CNBC, Cresco Labs, Wedbush Securities, Mar, Investment, Beacon Securities, Alliance Global Partners, Capital Markets, National Bank Financial Locations: Mar, U.S

☆ Stocks making the biggest premarket moves: Target, Apple, Tesla, Microstrategy and more
▼ + stars: | 2024-03-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. Stitch Fix — Shares tumbled 13.4% a day after the online personalized styling service company reported an earnings miss for its second quarter. AeroVironment — The stock rallied nearly 18% a day after the defense company exceeded estimates for its third-quarter adjusted earnings per share and revenue.

Persons: Tesla, Microstrategy, Albemarle, GitLab, —, Jesse Pound, Lisa Han Organizations: Apple, Counterpoint Research, Reuters, Police, CNBC, Bloomberg, Department of Commerce's, of Industry, Security, Paymentus Holdings Locations: China, Berlin

☆ Portfolio manager picks Chinese stocks right now on some key themes
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio manager picks Chinese stocks on some key themes such as short covering, government buyingGustav Rhenman from Asia Growth Capital Management shares what he has been buying amongst Chinese stocks and why.

Persons: Gustav Rhenman Organizations: Asia Growth Capital Management Locations: Asia

☆ It is only a matter of time when we have a 'serious turnaround' in Chinese stocks, says CIO
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is only a matter of time when we have a 'serious turnaround' in Chinese stocks, says CIOGustav Rhenman, Founder and CIO of Asia Growth Capital Management says China's leadership is serious about restoring market confidence, but they want the process to be gradual while aiming for long-term.

Persons: Gustav Rhenman Organizations: Asia Growth Capital Management

☆ BlackRock's next high-stakes bet: lending out cash
▼ + stars: | 2023-10-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

Goldstone was referring to a type of business-development company, an investment vehicle widely used in the private-credit market. The vehicle Condor allocated to is a slice of BlackRock's $81 billion private-credit business, which is part of the wider $317 billion alternative-assets platform. 'Size matters'In the summer, BlackRock executives teased out their focus on private credit and fixed income broadly during an investor-day presentation. BlackRock's string of private-credit developments adds up to a long-term bet that this dynamic will continue. "That, in essence, is the paradox of private credit."

Persons: David Goldstone, Goldstone, BDC, it's, hasn't, Rowe Price, Franklin Templeton, Blackstone, Axel Springer, Greg Greifeld, Greifeld, Tim Clarke, Rob Kapito, We've, Jim Keenan, BDCs, Keenan, Clarke, PitchBook, they're, Larry Fink, " Fink, Merrill Lynch, BlackRock, Jared Gross, J.P, Phil Tseng, BlackRock's, Gross, Morgan Organizations: Condor Capital Wealth Management, Condor, BlackRock, BlackRock doesn't, Federal Reserve, Fidelity, Apollo, KKR, Growth, BlackRock TCP Capital Corp, BlackRock Capital Investment Corp, Kreos, Barclays, Tennenbaum Capital Partners, Morgan, who's Locations: New Jersey, BlackRock, PitchBook, Banks, London

☆ With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
▼ + stars: | 2023-10-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

UK has second-biggest number of top fintech firmsThe U.S. was home to 65 of the top fintech companies, according to CNBC's list of world's top 200 fintech companies. In the U.S., some of the top global fintech companies on Statista's list include names like Stripe, PayPal and Intuit . Stateside, meanwhile, the largest fintech unicorns are Stripe ($95 billion), Chime ($25 billion), Ripple ($15 billion), Plaid ($13.5 billion), Devoted Health ($12.6 billion, and Brex ($12.3 billion). Other leading ecosystems for fintech unicorns include India, on 17 unicorns, and China, on eight. Standing in 8th place is Mexico, with five fintech unicorns, Singapore, also with five, and the Netherlands, which has four in total.

Persons: Ed Jones, Starling, Tencent, Statista, Andreessen Horowitz, Wise, Vlad Tenev, Group's, —, Nick Parmenter Organizations: AFP, Getty, CNBC, Statista, Ant Group, Plaid, Visa, Mastercard, European Union, Apple, Google, Sequoia Capital, PayPal, Intuit, Financial, Authority, Consumers Locations: U.S, Beijing, China, Silicon, Europe, Ukraine, Covid, India, France, Brazil, Germany, Mexico, Singapore, Netherlands, Statista

☆ Dollarization would eliminate Argentina's future inflation risk, former IMF board member says
▼ + stars: | 2023-09-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Dollarization would end inflation risks in Argentina, said former IMF board member Mark Rosen. It wouldn't necessarily deal with the spending issue, but it would anchor monetary policy, and be a big positive change." But critics of Argentina's dollarization idea have previously pointed out that it would be handicapped by the shortage. But not every IMF official shares his take. Though the lender has not officially weighed in on dollarization, Argentina's economic situation does matter to it.

Persons: Mark Rosen, Javier Milei, Francisco Zalles, Argentina's, Rosen, Alejandro Werner Organizations: IMF, Bloomberg, Argentine, Service, International Monetary Fund, Ecuador dollarize, Advection Growth Locations: Argentina, Wall, Silicon, Buenos Aires, Ecuador, America, dollarization

☆ ComBio wants industrial players to use sustainable biomass instead of fossil fuels for heat generation. Check out the 9-slide pitch deck it used to raise $90 million in growth capital.
▼ + stars: | 2023-09-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Brazilian company ComBio wants industrial players to swap out fossil fuel boilers for biomass. Founded in 2008, ComBio has developed biomass-based systems to remove the need to use oil and gas when generating heat. The company sources biomass from agricultural and forestry waste, which it said is sustainable and would typically have no other use. "If you look at the energy transition on heat, on thermal, you have quite limited options and by far the best one is biomass," Filho said. Check out the 9-slide pitch deck the company used to raise the funds below.

Persons: Lightrock, ComBio, Paulo Skaf Filho, Filho Organizations: Capital, Renewables, US International Trade Administration Locations: London, Brazil, Europe

"The situation is already very bad for dollar-based funds to invest in China's tech sector. There isn't much room for things to get worse," said Beijing-based China Growth Capital partner Wayne Shiong. Biden's move will likely make China-focussed venture capital firms feel more urgency to raise yuan funds from Chinese investors, he said. In response to Biden's executive order, China's commerce ministry said it was "gravely concerned" and reserved the right to take countermeasures. But the executive order is barely going to do anything, and China escalating would risk turning a molehill into a mountain."

Persons: Florence Lo, Joe Biden's, Donald Trump, Weiheng Chen, Wilson Sonsini, Biden, Chen, Wayne Shiong, Biden's, Yuan, Pan, Trump, Derek Scissors, Kane Wu, Michael Martina, Roxanne Liu, Ziyi Tang, Yantoultra, Sumeet Chatterjee, William Mallard Organizations: REUTERS, U.S, Reuters Graphics Reuters, China Growth Capital, Chinese Academy of Social Sciences, TECH, Hua Hong Semiconductor, Analysts, American Enterprise Institute, Thomson Locations: China, U.S, HONG KONG, WASHINGTON, Beijing, Washington, Shanghai, Hong Kong, Singapore, Bengaluru

☆ Indian private credit funds rush to fill gap left by banks
▼ + stars: | 2023-08-08 | by ( Bhakti Tambe | ) www.reuters.com time to read: +2 min

MUMBAI, Aug 8 (Reuters) - A growing number of Indian alternative investment funds are expanding their private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies. Edelweiss Alternatives has invested 359 billion rupees in private credit and is looking to launch its next real estate credit fund. Vivriti Asset aims to add 15 billion rupees to the roughly 35 billion rupees it already manages in private credit, managing director Vineet Sukumar said. Private credit funds lend to these companies at 12%-18%, splitting transactions into tranches.

Persons: Lakshmi Iyer, Vineet Sukumar, Goswami Infratech, Amit Agarwal, Ankur Jain, Bhakti Tambe, Savio D'Souza Organizations: Advisors, Investments, Vivriti, Management, Edelweiss, Thomson Locations: MUMBAI, Asia, Edelweiss

☆ Energize Capital just raised a $300 million fund to back growth-stage climate tech startups. Here's the 11-slide pitch deck it used to get investors on board.
▼ + stars: | 2023-07-31 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Chicago-based climate software fund Energize Capital just raised $300 million in growth funds. Chicago-based Energize Capital, formerly Energize Ventures, just raised $300 million to help close the growth funding gap for climate startups. The growth capital will be spread across 12 startups over a three-year investment period, with around half expected to be from Energize's earlier-stage ventures portfolio, Tough said. Currently a team of around 20, Energize expects to keep growing and have five investors on its growth fund. Check out the 11-slide redacted pitch deck Energize used to raise the fund below:

Persons: generalists, John Tough, Energize, Caprock, Tough Organizations: Energize, Energize Ventures, Aurora, Bank Credit Suisse, Mercy Investment Services, Schneider Electric Locations: Chicago, Europe

☆ Lab crunch: British science has nowhere to go
▼ + stars: | 2023-06-20 | by ( Kate Holton | ) www.reuters.com time to read: +9 min

Property consultants Bidwells put demand for lab space in Cambridge at 1.19 million square feet (110,000 square metres) - but only 7,000 sq ft are available. That has led to an explosion in venture capital, with much of it coming from the United States. Michael Chen moved to Cambridge from the United States in 2012 to do a doctorate in chemistry. She leads a joint venture between Oxford University and Legal & General (LGEN.L) to build lab space and homes. Pioneer Group, which provides funding and lab space in Britain, said action was needed now to address the "crazy" demand.

Persons: Zoe, Toby Melville OXFORD, Ros Deegan, Catherine Elton, Bidwells, Elton, Deegan, Diarmuid O'Brien, Rishi Sunak's, Gordon Sanghera, Michael Chen, Artem Korolev, Anna Strongman, Strongman, Glenn Crocker, Alistair Cory, Qkine's Elton, Kate Holton, Toby Melville, David Clarke Organizations: University of Oxford, Science, REUTERS, European Union, Therapeutics, McKinsey, Oxford, Cambridge Enterprise, U.S, Oxford Nanopore Technologies, Reuters, Company, Cambridge, PACE, Laboratory, Oxford University, Legal, Thomson Locations: Kidlington, Oxford, Britain, England, Cambridge, United States, London, U.S, France, Boston, North America, Europe, Asia, China

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

LONDON, May 17 (Reuters) - Planisware is working with investment bankers on strategic options, including a stock market listing of the French software group, four people familiar with the matter told Reuters. Rothschild (ROTH.PA) is acting as financial adviser to Planisware, two of the people, who declined to be named, said. BNP Paribas (BNPP.PA) and Citigroup (C.N) have been lined up to arrange a possible initial public offering (IPO), one person added. Private equity group Ardian, which holds an undisclosed stake in Planisware through its growth capital arm, declined to comment. In France, IPO volumes plunged in 2022 to levels similar to the first year of the COVID-19 pandemic.

☆ HSBC top shareholder renews call for breaking up of bank
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: 1 min

HONG KONG, April 18 (Reuters) - Top shareholder of HSBC (HSBA.L) renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model challenges which has resulted in deterioration in its operating performance. Ping An Asset Management Company (Ping An AMC) said in a statement HSBC has "drained" its Asia unit of dividends and growth capital to support its relatively low-return non-Asia businesses. Over the past two years, Ping An AMC said it had shared numerous structural suggestions with HSBC management ranging from listing the HSBC Asia business in Hong Kong to consolidating Asia businesses. Reporting by Selena Li; Editing by Sumeet Chatterjee and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ 9 Middle Eastern funds and investors pouring money into US media, sports, and entertainment
▼ + stars: | 2023-04-03 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +9 min

Governments and investors in the Middle East are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
▼ + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +20 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.

☆ When Silicon Valley Bank imploded it took a $70 billion loan portfolio with it. Competitors are already stepping in to fill the gap.
▼ + stars: | 2023-03-14 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Silicon Valley Bank had more than $70 billion in credit lines on its books when it failed. He's one of many who now stand to benefit from the sudden disappearance of one of Silicon Valley's most reliable lenders. Venture debt, like a typical venture-capital investment, involves betting big on fledgling startups that may be far off from profitability. Another person in SVB's venture debt business said that employees are working hard to maintain "business as usual" so as to make SVB's loan portfolio more attractive to a potential buyer. An opportunity for the competitionNone of this has stopped other lenders from stepping up to try to win some of SVB's debt business.

☆ SVB's collapse could make it harder for climate startups to get the funding they need
▼ + stars: | 2023-03-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

SVB's was a leading provider of venture capital to climate startups. And according to ImpactAlpha, SVB was a leading provider of venture debt to climate startups. The move has stoked fears that climate startups will face a tougher road than many of them already do. The fallout has led to a network of climate startups, venture-capital firms, and other lenders to mobilize their resources and help blunt the impact, Impact Alpha reported. Climate tech has been a bright spot in the broader tech downturn, with venture-capital and private-equity funds raising $64 billion in the fiscal year that ended in November — more than double the previous year's total, according to an analysis by Climate Tech VC.

☆ Fabindia shelves $482 mln IPO due to rough market conditions
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Feb 27 (Reuters) - Apparel retailer Fabindia on Monday said it has withdrawn its 40 billion rupee ($482.4 million) initial public offering amid rough market conditions, becoming the latest company to scrap listing plans as interest rate worries pressure stock markets. "The decision to withdraw was taken as the current market conditions were not seen to be conducive for listing," a Fabindia spokesperson said in a statement. Fabindia had planned a fresh issue of shares worth 5 billion rupees and a sale of up to 25.1 million in existing shareholders' stock. The company may reconsider filing an IPO in the future, depending on its need for growth capital and the market conditions," the company said. Jewellery retailer Joyalukkas, e-commerce firm Snapdeal and wearable electronics company boAt have all pulled their IPOs due to uncertain market conditions.

☆ Private-Equity Firms Snap Up Data Centers as Cloud Demand Soars
▼ + stars: | 2023-02-23 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

Private-equity firms bought data centers in near-record numbers last year, defying a broad deal-making slowdown in a bid to capture ever-growing demand for data storage and cloud computing. Data centers are warehouse-sized facilities that lease space in networks of computer servers to customers ranging from individual businesses to giant cloud-computing providers. As the underlying infrastructure for cloud-based digital tools, data centers support everything from video streaming and online gaming to workplace and remote work enterprise software, 5G networks and Internet-of-Things systems. In December, DigitalBridge Group Inc., a Boca Raton, Fla., private-equity firm, and investment services firm IFM Investors closed an $11 billion acquisition of Dallas-based data-center operator Switch Inc. “Large private-equity investors are clearly attracted to the continued robust take-up of data-center space by large hyperscale and social-media companies,” Mr. Lynch said.

☆ Check out the 11-slide pitch deck Moonfare, a startup that lets high-net-worth individuals invest in private equity funds, used to raise a $15 million extension
▼ + stars: | 2023-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

German fintech Moonfare has raised $15 million in its second extension to its Series C round. We got an exclusive look at the 11-slide pitch deck Moonfare used to raise the fresh cash. Moonfare, a startup that grants access to private equity for retail investors, has raised $15 million in fresh funds. Moonfare raised $125 million in a Series C round in November from Shopify and Twitter-backer Insight Partners. Now, it has added another $15 million in an extension round led by from 7 Global Capital (7GC).

☆ Crypto news site CoinDesk hires banker to explore potential sale
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

Jan 18 (Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd (LAZ.N) to lead the process, the media company's chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.

☆ Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
▼ + stars: | 2023-01-18 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Crypto trade publication CoinDesk is exploring a potential sale, hiring advisors at Lazard to weigh a move that would remove it from Barry Silbert's Digital Currency Group. The Wall Street Journal was first to report on the media company's hiring of Lazard. That reporting sparked a downward spiral at crypto exchange FTX, ultimately leading to the collapse of the company in November, the arrest of Bankman-Fried and multiple regulatory probes. Genesis is also the subject of a Securities and Exchange Commission charge alongside crypto exchange Gemini. Worth said Lazard will help CoinDesk "explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale."

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