Is Cardano Founder Charles Hoskinson Really Buying Warner Bros Discovery’s CNN?
Cardano founder Charles Hoskinson on Saturday has again sparked a discussion in the crypto community after he replied to a tweet that he is starting a joint venture to buy a news outlet. Hoskinson earlier showed interest in buying Digital Currency Group’s CoinDesk crypto news outlet.
Charles Hoskinson on February 25 replied to a tweet by Denver, Colorado-based entrepreneur Ross Calvin that Cardano founder is starting a joint venture to buy news company CNN. He also tagged Elon Musk in the tweet speculating whether he is or looking to be in the deal. Musk hasn’t responded to the speculation.
Cardano founder Charles Hoskinson replied that he can’t confirm or deny what Ross Calvin posted on Twitter. Interestingly, Hoskinson also lives in Colorado and often mentions it in his live streams.
I can't confirm or deny https://t.co/akBucrsPgp
— Charles Hoskinson (@IOHK_Charles) February 25, 2023
While Warner Bros. Discovery-owned CNN has been in the news for changes in ownership since 2018. The news out just came under the ownership of Warner Bros. Discovery last year. Therefore, Charles Hoskinson buying CNN is just a rumor.
Charles Hoskinson’s Intertest in Buying CoinDesk
In January, Cardano founder Charles Hoskinson showed interest in buying crypto news outlet CoinDesk during DCG’s liquidity issues and bankruptcy of subsidiary Genesis Capital. CoinDesk revealed that it hired financial advisers at Lazard to explore options, including a partial or full sale of the news outlet.
Hoskinson said he wants to overhaul it into a mix of a news and community site. However, he believed the $200 million asking price by CoinDesk is a bit overpriced.
Therefore, a CNN buyout by Cardano founder Charles Hoskinson, if possible, is difficult under the current conditions in the crypto market. However, if speculation is considered, Charles Hoskinson is likely pointing to CoinDesk buyout, not CNN.
Also Read: Bitcoin (BTC) Quickly Losing Support Range; Price At $21K Next?
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
