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Crypto news site Cointelegraph seeks buyer after web traffic plunges

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Cryptocurrency media company Cointelegraph, famous for its use of cartoon-like characterizations to illustrate the news, is looking for a buyer, according to a person familiar with the matter.

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Summary

Cointelegraph’s fortunes were heavily impacted by Google. Cointelegraph was last acquired back in July 2022 by Luna Media Corporation to fund its global and regional expansions. The amount of money the crypto media firm has been shopping itself for was not revealed by the source, who spoke on the condition of anonymity as the matter is private. A prolonged period of depressed, flat crypto prices had led user attention to shift away from crypto news, adversely affecting several digital asset newsrooms.

Read full article at CoinDesk →

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