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Is Cardano Founder Charles Hoskinson Really Buying 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.

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.