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Cardano Co-founder Responds to Twitter Speculation on Plans to Acquire CNN

On February 25, the cofounder of Cardano, Charles Hoskinson, responded to a tweet from a crypto fan concerning the acquisition of the international media company CNN. According to Ross Calvin’s tweet, he claimed that Hoskinson planned to establish a new venture in the bid to acquire CNN. In his tweet, Hoskinson failed to reveal his intention to purchase CNN.

Cardano Cofounder Reacts to Speculation from Twitter Community

On February 24, a Cardano fan Ross Calvin disclosed that Hoskinson was set to launch a new joint startup to acquire the famous media company CNN. In response to Calvin’s remarks, Hoskinson failed to confirm or deny the criticism but remained optimistic. He argued that if Calvin’s proposal yielded results, it would create a better opportunity for the crypto sector to thrive.

Hoskinson’s February 24 response created a heated debate among the crypto community, who were more concerned about the sale of CNN. 

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In January, Hoskinson experienced a similar controversy concerning acquiring a popular news site, CoinDesk. In January, Hoskinson revealed plans to acquire CoinDesk to improve the news and community website. The community criticized his move, arguing that CoinDesk was expensive for him to afford.

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Is CNN on Sale?

Calvin’s speculation mirrors a report captured by the Vanity Fair concerning the sale plan for CNN. Previously, CNN witnessed the division of staff triggered by the top executives’ competing interests in 2021.

The race to dominate the global news industry challenged the CNN to strike a business deal with Warner Bros in 2022 to reorganize the channel. In the meantime, the CNN case remains unclear until the management shares an official communication concerning the sale.


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Kimberly Crain

Kimberly Crain is a seasoned crypto trader and writer, offering valuable insights into the digital asset market. With expertise in trading strategies and a passion for blockchain technology, her concise and informative articles empower readers to navigate the evolving world of cryptocurrencies.

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