Courtesy of Charles Hoskinson’s Twitter
Charles Hoskinson, the founder of Cardano has dropped a notable hint, implying that he just might be interested in purchasing the popular Cable news channel CNN.
Charles Hoskinson was previously speculated to have shown interest in purchasing another leading news outlet Coindesk.
The founder of Cardano might be on his way to acquiring one of the world’s leading media outlets. The Cardano boss has kept the market talking, after his recent comments hinted that something serious might be in the works.
Charles Hoskinson, the CEO of Cardano, has recently responded to speculations that he is soon to acquire the Cable News Network, popularly known as CNN.
In a recent tweet, entrepreneur Ross Calvin, who is also followed by Hoskinson on Twitter, claimed that Charles Hoskinson was working towards purchasing the CNN network.
Ross Calvin further posed an interesting question in the tweet, asking if the Billionaire and founder of SpaceX, Elon Musk, would be willing to partake in Hoskinson’s plans.
Although Musk is yet to respond to the tweet, Hoskinson went ahead to reply, saying he could neither confirm nor deny the user’s claims.
Twitter users have responded to the tweet, asking if it was satire. Hoskinson did not give any response on whether it was or wasn’t a joke, but he proceeded to like a tweet from a user, asking if his comment was actually satire. This could imply that the tweets are not to be taken seriously, at least for now.
Others have also jokingly noted that if Hoskinson were to purchase any news outlet, it would be “Crypto Network News” as the Cardano boss is more affiliated with Crypto than the traditional market.
Can Hoskinson and Musk really purchase CNN?
CNN is a 24-hour cable network, founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld. According to data from networthplanet, CNN is currently valued at $6 billion, with revenue per year on YouTube hitting $10.24 million.
According to Forbes, Charles Hoskinson’s net worth was estimated to be capped at around $500m–$600m in 2018. With support from Elon Musk, who is currently valued at $190.8 billion, it might be possible for Hoskinson to acquire CNN if he’s actually interested in pushing through with his plans.
The comments are coming not long after the market claimed that Charles Hoskinson affirmed that he was in fact interested in acquiring Coindesk.
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Coindesk is a major news website focused on covering stories relating to digital assets. The website was founded by Shakil Khan and was later acquired by Digital Currency Group.
It was reported in January that Coindesk was considering selling its platform. The media outlet was said to have enlisted the services of the Lazard investment bank to help it weigh its selling options in the market. Hoskinson would later reveal that Coindesk’s asking price of $200 million was significantly high.
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