Acquisitions · Digital media
Uzabase buys business news site Quartz from Atlantic Media
- Buyer
- Uzabase (Tokyo)
- Target
- Quartz, New York, New York
- Value
- $75M–$110M (performance-based)
- Status
- Completed in 2018.
- Date
- 2018-07-02
Uzabase, the Japanese business information company behind NewsPicks, bought Quartz, the New York-based business news site, from Atlantic Media. The price was $75 million to $110 million, depending on performance.
Why it matters
The purchase gave Uzabase an English-language news brand with a global audience to grow its media business outside Japan.
Sources
Kakehashi M&A News home
