Quartz acquired by Uzabase
Business media company Quartz has been acquired by Japanese business information provider Uzabase. The final transaction amount is contingent on Quartz’s financial performance through the remainder of the year but the deal is valued at $75M on the low side and up to $110M on the higher end. “As we move into our next chapter, Uzabase is the perfect partner to create a truly global business media company spanning from Tokyo to New York. There is a striking overlap in the official values of Uzabase and Quartz, which include the importance of boldness and creativity, genuinely putting users first, being globally minded, and doing everything with a spirit of generosity,” said Quartz Founding editor-in-chief Kevin J. Delaney and publisher Jay Lauf.
Investors in the acquired company: Undisclosed
Total funding raised: Undisclosed
Full coverage: Quartz To Be Acquired by Uzabase For Between $75M-$110M
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