Atlantic Media is selling Quartz to Japan’s Uzabase for up to $110M

The digital media company founded in 2012 will now be part of a publicly traded Japanese firm. Atlantic Media has agreed to sell its business-and-tech news outlet Quartz to publicly traded Japanese firm Uzabase, in a deal worth between $75 million and $110 million. The deal is set to close within the next 30 days. In an open letter to employees and readers, Quartz leadership said its work will remain largely unchanged, with current leadership and office locations remaining intact. Quartz co-president and editor-in-chief Kevin J. Delaney and co-president and publisher Jay Lauf–who will now become co-CEOs of Quartz–also said the company is on track to boost ad revenue by up to 35% over last year.Read Full Story Continue reading at 'Fast Company'

[ Fast Company | 2018-07-02 00:00:00 UTC ]
News tagged with: #deal worth #atlantic media #$75 million #open letter

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Atlantic Media is selling Quartz to Japan’s Uzabase for up to $110M

The digital media company founded in 2012 will now be part of a publicly traded Japanese firm. Atlantic Media has agreed to sell its business-and-tech news outlet Quartz to publicly traded Japanese firm Uzabase, in a deal worth between $75 million and $110 million. The deal is set to close... Continue reading at Fast Company

[ Fast Company | 2018-07-02 00:00:00 UTC ]
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Atlantic Media takes a page from Quartz with Defense One

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G/O Media Is Suing Paste Media 1 Year After Selling It Jezebel

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G/O Media Is Suing Paste Media a Year After Selling It Jezebel

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The Atlantic and Vox Media made their own deal with the AI Devil

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Nigel Roby Sells the UK’s ‘The Bookseller’ to Stage Media Company

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Bobit Business Media Sells Automotive Aftermarket Division

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F+W Media Files Chapter 11, Will Sell Assets

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