UZABASE AGREES TO BUY QUARTZ FOR $75-110 MN

Japanese media company Uzabase Inc. has agreed to buy business news website Quartz from Atlantic Media of the US in a deal valued at $75-110 million as it looks to accelerate its overseas expansion. The value of the deal will depend on Quartz reaching financial targets. Uzabase owns news aggregator NewsPicks, which presents links to the day’s top stories from major media outlets.