UZABASE AGREES TO BUY QUARTZ FOR $75-110 MN

Business Today - - THE BUZZ -

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.

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