Japan’s Uzabase to buy news site Quartz from Atlantic Media in up to $100m deal

Tokyo. Photo by Riccardo Chiarini on Unsplash

Japanese media company Uzabase Inc on Monday said it is has agreed to buy business news website Quartz from U.S. peer Atlantic Media in a deal valued at $75 million to $110 million.

The value of the deal will depend on Quartz reaching financial targets, Uzabase said in a statement.

The purchase will accelerate an overseas push by Uzabase, owner of popular Japanese news aggregator NewsPicks, which selects the day’s top stories and allows comments from users which include well-known chief executives.

NewsPicks launched a U.S. version of its website last year as a joint venture with Dow Jones, a subsidiary of News Corp . NewsPicks’ English-language business will in future be run by Quartz, Uzabase said.

Quartz has grown rapidly since its founding in 2012 by tapping into an international and mobile-savvy audience with bite-size business stories. Over 20 million people access Quartz each month, with half its audience outside the U.S.

The overseas expansion is the latest by a Japanese media company. In 2015, Japanese media group Nikkei agreed to buy Britain’s Financial Times for $1.3 billion.

Also Read:

Japan: Curated news firm Uzabase targets listing at $177m market cap

Japan’s Ookami closes Series A round from IMJ, GREE Ventures, others

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.