Japan's media firm Uzabase sells Quartz to co-founder, editor-in-chief

Japan's media firm Uzabase sells Quartz to co-founder, editor-in-chief

REUTERS/Yuriko Nakao

Japanese media company Uzabase Inc is selling loss-making U.S.-based online business news publisher Quartz to its co-founder and editor-in-chief nearly two and a half years after Uzabase bought the site in a deal valued at up to $110 million.

Terms of the sale, which was confirmed by Quartz on Monday and takes immediate effect, were not disclosed. The news was reported earlier by The Wall Street Journal.

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