Transaction

Transaction Details

Closed
July 31, 2018

Sector

Digital Media, Digital Media and Media

Deal Type

Mergers and Acquisitions

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GCA Advises Uzabase on Its Acquisition of Quartz Media

We are pleased to announce that our client, business intelligence and media company Uzabase Inc. (TSE: 3966), has acquired a 100% stake in Quartz Media LLC., a global business news platform.

Tokyo-based Uzabase provides business news and intelligence platforms to support its corporate customers’ business decisions. The company operates SPEEDA, a comprehensive financial business-intelligence service and NewsPicks, a subscription economic and business news platform.

Quartz, founded by the Atlantic Media Group in 2012 and based in New York, is an award-winning, digitally native business news outlet. Led by a team of experienced journalism and technology professionals, Quartz has earned high acclaim as a premier digital media brand that successfully combines innovative mobile technology offerings – such as apps, bots, messaging, and charts – with best-in-class news reporting.

The acquisition is expected to create a larger, robust global business news brand that combines Quartz’s international reach and its voice, editorial, advertising and product expertise with Uzabase’s deep expertise in data and niche paid content.

Uzabase’s Chief Executive Officer and President, Yusuke Umeda, said: “Quartz played a big role in inspiring me to launch NewsPicks. I am very excited to enter the next chapter of NewsPicks’ growth with a company and team that I respect so much.”

GCA acted as exclusive financial advisor to Uzabase in connection with this transaction.

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