Transaction Details

July 4, 2018
Tokyo, New York

Sector

Digital Media and Media

Deal Type

M&A

Deal Value

N/D

Deal Team

Akikazu Ida, Ritsuko Nonomiya, John Lambros, Shinjiro Uchida, Keiichi Sakai, Shinya Ono, Shigeru Kurosawa, Rip Furness

GCA advised Uzabase on the aquisition of Quartz Media

GCA has advised business intelligence and media company Uzabase Inc. (TSE: 3966) on its acquisition of 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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