Japanese media company buys Quartz

Tokyo/New York, 2nd July: Tokyo-based media company, Uzabase, has announced its plans to acquire Quartz for between US$75 million and US$110 million, depending on Quartz’s financial performance in 2018.

Founding editor-in-chief Kevin J. Delaney and publisher Jay Lauf will be co-CEOs of Quartz, reporting to Yusuke Umeda, one of Uzabase’s founders. According to management, the sale of Quartz will enable the company to expand its global footprint.