Japan, 9th November: Uzabase, a Japanese media company, announced plans to sell Quartz, U.S.-based online business news publisher, to its co-founder and editor-in-chief for an undisclosed amount.

Uzabase bought Quartz from Atlantic Media in 2018 in a deal valued at approximately US$110 million. Quartz’s operations were hard hit by the ongoing coronavirus pandemic. The company laid off about 80 employees earlier this year. According to media reports, Quartz had 188 staff at the end of last year.