Japan’s Uzabase sells Quartz news site to co-founder, editor-in-chief

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 sale by Uzabase, which bought Quartz from Atlantic Media in 2018 in a move to boost business overseas, comes after Quartz operations suffered from the economic fallout of the coronavirus pandemic.

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