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Announced

Zach Seward and Katherine Bell to acquire Quartz from Uzabase.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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news

Pending

business news

Majority

Friendly

United States

Acquisition

Private

Mbo

Media Agencies

Domestic

Synopsis

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Zach Seward, Quartz Co-Founder and CEO, and Katherine Bell, Quartz editor-in-chief, agreed to acquire Quartz, an online news website, from Uzabase, an online financial data service provider. Financial terms were not disclosed. “Quartz’s mission is to make business better. We want Quartz to be an ally and resource to our readers in developing new and better ways of doing business. This is an exciting moment for our own business, as we become an independent media company again. I’m thrilled to be taking this step after helping to build Quartz, with so many others, over the past eight years,” Zach Seward, Quartz Co-Founder and CEO.

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