• What the Quartz Sale Means for the Future of Media

    4 monthes ago - By Fortune

    Media site Quartz is being acquired by Uzabase, a publicly listed Japanese media company looking to increase its global reach.
    Uzabase, which was founded by two former UBS investment bankers and a tech consultant, will pay between $75 million and $110 million in cash and stock, depending on Quartz's financial performance for the remainder of 2018. The deal is expected to close in the next 30 days.
    Last year, Quartz booked $28 million in revenue and is on pace to increase revenue by as much as 35% in 2018, according to The Wall Street Journal. The Japanese company is "turning to Quartz to...
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  • Term Sheet - Monday, July 2

    4 monthes ago - By Fortune

    MEDIA $$$ Good morning, Term Sheet readers.
    Media site Quartz is being acquired by Uzabase, a publicly-listed Japanese media company looking to increase its global reach.
    Uzabase, which was founded by two former UBS investment bankers and a tech consultant, will pay between $75 million and $110 million in cash and stock, depending on Quartz's financial performance for the remainder of 2018. The deal is expected to close in the next 30 days.
    Last year, Quartz booked $28 million in revenue and is on pace to increase revenue by as much as 35% in 2018, according to The Wall Street Journal. The...
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  • Coca-Cola historian drives off to new job at Ford Motor Co

    Coca-Cola historian drives off to new job at Ford Motor Co

    4 monthes ago - By Biz Journals

    A historian who spent 21 years working for The Coca-Cola Co. has driven off to Detroit to take a new post with Ford Motor Co.
    The Detroit Free Press reports that Ted Ryan, an Atlanta native, has in recent weeks joined Ford where he will organize, disseminate and preserve the history of the company.
    "Ryan has earned a global reputation, and he is a past chairman of the business archives section of the Society of American Archivists," the paper reports. "Prior to Coca-Cola, he held roles at the...
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  • New media company Quartz sold to Japanese firm in deal worth up to $110M

    4 monthes ago - By Tech Crunch

    Quartz , the business and tech news organization launched owned by Atlantic Media, is moving to a new home after publicly listed Japanese business Uzabase acquired it in a deal worth up to $110 million.
    The deal is expected to close within a month. Quartz said it won't be making layoffs and it will maintain its brand and existing editorial leadership team. Co-president and editor-in-chief Kevin Delaney and co-president and publisher Jay Lauf will become Quartz co-CEOs reporting to Uzabase and founder and CEO Yusuke Umeda.
    The deal forms part of Atlantic Media chairman and owner David...
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  • Coca-Cola, Southern Co. movers in Georgia's top public companies list

    Coca-Cola, Southern Co. movers in Georgia's top public companies list

    4 monthes ago - By Biz Journals

    Coca-Cola Co. and Southern Co. appear headed in opposite directions in terms of revenue.
    The most recent list released by Atlanta Business Chronicle looking at Georgia's top 50 public companies, shows some movement in the top five after large changes in revenue by both The Coca-Cola Co. and The Southern Co. in 2017.
    Coca-Cola still sits firmly in the top five, but fell one spot to fourth behind Delta Air Lines Inc. after registering $35.4 billion in revenue in...
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