Bloomberg ends its joint venture in India
Bloomberg Media and Quintillion Media announced the restructuring of their partnership in India, ending their joint venture on a media company.
Business Today reports, “Launched in 2017, the site combined Bloomberg’s business and financial news and data, with Quintillion Media in the Indian market and digital news delivery “to provide high quality business news, insights and trends for India’s audiences,” said an official statement.
“‘We have valued our relationship with the Quintillion Media team. While we have mutually decided to shift the focus of our work together, Bloomberg Media remains committed to our presence in India and look forward to a continued relationship with Quint,’ M. Scott Havens, CEO, Bloomberg Media said.
“Further, Raghav Bahl, co-founder, Quintillion Media, said, ‘Our joint venture with Bloomberg Media was the embodiment of resilient energy. Our digital-only premium subscription product has quickly become the market leader. Even as our terms of engagement with Bloomberg Media have changed, we look forward to imparting a new energy and spirit to the new website.'”
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