Japanese owner puts Quartz up for sale
Online business news site Quartz has been put up for sale just over two years after it was acquired by a Japanese financial intelligence and media company, reports Lukas Alpert and Benjamin Mullin of The Wall Street Journal. Alpert and Mullin report, “The company, Uzabase Inc., agreed to purchase Quartz in mid-2018 in a cash-and-stock deal that could have been worth as […]
RedVentures to acquire CNET for $500 million
ViacomCBS Inc. is close to selling CNET Media Group to Red Ventures LLC, according to people familiar with the matter, for $500 million, reports Benjamin Mullin of The Wall Street Journal. Mullin writes, “Red Ventures, a media and technology company, is expected to pay about $500 million to acquire the network of websites, which includes CNET, […]
How Reuters has been covering the TikTok deal story
Reuters deals reporter Echo Wang gave a behind-the-scenes look at how the M&A team has been covering the story of TikTok’s sale of its U.S. operations. Here is an excerpt: Q: What were some of the big wins covering the story? A: Lately, we were the first to report that President Trump would give ByteDance 45 days to negotiate a sale […]
Bloomberg News hires WSJ reporter Roof for deals team
Wall Street Journal reporter Katie Roof has been hired by Bloomberg News. She started on Monday on the deals team covering venture capital-backed technology deals. Roof will remain based in San Francisco. U.S. deals team leader Liana Baker wrote, “Katie Roof will be starting today in San Francisco (remotely!) to cover venture capital dealmaking. She joins the […]
Bloomberg News parent would be sold if owner becomes president
Michael Bloomberg will sell Bloomberg LP, the financial-data and media company he co-founded nearly 40 years ago, if he is elected president, reports Wall Street Journal reporters Lukas I. Alpert and Tarini Parti. Alpert and Parti report, “Mr. Bloomberg owns roughly 90% of the closely held data and media company he co-founded in 1981. According to Burton-Taylor […]
MediaNews Group acquires Minnesota newspapers
MediaNews Group, owner of the St. Paul Pioneer Press, has bought assets of Red Wing Publishing/Big Fish Works, according to reports. The agreement encompasses a number of weekly newspapers including the Lakeshore Weekly News, the Chanhassen Villager, Chaska Herald, Eden Prairie News, Jordan Independent, Shakopee Valley News, Prior Lake American and the Savage Pacer. These […]
ViacomCBS weighing options for CNET
ViacomCBS Inc. is weighing options for CNET after receiving takeover interest in the tech product review site, reports Ed Hammond and Nabila Ahmed. Hammond and Ahmed report, “A number of potential suitors contacted ViacomCBS about the unit after Chief Executive Officer Bob Bakish said he’s looking to offload non-core assets following a merger with CBS Corp. last […]
Activist Insight hires Booth as senior financial journalist
Jason Booth has joined Activist Insight as a senior financial journalist. He will be based in New York. Booth joins a team of five journalists and will be covering all the information service’s platforms, including daily news, in-depth articles, special reports, and activism vulnerability reports based on the organization’s proprietary data. Booth brings more than […]
Yahoo Finance reporter Hu joins Reuters deals team
Reuters has expanded its deals team in New York by hiring Krystal Hu to the team. There, Hu will be covering mergers and acquisitions in the technology, media and telecommunications sectors. Before joining Reuters, Hu was working at Yahoo Finance where she reported on technology for the last two years, breaking major stories on some […]
News Corp. set to sell video advertising platform Unruly
According to Sky News, News Corp., owner of Dow Jones & Co., has negotiated a provisional deal with Tremor International, a London-listed ad technology company, to sell the advertising platform Unruly, which the company initially bought in 2015. The transaction is expected to be announced to the stock market and will see News Corp. selling […]
