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 much as $110 million based on whether the site hit certain financial goals. Uzabase ultimately only paid about $86 million.
“The economic fallout from the coronavirus pandemic has also pushed Uzabase to seek an exit from the business, some of the people said.
“Many digital-media companies have been working to cut costs and preserve capital, and the market for raising funds is tight, so it may prove challenging to find a buyer at an attractive price, one of the people said.”
Read more here.
The Wall Street Journal is looking for an editor to lead its coverage of logistics…
The Wall Street Journal seeks an enterprising and ambitious reporter to cover the intersection of…
The Wall Street Journal is seeking a reporter in Washington, DC, to chronicle one of…
Reuters has hired Wall Street Journal reporter Anna Hirtenstein. She will start next month. Hirtenstein has…
Caroline Gage, head of the Americas for Bloomberg News, sent the following announcement to staff:…
Forbes senior editor Amy Feldman is now covering health care. She had been covering industrial innovation and…