Other Private Equity/Strategic Investments
Adani arm to acquire minority stake in Quint Business Media; Bloomberg exits JV
New Delhi-based, publicly-listed Quint Digital Media Ltd is to divest a minority stake in Quintillion Business Media Pvt Ltd (QBM), an indirect subsidiary, to Adani Media Ventures. The proposed transaction covers only QBM, which is a digital business news platform, and not other digital media/ media tech properties owned by Quint Digital, viz. The Quint, Quintype Technologies, thenewsminute and Youthkiawaaz. QBM operates a business news digital platform. Its main content is based on the Indian economy, international finance, corporate law & governance and business news through its platform Bloomberg Quint. It has a subsisting content agreement with Bloomberg Television Production Services India Pvt Ltd. Bloomberg Media and QBM are now ending their JV in favour of a new content licence agreement.
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