Adani Group Also bought one more News Company.

The media division of Adani Enterprises, AMG Media Networks (AMG Media), acquired a 49% share in Quintillion Business Media, which runs the business news website BloombergQuint.

The transaction's value has not been made public.

Quint Business Media and Bloomberg joined together to become BloombergQuint in 2016.

Quintillion Media was established in 2014 as a digital media business by husband and wife Raghav Bahal and Ritu Kapoor.

Bloomberg Media announced its intention to end its joint venture with Quintillion in March of this year. Bloomberg said that it would no longer co-produce content and instead distribute it in India under a licence.

Quint Digital Media's subsidiary Quintillion Business Media, which owns BQ Prime. The agreement won't cover additional Quint Digital, such as Quint, Quintype Technologies, the News Minute and Youth Ki Awaaz.

Source: law.asia 

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