Gautam Adani's AMG Media Networks is buying a 49% stake in Quintillion Business Media for an undisclosed sum, according to a regulatory filing with the National Stock Exchange. Quintillion Business Media runs the news platform Bloomberg Quint, now called BQ Prime.
Quint Digital Media Ltd confirmed the proposed deal. “We would like to inform you that pursuant to the Memorandum of Understanding dated March 1, 2022, the Company and its material subsidiaries Quintillion Media Limited and Quintillion Business Media Ltd have signed definite agreements with AMG Media Networks Limited, a wholly-owned subsidiary of Adani Enterprises Limited, to conclude the divestment of 49% stake in Quintillion Business Media Ltd,” the company said in a separate regulatory filing according to the Mint.
