Adani makes foray into media business with Quintillion stake

Also, Bloomberg Media and Quintillion Media will no longer co-produce content but will continue to distribute Bloomberg content in India through a license agreement

Quint Digital Media Limited, a digital media group, announced on Tuesday that it has entered into a binding term sheet with the Adani Group.

Adani Group will acquire a minority stake in Quintillion Business Media Private Limited.

"The proposed transaction with the Adani Group is only for QBM which is a digital business news platform and not in relation to other digital media/ media tech properties owned by Quint Digital viz. The Quint, Quintype Technologies, thenewsminute and Youthkiawaaz," said Quint Digital in a stock exchange filing without quantifying the stake Adani was taking.

“Adani Media Ventures intends to lead the path