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BRIEF- Uzabase unit announces business alliance with Dow Jones & Company in U.S.
May 22, 2017 / 2:55 AM / 4 months ago

BRIEF- Uzabase unit announces business alliance with Dow Jones & Company in U.S.

May 22(Reuters) - Uzabase Inc

* Says its unit NewsPicks Inc plans a business alliance through a joint venture NewsPicks USA, LLC, with U.S.-based firm Dow Jones & Company, Inc., in New York

* Says the two companies will cooperate on development of U.S. version NewsPicks and provision of service through this JV

* Says the two companies holds a 50 percent stake in the JV respectively

* Says capital of this JV will be increased to $3 million in May, and business will start from June 1

Source text in Japanese:goo.gl/UtLpM7

Further company coverage: (Beijing Headline News)

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