Original article by Max Mason
The Australian Financial Review – Page: 14 : 8-Dec-15

Australian-listed Fairfax Media has paid an undisclosed price for a 25 per cent stake in Nabo, a neighbourhood-based social media network that was founded in November 2014. Seven West Media and venture capital group Reinventure were both among the initial investors in Nabo, and each have a 25 per cent stake in the venture. Fairfax has previously invested in a similar New Zealand social media network called Neighbourly.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NABO COMMUNITY, SEVEN WEST MEDIA LIMITED – ASX SWM, REINVENTURE GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, NEIGHBOURLY, NEXTDOOR.COM INCORPORATED, LIVINGSOCIAL