Original article by Lilly Vitorovich
The Australian – Page: 15 : 20-May-20
The High Court of New Zealand has rejected NZME’s application for an interim injunction to retain an exclusive negotiation period with Nine Entertainment regarding a deal to buy Stuff Limited. NZME has in turn withdrawn its application to the NZ Commerce Commission to approve the deal. Nine is said to be in talks with other potential buyers of Stuff, whose mastheads include the ‘Dominion Post’. NZME had proposed to buy Stuff for just $NZ1 ($0.93).
NZME LIMITED – ASX NZM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STUFF LIMITED, HIGH COURT OF NEW ZEALAND, NEW ZEALAND. COMMERCE COMMISSION