NZME offers to buy New Zealand media rival Stuff for $1

Stuff reacts to stock exchange statement with surprise, saying there would be no transaction

New Zealand’s biggest media company, NZME, has offered to buy media rival Stuff for $NZ1 in a reboot of the “StuffMe” merger.

In a statement to the New Zealand stock exchange on Monday morning, NZME announced its proposal to acquire Stuff, owned by Australian media company Nine.

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from The Guardian https://ift.tt/2WFqRoq
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