NZX selling off online media business

Last updated 15:35 24/01/2014

Relevant offers

Industries

Strongline Buildings in liquidation Goodman Property sells Chch site More Spark job cuts may come Fletcher Building plans Auckland development Migration boom hits record high Visitor arrival numbers rise Crane collapses at Lyttelton Port Home detention after fax mag scam Consumer confidence could boost retailers Cementing China connection

NZX will sell its online media business NewsRoom to Auckland-based Sublime Group, for an undisclosed sum.

The move follows a strategic view of options for the business.

NewsRoom began publishing in 1996 and was bought by NZX in 2007. It sells news feeds to companies, law and accounting firms and government departments.

NZX said the sale would take effect on Friday next week.

Auckland-based Sublime Group provides services to automate manual business processes.

NZX said the sale would not have a material impact on NZX's financial results.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content