'At risk' Stuff in talks with mystery bidder, judge reveals

Thu, 21 May 2020

News publisher Stuff has received a takeover offer from a mystery bidder and could suffer “very significant losses” if it doesn’t wrap up a deal by May 31, a High Court judge has ruled in her refusal of an attempt to stop negotiations by rival NZME. NZME sought an interim injunction against Stuff's owner, Sydney-based Nine Entertainment, last Friday, which was refused on Monday. "Granting the interim orders sought by NZME may increase the risk of Stuff ceasing operations," Justice Sarah Katz says in her ruling. “Quite simply, from Nine...

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