NZME pours resources into Stuff pursuit

Tue, 25 Feb 2020

NZME ratcheted up spending in calendar 2019 on its pursuit of ailing rival Stuff, and said it’s actively engaged with the government about taking on a Kiwi Share obligation.The media company was previously knocked back by the Commerce Commission, the High Court and Appeal Court in its attempt to buy the Stuff's assets because of fears the enlarged entity would have too much soft power.Things went quiet for a time, but the deal has been revived and those lobbying efforts have successfully won the backing of New Zealand First, with a Kiwi Share o...

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