NZX sells NewsRoom to Sublime Group for undisclosed sum

Thu, 23 Jan 2014

Jan. 24 (BusinessDesk) - NZX, the stock exchange operator, has agreed to sell its online news unit NewsRoom to Sublime Group for an undisclosed sum, after undertaking a strategic review of options for the business. The sale will take effect from the end of the month and won’t have a material impact on NZX’s results or financial position, the Wellington-based company said in a statement. NZX bought NewsRoom in 2007 for $1.18 million, and started reviewing the unit’s future with the stock market operator last year. Auckland-based Sublime auto...

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