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BUSINESS

Stuff CEO buys media firm for NZ$1

Business, AFP, Published on 26/05/2020

» WELLINGTON: Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1 (US$0.61), the group's Australian owners Nine Entertainment Co Holdings Limited announced on Monday.

BUSINESS

Facebook shares dip below IPO price

AFP, Published on 21/05/2012

» Facebook shares plunged almost 12 percent below their IPO price in early trade Monday, as early buyers sought to cut losses during the stock's first full day of trade.