Source: NZX
NZX has agreed to sell its online news business NewsRoom to Sublime Group following a strategic review of options for the business.
NewsRoom began publishing in 1996 and was purchased by NZX in 2007. Its news feeds serve New Zealand's top legal and accounting firms, large corporations, government departments, and parliamentary offices.
The sale of NewsRoom to Sublime Group with effect from 31 January 2014 is being managed to ensure that NewsRoom's customers continue to receive seamless services and it remains business-as-usual.
The sale of NewsRoom will not have a material impact on NZX's results or financial position.