Telecom sells Yahoo!Xtra stake to partner

Telecom Corp of New Zealand has sold its 49% stake in Yahoo!Xtra, New Zealand's largest web portal, to Yahoo!7, and the business is being renamed Yahoo! New Zealand.

Yahoo!7 is a partnership between the Australian media company Seven Network and Yahoo! Inc. It previously owned 51% of Yahoo!Xtra.

The price of buying out Telecom was not disclosed. Yahoo! New Zealand will continue to deliver services to Telecom's customers.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER