MessageMedia price disclosed

New Zealand Post holds a 20% stake in the business and announced earlier this week that it is planning to buy the rest of the company from eVentures.

eVentures says the sale is subject to the satisfactory completion of due diligence.

Sky TV founder Craig Heatley is a majority owner of eVentures, which brought the MessageMedia business to New Zealand.

Last year eVentures raised $59 million in its market float and at the end of December the company had $55 million.

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