https://www.nzx.com/announcements/342538
Key takeaway--- NZR to be given 5% stake...
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https://www.nzx.com/announcements/342538
Key takeaway--- NZR to be given 5% stake...
5% share is bugger all, especially given the trajectory of the share price and no dividend, so must've still been a huge amount of cash.
I think you guys miss the point.
By NZR becoming a large shareholder of Sky, it is a strong indication of an ongoing partnership.
Makes it harder for Spark or Amazon to get the rights in the future when NZR is already an owner of a sports broadcasters.
As much as I don’t particularly like issuing undervalued shares, this is actually quite a smart move imo.
Will they be in trading halt until after the meeting?
Great partnership for Sky....def the way forward in the sports lights battle. Regardless of what others think, the new CEO is using the right thinking for a business such as Sky which is facing headwinds. This is a great outcome.
It's a lifeline for Sky,not so sure its a good deal for NZ rugby if Sky go belly up