APN drops $A34m on failed online shopping deal

APN News & Media, owner of the New Zealand Herald, has dropped $A34 million in just 18 months on an Australian internet shopping venture that failed.

The Sydney-based company has sold the online shopping club brandsExclusive for $A2 million and equity in the buyer just 18 months after the

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NBR Staff
Wed, 12 Feb 2014

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