F.Y.I.

Fairfax Media buy’s TenderLink.com

December 13, 2010 11:08

Fairfax Media has acquired tender notification service provider TenderLink.com.

The announcement:

Sydney, December 13, 2010 – Fairfax Media Limited (FXJ:AU) announced today the acquisition of the southern hemisphere’s largest tender notification service provider,

TenderLink.com for a maximum consideration of NZ$21.6 million.

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2 COMMENTS

Sydney Wiradjuri 13 Dec 10

Great, something else for them to fuck up. The Failfax story is becoming remarkable similar to that of telstra. #continualfail

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Intrigued 7 Jan 11

Could someone explain why Fairfax bought this business?

Its tiny, isn’t actually transactional (its a publishing subs business), there isn’t any strategic synergy of any import , its not high growth at all, it doesn’t relate to anything else they have…..its basically just a very weird thing for them to have done at and a very strange time to do it…..just after the restructure. There must be some logical tie up somewhere? Jack Matthews reasons don’t seem to make any sense…..Anyone inside or outside that can shed some light on this…..

thanks

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