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NZME to pay $55 million in cash and hand over 41% stake for Fairfax NZ.

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NZME to pay $55 million in cash and hand over 41% stake for Fairfax NZ.

NZME will pay $55 million in cash and issue shares giving Australia's Fairfax Media a 41 percent stake if a planned merger of New Zealand's dominant publishers is given the go ahead.

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