Shares in Trade Me have been halted as Australian publisher Fairfax Media sells its remaining 51 percent in the New Zealand online auction site. The shares have been halted to let a bookbuild take place for the sale of Fairfax’s shares, Trade Me said, without disclosing a price. Media reports have put the sale price at A$3.05 a share, a …

New Zealand Post, the state-owned postal service, agreed to sell its 35 percent stake in Datacom Group to the New Zealand Superannuation Fund for $142 million to repay debt and bolster its capital. NZ Post’s credit rating was cut to A+ from AA- in October as the state-owned enterprise searches for new revenue streams in the face of dwindling demand …

newzealandinc.com was live at New Zealand’s Rocket Pitch?competition?organized by The Icehouse and Geeks on a Plane – access all of our coverage of the start-up showcase from the event hub including exclusive interviews, company profiles and more. Organized by 500 Startups, a startup incubator and investment fund led by celebrity entrepreneur and angel investor Dave McClure, Geeks on a Plane …