Global Marketplace New Zealand agreed to acquire GrabOne Ltd. from NZME Limited (NZSE:NZM) for NZD 17.5 million on August 24, 2021. Global Marketplace will acquire GrabOne's business and assets. Deal value is payable in cash on completion. All current GrabOne staff will be offered roles with Global Marketplace. The transaction is due to be completed no later than October 31, 2021. Leading law firm, MinterEllisonRuddWatts advised Global Marketplace on the acquisition. The MinterEllisonRuddWatts team advised on all aspects of the transaction and was led by Corporate Partner Neil Millar and Senior Solicitor Jasmin Matthews. The deal team included IT and IP specialist partners Tom Maasland and Chris Young, Senior Associate James Marriner, senior solicitors Rob Penney and Rachel Hoggard and Solicitor Georgie Crawford. The period for satisfaction of the finance condition under the Sale and Purchase Agreement with Global Marketplace New Zealand Limited has been extended to October 22, 2021.