"Last year, in the middle of the pandemic, Sinead Boucher offered $1 to buy Stuff, New Zealand's largest news publisher... The punt worked. The Australian compa

"Last year, in the middle of the pandemic, Sinead Boucher offered $1 to buy Stuff, New Zealand's largest news publisher... The punt worked. The Australian company accepted the offer of 1 New Zealand dollar, worth about 70 U.S. cents." Explanation? You expect that the economy will eventually recover--so why essentially give the company away? [The only thing which comes to mind is a very heavy debt load which the new owner assumes.]