3rd Feb 2023
ANZ Group Holdings Ltd (ANZ) has invested $50 million into VMG.
View Media Group (VMG) announced today that ANZ Group Holdings Ltd (ANZ) has invested $50 million into VMG, in a move which comes less than six months after VMG accepted a significant investment from Seven West Media (SWM).
The investment by ANZ, when combined with the investment from SWM and Antony Catalano & Alex Waislitz’s regional publishing business ACM, provides VMG with the audience reach and financial resources to scale its operations and target opportunities in the annual $300 billion real estate transactions market in Australia.
In addition to the $50m cash investment, ANZ and VMG have agreed to pursue the formation of a strategic alliance in financial services, including further investment from both parties to target the mortgage market and other consumer finance products.
