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Marley Spoon soars nearly 20% on acquisition of Chefgood for $21m.

ASX200 rebounds; Nine rallies on NRL contract extension; Marley Spoon soars 20% on Chefgood acquisition.

The ASX200 is trading 0.49% higher at 7327.60 after lunchtime.

Nine Entertainment Co. rallies on $650m contract extension with NRL.

Marley Spoon soars nearly 20% on acquisition of Chefgood for $21m.

The Australian market reversed Monday’s losses to trade 0.49% higher at 7327.60 after lunchtime as the Reserve Bank;s minutes from its December monetary policy meeting show the central bank won’t lift interest rates until it sees stronger wages growth.

The tech sector is one of just two sectors trading lower today following a turbulent session for the Nasdaq on Wall St overnight. NOVONIX leads the tech losses today down just under 4% while Life360 has lost 3.6%.

Bitcoin is trading 0.75% higher over the last 24-hours at US$46,995.05 at 1:00pm AEDT.

Shares in Nine Entertainment Co. are rallying today after the media giant announced it has secured the broadcast rights to the NRL for the 2023 to 2027 seasons. The $650m deal extends Nine’s partnership with the league beyond three decades.

Making headlines, Marley Spoon shares are rocketing just under 20% today after the German-based food preparation and delivery company announced it has entered into an agreement to acquire Australian-based ready-to-heat meal company Chefgood for up to $21m. The acquisition will give Marley Spoon a foothold in a growing and complementary category of ready-to-heat meals.

And the world’s richest man, Elon Musk, has tweeted that he will pay a record of over US$11bn in taxes this year.

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