Job-hunting portal Monster is being acquired for $429 million
Aug09
Dutch human resources and recruitment firm Randstad announced today that it’s acquiring Monster, the international job-hunting site, for $429 million in an all-cash transaction. That’s a win for Monster, which is one of the few companies left standing after the first dot-com bubble burst; the buyout comes at a premium on the company’s share price of $262 million when markets closed on Monday. Monster itself acquired Tinder-style job search app Jobr in June. The company will keep its brand and continue to operate as a separate entity; Randstad notes that “the transaction is intended to accelerate their ability to develop new and…
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