On the Radar: Monday, February 4th, 2008
On the heels of last week's report that Monster's North American modest growth of 3% was in sharp contrast to international growth of 59%...
US RECRUITING website Monster has said that it plans to acquire in midyear 2008 the remaining 55 per cent stake in ChinaHR that it doesn't already own.
Monster.com spent $50 million to buy 40 per cent of ChinaHR.com way back in February 2005. Monster revealed its intention at that time to acquire a majority interest in that Chinese employment recruiting operation if it couldn't get itself listed on Chinese stock exchanges within three years. The company bought up a further 5 per cent chunk of ChinaHR.com in January 2006.
Monster expects to pay $200 million to $225 million for the rest of ChinaHR.
Source: The Inquirer