peter m. zollman

Seek to create Asian job-site behemoth; reports killer H2 results, stock hits record

There will soon be a new Asian powerhouse in recruitment advertising — and it will all be majority-owned by Seek Ltd., the Australia-based recruitment category-killer. Seek is buying the 78 percent of JobStreet Corp. that it did not own and it will merge JobStreet and JobsDB, in which it also owned a majority stake. The announcement came today as Seek also announced its results for the...

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Cox buys back AutoTrader Group shares; Providence return: 300 percent in 3 years

The investors at Providence Equity Partners have something to be happy about this new year — an estimated 300 percent return on their investment in AutoTrader Group. Not bad for a three-year investment. Cox Enterprises, which owned 73 percent of AutoTrader Group, announced that it expects to close today on the repurchase of 25 percent of the company from Providence Equity, which bought its...

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Schibsted, Telenor, SPH complete JVs

Schibsted, Telenor and Singapore Press Holdings have completed the transactions they announced eight weeks ago — establishing two joint ventures for classifieds in Southeast Asia and South America. The announcement on Tuesday said Schibsted would receive €119 million from Telenor, the Norwegian telecomms company, and would book a gain of about €115 million in its Q4 results. Schibsted...

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Zillow patent case against Trulia stayed

A federal court judge in Seattle has effectively given Trulia permission to continue posting real estate price estimates to its site, deferring action on a patent-infringement lawsuit by Zillow. The two companies have been fighting since September 2012 about whether Zillow can own a patent on its “Zestimates” system of real estate valuations. Zillow (Nasdaq: Z) sued Trulia (NYSE: TRLA);...

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LinkedIn / AIM Group email exchanges

During a long series of requests to LinkedIn for comment on fraud, abuse and safety issues, the company declined to speak with us by phone. However, we eventually heard from Doug Madey, corporate communications associate. He answered some of our questions by email, ignored others, and responded with a simple no-comment to a follow-up email. The email exchanges are reproduced below. The...

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