Recruitment


51job acquires majority stake in Lagou

51job acquires majority stake in Lagou

51job Inc. (前程无忧, NASDAQ: JOBS), the leading recruitment platform in China by total users, has today announced that it has agreed to become majority shareholder of China’s leading tech-sector recruitment platform, Lagou (拉勾). 51job will acquire a 60 percent stake in Lagou for $119 million U.S. in cash, valuing Lagou at approximately $200 million U.S.. The transaction is expected to be completed in the fourth quarter of 2017. 


ZipRecruiter to power 500 newspaper job sites

ZipRecruiter to power 500 newspaper job sites

ZipRecruiter is getting into the newspaper job site business.The company announced today that it has agreed with Gatehouse Media to power the newspaper chain’s 500-plus local and regional recruitment websites. ZipRecruiter will be powering both listings and job-related content at the Gatehouse papers.The news reminds us of Monster’s newspaper deals a decade and a half ago --- in more ways than one: The company Gatehouse is dumping for ZipRecruiter is none other than Monster itself.The Gatehouse deal with ZipRecruiter is just the latest in a string of migrations away from the original industry-leading recruitment classified providers --- Monster and CareerBuilder. Both were slow to compete with aggregator


Monster sells remaining stake in CareerOne

Monster sells remaining stake in CareerOne

Recruitment giant Monster sold its remaining 10-percent stake in Australian job site CareerOne to its new majority-owner Career Media Group for an undisclosed sum. Career Media Group acquired a 90-percent stake in August, after the administrators of collapsed education company Acquire Learning, the former owner, put CareerOne up for sale.


Xing prepares for European expansion

Xing prepares for European expansion

Xing, the largest business network in the DACH region (Germany, Austria, Switzerland), announced today it has changed its legal identity from a German company to a European one. “This will ... make takeovers and establishing start-ups within the European Union much simpler – a clear advantage for our expansion strategy," said CEO Thomas Vollmoeller.



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