Profits at CarSales, the No. 1 autos site in Australia, plummeted 82 percent to $11.1 million AUD, due to a $48 million AUD impairment charge on its finance business Stratton.
Seek, the No. 1 job site in Australia, is pushing further into the graduate job market, with the acquisition of grad site GradConnection for an undisclosed sum.
Recruitment vertical Jobvite got $200 million in outside investment and has used it to acquire three recruitment startups to build a more comprehensive, integrated package of software.
The U.K. Competition and Markets Authority has approved the acquisition of Motors.co.uk, a second-tier automotive site in the U.K., by EBay Classifieds Group. It will be operated with Gumtree Motors and EBay Motors. The deal is expected to close in March.
Redfin real estate vertical launched operations in Canada by opening an office in Toronto. It follows a Canadian court decision last year liberalizing rules for online publishing of home-sale data.
Catalonia-based digital recruitment network RedArbor.net has launched a new human resources brand: SherlockHR. It offers employers data-driven recruitment and is integrated with CompuTrabajo, the leading job portal in Latin America.
Bangladeshi property site BProperty has introduced rental property vetting services to landlords to improve its intermediary role as the country's No. 1 real estate vertical.
Leading Vietnamese property vertical BatDongSan.com.vn has introduced new advertising products to help customers promote their listings.
Job sites’ operator MyNavi Corp. is collaborating with Matsuyama-based Ehime Bank to provide recruitment services to the corporate sector amid employee shortages.
Kimeta GmbH, the operator of the German job-search engine Kimeta.de, has bought ClassMarkets, which provides software-as-a-service for real estate and jobs sites.