James Packer's Consolidated Media Holdings (CMH) has sold its 27 percent stake in the Australian giant job portal Seek. The move, which will net CMH a reported A$440.6 million ($368.4 million U.S.), comes just a day after Seek announced a reduced profit of A$55 million.
In 2003, the Packer family bought into Seek through its company P
The rate of decline in Australian job listings has steadied, according to the most recent data published by the country’s largest recruitment classifieds Web site.
Seek’s monthly jobs listings data shows that the number of ads placed on its site fell by a seasonally adjusted 5.6 percent over April 2009, continuing the downward trend observed since mid last year. That was
A halt has been called in trading of Seek shares as the Australian recruitment portal attempts to raise more than A$100 million ($71 million U.S.) to fund acquisitions for its education and training businesses.
In announcing the halt on the Australian Stock Exchange (ASX), Seek said that it will be using $42.5 million of the money it raises to acquire 50 percent of Think, an education bu
Australian based employment site Seek has taken 10 percent equity in Asian site JobStreet at a cost of $15 million. JobStreet, which is headquartered in Malaysia, operates through much of the region with sites in that country, Singapore, The Philippines, India, Bangladeh, Japan an
Straight after buying a 10 percent interest in Malaysian based employment site, JobStreet, Australia’s Seek is moving even further abroad, this time into territory infrequently visited by many major players – Brazil.
Seek has paid $67.5 million for a 30 percent interest in