Randstad Holdings nv announces acquisition of Monster dot com

Q.  Which jobs website has been acquired by Randstad Holding?
- Published on 10 Aug 16

a. Monster
b. Times Job
c. Shine
d. Naukri

ANSWER: Monster
 
Randstad Holding nv has announced acquisition of jobs website Monster dot com. This Amsterdam based HR and recruitment specialist is purchasing the job portal for USD 429 million in cash
  • As per the terms of the merger agreement, it will pay USD 3.40 per share in cash or total purchase price of around USD 429 million (enterprise value)
  • Monster is Massachusetts based
  • It is one of the very first e-commerce companies to go public during the 1990s
  • It once had a share price of over USD 91 and market cap of USD 8 billion
  • Monster dot com will continue to operate separate and independent entity under the Monster name
  • Following a massive technological change, employers are challenged to identify better ways to source and engage talent
  • Under the terms of the merger agreement, Board of Directors of both Randstad and Monster have approved the terms unanimously

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