Tim Yates

Nach LinkedIn / Microsoft: Randstad übernimmt Monster Worldwide

Tim Yates
Tim Yates

Randstad To Acquire Monster Worldwide To Transform The Way People And Jobs Connect

  • Enhances Randstad’s Digital Human Resources Services Strategy
  • Monster to Operate as Separate and Independent Entity Under the Monster Name

Randstad Holding nv (AMS: RAND), a leading human resources services provider, and Monster Worldwide, Inc. (NYSE: MWW), a global leader in connecting jobs and people, today announced the signing of a definitive agreement under which Randstad will acquire Monster. Under the terms of the merger agreement, Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429 million (enterprise value).

Monster Announces Sale of Remaining Ownership Stake in South Korean Business

  • Tim Yates
    Tim Yates

    Sale Price of Approximately $85 Million, or 101 Billion South Korean Won

  • Unlocks Shareholder Value at Substantial Premium to Monster’s Current EBITDA Multiple
  • Sale Increases Company’s Liquidity and Provides Financial Flexibility
  • Transaction Expected to Close in October 2015

 

WESTON, Mass., Sept. 28, 2015 /PRNewswire/ — Monster Worldwide, Inc. (NYSE:MWW) announced today that it has entered into an agreement to sell its 50.01% ownership position in its South Korean operation, JobKorea, to H&Q Korea for approximately $85 million. The transaction is expected to close in October 2015. In December 2013, H&Q Korea acquired 49.99% of JobKorea from Monster and since that time the two companies have worked in partnership in managing the business. The sale of Monster’s remaining stake in the operation is consistent with Monster’s continued strategy of unlocking value and sharpening its focus on its core online recruitment platform.