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Japan's Recruit Buys Jobs Website Glassdoor for $1.2 Billion
Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the U.S. website's extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its push into non-U.S. markets. Recruit shares rose as much as 3 percent in Tokyo.
[...] Glassdoor runs the second-largest job website in the U.S. and is known for hosting anonymous employee reviews about the culture and management of their companies. Glassdoor was taking steps earlier this year toward an initial public offering and was said to be interviewing banks for a market debut in 2018.
Also at TechCrunch.
(Score: -1, Offtopic) by Anonymous Coward on Thursday May 10 2018, @06:50AM
This is great news. What the heck is Glassdoor, and who is Recruit Holdings? Could we have not had a nice aristarchus submission instead? Something about the vacuity of the conservatives in America? That would be nice. And, it might actually cause some comments. This trend of 3 or 4 comments per fine article only points out our editorial incompetence. Better articles, ones that humans and not just corporations (and Paul Ryan) would care about. It is possible. It is the dream that was SoylentNews!
(Score: 2) by Bot on Thursday May 10 2018, @08:00AM (5 children)
>for $1.2 billion in cash
Account abandoned.
(Score: 2) by MostCynical on Thursday May 10 2018, @08:27AM (3 children)
Nope: information brokers
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
(Score: 2) by aiwarrior on Thursday May 10 2018, @11:25AM (2 children)
I honestly have a huge difficulty in understanding how a company that provides a "nice to have" service at most can be valued in the billions. One day the bubble is going to pop and it will not be pretty.
(Score: 2) by MostCynical on Thursday May 10 2018, @11:49AM (1 child)
Not while people are compelled to, or even just voluntarily, give data away, or while advertising keeps working.
"I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
(Score: 2) by aiwarrior on Thursday May 10 2018, @08:10PM
This is besides the point. The point is, can they monetize and turn a profit? I think these companies hang around as long and then just collapse. Am i wrong?
(Score: 2) by realDonaldTrump on Thursday May 10 2018, @12:09PM
They say cash, they don't mean boxes of cash like if someone was buying a condo (I love cash buyers!). Could be a check, could be electronic. The electronic banking. They mean it wasn't stock. Because in a lot of these mergers a company buys another company with stock.