Monster Buys Half of News Corp-Owned Australian Job Site CareerOne
This story was written by Rafat Ali.
Monster Worldwide (NSDQ: MNST), parent company of Monster, has bought a 50 percent stake in CareerOne, one of the biggest jobs site in Australia. CareerOne is part of News Limited, the news media arm of News Corp (NYSE: NWS) in the country. With this deal, the two companies will offer joint online and print recruitment services as part of News Limited's 140 newspapers portfolio. The JV will initially carry the CareerOne and Monster brands, and the organization will continue to operate from its existing HQs in Sydney. This deal is in keeping with Monster's urgent efforts to expand beyond its declining business and deepening recession here in U.S. More details here.
By Rafat Ali