Friday, October 05, 2012

CareerBuilder | Monster stock tanks on sale doubts

Monster Worldwide shares dropped late today on a news report that it had broken off talks to sell itself to a private-equity firm.

Shares of the CareerBuilder competitor closed down 9.3% to $7.30.

The jobs website put itself up for sale at the end of February and hired advisers in March, but has yet to strike a deal. Several private equity bidders have balked at the asking price of $10 to $12 a share in recent months, people familiar with the matter told The Wall Street Journal.

But the sales process has not officially been ended, the WSJ says.

1 comment:

  1. When I was at GCI, CB was all we used for job ads. When I moved to my new job they used Monster some times and CB other times. Granted, I'm more comfortable with CB, but I believe we get better quality candidates from there and we actually have a decent rep who keeps track of us and is helpful. I find it interesting that Monster is struggling (hadn't been keeping up).


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