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.
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.
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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