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Jobs and salaries portal Glassdoor Inc.’s Chief Executive Officer Robert Hohman has a new boss.
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.
Recruit, which operates online and offline services for travel, housing, restaurants, beauty, automobiles and education, made its last big acquisition abroad with the purchase of job-search engine Indeed in 2012. 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.