news Japan's Recruit Buys Jobs Website Glassdoor for $1.2 Billion

[Michael Ehrhardt]

Japan's Recruit Buys Jobs Website Glassdoor for $1.2 Billion

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.

 

[Fuadiansyah]

And their very own domain is recruit-holdings.com, not recruit.com? :D

 

[Michael Ehrhardt]

Now we got new keywords

 

[Constantin S]

Wow, I don't know who was in charge for this decision but IMO Glassdoor was worth $5bn+, EASILY.

 

[Michael Ehrhardt]

You think so ?

 

[Constantin S]

You think so ?

Linkedin sold for $26.2bn 2 years ago, but Glassdoor and Indeed are still the 'go-to' platforms for any company which is looking to hire. IMO they just wanted to get rid of it because they find it difficult to keep up with competition, especially because Google also started the 'Google Hire' platform in 2017.

I find this situation very similar with the travel industry, now that Google Flights exists companies like Skyscanner and Kayak dropped in value A LOT.

 

[Michael Ehrhardt]

Sounds good

 

[IMEZI]

its not just a domain name, those 1.2 billions were also for their website, member, database etc....

 

[Michael Ehrhardt]

its not just a domain name, those 1.2 billions were also for their website, member, database etc....

Of course...

 

[DomainBELL]

Linkedin sold for $26.2bn 2 years ago, but Glassdoor and Indeed are still the 'go-to' platforms for any company which is looking to hire. IMO they just wanted to get rid of it because they find it difficult to keep up with competition, especially because Google also started the 'Google Hire' platform in 2017.

I find this situation very similar with the travel industry, now that Google Flights exists companies like Skyscanner and Kayak dropped in value A LOT.

good info...
thanks for sharing...