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Former job board giants CareerBuilder and Monster face breakup and asset sale
The Chicago-based company has reached agreements to sell its most prominent business lines to three separate buyers. JobGet, a platform focused on gig and hourly work, will...
These transactions are structured as stalking horse bids, meaning each buyer sets a minimum price for the assets, but the sales remain open to higher offers as part of the bankruptcy court's supervised auction process. The company's struggles reflect broader shifts in the online recruitment sector, where platforms like Indeed, Glassdoor, and LinkedIn have overtaken traditional job boards by aggregating listings and leveraging social media networks. CareerBuilder + Monster is currently owned by private equity firm Apollo Global Management and Dutch staffing company Randstad, which created a joint venture to facilitate last year's merger.
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