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Monster Sells ChinaHR to Irish Online Recruiter Saongroup

Independent.ie, 2/05/13

Irish recruitment company Saongroup has acquired Chinese recruitment site ChinaHR from US-based Monster for an undisclosed sum, according to the Irish Independent. Monster will maintain a 10% stake in ChinaHR. Saongroup operates a number of recruiting websites worldwide, including Chinese online recruitment site Myjob.com. The total value of the deal is estimated to be around USD 30 mln.

Editor's Note: For more information on this topic, please see "Rumor: Myjob Acquires ChinaHR for USD 30 Mln," MD 1/25/13 issue.

Keywords: overseas Internet ChinaHR Monster Myjob online recruitment M&A Saongroup

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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