Back in 2012, Recruit Holdings - a Japanese company - purchased Indeed for an undisclosed amount that may have been between $750 million and $1 billion in the midst of a purchasing spree. They went on to buy smaller recruiting companies such as Interviewed and SimplyHired in a bid to expand, and now they have acquired the massive platform Glassdoor.
The announcement came in the evening outside of normal business hours in the states, a contrast to the importance of the move.
Co-owner of Job.com, Arran Stewart, even said "[Recruit is out] to come steal everyone’s lunch. Fact."
Read more here.
Join us in Miami from the 20th to the 22nd of June for the Global Online Marketplaces Summit. Our summit theme is From Classifieds to Marketplaces – Capturing Value from the Transaction and we’ll hear from Global Leaders who are creating the Online Marketplaces of Tomorrow.