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Defining The Business Value Of Technology
Media Giants, CareerBuilder Tackle Monster.com
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Knight Ridder and Tribune are buying the public stock of CareerBuilder.com for $8 a share, or about $200 million. At the time of the announcement, 44% of the companies' shareholders had agreed to the sale. Rob McGovern, chairman and CEO of CareerBuilder,.com says he expects the deal to close within 60 days.
CareerBuilder will continue to be an independently run organization, according to McGovern, one that will combine all three companies' job- listing assets. "What we're going to do is combine our online job services with their online job services to take on the No. 1 player in the market," says McGovern, Monster.com. Knight Ridder and Tribune have 100,000 job-service customers, he says.
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