LinkedIn and Silver Lake want to buy online recruiting giant monster

Beijing time May 12 morning news, sources said, LinkedIn and Silver Lake and other companies have expressed interest in the acquisition of U.S. network recruitment giant Monster CSM. Monster is currently preparing to provide corporate financial data to potential acquirers. Monster owns Monster.com and hotjobs.com websites. The company said in March that it had hired stone Key and BofA Merrill to help assess strategic options, including the overall sale, or the sale of part of the company's business. After that, several strategic and financial investors expressed interest in acquiring monster, including LinkedIn and Silver Lake, sources said. Monster plans to provide financial information to interested potential acquirers by the end of next week. The news affected monster's shares in the New York Stock Exchange rose 19% to $9.33 in Friday afternoon, making the company market capitalisation more than $1.1 billion trillion. The data showed that in 2012 Monster's share of the U.S. online recruiting market was about 23%, below CareerBuilder's 32%, but ahead of LinkedIn's 16%. The total size of the U.S. online recruitment market is estimated at more than 5 billion dollars. Analysts have pointed to a variety of future options for monster, including the overall sale, the sale of some shares, or the sale of certain areas, such as China and South Korea. Following the rise of social media such as Facebook and LinkedIn, Monster's job ads are facing new challenges, and this January said it would lay off 400 people, accounting for 7% of the total number of employees. Monster's technical products include power Resume search and Beknown. Monster acquired rival Hotjobs.com in 2010, and the company is currently facing competition from vertical industry recruiting sites, such as Dice Holdings. In addition, information aggregation websites such as simplyhired.com and indeed.com also become monster competitors. (D-Gold)