Dutch agency Randstad buys job site Monster for $429m

August 09, 2016 17:59

Dutch temporary employment agency Randstad announced it is buying up US jobs site Monster for $429 million (Rs 2,868 crore), boosting its foothold in the United States.

"Under the terms of the merger agreement, Randstad will pay $3.4 (Rs 227) per share in cash, or a total purchase price of approximately $429 million," the group, based in the Diemen suburb of Amsterdam, said in a statement.

Based in Massachusetts, Monster is a global online jobs listing site which first launched more than 20 years ago as an early pioneer of e-commerce on the Internet. It now offers its services across 40 countries.

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