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CareerBuilder + Monster completes Chapter 11 sales

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Career

CareerBuilder + Monster completes Chapter 11 sales

CareerBuilder + Monster announced on July 31 that the sales of its job
board business, Monster Media Properties and Monster Government
Solutions have now closed. The deals conclude the company’s
court-supervised sale process under Chapter 11.

“With the close of these transactions, we are ushering in a new phase
for our businesses, our employees and our clients,” CareerBuilder +
Monster CEO Jeff Furman said in a press release. “These transactions maximize value, preserve jobs and also place our
businesses in the hands of strong, experienced owners,” Furman said.
Bold acquired the job board business for $28.4 million. Bold was founded
by former Monster employees Doug Jackson and Jamie Freundlich,
according to previous reports . Bold’s divisions include myperfectresume, flexjobs and Zety, according
to its website. It lists Jackson and Freundlich as co-CEOs and locations
in Guaynabo, Puerto Rico; Delhi, India; and Warsaw, Poland. 

[Read More…]

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