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LinkedIn to purchase Monster?

Veronica C. | May 23, 2012

There have been some major shake-ups developing in the world of digital recruiting. Most notably, Monster Worldwide has been reeling from a recent slump that drove CEO Sal Iannuzzi to state that all or some of the company would be up for sale in the near future, according to Ere.net. Since this announcement last March, there has been a significant amount of speculation about which organization would make a run at Monster.

While the news is far from concrete, there have been recent rumors floating around that professional networking titan LinkedIn may be considering investing in Monster, reports Reuters. There is also talk of technology firm Silver Lake as an interested party.

Despite Monster Worldwide’s recent business struggles, the organization remains a potentially lucrative investment. Currently, Monster retains control of both Monster.com and HotJobs.com along with nearly $950 million in market capitalization.

Monster has also experienced some unexpectedly positive turns in the stock market in recent weeks. Following the announcement that LinkedIn may be considering acquiring the company, stocks shot up more than 15 percent. Monster’s first quarter earnings were also twice as large as many people anticipated.

While the future remains uncertain for Monster Worldwide, it seems that there could be big things in store for the company.

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Category: Employers

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