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Stock Market & Financial Investment News

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December 19, 2013
08:10 EDTMWWMonster Worldwide completes sale of minority stake in JobKorea
Monster Worldwide announced the completion of the sale of 49.9% of JobKorea, Monsterís South Korean operations and the leading career website in the country, for an aggregate purchase price of $90M to H&Q Korea, a private equity firm in Korea. The agreement for this sale was announced in November. Monster will retain management control of the company and leverage H&Q Koreaís expertise and extensive Asian Pacific regional network to enhance and grow this profitable business. Monster plans to return a significant portion of the proceeds to shareholders through share repurchases as a component of its continued efforts to enhance shareholder value.
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