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Reuters reports private equity firm in discussions to buy CareerBuilder

April 05, 2017

Reuters reported that that private equity firm GTCR LLC is now in exclusive discussions to buy job board operator CareerBuilder for more than $1 billion, citing people familiar with the matter. GTCR is the firm that acquired a majority stake in vendor management system operator Beeline. Last month, Beeline and IQN, which also provides a VMS, announced plans to operate under the Beeline brand. 

Tegna Inc., which holds a 53% stake in CareerBuilder, announced last September that it planned to explore strategic alternatives for the company, including a possible sale. Newspaper publisher The McClatchy Company also owns a 15.0% stake in CareerBuilder.

Other jobs websites have recently been sold. Randstad closed on its acquisition of Monster Worldwide Inc. in November in a deal that gave Monster an enterprise value of $429 million. In addition, Microsoft acquired LinkedIn in a $26.2 billion deal last year. DHI Group Inc. (NYSE: DHX), which owns technology jobs website Dice.com, is also exploring strategic alternatives.