Job listing website Monster, which was an early pioneer in e-commerce and operates the Universal Jobsmatch website, has been bought for $429m (£330m). Monster developed the Universal Jobsmatch website at a cost of over £17 million and annual running charges of £6 Million. It was initially reported that the service only really showed zero hours contracts agency posts, was biased towards promoting part-time jobs and only about 3% of the jobs advertised were actually direct from an employer.
Randstad, the world's second largest staffing company, is buying the US firm in a bid to expand its presence in America.
Monster Worldwide, a dotcom-era survivor, also owns jobs.com and made $309m in revenue in the first half of the year.
The deal strengthens Dutch firm Randstad as it looks to take on rival employment agency Adecco, and comes just weeks after Microsoft agreed to buy networking website LinkedIn for $26bn.
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