Tuesday, May 29, 2012

A Suitor for MONSTER.com!

Monster CEO and Board Chairman Sal Iannuzzi said, “At a certain price, anything’s for sale.” As to the buyer, Iannuzzi told Bloomberg it is less important and he said at the time, “The real issue is we know we have value, and we know we can go around and look for opportunities to get that.”

Apparently, the social-networking monster (no pun intended), LinkedIn, is considering purchasing the grossly-popular job board/search engine, Monster.com/Monster Worldwide. According to sources close to the situation, LinkedIn and Silver Lake Partners are two of “a broad range of strategic and financial buyers” who are weighing Monster as a potential acquisition target. Now, LinkedIn is only one of many suitors looking to acquire Monster Worldwide. An acquisition by LinkedIn has been rumored as Monster’s stock price continued to produce less than desirable notice. The social network for professionals competes directly with some of Monster’s products (notably the job posting and resume search business) but some Monster’s other technologies like the semantic search product SeeMore and Facebook networking platform, BeKnown might be an attractive piece in addition to an influx new customers.

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