Japan's Recruit Holdings buys jobs portal Glassdoor for $1.2b

Japan's Recruit Holdings buys jobs portal Glassdoor for $1.2b

University students attend Rikunabi Live, a job fair hosted by Recruit Career Co., at the Makuhari Messe convention center in Chiba, Japan, on Wednesday, March 1, 2017. Photographer: Ko Sasaki/Bloomberg

Jobs and salaries portal Glassdoor Inc.’s Chief Executive Officer Robert Hohman has a new boss.

Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the U.S. website’s extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its push into non-U.S. markets. Recruit shares rose as much as 3 percent in Tokyo.

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