JobStreet's last hurdle before selling operations to Australia's SEEK

Now, the firm has to obtain regulatory approval in Singapore before it can move forward with the acquisition deal

By Elaine Huang


Malaysia-based online job portal JobStreet Corporation Berhad‘s deal to sell its remaining shares to its Australian counterpart SEEK is progressing well, with the transaction slated to take place in Q3 2014.

According to The Sun Daily, shareholders have given the go-ahead for JobStreet to be purchased at MYR 1.73 billion (US$535.6 million). The firm will have to cross just one more hurdle: obtaining “regulatory approval in Singapore”.

e27 first reported about the pending acquisition in mid-February 2014.

Featured Image Credit: Bernd Leitner Fotodesign / Shutterstock

  • JobStreet
    JobStreet Malaysia Since 1995, has grown to become one of the leading Internet Recruitment websites in the Asia-Pacific, revolutionising the way recruitment is done Funding: Not specified Investors: Not specified
  • SEEK
    SEEK Australia SEEK is a diverse group of companies that have a unified purpose to help people live more fulfilling and productive working lives and help organisations succeed. Funding: Not specified Investors: Not specified