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

greenlight

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

Elaine Huang

Elaine is a fervent believer that if there ever is a zombie apocalypse, we will all be snapping away at them with our phones and posting them onto Instagram. A Mass Communication graduate of Ngee Ann Polytechnic's School of Film and Media Studies, she enjoys writing about technology and entrepreneurs. When not hashtagging her way through all sorts of trouble, Elaine is probably contemplating how to write in the third person.

Related posts

Top