by Staff Writers
New York (AFP) Sept 25, 2012
The New York Times Co. said Tuesday it would sell its stake in the jobs-listing website Indeed.com, and record a gain of $100 million.
The media group said in a regulatory filing that Indeed.com, will be acquired by Japan-based Recruit Co. Ltd, and that the deal includes all remaining shares held by the Times.
The Times Co. released no additional details of the transaction, or the amount of its stake.
Indeed.com, created in 2004, has about 80 million visitors per month. It has 500 employees and operates in 26 languages, with operations in the United States, France, Canada and Britain, among others.
This week, Times Co., as part of its move to focus on core operations, closed its deal to sell its information website About.com for $300 million to IAC, a conglomerate headed by mogul Barry Diller.
Global Trade News
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Japan business chiefs scrub China visit: official
Tokyo (AFP) Sept 24, 2012
A group of Japanese business leaders that has met top Chinese politicians regularly over 37 years will cancel this year's trip, an official said Monday, amid a degenerating territorial spat. The Japan-China Economic Association, one of seven Japan-China friendship organisations that were scheduled to attend the ceremony marking the 40th anniversary of ties on Thursday, said it will cancel a ... read more
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