May 9, 2018 / 1:14 AM / 12 days ago

Japan's Recruit to buy job site operator Glassdoor for $1.2 bln

TOKYO, May 9 (Reuters) - Japan’s Recruit Holdings Co said on Wednesday it has agreed to buy popular California-based job-site operator Glassdoor Inc for $1.2 billion with cash on hand.

Glassdoor will continue to be led by its current CEO and co-founder, Robert Hohman, Recruit said in a statement.

The transaction is expected to close during the July-September quarter, subject to regulatory approvals, it said. (Reporting by Chang-Ran Kim; Editing by Stephen Coates)

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