Glassdoor
Job-hunting site Glassdoor has been bought for $1.2 billion, it announced Tuesday, in what is one of the largest U.S. tech acquisitions of 2018.
Recruit Holdings, a Japanese human resources company that owns other job sites including Indeed, is the purchaser, subject to regulatory approvals, Glassdoor CEO Robert Hohman announced in a release and tweet.
Ten-year-old Glassdoor, which was reportedly considering an IPO in the second half of 2018, according to Recode, had not raised new money in about two years. At its last funding round, it was valued by investors at around $860 million, placing Tuesday’s sale price at a considerable premium.
In addition to search, Glassdoor also gives employees the chance to anonymously describe their experience at companies to prospective employees, who can also compare salaries. Glassdoor will continue to operate as a distinct brand.
The deal size is being compare to the only other major U.S. tech acquisition so far this year: Amazon’s purchase of the smart doorbell company Ring.