Seek Maxes Out Its Credit Card…
July 11, 2008 by Geoff Jennings
At a time when the Australian economy is forcing businesses to close up shop, Seek has decided to go out on a spending spree.
They have teamed up with investment bank Macquarie Group, paying a combined $US105 million ($109 million) to buy a large chunk of the unprofitable Chinese online employment advertising business Zhaopin.
Now that is optimism…
(Isn’t this just the busiest homepage in web history! makes me dizzy looking at it…)
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