Seek Gets A Brazilian…
September 18, 2008 by Geoff Jennings
Seek announced today that it has agreed to acquire a 30% interest at a cost of US$67.5m in two leading employment websites in Brasil. www.Catho.com.br and www.manager.com.br
James Packer’s Consolidated Press Holdings will also invest alongside Seek to hold 5% of the Brasil Online Holdings business.
Better brush up on the Brazilian language ‘cos we know where the future Seek Christmas parties will be…
P.s. Think Seek needs to invest in a better server for Manager.com.br
Seek seem to be taking a leaf out of realestate.com.au’s book on expansion by buying up international properties. I suppose once you have monopoly on one market there is only one way to go.