Monster.com's parent company, TMP Worldwide, has made an offer to buy all of the issued and outstanding stock of Jobline International AB, a leading European online professional job search company. The total value of the deal is estimated at $115.5 million.
The acquisition of Jobline, Stockholm, Sweden, would expand Monster, Maynard, MA, into five countries: Sweden, Norway, Denmark, Switzerland and Finland. That would bring the total to 15 European countries and 20 internationally.
TMP Worldwide expects the deal to solidify Monster's European presence as well as to increase brand recognition, site traffic and job postings.
