Shares of Monster Worldwide (NYSE:MWW) jumped 10% in Thursday morning trading as rumors circulated that it had found a potential buyer. In February, CEO Salvatore Iannuzzi indicated that he was mulling the sale of the online job-search service, Bloomberg noted.
The company retained Bank of America‘s (NYSE:BAC) Merrill Lynch division and Stone Key Partners to provide guidance regarding its future back in March.
Analysts said any potential merger partner would likely be a business software and service provider, which could leverage Monster’s extensive website to bring added value to its corporate service offerings.
Monster’s shares have risen more than 8% this year as speculation over the company’s acquisition prospects has grown.