Monster Worldwide Shares Surge on Purchase Rumors

by Christopher Freeburn | September 6, 2012 11:53 am

Shares of Monster Worldwide (NYSE:MWW[1]) jumped 10% in Thursday morning trading as rumors circulated that it had found a potential buyer[2]. 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[3]) Merrill Lynch division and Stone Key Partners to provide guidance regarding its future back in March.

Among the potential suitors are leading Internet and media names, including Oracle (NASDAQ:ORCL[4]), (NYSE:CRM[5]), Microsoft (NASDAQ:MSFT[6]), News Corp. (NASDAQ:NWSA[7]) and SAP (NYSE:SAP[8]).

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.

  1. MWW:
  2. rumors circulated that it had found a potential buyer:
  3. BAC:
  4. ORCL:
  5. CRM:
  6. MSFT:
  7. NWSA:
  8. SAP:

Source URL:
Short URL: