Monster to eat up European rival

By Jim Hu
Staff Writer, CNET News

Monster.com, the online job finder owned by TMP Worldwide, said Friday it has made an offer to acquire rival European service Jobline International for $115.5 million in stock. TMP will offer a purchase price of $2.90 (30.70 kronor) per share. Jobline's board of directors has approved the offer.

The acquisition would help Monster increase its presence in the European market while providing a boost in overall traffic to the site, the company said in statement. Stockholm-based Jobline, which offers job-search services in 11 European countries, would bring Monster into four new countries--Sweden, Norway, Denmark and Switzerland--and raise the number of its international sites to 20 overall.

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