The CEO of Glassdoor Inc. has a new boss after Japan's Recruit Holdings Co. agreed to buy the U.S. jobs-and-salaries portal for $1.2 billion (¥130 billion) in cash.
Through the tie-up, Recruit will gain access to extensive content such as employee reviews, while Glassdoor will seek to accelerate its push into non-U.S. markets.
Recruit, which operates online and offline services for travel, housing, restaurants, beauty, automobiles and education, made its last big acquisition abroad with the purchase of the U.S.-based job-search engine Indeed in 2012.