Glassdoor acquired in £900million deal

Glassdoor, the anonymous job review site, has been bought by a Japanese firm for $1.2billion (£900million).

Tech Crunch reports that the buyer, Recruit, specializes in HR and recruitment services. The acquisition will see Glassdoor continuing to maintain its brand.

“Our mission has been the same since day one: to help people everywhere find a job and company they love,” Glassdoor CEO Robert Hohman wrote in a blog post. “That mission will not change as part of Recruit. Glassdoor will continue to operate as a distinct brand to fulfil this mission — and will be able to do so with greater speed and impact than we could achieve alone.”

Recruit was founded in 1960 and is headquartered in Tokyo, Japan. It already owns Indeed, the job search engine and Simply Hired.