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Article: Monster Worldwide Announces Sale of Yellow Pages Division; Transaction Positions Monster Worldwide to Focus on Full Growth Potential of Monster Franchise; Purchase Price of $80 Million.
- Article from:
- Business Wire
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Company's Earnings Outlook From Continuing Operations Unchanged at $0.85-0.90 Per Share
Monster Worldwide, Inc. (NASDAQ: MNST) today announced that it has sold its Yellow Pages division to Audax Group, a leading private equity firm. The sale includes Monster Worldwide's Yellow Pages business in North America and Japan, formerly known as TMP Worldwide Directional Marketing, which will now operate under the name TMP Directional Marketing, and Monster Worldwide's online relocation business, Monstermoving.com, which will now operate under the name Moving.com. Both businesses were a part of Monster Worldwide's Directional Marketing business segment. The ...