Monster Worldwide (MWW) Surges As Takeover Interest Gets Hot and Heavy
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Shares of Monster Worldwide, Inc. (NYSE: MWW) surged Friday afternoon, and were briefly halted on volatility, following reports the company is drawing takeover interest from LinkedIn (Nasdaq: LNKD) and private equity firm Silver Lake, among others.
The company, which announced in March that it would explore a sale, will be sending out financial information to potential bidders next week, Reuters said.
Ironically, LinkedIn is one company that has contributed to a major decline in Monster Worldwide's business as job seekers and employers are more and more using online social tools versus traditional online methods.
Shares of Monster Worldwide last traded at $9.33, up 19 percent.
The company, which announced in March that it would explore a sale, will be sending out financial information to potential bidders next week, Reuters said.
Ironically, LinkedIn is one company that has contributed to a major decline in Monster Worldwide's business as job seekers and employers are more and more using online social tools versus traditional online methods.
Shares of Monster Worldwide last traded at $9.33, up 19 percent.
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