China's 51job to go private in $5.7 bln deal - Reuters

China-based jobs portal 51job Inc (JOBS.O) said on Monday it reached an agreement to be taken private by a consortium of Chinese investors ... SkiptomaincontentJune21(Reuters)-China-basedjobsportal51jobInc(JOBS.O)saidonMondayitreachedanagreementtobetakenprivatebyaconsortiumofChineseinvestorsinadealthatvaluesthecompanyatabout$5.7billion.Inanall-cashdealexpectedtocloseinthesecondhalfof2021,shareholdersof51jobwouldreceive$79.05pershare.Theconsortium,whichmadetheofferinearlyMay,includesDCPCapitalPartners,OceanLinkPartnersand51job'sco-founderandchief,RickYan.RegisternowforFREEunlimitedaccesstoReuters.comRegisterU.S.-listedsharesof51job,whichhavefallen6%afterthefirsttakeoverattemptinSeptemberlastyear,wereup4.2%premarket.Theyhadfallen17.6%in2020.Thefirm'slargestshareholder,RecruitHoldingsCo,isalsoparticipatinginthetransaction,thecompanysaid.Foundedin1998,51jobprovideshumanresourcesservices,includinginitialrecruitmenttoemployeeretentionandothercareer-relatedassistance,inChina.RegisternowforFREEunlimitedaccesstoReuters.comRegisterReportingbyEvaMathewsinBengaluru;EditingbyKrishnaChandraEluriOurStandards:TheThomsonReutersTrustPrinciples.TechnologyByteDanceplansformaximumofnineboarddirectors-source,articlewithimageTechnology·September28,2022TikTokownerByteDancewillexpanditsboardofdirectorstoamaximumofnine,apersonwithdirectknowledgeofthemattersaidonWednesday,asthecompanyfacesregulatorypressureglobally.TechnologyAustraliatellsSingTel-ownedOptustopaycostofreplacinghackedIDdocuments,articlewithimage4:12AMUTCTechnologyRussiademandsAppleexplainVKremovalfromAppStore,articlewithimageSeptember28,2022FutureofMoneySwedenandothercentralbankstotestdigitalcurrencypayments,articlewithimageSeptember28,2022TechnologyTaiwansayschipcompaniesintalksaboutEuropeinvestment,articlewithimageSeptember28,2022