Market Overview

New York Times to Make $100M Profit on Indeed.com Sale

Share:
Related NYT
New York Times Delivers Mixed Q2 Results
Earnings Scheduled For July 28, 2016
Which Media Companies Are Winning The Battle For Millennials? (Seeking Alpha)

On September 25, 2012, Indeed.com, a job listing aggregator, announced that it will be acquired by Recruit Co. Ltd. In connection with the transaction, The New York Times Company (NYSE: NYT) will sell all of its remaining interest in Indeed.com and expects to record an estimated after-tax gain of approximately $100 million in the fourth quarter of 2012.On September 25, 2012, Indeed.com, a job listing aggregator, announced that it will be acquired by Recruit Co. Ltd. In connection with the transaction, The New York Times Company (NYSE: NYT) will sell all of its remaining interest in Indeed.com and expects to record an estimated after-tax gain of approximately $100 million in the fourth quarter of 2012.

Posted-In: News Asset Sales M&A Movers

 

Related Articles (NYT)

View Comments and Join the Discussion!