Guardian Sells Workthing For 6M GBP
By Rafat Ali - Tue 21 Sep 2004 11:09 AM PST
UK’s Guardian Media Group (GMG) has sold its recruitment website Workthing for £6m to the hotgroup PLC.
Guardian’s PeopleBank Technology unit which provides recruitment technology for Workthing and other sites, is included in the deal. GMG spent a rumoured £30m on the site which never turned a profit. Hotgroup has already bought four sites this year and claims the latest makes it the UK’s biggest online recruitment site.
Posted in: Companies, Guardian, Countries, UK & Europe, Media, Newspapers
