Jobs.ch sold to US investors for a hefty sum
The U.S. investment group Tiger Global has acquired the Swiss job portal Jobs.ch for more than 100 million Swiss francs. According to Cash Daily, the job portal had been in negotiations with potential buyers for more than nine months.
The US investment group Tiger Global has bought the Swiss job portal Jobs.ch for more than 100 million Swiss francs. According to Cash Daily, the job portal had been negotiating with potential buyers for more than nine months. A good 40 percent of these were American. Mark Sandmeier, CEO of Jobs.ch, sees this as normal: the growth potential in America has almost been exhausted, which is why US investors are now concentrating on the European market. For Thomas Sterchi, the majority shareholder of the job portal, the deal has certainly paid off. According to Cash Daily, Jobs.ch is expecting a turnover of 22.5 million Swiss francs for 2007.
