Updated (05/04/2006): CNBC-TV 18 has informed Bombay Stock Exchange that it has picked up 50 per cent stake in Jobstreet.com for $2 million. The investment “is in line with the Group’s increasing focus on the growing Internet opportunity in India,” said the company. It will also provide media support to Jobstreet.
(03/04/06): This is CNBC-TV 18’s second dotcom investment in the last three months. It has picked up a 50 per cent stake in Malaysia-based Jobstreet.com, a jobs portal, for an undisclosed amount, according to a report in Exchange4media.com. Jobstreet is present in seven Asian countries including India.
In January, CNBC-TV 18, alongwith Reliance Capital and Norwest Venture Partners, had picked up stake in an online travel startup Yatra Online. CNBC-TV 18 is a highly successful TV network in India. It owns the eponymous business channel and a Hindi consumer channel Aawaz. It also has a stocks information portal Moneycontrol.com.