Dice Buyout By Private Equity Firms Not To Affect Indian Partnership

CIOL: The acquisition of Dice, the tech job portal, by private equity firms General Atlantic Partners and Quadrangle Group wil not affect the Indian partnership between CyberMedia and Dice in India.
The joint venture, CyberMedia Dice Careers Limited, was set up in September 2004, to establish a tech job board in India. General Atlantic and Quadrangle are equal partners in the transaction, having acquired the company from the current private investor owners, Elliott Associates. The value of the deal however, was not disclosed by the concerned companies, but according to a Red Herring report, the Wall Street Journal estimates it at $200 million.
Abraham Mathew, CEO, CyberMedia Dice Careers, said the Indian partnership will remain unaffected.

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