A major jobs site media deal in Canada: Canadian media group Torstar and media holding company Gesca have purchased Bell Globemedia’s stake in job recruitment site Workopolis…it gives each a 50 percent stake and values Workopolis at C$300 million ($265 million). The value includes a cash consideration of C$115 million for Bell Globemedia’s 40 percent stake, which it owned through its newspaper subsidiary, the Globe and Mail.
TheStar: Workopolis is an online careers and recruitment business formed by The Globe and Mail newspaper in 1998 as Globecareers.com. When Torstar joined in 2000, the business was renamed Workopolis. Quebec newspaper owner Gesca joined the partnership as a minority owner in 2002.
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