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Japan's Recruit to buy jobs site Glassdoor for $1.2B

Tokyo-listed human resources company Recruit Holdings Co. Ltd. on May 9 agreed to acquire jobs and salary site Glassdoor Inc. for $1.2 billion in cash.

Recruit said the deal was in line with its plans to expand in the U.S. and globally, and would complement its 2012 acquisition of jobs search site Indeed Inc.

The transaction is expected to close during the second quarter of Recruit's fiscal year ending March 2019, subject to customary conditions and regulatory approvals. It will be financed using cash on hand.