51job acquires majority stake in Lagou

51job acquires majority stake in Lagou

51job Inc. (前程无忧, NASDAQ: JOBS), the leading recruitment platform in China by total users, has today announced that it has agreed to become majority shareholder of China’s leading tech-sector recruitment platform, Lagou (拉勾). 

51job will acquire a 60 percent stake in Lagou for $119 million U.S. in cash, valuing Lagou at approximately $200 million U.S.. The transaction is expected to be completed in the fourth quarter of 2017. 

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