Proposed merger between Singapore job boards granted consent
As Recruiter reported earlier, it had been proposed that SEEK and SEEK Asia Investments, which runs JobsDB.co.sg, buy certain recruitment business assets of JobStreet Corporation Berhad, including website JobStreet.com.sg.
Despite finding the merger would “substantially lessen competition in the market for online recruitment advertising services”, the commission, after market consultation, granted approval based on “behavioural and divesture” commitments offered by SEEK.
Those include a commitment not to enter into exclusive agreements with employer and recruiter customers, allowing the parties to use more than one advertising platform.
It also committed to capping prices at current comparative levels.
– See more at: http://www.recruiter.co.uk/news/2014/11/proposed-merger-between-singapore-job-boards-granted-consent/#sthash.2K74WPC3.dpuf
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