Job board Monster Worldwide agreed to sell its Asia Pacific business in order to “double down” its focus on North America and Europe. The company plans to sell its business in India, South East Asia and the Middle East to India-based staffing firm Quess Corp Ltd. The deal values Monster’s Asia Pacific operations at $14 million, according to a filing with the BSE stock exchange.
The transaction is expected to close in the first quarter. The Monster leadership team will remain.
Monster’s Asia Pacific operation had revenue of $26 million in 2016, according to the filing.
The APAC operations will continue to operate