Company-review website Glassdoor Inc. will be acquired by Recruit Holdings Co. for $1.2 billion in cash, further extending Recruit’s global reach. The deal is expected to close this summer, subject to regulatory approvals and closing conditions, according to a Glassdoor press release.
Launched in 2008, Glassdoor is best known for giving users the opportunity to anonymously review their workplace. The San Francisco Bay Area-based company has around 59 million users each month and has accumulated data on more than 770,000 companies worldwide. Japan-based Recruit, an HR technology and staffing services company, employs more than 45,000 people in more than 60