N.Y. Times sells its interest in Indeed.com




The New York Times Co. will sell its remaining interest in job-search website Indeed.com to Recruit Co. Ltd., a Japanese executive search firm,

Reuters reported.

The Times Co. expects to record a related after-tax gain of about $100 million, the article said.

The Times Co. and Union Square Ventures were the principal investors in Indeed.com; Allen & Co. owned a smaller stake, according to the Reuters report. (Source: Retuers, Sept. 25, 2012.)

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