Largest Arab Internet Exit in 2010: Dice Acquires UAE Based WorldwideWorker for $6 Million
What appears to be the biggest exit in the Internet industry for this year, Dice Holdings, Inc.,a NYSE Listed specialized career websites for select professional communities has acquired United Arab Emirates (UAE) based Energy job sites WorldwideWorker.
In a press release Dice Holdings announced on May 10th that the purchase price consists of initial consideration of $6.0 million in cash. Additional consideration to a maximum of $3.0 million in cash is payable upon the achievement of certain operating and financial goals over the next two years.
WorldwideWorker according to the press release has more than 400,000 energy professionals have registered with WorldwideWorker and two-thirds of those are based in Asia, Africa or the Middle East.
This is an interesting news to the Industry and will for sure push more investors to venture into funding startups as Yahoo Maktoob deal did.
We will followup with more info about this news soon.