Largest Arab Internet Exit in 2010: Dice Acquires UAE Based WorldwideWorker for $6 Million

13 May, 2010

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.

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  1. Sami  |  May 18th, 2010 at 9:31 PM #

    This is the most idiotic post i have ever read.. WorldwideWorker is not considered of the Arab Internet. Its not an Arab company, and it doesn’t even have an Arabic version.

    Please do your homework… this is not an “Arab Internet Exit” Idiot!!

  2. Gaith Saqer  |  May 18th, 2010 at 9:36 PM #

    Sami it is based in UAE, United Arab Emirates is an Arab country right?
    I welcome your comments but can you please show some respect rather than calling me “idiot”

    Thanks,

  3. Sami  |  May 18th, 2010 at 9:47 PM #

    Then you should look up the meaning of “Arab Internet”. That will be a good start to understanding the industry you report on.

  4. Gaith Saqer  |  May 18th, 2010 at 9:54 PM #

    Arab is different than Arabic. I mean here that the company is based in an Arab country and it is a great thing that they did an international service, we do not only report Arabic website.

    I wish your comment is constructive but it seems that you like to argue in a rude way rather than provide something of benefit or value.

  5. Sami  |  May 18th, 2010 at 10:01 PM #

    it seems you still dont get it. The people who started the site werent even Arab. when you talk about Arab internet startups, youre talking about a culture, not something determined by where you pay your rent.

    1- the founders arent arab
    2- the site doesnt support arabic
    3- the site doesnt exclusively target arabs

    BUT, their offices are in Dubai, … so they are an Arab exit/success story!!!??

  6. Gaith Saqer  |  May 18th, 2010 at 10:08 PM #

    yes all that is known but based in an Arab country, if it was based in silicon valley what would you call it?

    The site supporting Arabic or not or even targeting Arabs or not is irrelevant google has Arabic versions of many of its sites but still it is not an Arab company.

    thanks,

  7. Sami  |  May 18th, 2010 at 10:15 PM #

    Whats wrong with your article is your over-hyped headline “Largest Arab Internet Exit in 2010” change it dude, it sounds really pathetic that you are so desperate for a big headline.

  8. fatin khwarizmi  |  May 18th, 2010 at 10:47 PM #

    bravo Sami you are so exited for Arab world , & Arab sites , Arab innovations ,ok one question , take off your shoe and read, made in ta ta ta . i m sure in Italy or Shina ! & i m sure more than 75% of your close are made in non Arabic factories plus your car may be you did die to get it ! & so … , how are you surprised & you even dislike what is written here in Arabcrunch? how could you accuse people with stupidity while they are saying the truth ?! the article is clear , the base is in DUBAI but the rest comes from abroad same as your shoes “dude” ! ((^__^))
    thanks

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