Newspaper and media group The Daily Mail and General Trust (LON:DMGT) has acquired job search engine Jobrapido €30 million.
The search engine will join DMGT’s existing consumer media business, A&N Media, which has been renamed Evenbase.
A&N chief executive Keith Potts said: "I'm absolutely delighted to secure such a valuable asset for the group.”
Jobrapido is the world's second largest international job search engine and includes Jobsite, OilCareers and Broadbean. It delivered 660 million visits from job seekers in more than 50 countries last year.
The valuation is set to increase over the next few years through an earn-out arrangement based on achieving financial and business targets.
Martin Morgan, DMGT CEO said: "Bringing the Jobrapido team into the DMGT group is a great example of DMGT's core strategy in action.
“We seek out and acquire market leading businesses with strong positions in rapidly growing international markets.”
Last year Jobrapido generated revenues of €24 million and profits of €6 million.
The DMGT share price is 445 pence.