TMP Worldwide Inc.
Thursday finalized its purchase of Microsurf
Inc. for $47.2 million in stock.
TMP (TMPW)
issued 344,545 shares of common stock for all of the outstanding shares of
Microsurf.
Microsurf owns and operates a network of consumer Web sites focused on
relocation and other home services. Through services provided by
MortgageQuotes.com and MoverQuotes.com, the Microsurf network lets clients
make relocation and home financing decisions on the Internet. TMP, parent to
career portal Monster.com, will
incorporate Microsurf’s real-time decision making tools.
Andrew J. McKelvey, chairman and chief executive officer of TMP Worldwide,
said the firm inked the deal “to continue the growth of our online product
offerings while enhancing our offline business services.”
This week, Monster.com said it had reached a milestone record of more than
six million registered job seekers. According to independent research
conducted by Media Metrix for the month of January, Monster.com is the
number one destination for career seekers and one of the top 100 most
visited Web sites overall on the Internet. Last year, the site inked a
$100-million co-branding contract with America
Online Inc. (AOL)