Private equity firm Apollo Global Management LLC (APO.N) is in advanced talks to acquire U.S. job-hunting website CareerBuilder LLC after negotiations with another buyout firm ended unsuccessfully, according to people familiar with the matter.
CareerBuilder’s owners, TV station operator Tegna Inc (TGNA.N), broadcasting company Tribune Media Co (TRCO.N) and newspaper group McClatchy Co (MNI.N), have been looking to cash out from what they regard as a non-core business.
Private equity firm GTCR Ltd was in the lead to acquire CareerBuilder for more than $1 billion, Reuters reported last month.
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