SEEK Limited Eyes Acquisition of Xref Limited

Xref Ltd (AU:XF1) has released an update.

SEEK Limited has announced its exclusive intention to acquire Xref Limited, an HR and recruitment technology company, for approximately $45 million, offering $0.218 per share. The proposed acquisition aligns with SEEK’s strategic focus on trust in its employment marketplace and expands its product offering. While SEEK conducts due diligence, the acquisition is still under negotiation with no certainty of conclusion.

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