Monster.com bought for $429 million

Finding a job — on an old-school site, anyway — is now worth $429 million.

In a deal announced Tuesday the Dutch human resources company Randstad will acquire Monster.com, the job search site for that price.

Founded in 1999, Monster is one of the oldest and largest online job search resources. But the site is long past its dot-com heyday when it was worth as much as $91 a share, compared to the $3.40 of Randstad's offer.

The deal comes two months after Microsoft bought LinkedIn for $26.2 billion in another move to merge a professional services site with a larger company. LinkedIn debuted in 2002, shortly after Monster's peak.

Microsoft CEO Satya Nadella touted that merger as unifying LinkedIn's content and network with Microsoft's cloud computing and productivity tools.

The companies in this week's deal instead trumpeted the merger of Monster's distribution channels and Randstad's portfolio of traditional HR services. The company runs physical recruitment centers in 39 countries.

“Together with Randstad, Monster will be better positioned to fulfill our core mission, and our employees will benefit from becoming part of a larger, more diversified company," Monster CEO Tim Yates said in a statement. "Equally important, this transaction offers immediate value to our shareholders. We are excited to join and be supported by Randstad, as we continue to build the best recruiting media, technologies, and platforms. We look forward to working with the Randstad team to ensure a smooth transition.”