American online recruitment service provider said that it would acquire 55% of the stake of in the middle of 2008, a move that will make it a complete owner of

Monster will pay US$200 million to US$225 million in cash to the shareholders of to get the remaining 55% stake.

In February 2005, Monster acquired 40% of the stake of for US$50 million and promised that it would purchase more than 51% of the company's stake if it could not get listed within three years. In January 2006, Monster acquired another 5% stake of, but by that time it only owned about 45% of the latter's total stake.


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