CareerBuilder + Monster files for bankruptcy

“However, like many others in the industry, our business has been affected by a challenging and uncertain macroeconomic environment. In light of these conditions, we ran a robust sale process and carefully evaluated all available options.

“We determined that initiating this court-supervised sale process is the best path toward maximizing the value of our businesses and preserving jobs.”

According to the company, it is selling its job board business to JobGet Inc. It is also selling its Monster Media Properties, such as military.com and fastweb.com, to Valnet Inc.

Its Monster Government Services, which provides human capital management software services to state and federal governments, is set to be sold to Valsoft Corporation.

“We determined that initiating this court-supervised sale process is the best path toward maximising the value of our businesses and preserving jobs,” Furman said.