CareerBuilder + Monster, which once dominated the online recruitment industry, filed for Chapter 11 bankruptcy protection on Tuesday and said it plans to sell its businesses.
Created through the September merger of CareerBuilder and Monster, the Chicago-based company said it agreed to sell its job board operations, its most recognisable business, to JobGet, which has an app for so-called gig workers.
CareerBuilder + Monster also agreed to sell its software services business for federal and state governments to Canadian software company Valsoft, and the military.com and fastweb.com websites to Canadian media company Valnet.
The buyers agreed to act as “stalking horse” bidders, with sales subject to better offers. Terms were not…