SEEK Bets on Brazil

SEEK, an Australian employment group, announced that it has purchased the remaining share of its Brazil business for $104 million. A poor economy actually helped the company's main brand, Catho, as unemployed Brazilians visit the site to find new employment.

SEEK purchased Catho in 2012 for $78.8 million. According to  Alexa, Catho is ranked 192 among websites in Brazil. The company's website claims to host over 200,000 jobs in Brazil.

For more visit The Sydney Morning Herald SEEK Buys Out Brazil Business