The highly anticipated Monster/CareerBuilder auction has concluded, and the winning bidder is not JobGet, as some might have expected. Instead, BOLD Holdings emerged victorious with a staggering final bid of $28.4 million! Jobget emerged as the backup with a bid of $27 million.
The auction saw four intense rounds of bidding, with the judge meticulously going through the contenders in alphabetical order. In the end, BOLD Holdings, known for its strategic acquisitions and quiet dominance in the career services sector, clinched the deal.
For those unfamiliar, BOLD Holdings is a diverse company primarily focused on providing online tools, guidance, and support for job seekers and companies alike. Founded in 2005 by former Monster employees Doug Jackson and Jamie Freundlich (two “great guys,” we hear!), the company originally launched as LiveCareer before rebranding as BOLD in 2015.
BOLD has been on an impressive acquisition spree, adding Zety (2019), FlexJobs (2023), ResumeBuilder.com (2024), and most recently, AI-powered job search platform Sonara, to its portfolio. They’ve quietly been empowering job seekers by constantly improving their resume and cover letter tools.
This acquisition marks a significant move for BOLD Holdings. With the rise of AI and a wave of new startups entering the career services space, it will be fascinating to watch how BOLD integrates these new assets and continues to evolve its business model. Well played, BOLD Holdings! We’ll be keeping an eye on their next moves.
