Tribune Co. and KnightRidder.com said Monday they have agreed to buy two job recruitment Web site operations, CareerPath.com Inc. and CareerBuilder Inc.
Tribune and KnightRidder.com said in a joint statement that the two sites will likely merge to form a new, privately held company operated under the current CareerBuilder management.
Under the terms of the agreement, the acquisition of CareerPath is a cash-for-stock merger. Terms were not disclosed.
Chicago-based Tribune and KnightRidder.com said they agreed to buy CareerBuilder for $8 per share in cash; CareerBuilder shares nearly doubled Monday, gaining $3.69, to $7.81, on the Nasdaq stock market. …