Recruit Holdings reserves Quandoo to expand in restaurant information
Japanese services conglomerate Recruit Holdings Co. Ltd. on Thursday, March 5, agreed to buy Berlin restaurant reservation platform Quandoo GmbH to expand its dining-out information business.
Recruit, of Tokyo, is toÂ pay Euro198.6 million ($219.8 million) for 92.9% of Quandoo, providing an apparently profitable exit for the two-year-old target's venture capital investors. Recruit picked up a 7.1% Quandoo stake in December.
"We envisage that the acquisition of Quandoo will allow u...