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The Merger Plan between JobsdB and JobStreet Is Finally Approved

Amir Karimuddin - 15 November 2014

The Singaporean authority, in this case The Competition Commission of Singapore (CCS), has given the permission for Seek’s JobsDB to merge with JobStreet. This fuels both platforms’ blueprint on becoming the largest job-seeking service platform in Southeast Asia. The proposal has been carried on ever since last February.

The Strait Times revealed the plan was approved by CCS after the Australia-based Seek agreed to divest the Jobs.com.sg assets and domain within the next six months. Jobs.com.sg is a job vacancies aggregator that takes information of vacancies from various sources. The plan is that the Malaysia-based JobStreet will be absorbed into Seek for S$683 million or close to Rp 6.5 trillion.

Both JobStreet and JobsDB are two largest job-seeking platforms in Indonesia. While there has yet been any information about what will their branches in Indonesia be, we expect that both will be merged just like their parent companies.

There are not many players of the industry available here in Indonesia. Besides those two giants, only Karir, which has been rumored to be acquired by Emtek, which has quite an impact to the market. A number of startups have started trying to enter the market with fresh concept, like social network-based KerjaDulu.

[Illustration: Shutterstock]

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