Seek Buys Shareholding in Jobs DB for A$206 Million

Seek Ltd. said that Seek Asia, a newly formed subsidiary, has executed a share purchase agreement to acquire 60 percent of Jobs DB Inc. for about A$206 million ($206 million) from JDB Holdings Ltd.

The investment will be funded through a new A$340 million revolving unsecured senior debt facility fully underwritten by National Australia Bank Ltd. that matures in three years, according to a regulatory filing.

To contact the reporter on this story: Victoria Batchelor in Sydney at vbatchelor@bloomberg.net.

To contact the editor responsible for this story: Tom Kohn at tkohn@bloomberg.net.

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