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Recruit Co. Agrees to Buy Indeed to Fuel U.S. Expansion

Recruit Co., a Japanese human-resources company, agreed to acquire job-search website Indeed Inc. to help it expand in the U.S.

Recruit Co., which had 807 billion yen ($10.4 billion) in revenue in the year ended in March, will use Indeed as its global system for online recruitment, said Rony Kahan, co-founder of Stamford, Connecticut-based Indeed. Both companies are closely held, and terms of the deal weren’t disclosed.