Career development company Dice Holdings Inc. said Monday it purchased the online and career events-related businesses of WorldwideWorker for up to $9 million.
Dice Holdings, which is based in New York, said it will pay $6 million in cash plus up to $3 million upon the achievement of certain operating and financial goals over the next two years.
Dice Holdings said WorldwideWorker, which is based in Dubai, specializes in energy industry recruitment.
"WorldwideWorker is a well-regarded player in the highly attractive energy sector," Dice Holdings Chairman and CEO Scot Melland said in a statement. "The global nature of the energy business allows us to leverage both our cross-border recruiting expertise and our international infrastructure."
Dice shares rose 25 cents, or 3 percent, to $8.62 in morning trading.