Chinese recruitment firm 51job receives $5.3 billion buyout offer

(Reuters) – Chinese recruitment firm 51job Inc said on Tuesday it had received a non-binding takeover proposal from co-founder and chief executive officer Rick Yan with DCP Services Limited and Ocean Link Partners.

The acquirers have offered to take the company private by paying $79.05 per share, representing a deal value of about $5.33 billion.

Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli

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