Seek to sell out of HR unicorn Employment Hero after legal battle

Seek to sell out of HR unicorn Employment Hero after legal battle

The ASX-listed online recruitment giant has been one of the billion-dollar start-ups longest backers, and had retained a “meaningful” stake for almost a decade.

Seek Limited share price drops as ASX:SEK flags Employment Hero exit and tightens FY26 outlook

SEEK shares fell 3.3% to A$16.54 after reporting a statutory loss of A$249.9 million, driven by a A$356 million write-down on its Zhaopin investment. Adjusted profit rose 35% to A$104.1 million, and the company declared a record interim dividend. SEEK tightened full-year guidance and said its venture fund will seek to sell its Employment Hero stake. The post Seek Limited share price drops as ASX:SEK flags Employment Hero exit and tightens FY26 o…

Seek's VC fund is conscious uncoupling with Employment Hero

The divestment after 9 years of backing Employment Hero was announced as part of Seek's (ASX: SEK) half-yearly results on Tuesday.

SEEK to sell Employment Hero stake after court battle ends

SEEK has launched a process to sell its stake in Employment Hero, a month after the companies resolved a Federal Court dispute over API access. The post SEEK to sell Employment Hero stake after court battle ends appeared first on SmartCompany.