Zhaopin in New Buyout Talks to Take Company Private

By Yang Ge

(Beijing) — Online recruitment site said it is in talks with a consortium led by its largest shareholder to take the company private, marking the third such bid in one of the most contested in a wave of buyouts of U.S.-listed Chinese firms.

Zhaopin said it is in advanced discussions with the group, headed by SEEK International Investments, and whose members also include Hillhouse Capital and an affiliate of FountainVest Partners. The consortium is proposing to buy all of Zhaopin’s American depositary shares (ADSs) that it doesn’t already own for $18 apiece.

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