sold its Yellow Pages unit to private equity firm Audax for $80 million.
Monster said it would net $52 million from the sale, which comes a month after the online job listings company
put the unit on the block. Monster said the sale includes both the Yellow Pages business, known as TMP Directional Marketing, and the Moving.com online relocation business.
New York-based Monster said the sale wouldn't affect second-quarter earnings estimates. Monster said it still expects to make 85 cents to 90 cents a share from continuing operations for the year ending in December. The sale of the Yellow Pages business will result in a 2-cent-a-share charge for the second quarter.
Late Wednesday, Monster slid a nickel to $26.77.