10:45 AM EDT, 06/24/2025 (MT Newswires) -- CareerBuilder + Monster, a portfolio company backed by Apollo Global Management ( APO ) and Randstad, said Tuesday it initiated a voluntary Chapter 11 process in the US Bankruptcy Court for the District of Delaware to facilitate the sale of its businesses, preserve jobs, and maximize value.

The company said it entered into asset purchase agreements to sell its job board business to JobGet, Monster Media Properties to Valnet, and Monster Government Services to Valsoft.

CareerBuilder + Monster is also finalizing an agreement with Blue Torch Capital for up to $20 million in debtor-in-possession financing to support operations during the court-supervised sale process, it said.

Shares of Apollo Global were up nearly 3% in recent trading.

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