June 24 (Reuters) - CareerBuilder + Monster, which once

dominated the online recruitment industry, filed for Chapter 11

bankruptcy protection on Tuesday and said it plans to sell its

businesses.

Created through the September merger of CareerBuilder and

Monster, the Chicago-based company said it agreed to sell its

job board operations, its most recognizable business, to JobGet,

which has an app for so-called gig workers.

CareerBuilder + Monster also agreed to sell its software

services business for federal and state governments to Canadian

software company Valsoft, and the military.com and fastweb.com

websites to Canadian media company Valnet.

The buyers agreed to act as "stalking horse" bidders, with

sales subject to better offers. Terms were not disclosed.

According to papers filed in Delaware bankruptcy court,

CareerBuilder + Monster has $50 million to $100 million of

assets, and $100 million to $500 million of debts.

The company is lining up $20 million of financing to keep

operating in bankruptcy.

In a statement, Chief Executive Jeff Furman said

CareerBuilder + Monster has faced a "challenging and uncertain

macroeconomic environment," and a court-supervised sale process

was the best way to maximize value and preserve jobs.

According to published reports, the company has struggled

with competition from other job platforms, including aggregators

and social media websites such as LinkedIn.

CareerBuilder + Monster is owned by private equity firm

Apollo Global Management ( APO ) and Dutch staffing company

Randstad.

AlixPartners and the law firm Latham & Watkins are advising

CareerBuilder + Monster as it restructures.