LinkedIn has 'zero interest' in buying Monster

@CNNMoneyTech May 11, 2012: 4:21 PM ET
linkedin monster

Click the chart for more on Monster's stock.

NEW YORK (CNNMoney) -- Shares of Monster Worldwide soared almost 22% on Friday after a news report said LinkedIn has expressed interest in buying the online job-search company.

But don't get too excited: A source close to LinkedIn said the company has "zero interest" in buying Monster, and doesn't plan to pursue a purchase in the future.

Monster, which has been a rumored takeover target for years, said in March that it was considering selling all or part of the company. According to a short report from Reuters, which cited anonymous sources, potential buyers include LinkedIn (LNKD) and private equity firm Silver Lake Partners.

Monster's (MWW) stock shot higher immediately after the news, and trading was halted temporarily. Shares ended the day 19% higher.

Reuters reported that Monster "plans to send out financial information to the interested parties by the end of next week."

Representatives from Monster, LinkedIn and Silver Lake declined to comment on the report.

Monster, which was founded in 1994, operates several websites. Monster.com is its main job search site, while other properties include the college-focused FastWeb.com and Admissions.com. To top of page

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.