ValueAct Capital Management has bought stakes in job search site Indeed’s parent Recruit Holdings (RCRUY) and Expedia (EXPE), believing both companies are poised for strong growth, Svea Herbst-Bayliss of Reuters reports. ValueAct announced the new positions, without saying how big they are, in a letter to clients which was seen by Reuters. The investing firm said the two companies were set to benefit from smarter pricing, better cost management and shrewd modernization of the services used to run websites, according to Bayliss.
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