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CareerBuilder, job website toppled by AI, wraps liquidation
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CareerBuilder, job website toppled by AI, wraps liquidation
(Bloomberg/Steven Church) — The owner of former job recruitment sites CareerBuilder and Monster, which blamed artificial intelligence for their demise, won court approval to end a liquidation case by paying lenders and other creditors less than 10% of what they are owed. Under the bankruptcy payout plan, noteholders and lenders owed nearly $363 million will divide up about $33.6 million that was raised from the sale of businesses affiliated with…
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