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Oil & Gas News: Dice Holdings Buys Rigzone

August 13, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Dice Holdings, Inc. (NYSE: DHX), a provider of specialized career websites for professional communities, said it has completed the purchase of Rigzone, a U.S. firm serving the oil and gas industry with content, data, advertising and career services.

Scot Melland, CEO of Dice, "The Rigzone and WorldwideWorker services complement each other with Rigzone's traditional strength in North America and WorldwideWorker's focus on the Middle East and emerging markets.”

Rigzone is a source for upstream oil and gas news and data, including information on the exploration, drilling and production markets.

According to Dice, the purchase price consists of initial consideration of $39 million in cash. Additional consideration to a maximum of $16 million in cash is payable upon the achievement of certain operating and financial goals through June 30, 2011.

New York-based Dice Holdings provides specialized career websites for professional communities, including technology and engineering, financial services, energy, healthcare, and security clearance.

The company serves markets primarily in North America, Europe, the Middle East, Asia and Australia.

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