Daily Mail and General Trust has agreed to sell its jobs website, Jobsite to StepStone.
The sale of the site to the Axel Springer company, has yet to be approved by the Comptetitions and Markets Authority, but is expected to be completed in the final months of this year.
Kevin Beatty, CEO of dmg media, said: "Jobsite has grown successfully since dmg media acquired the business in 2004. Following the disposal of OilCareers, Broadbean and Jobrapido in March and April 2014, this transaction will complete dmg media's disposal of Evenbase and exit from the digital recruitment market, enabling dmg media to increase its focus on the core Mail businesses."
The sale of Evenbase, DMGT's digital recruitment business, is likely to be in the region of £150m.