Monster Acquires Yahoo HotJobs for $225 Million
4 Feb
Monster, best known for its online employment website, has just announced that it has acquired Yahoo HotJobs from the Internet giant for $225 million in cash. Yahoo and Monster have also entered a 3 year traffic deal as part of the acquisition.
Yahoo’s HotJobs service works as you might expect any job website to function. However, the power of the Yahoo brand and some useful job hunting tools have made it one of the world’s largest job recruiting websites. Monster, while larger, stands to benefit in terms of traffic and new users.
The deal gives Monster control over the assets behind Yahoo HotJobs, along with a three year deal that makes Monster the official tool for career and job content on Yahoo, including on its highly-trafficked home page (more…)
