Monster buying HotJobs — $225 million
The “Big Three” become the “Big Two.” Monster Worldwide today announced that it will pay Yahoo $225 million for HotJobs — the No. 3 Web site in the U.S. (Some say it really ranked even lower.)
The deal was announced just before a Monster earnings conference call. The announcement is here. We’ll carry extensive reaction, analysis and follow-up during the next few hours and days.
The cash payment of $225 million includes an extensive three-year agreement for Yahoo to place Monster on its home page as its recruitment channel, with performance-based annual payments for traffic.
- Mobile Marketing Association Announces Repositioning
- AutoNation Announces August 2010 Retail New Vehicle Unit Sales
- Couples Race to Atlanta Open Houses to Win Hidden $20,000 Down Payment Prize
- CarLocate.com Launches Mobile Version of its Nationwide New and Used Car Search Website
- GettingHired.com bolsers services to employers
- WebVisible Launches 2nd Episode of ‘Great Divide’ Documentary Video Series; Expands Nationwide ‘Watch & Win’ Contest
- J.D. Power and Associates: Incentives, Economy Hamper August Vehicle Sales
- CareerCast.com/JobSerf Employment Index Shows Slight Decline in August
- NYTimes.com Adds ‘Log In With Facebook’ Feature
- Boston.com Launches a Free Real Estate App for the iPhone
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