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Yahoo HotJobs Acquired by Monster for $225 Million
04 Feb 2010
Monster Worldwide has acquired the assets of Yahoo HotJobs for $225 million in cash.
Monster and Yahoo have also entered into a three year commercial traffic agreement, to take effect upon the closing of the acquisition, in which Monster will become Yahoo’s provider of career and job content on the Yahoo homepage in the United States and Canada.
HotJobs with its significant customer base plus the traffic agreement are an ideal complement to Monster’s innovative recruitment solutions and global reach.
The traffic agreement calls for performance based annual payments calculated by clicks and expressions of interest, subject to annual floors and ceilings. The traffic agreement provides Monster with an exclusive right for a period of time following the closing of the acquisition to negotiate similar traffic agreements with Yahoo properties on a global basis, including countries in Europe, Asia and Latin America.
Tags
monster, yahoo, hot jobs
Visit http://www.monsterindia.com/
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