 Yahoo announced plans to sell its HotJobs employment search service to Monster Worldwide for $225m, the companies said yesterday.  Monster currently controls one third of online jobs postings in the United States.  The two companies also struck a three-year agreement under which Monster will provide career and job content for the Internet giant's homepage in the U.S. and Canada. Terms of the deal include Monster being paid for  providing job-related postings for Yahoo's homepage in the US and Canada for three years and other expressions of interest. Yahoo, who bought HotJobs in 2001 for $436 million, last month agreed to sell email provider Zimbra to VMWare Inc. for an undisclosed amount, having it acquired for $350 million two years ago.
—Sal Iannuzzi"HotJobs with its significant customer base plus the traffic agreement are an ideal complement to Monster's innovative recruitment solutions and global reach," said Sal Iannuzzi, chairman, CEO and president of Monster Worldwide. "Monster will be able to offer its employers a significantly larger pool of candidates across diverse geographies and industries," the company said in a statement.Buying Yahoo out of the online recruitment business leaves Monster with only one major competitor, Careerbuilder.com. "We have substantially added quality traffic, while substantially increasing our customer base," he added.HotJobs averaged 12.6 million unique visitors a month, according to Media Metrics comScore. HotJobs generates annual revenue of about $100 million while Monster's revenue totalled $905 million in 2009. Alexa.com rates HotJobs at rank 3 while Monster.com at rank 531.
Have an opinion on this story? Share it!
== Sources ==*Mike Swift. "Yahoo to sell HotJobs employment service to Monster for $225 million" — Mercury News, 3 February, 2010*Nick Zieminski and Alexei Oreskovic. "Monster to pay $225 million for Yahoo's HotJobs site" — Reuters, 3 February, 2010
Share this: 








This page is archived, and is no longer publicly editable.
Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Monster.com aquires Yahoo's HotJobs service for $225 million