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HotJobs

Monster swallows HotJobs, inks deal with Yahoo

Monster Worldwide has completed its acquisition of Yahoo's HotJobs for $225 million in cash and has sealed a three-year deal as Yahoo's exclusive provider of job and career content, the companies said Tuesday.

Although Monster already claims the title as the leading online job site, the addition of HotJobs to its resume is part of the company's drive to match up more working professionals with its business customers. The deal with Yahoo will place Monster on Yahoo's home page in both the U.S. and Canada.

With HotJobs, Monster said it expects to now reach about … Read more

Monster buys Yahoo's HotJobs for $225 million

Yahoo has shed another property deemed expendable by CEO Carol Bartz, selling HotJobs to Monster for $225 million.

Part of the deal includes a provision that installs Monster as the exclusive provider of job ads on Yahoo's home page for three years in the U.S. and Canada, according to a joint press release. In addition, Yahoo will receive annual payments from Monster based on traffic metrics, allowing it to bank some job-search related revenue for a few years without having to actually run the operation.

"The sale of Yahoo HotJobs to Monster, and the three-year traffic agreement … Read more