Wednesday, February 3, 2010

Monster acquired Yahoo! Hotjobs for $225 million

After Yahoo! search, Yahoo! Hotjobs is also sold. Monster, one of the best known in online employment websites, announced about the acquisition of Yahoo! Hotjobs for $225 million. These two giants now have a 3 year traffic deal as part of the acquisition.In a statement "The sale of Yahoo HotJobs to Monster, and the three-year traffic agreement with Monster, represent an attractive opportunity for Yahoo. The transaction will provide Yahoo with an upfront cash purchase price of $225 million; the ability to focus more on its core business and delivering exceptional experiences to its users, partners and advertisers; and the opportunity to drive longer-term value through the traffic agreement by allowing Yahoo to continue to generate revenue from the online recruiting space while continuing to provide users with valued online career and recruiting services."
Monster is one of the largest in terms of traffic and user world wide, while Yahoo! has brand associated with its product. Yahoo seems to be selling some of its less strategic assets, as last month Yahoo! also sold Zimbra to VMWare, though still has some of the Zimbra technology.

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