Thursday, February 04, 2010

Yahoo to sell HotJobs site for $225m - The Boston Globe

Yahoo lost less than 50% (not adjusting for inflation) on this acquisition – perhaps better than its average lately…

Yahoo Inc. plans to sell its HotJobs employment website to Monster Worldwide Inc. for $225 million in cash as it focuses on its traditional properties, including the home page.

As part of the sale, Monster will become the provider of career and job content on Yahoo’s home page in the United States and Canada for three years, Monster said yesterday.

[…]

Yahoo paid about $436 million for HotJobs in 2002.

Yahoo to sell HotJobs site for $225m - The Boston Globe

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