NEW YORK — TMP Worldwide Inc. acquired FastWeb, a scholarship Web site, marking the employment company’s latest Internet purchase.
TMP (TMPW) said the acquisition will strengthen its Monster.com portal as a resource for career and education information. Financial terms weren’t disclosed.
FastWeb (www.fastweb.com), of Skokie, Ill., provides more than 600,000 scholarship listings representing over $1 billion in capital, a personalized college search function, and a direct marketing/permission-based marketing product.
Last month, TMP said it would buy rival HotJobs.com Ltd. for about $491 million in stock, in yet another sign of the consolidation spreading to surviving Internet companies. Combined, the companies will feature more than 650,000 jobs and 14 million resumes, making it the largest online recruitment network.
Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved.
Get Adweek's Brand Marketing Daily Newsletter in your Inbox
Today's highs and lows of creativity