Monster Buys Hotjobs From Yahoo For $225 Million

Monster.com announced today that it is buying rival job board Yahoo! Hotjobs for $225 million in cash. (Yahoo bought Hotjobs in 2001 for $436 million in stock and cash.)

The companies are also entering into a three-year agreement where Yahoo will send visitors to Monster through its homepage.

This doesn’t affect the Newspaper Consortium, Yahoo’s let’s-help-newspapers-sell-classified-ads program which pulled in $50 million in revenue last year.