Yahoo Sells HotJobs for $225 Million
Yahoo has found a buyer for HotJobs. The Web giant has unloaded the job-seeking site to rival Monster Worldwide, Inc. for $225 million in cash.
Back in 2001, just as more job seekers and recruitment companies were shifting their searches to the Web, Yahoo acquired HotJobs in a deal that was valued at around $436 million. But ever since CEO Carol Bartz took on her new role last year, Yahoo has been rumored to be seeking a buyer for HotJobs—as Bartz looked to narrow the company’s focus on its core media businesses.
J.P.
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