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Yahoo buys HotJobs

$436 million deal.

     
11:25 am on Jan 3, 2002 (gmt 0)

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[onrec.com...] - originally from reuters but couldn't find that one.

A bit of background - hotjobs.com is the 2nd largest jobsite globally. Monster being the largest. Until a few days ago Monster was in line to purchase HotJobs amalgamating the two largest recruitement sites. But then Yahoo! stepped in with a larger bid.

No doubt Yahoo moved to recurring $300 fees to finance this :)

Interesting quote from the article:

Analysts hailed the Yahoo-HotJobs tie-up, saying the acquisition is a key step in Yahoo's move toward more fee-based services and away from a reliance on advertising revenue, which has stagnated this year amid the economic slowdown.

So could this be the start of a Yahoo! spending spree, looking to tie in their vast user base with more fee based services?

11:38 am on Jan 3, 2002 (gmt 0)

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more here [webmasterworld.com]

yahoo burning money (ours!!)

11:42 am on Jan 3, 2002 (gmt 0)

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Missed that post - good find skibum :)
 

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