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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?
