Monster, the provider of online job search and employee recruitment
services, has completed its $225 million acquisition of HotJobs from Yahoo (NASD: YHOO).
part of the deal, Monster and Yahoo have signed a three-year commercial traffic
agreement whereby Monster will become Yahoo’s exclusive provider of career and
job content on the Yahoo homepage in the U.S. and Canada.
As a result of the
acquisition, Monster said it will reach roughly 62% of the U.S. Internet
population (130 million unique visitors) and will expand its newspaper
partnerships from 400 to 1000, with the addition of 600 HotJobs daily and weekly
newspapers providing local reach in all 50 states.