Monster In The Job Market – Monster Worldwide Acquires Yahoo! HotJobs (MWW)

Monster Worldwide, Inc.

announced today that it has completed its acquisition of Yahoo! HotJobs, the leading online recruitment website, from Yahoo for $225 million in cash. The acquisition of Yahoo! HotJobs further boosts Monster’s position as the market leader in online job opportunities and global recruitment resources. Monster’s expanded customer base is expected to attract even more talent, with the brand reaching roughly 62 % of the US internet populace. MWW is trading at $10.64, unchanged in pre-market. Read