Monster To Buy HotJobs From Yahoo For $225M

Law360, New York (February 4, 2010, 12:39 PM EST) -- Job search portal Monster Worldwide Inc. has entered into a deal to buy employee recruitment Web site HotJobs from beleaguered Yahoo Inc. for $225 million in cash — far less than Yahoo paid for the site in 2002.

New York-based Monster said Wednesday the deal also includes includes a three-year Internet traffic agreement.

The traffic agreement calls for performance-based annual payments calculated by clicks and expressions of interest, Monster said, adding that the agreement also provides Monster with certain rights to negotiate similar traffic agreements with...
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