Wednesday, February 3, 2010

Yahoo's 225 million U.S. dollars in order to sell its HotJobs site

According to foreign media reports, Yahoo's 225 million to the price of the information will be published in its recruitment Web site Hotjobs sold to Monster Worldwide's rival in this field.

The move means that Yahoo CEO Carol Bartz in removing difficult or does not comply with the operation of the network companies to expand their news, entertainment and communications services for the purpose of another step. In addition, the price also reflects that since the company eight years ago, Yahoo's 439 million U.S. dollars in cash and stock to buy HotJobs So far, the site has plummeted. Of course, this and the current situation related. As the economic downturn, high unemployment and discourage the market demand, relying on job-postings to get full access to the company revenue, "winter." Monster Worldwide last year, the company's profit plummeted 85% to 19 million U.S. dollars. The HotJobs Web site revenues 905 million U.S. dollars last year.

According to Monster Worldwide, executives said they expected to retain approximately 275 employees of the original HotJobs.

If the deal can get regulatory approval, Monster Worldwide plans in June this year, 10 months of indirect control HotJobs.

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