Monster also will provide Yahoo! with career and jobs content on the Yahoo! homepage under a three-year commercial traffic agreement. Monster will make performance-based annual payments to Yahoo! calculated by clicks and expressions of interest.
Yahoo! bought HotJobs for $439 million in cash and stock about eight years ago. HotJobs had 2009 revenue of $900 million, the Associated Press reports, citing a JPMorgan analyst.
The acquisition is expected to close during the third quarter. Monster sees the deal being breakeven for pro forma 2010 earnings and accretive after that.-- Reported by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.