NEW YORK (
agreed to acquire online help-wanted site
for $225 million.
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
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.
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