Monster Buys HotJobs.com From Yahoo For $225 Million Cash
Monster Worldwide, Inc. announced today that it has entered into a definitive agreement to acquire the assets of Yahoo’s, HotJobs.com for $225 million cash.
Monster and Yahoo! have also entered into a three year traffic agreement, to take effect upon the closing of the acquisition, in which Monster will become Yahoo!’s provider of career and job content on the Yahoo! homepage in the United States and Canada.
The traffic agreement calls for performance based annual payments calculated by clicks and expressions of interest, subject to annual floors and ceilings. In addition, the traffic agreement provides Monster with an exclusive right for a period of time following the closing of the acquisition to negotiate similar traffic agreements with Yahoo! properties on a global basis, including countries in Europe, Asia and Latin America.
Based on Media Metrix comScore reporting, last year HotJobs averaged 12.6 million unique visitors per month.
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I won’t be surprised if this is followed by a bunch of domainer comments on how they are surprised that the domain “HotJobs.com” is worth $225 mil.
Troy
I think domainers understand that this is the sale of a business and not the sale of a domain
I am really surprised with this.