Monster Acquires Yahoo! HotJobs
February 7, 2010 – 10:09 amIn line with Yahoo!’s new policy to let go of web businesses that are outside of their core focus i.e. news, entertainment and communications, the company will be selling their online job board, HotJobs, to Monster. Yahoo! acquired HotJobs for $439 million approximately eight years ago but is selling it to Monster Worldwide Inc. for $225 million only.

The world has been struggling with a recession since 2008 that saw many people losing their jobs. I would think that this is a good time to revive an online job board like HotJobs. It is an old brand and would not have difficulty in gaining trust from online job seekers but at the same time, large corporations have found an easier and cheaper way to fill positions in their workforce by utilizing social networks.
It’s quite sad, you know, seeing how Yahoo! is losing chucks on investment from their sell-off or closure of other web entities but I guess they know their business better than anyone else. I personally hope that I do not have to use any of these online job boards to look for a job any time soon!



