Wednesday, February 1, 2017
Monster Acquires Yahoo HotJobs for 225M Cash
Monster Acquires Yahoo HotJobs for 225M Cash
Recently USAs premier job-site Monster acquired another popular job-site Yahoo Hotjobs for a deal of $225 Million cash. As part of the deal Monster will power Job listings of Yahoo for three years.
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I feel it is a win-win deal for both the companies. Because Yahoo had been trying to concentrate on its main business i.e: internet products for sometime and in the process they are trying to offload businesses that are not aligned with their primary business.So this is a good deal for them.
On the other hand Hotjobs being a part of Yahoo had the benefit of Yahoo brand-name. Thus it was a very popular job-site. Now Monster can leverage from its traffic.This deal will increase Monsters market share significantly.
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