Monster Worldwide, Inc. (NYSE:MWW) has entered into a definitive agreement to obtain the assets of Yahoo! HotJobs from Yahoo! (NASDAQ:YHOO). The transaction is valued at $225 million in cash. Both Monster and Yahoo! have also entered into a three year commercial traffic agreement, effective after the close of the acquisition. Pursuant to the agreement, Monster will become Yahoo!’s provider of career and job content on the Yahoo! homepage for the United States and Canada. Payments will be based on performance and calculated by clicks and expressions of interest. The traffic agreement will provide Monster with an exclusive right to negotiate similar traffic agreements with Yahoo! properties worldwide.
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Monster Worldwide, Inc. (Monster) provides a global online employment solution. With a presence in markets in North America, Europe and Asia, Monster works by connecting employers with job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers targeted audiences to advertisers. The Company operates in three business segments: Careers — North America, Careers — International, and Internet Advertising & Fees. On January 3, 2008, Monster’s Internet Advertising & Fees segment purchased Affinity Labs Inc. On October 8, 2008, the Company’s Careers — International segment acquired the remaining 55.6% interest in China HR.com Holdings Ltd. (ChinaHR). On July 31, 2008, the Company’s Careers — North America segment purchased Trovix Inc. On July 2008, it announced the acquisition of Armees.com., a military site in France dedicated to improving the lives of military personnel, veterans and family members.
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