Monster Buys HotJobs From Yahoo For $225 Million

Yahoo has ben trying to unload HotJobs for a while, and it finally came to a deal with Monster, which will take the site off of Yahoo's hands for $225 million in cash. As part of the deal, Monster will continue to power Yahoo's job listings for three years. Both Hotjobs and Monster have been lagging newer job search sites such as Indeed, which searches the entire Web for job listings. According to comScore, Indeed's jog search reached 8.4 million individuals in the U.S. in December, 2009, compared to only 5.4 million for HotJobs and 6.1 million for Monster. Maybe with the acquisition, Monster can take the top spot again, although there is a lot of overlap in those numbers.