In 2002, Yahoo bought HotJobs recruiting site for $436 million in stock and cash. Now Yahoo sold its HotJobs to Monster Worldwide for $225 million. As part of the deal, Monster will provide career and jobs content on the Yahoo home page for three years in the U.S. and Canada. In return, Yahoo will make annual payments to Monster based on clicks and how many people express interest in job postings. Monster will be able to negotiate similar deals with Yahoo subsidiaries in other countries. If the deal is approved by regulators, Monster plans to take over HotJobs between June and October.
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