Yahoo reached an agreement with monster in early February this year

Absrtact: Yahoo reached an agreement with monster in early February this year to sell its hotjobs to monster at the price of 225 million dollars of cash. Yahoo bought HotJobs 8 years ago with 439 million dollars in cash and shares, and Yahoo's selling price is much lower than the purchase price of the year.

Beijing Time April 10 News, according to foreign media reports, recruitment website Monster announced in Friday, the United States Federal Trade Commission (FTC) will be the company's acquisition of Yahoo's online job site HotJobs launched a detailed investigation.

Yahoo reached an agreement with monster in early February this year to sell its hotjobs to monster at $225 million in cash. Yahoo bought HotJobs 8 years ago with 439 million dollars in cash and shares, and Yahoo's selling price is much lower than the purchase price of the year. In 2002, Monster was the main competitor of Yahoo's bid for HotJobs.

Monster said in Friday that the Federal Trade Commission had asked the company for a second time to disclose information on acquisitions of HotJobs. "Monster intends to respond to this and will continue to communicate with the Federal Trade Commission on this issue," the company said. "Monster previously expected that the company's acquisition work will be completed in the third quarter of this year." The company still expects the deal to be completed in the third quarter.

Monster also reached a three-year deal with Yahoo, which will become a recruitment content provider for Yahoo's U.S. and Canada home pages. The deal will be implemented after the deal is completed. In addition, the agreement gives monster an exclusive right to negotiate with Yahoo to provide jobs in Europe, Asia and Latin America for a specific period after the end of the transaction, depending on the monster.

After Bartz Carol Bartz as Yahoo's chief executive, she shut down some of Yahoo's unprofitable businesses and sold Yahoo's open-source email service Zimbra, the online job classification site hot jobs, and other assets to find buyers. This January, Yahoo sold Zimbra to VMware, priced at more than 100 million dollars, but less than $350 million in the 2007 acquisition.