Global job board Monster has acquired HotJobs from Yahoo! for $225m (£145m) and has secured a traffic agreement.
 

The deal sees Monster expands its access and reach into the US. It is anticipated that the combined presence of Monster and HotJobs will reach 130m unique visitors (62% of the US internet population), while expanding Monster’s newspaper partnerships from 400 to 1,000, with the addition of 600 HotJobs daily and weekly newspapers providing local reach in all 50 states.
 

Meanwhile,with the closure of the deal, Monster and Yahoo! have also entered into a three-year commercial traffic agreement, which sees Monster become Yahoo!’s exclusive provider of career and job content on the Yahoo! homepage in the US and Canada.

Andrea Bertone, head of Monster Europe, says: “We’re living in an international employment market, where skilled professionals often consider relocating to another country. The combination of Monster and HotJobs gives European employers simple and rapid access to a bigger pool of candidates based in the US. This is a significant strategic advantage for employers that are competing on a global stage for the best talent.”