Monster Hotjobs

February 4, 2010

In case you’ve missed it, something big has happened across-the-pond in the world of digital recruiting.  Two of the big players in the sector, have now become one, with Monster buying Yahoo Hotjobs for USD 225 million (GBP 143 million).

It’s an interesting development, particularly given the ill health of the recruitment sector both home and abroad, but the deal is unlikely to have much to do with the economics of the sector.  Yahoo, who have had a history of bold acquisitions, are clearly “tidying shop” at the moment.

Some might see the deal as a cost effective purchase for Monster, after all Yahoo paid $436 million for HotJobs in 2001, after Monster’s parent company TMP Worldwide stepped out of the acquisition race.  Others will see it as a defensive move, to prevent a competitor (CareerBuilder for example) snapping up the company, with it’s important newspaper consortium.

We’re asking the question, if Monster’s got the cheque book out in the states, is it looking for acquisitions in the UK also?

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