Monster Buys HotJobs

Monster is buying HotJobs. The news of the $225 million acquisition from Yahoo! was announced just moments ago in New York.

The deal includes a three-year agreement in which Monster will power the career channel on Yahoo’s homepage in the U.S. and Canada. Yahoo will continue to manage the 600+ newspaper advertising and content consortium it has put together over the last several years. Monster, however, will get the recruitment advertising, giving it a print and online network of more than 1,000 daily and weekly newspapers across North America.