Yahoo Sells HotJobs To Monster For $225 Million
Yahoo bought HotJobs for some $400 million plus, but now Yahoo is selling HotJobs to Monster for $225 million. It seems to me that is a bad deal for Yahoo, but with Yahoo’s new strategy — it seems Yahoo wants to sell off parts of Yahoo to cut costs and refocus and revamp parts of Yahoo that matter most! Yahoo is still one of those websites/portals which has more users/visitors than most, and by realizing that something has gone wrong since it has been bringing in less revenue when comparing Yahoo with similar size web services in ratio. This explains why Yahoo is changing gear and hunkering down for new approaches. The reasons for Yahoo to sell HotJobs aren’t public made known (or is it?), but I think it may relate to HotJobs isn’t a potential ad grabber avenue while the operation for keeping the service running keeps on inflating in cost. What you think? Source.
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