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Monster Worldwide, Inc. (NYSE: MWW), which runs online job giant Monster.com, announced today plans to purchase the assets of Yahoo's (NYSE: YHOO) HotJobs, a competing recruitment site.
The deal also includes a three-year agreement during which Monster will provide Yahoo's career and job content on the portal's super-popular homepage, Yahoo.com
"HotJobs, with its significant customer base plus the traffic agreement are an ideal complement to Monster's innovative recruitment solutions and global reach," said Sal Iannuzzi, Monster's chairman, chief executive officer and president, in a prepared statement.
