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The $225 million acquisition deal of Yahoo! HotJobs by Monster Worldwide Inc., the Maynard-based company known for its online employment website Monster.com, has been completed. The buyout deal, first announced in February, includes a three-year commercial traffic agreement in which Monster will exclusively provide job content on the Yahoo! homepage in the U.S. and Canada.
According to a news release from the two companies, Monster will reach 62 percent of Internet users in the U.S., and its newspaper partnerships have increased from 400 to 1,000.
During the transition between the two companies, Monster (NYSE: MWW) will develop an integrated site for career and recruitment searches.
The February news of the acquisition laid out terms that enable Monster to develop traffic agreements with other global Yahoo! properties. It also noted that Monster would receive annual payments from Yahoo! based on clicks of its content.
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