HR Administration

FTC Wants More Info on Monsters HotJobs Deal

By Staff Report

Apr. 13, 2010

Monster Worldwide Inc. reported it received a request for more information from the Federal Trade Commission regarding its proposed acquisition of Yahoo HotJobs.


Monster struck a deal February 3 to buy HotJobs from Yahoo for $225 million in cash.


The request, referred to as a second request, is part of the regulatory process under the Hart-Scott Rodino Antitrust Improvements Act of 1976.


The NewYork-based job board said it still expects the HotJobs deal to close in the third quarter. 


Filed by Staffing Industry Analysts, a sister company of Workforce Management. To comment, e-mail editors@workforce.com.


 


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