Yahoo HotJobs Rumours Persist
July 23, 2009 by Emma Sorensen
Yahoo has just announced its second quarter earnings, revealed a new beta homepage and functionality, and to top off an already big week for the search engine, rumours are resurfacing that the company is still trying to offload HotJobs.
peHUB reports that as part of new CEO Carol Bartz’s drive to dismantle non-core assets, Yahoo! is attempting to shed HotJobs, which it acquired for $436 million in cash and stock back in 2001, as well as Yahoo! Small Business, which helps customers get their small businesses online by providing them with everything from domain registration to site monitoring to promotional tools.
peHUB quote one source as saying Yahoo! has been approached by major buyout firms but that the company is looking to sell to a strategic investor like a careerbuilder.com or monster.com.
Many believe that Yahoo!’s figures for second quarter 2009 show that the company could do with a financial boost – its total revenues dropped 13 percent to $1.5 billion, despite an 8 percent rise in net income to $141 million. Currently the company is said to be trying to sell the properties without the help of an investment bank.
Some commentators have questioned how viable HotJobs would be in isolation from the main Yahoo! search engine, the source of much of its web traffic.
Despite rumours of a potential sale, Yahoo! does not seem to be neglecting the jobs side of its operations and just last month launched a new pay-per-candidate model for HotJobs.
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- Monster Buys Yahoo! HotJobs It was only a matter of time. Monster Worldwide has just announced a deal to buy Yahoo! HotJobs for US$225 million. Monster explains it is also entering a three-year commercial traffic agreement in which it will become Yahoo!'s provider of...
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[...] move comes after news that new Yahoo! CEO Carol Bartz’s is looking to dismantle the company’s non-core assets, adding [...]
[...] 2009, rumours have occasionally surfaced that Yahoo! might be about to sell HotJobs, its US job search engine. This week, Yahoo! CEO Carol [...]