Yahoo! HotJobs Up for Grabs
December 10, 2009 by Alice Allan
Throughout 2009, rumours have occasionally surfaced that Yahoo! might be about to sell HotJobs, its US job search engine.
This week, Yahoo! CEO Carol Bartz said she was open to selling HotJobs for the right price.
“We’ve said all along it’s not strategic to the company, so if we got a decent price we’d do something,” a Reuters report quotes Bartz as saying.
Third quarter results for Yahoo! were mixed: several rounds of layoffs meant profits were up, but revenues continued to decline. At the time, Yahoo! said this was primarily due to drops in search and display advertising revenue.
At the UBS Global Media and Communications Conference in New York, Bartz confirmed that the number of job openings listed on HotJobs has decreased due to the economic downturn.
Yahoo! acquired HotJobs for $436 million in cash and stock back in 2001.
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[...] news comes after almost a year of speculation over the future of HotJobs, and a recent statement by Yahoo! CEO Carol Bartz that the jobs search engine was available for a “decent” [...]