Monster Completes Acquisition of HotJobs

August 25, 2010 – Monster Worldwide, Inc. has completed its acquisition of Yahoo! HotJobs, an online recruitment website, from Yahoo! for $225 million in cash. Concurrent with the closing of the acquisition, Monster and Yahoo! have also entered into a three year commercial traffic agreement whereby Monster will become Yahoo!'s exclusive provider of career and job content on the Yahoo! homepage in the U.S. and Canada. Monster's expanded customer base will have access to even more talent, with the brand reaching roughly 62 percent of the U.S. internet population (130 million unique visitors.) Monster will also expand its newspaper partnerships from 400 to 1000 with the addition of 600 HotJobs daily and weekly newspapers providing local reach in all 50 states. “We are delivering on our strategy with the acquisition of HotJobs and the clear winners are our customers, job seekers and shareholders,” said Sal Iannuzzi, chairman, CEO and president of Monster. “We now have a powerful one-two punch of scale and precision — the largest pool of seekers and jobs, coupled with our 6Sense semantic search technology that allows unrivaled ability to match talent and opportunities.”