Tuesday, February 16, 2010

Yahoo sells its Internet-projects.

The company Monster Worldwide, which specializes in business recruitment, bought for $ 225 million from the Internet company Yahoo! Western popular recruiting site HotJobs.com. The deal will be completed in the III quarter of this year. Top managers of Yahoo! already announced that proceeds from the sale money will be spent on technological innovations, including the development of new technology, the Internet search.

YahooThis transaction is fully fit into the new development strategy of Yahoo. Recall that in the end of 2008 a new CEO Carol Bartz announced that Yahoo! gradually abandon non-core activities. This will be done in order to concentrate on the work of the main segments of its online business - online advertising, search and e-mail. Previous major victim of the new policy became unprofitable for Yahoo! project GeoCities.

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