Add-on Acquisition • Staffing

Yahoo! Acquires HotJobs.com

On February 12, 2002, Yahoo! acquired staffing company HotJobs.com for 436M USD

Acquisition Context
  • This is Yahoo!’s 1st transaction in the Staffing sector.
  • This is Yahoo!’s 8th largest (disclosed) transaction.
  • This is Yahoo!’s 17th transaction in the United States.
  • This is Yahoo!’s 2nd transaction in New York.
Investment Fate
  • HotJobs.com was divested to a consortium of strategic buyers in 2010 for 225M USD.

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M&A Deal Summary

Date February 12, 2002
Target HotJobs.com
Sector Staffing
Buyer(s) Yahoo!
Deal Type Add-on Acquisition
Deal Value 436M USD

Target Company

HotJobs.com

New York, New York, United States
HotJobs.com Ltd. is a provider of recruiting solutions to employers, recruiters, and staffing agencies.
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Buyer Overview 1

Buyer

Yahoo!

Sunnyvale, California, United States

Category Company
Founded 1994
Sector Internet Software and Services
Employees9,400
Revenue 5.0B USD (2015)
DESCRIPTION
Entrance to Yahoo's corporate campus in Sunnyvale, California.
Entrance to Yahoo's corporate campus in Sunnyvale, California.

Yahoo! is a provider of internet search tools, content, and communication services. Yahoo! was formed in 1994 and is based in Sunnyvale, California.


Deal Context for Buyer #
Overall 18 of 117
Sector: Staffing 1 of 1
Type: Add-on Acquisition 18 of 111
State: New York 2 of 13
Country: United States 17 of 101
Year: 2002 1 of 1
Size (of disclosed) 8 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-21 Launch Media

Santa Monica, California, United States

Launch Media runs a site that lets users watch videos, hear and download songs and read reviews.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-19 Inktomi

Foster City, California, United States

Inktomi Corporation was a California company that provided software for Internet service providers. It was founded in 1996 by UC Berkeley professor Eric Brewer and graduate student Paul Gauthier. The company was initially founded based on the real-world success of the search engine they developed at the university. After the bursting of the dot-com bubble, Inktomi was acquired by Yahoo!

Buy $235M