Yahoo acquisition for HotJobs.com accepted

Yahoo Inc said it was notified by the board of HotJobs.com Ltd, an internet site for employers and jobseekers, that its takeover offer had been judged to be more favorable to shareholders than that of competitive bidder TMP Worldwide Inc.

Yahoo acquisition for HotJobs.com accepted
Mon, 24 Dec, 2001 - 15:00

Yahoo Inc said it was notified by the board of HotJobs.com Ltd, an internet site for employers and jobseekers, that its takeover offer had been judged to be more favorable to shareholders than that of competitive bidder TMP Worldwide Inc.

Last week Yahoo topped a prior bid for HotJobs from TMP by offering $436m in stock and stock for the company.

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