FTC Wants More Info on Monsters HotJobs Deal
Monster Worldwide Inc. reported it received a request for more information from the Federal Trade Commission regarding its proposed acquisition of Yahoo HotJobs.
Monster struck a deal February 3 to buy HotJobs from Yahoo for $225 million in cash.
The request, referred to as a second request, is part of the regulatory process under the Hart-Scott Rodino Antitrust Improvements Act of 1976.
The NewYork-based job board said it still expects the HotJobs deal to close in the third quarter.
Filed by Staffing Industry Analysts, a sister company of Workforce Management. To comment, e-mail email@example.com.