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Microsoft Buys Stake in CareerBuilder.com | |
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| Time: 23:42 EST/04:42 GMT | News Source: eWeek | Posted By: Andre Da Costa | ||
|
In a deal valued at nearly half a billion dollars, Microsoft announced on May 9 that it has bought a minority equity stake in CareerBuilder.com, the job site owned by Gannett Co,, Tribune Company and The McClatchy Company. he purchase agreement requires CareerBuilder to pay MSN up to $443 million over seven years, based on the traffic that MSN delivers. In a separate agreement, MSN announced that they have extended their agreement with CareerBuilder to be the exclusive content provider for their MSN Careers channel in the United States through 2013. | ||
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