Microsoft takes stake in CareerBuilder
Job Fare
Posted in Financial News, 9th May 2007 22:30 GMT
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Microsoft has bougth a four per cent stake in CareerBuilder, the US online job site, but it isn't saying how much, if anything, it is paying.
In return, Microsoft is extending CareerBuilder's tenure at MSN, making it the exclusive supplier for the US jobs channel until 2013. Microsoft will also start rolling out CareerBuilder-power jobs search into MSN country sites in Europe in 2007 and 2008.
Microsoft thinks it could earn up to $443m in commmission from CareerBuilder over the lifetime of the contract.
CareerBuilder, set up by two US newspaper groups, says it is America's biggest online jobs site. Here is what it has to say about the Microsoft deal. ®
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