Microsoft buys stake in CareerBuilder.com
eWeek | at | by Mike
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.
The 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.