Microsoft Takes Stake in CareerBuilder
Microsoft has acquired a minority equity stake in job search engine CareerBuilder, owned jointly by newspaper companies Gannett, Tribune and McClatchy.
In addition, the 3-year-old agreement to display CareerBuilder results on the MSN network was extended through 2013. The agreement continues to be performance-based, with payments determined by the quality and quantity of traffic delivered by MSN. Under the agreement, CareerBuilder will pay MSN up to $443 million over the course of seven years to serve as the exclusive job search engine on the MSN Careers channel.
Microsoft will also begin deploying CareerBuilder results abroad, expecting to launch CareerBuilder on MSN sites in most European countries by the middle of 2008 with several rolling out by the end of 2007.
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