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May 9, 2007

Microsoft buys stake in CareerBuilder.com

Posted by David Hunter at 2:11 PM ET.

Chicago Tribune media columnist Phil Rosenthal reports that Microsoft has bought a minority share in CareerBuilder.com for an undisclosed price that according to sources amounts to 4%. CareerBuilder.com is an online job site owned by the Tribune Co., Gannett Co. and McClatchy Co. which are newspaper companies (among other things). Not unconnected:

Separately, Microsoft’s MSN and CareerBuilder said they have extended their strategic alliance, launched in 2004. That arrangement continues to make CareerBuilder the exclusive U.S. content supplier for MSN Careers at least through 2013.

CareerBuilder will pay MSN up to $443 million over the next seven years, based on the quality and quantity of the traffic MSN delivers.

MSN and CareerBuilder are also broadening their alliance to include MSN international sites, helping accelerate CareerBuilder’s overseas expansion, the companies said.



Filed under Acquisitions, CareerBuilder.com, Coopetition, MSN, MSN Content, Microsoft

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