Saturday, August 28, 2010

FTC seeks some-more sum on Monsters HotJobs buy

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(Reuters) - Monster Worldwide Inc (MWW.N) pronounced the U.S. Federal Trade Commission (FTC) has sought one more report per the merger of opposition HotJobs from Yahoo (YHOO.O).

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The FTC released what is mostly referred to as a "second request" for the $225 million deal, Monster, that controls about a third of online jobs postings in the United States, pronounced in a statement.

The association pronounced it intends to reply rapidly to this ask and continues to concur with the FTC in tie with the review.

The FTC did not criticism on the second request.

Monster still expects the contract to close in the third entertain of 2010.

Monster shares sealed at $15.69 Friday on the New York Stock Exchange.

(Reporting by A.Ananthalakshmi in Bangalore, one more stating by Diane Bartz in Washington; Editing by Unnikrishnan Nair)

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