Microsoft buys 4% of CareerBuilder
From Times Staff and Wire Reports
CareerBuilder.com said that Microsoft Corp. acquired a 4% stake in the online jobs site and extended a partnership for CareerBuilder’s job search placement on a Microsoft website.
The financial details of the equity stake were not disclosed.
CareerBuilder, part-owned by Tribune Co., publisher of the Los Angeles Times, will pay up to $443 million over seven years under the partnership, which makes it the exclusive job search engine through 2013 on Microsoft’s MSN Careers site.
