Lossmaking internet employment bureau HotJobs.com, basking in the warmth of a battle for its hand by two dollar-dizzy suitors, has invited Romeo number one, Monster.com (to whom it has been betrothed for the last six months) to trump the bid made by swain number two, Yahoo!, which a week ago offered a dowry of $436 million – or $10.50 per-share.
Setting a deadline for 9.00am EST Thursday, Hotjobs has invited Monster.com's parent, TMP Worldwide, to better its all-stock offer, which based on TMP's Nasdaq closing price Monday is now worth $9.11 per share.
In a terse statement, Hotjobs said only that it will respond to HotJobs' ultimatum “at an appropriate time”.
Rarities among dotcoms, both Yahoo! and MonsterJobs’ parent TMP are cash-positive, the former with funds of $346.1 million the latter with $317.6 million.
News source: AdWeek.com