The US FTC prevents the closing of a merger between two major online job boards and suggests that relevant market is limited to online job services (Monster/Hotjobs)

In June 2001, TMP Worldwide, owner of the dominant online job board “Monster.com,” agreed to purchase the second largest online job board, “HotJobs.” Rather than permitting the merger to go forward as scheduled, the Federal Trade Commission (“FTC”) prevented the closing indefinitely until the parties provided all of the additional information that the FTC requested. The FTC’s review was still continuing in December when Yahoo! made an unsolicited bid

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Authors

  • WilmerHale (Washington)
  • Williams & Connolly

Quotation

John Christie, Wendy Terry, The US FTC prevents the closing of a merger between two major online job boards and suggests that relevant market is limited to online job services (Monster/Hotjobs), February 2002, e-Competitions Bulletin US Mergers in IT, Art. N° 36997

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