Microsoft Buys Stake in CareerBuilder
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As part of a renewed content agreement that puts CareerBuilder as the job listing provider on its MSN properties, Microsoft on Wednesday took a minority stake in the company. The equity investment comes as CareerBuilder was chosen to power MSN's international job sites as well.
The deal will last through 2013, and primarily include MSN properties in the United States and Europe. CareerBuilder began expanding its international presence last year, and is now the largest recruiting destination online by revenue. "Taking an equity stake in the most prominent job site in the U.S. presents a unique opportunity to enhance our business relationship," Microsoft said in a statement.