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Archive for May 10th, 2007

Microsoft Recruits CareerBuilder.com

Microsoft is making moves in the recruiting world, a possible attempt to one-up Google in a human-resources era in which Internet search is becoming a more central tool for job seekers and recruiters.On Wednesday, Microsoft announced that it acquired a minority stake in online recruiting hub CareerBuilder.com. CareerBuilder is the No. 1 online recruitment site, averaging more than 1.5 million job postings and more than 21 million unique visitors per month.

In a separate agreement, MSN and CareerBuilder have extended their alliance, making CareerBuilder the exclusive content provider to the MSN Careers channel in the U.S. through 2013. MSN and CareerBuilder also have broadened their alliance to include key MSN international sites.

Click here to read the rest of this story on CIO Today.

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Joost Gets a Huge Financial Boost

Joost just got some financial juice, so to speak. On Thursday, the nascent Internet television service announced that it has raised about $45 million from a handful of investors, including Viacom and CBS.Each of the investors bought a minority stake in the company. The funding will make monetary room for Joost to accelerate product development, global expansion, localization, and service offerings.

Janus Friis, cofounder of Joost, indicated that he and his partner were picky about their investors. Friis and Niklas Zennström have that prerogative. As founders of Skype, they have a track record for success. The duo sold Skype to eBay for $2.6 billion.

Click here to read the rest of this story on Sci-Tech Today.

Add comment May 10th, 2007