Yahoo, HotJobs.com get early termination of wait period

NEW YORK: Internet media firm Yahoo Inc. and online job finder HotJobs.com

Ltd. said on Monday their planned merger has taken a step closer to completion,

after the government granted early termination of the waiting period required

under antitrust laws.

The Department of Justice and the Federal Trade Commission have granted early

termination of the waiting period under the Hart-Scott-Rodino Antitrust

Improvements Act of 1976, as amended, for Yahoo's acquisition of HotJobs.com.

Termination of the waiting period satisfies one of the conditions for Yahoo's

purchase of HotJobs.com, said the companies in a statement.

Yahoo won a bidding contest for HotJobs.com over rival suitor TMP Worldwide

Inc. last December. It agreed to pay $10.50 per HotJobs.com share in a cash and

stock deal valuing the company at $436 million.

(C) Reuters Limited.