Microsoft Takes Minority Stake in CareerBuilder

  • May 10, 2007
Three years after CareerBuilder.com became the exclusive job search engine for the MSN Careers Channel, Microsoft has purchased a minority equity stake in the company, which is also owned by Gannett, Tribune and McClatchy.

Separately, MSN and CareerBuilder announced an extension of their strategic alliance, making CareerBuilder the exclusive content provider to MSN Careers through 2013.

CareerBuilder will pay MSN up to $443 million to be its exclusive job search engine. The dollar value of Microsoft's equity stake in CareerBuilder was not disclosed.

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