Yahoo eyeing sale of HotJobs, Yahoo Small Business: peHUB

Wed Jul 22, 2009 3:47am EDT

The headquarters of Yahoo Inc. is shown in Sunnyvale, California May 5, 2008. REUTERS/Robert Galbraith

The headquarters of Yahoo Inc. is shown in Sunnyvale, California May 5, 2008.

Credit: Reuters/Robert Galbraith

(Reuters) - Internet giant Yahoo Inc is looking to sell HotJobs and Yahoo Small Business as part of its drive to shed its non-core assets, peHUB, owned by ThomsonReuters, said, citing sources familiar to the matter.

"They have been approached by but they are proactively looking to sell to a strategic investor like a Careerbuilder or Monster.com," peHUB quoted a source as saying.

Yahoo's HotJobs competes with the websites like CareerBuilder.com and Monster Worldwide Inc in the United States.

The company has been scouting for potential buyers for about two or three months now, the source told peHUB.

Yahoo, which has the second-largest Internet search engine in the United States behind Google Inc, this week announced plans to revamp its homepage to make itself more relevant to Web surfers and create new ways to sell advertising.

None of the companies could be reached immediately by Reuters for comments.

(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Muralikumar Anantharaman)

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