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In a deal valued at nearly half a billion dollars, Microsoft announced on May 9 that it has bought a minority equity stake in CareerBuilder.com.
The purchase agreement requires CareerBuilder to pay MSN up to $443 million over seven years, based on the traffic that MSN delivers. In another separate agreement, MSN announced that they have extended their agreement with CareerBuilder to be the exclusive content provider for their MSN Careers channel in the United States through 2013.
CareerBuilder began building a more aggressive presence in international markets in 2006 by launching sites in the UK, Canada and India. It bought job sites in Sweden and the Netherlands in April.