Wednesday, April 19, 2006

News Corp. Buys Stake in Online Job Site

Paul R. La Monica writes on CNN/Money:

It may soon get easier for members of the MySpace generation to find a job.

News Corp., the media giant which owns the popular social networking site, announced Wednesday that it is making a strategic investment in Simply Hired, a privately held search engine that combs through online job listings.

News Corp., through its Fox Interactive Media unit, is investing $3.5 million in the company. Venture capital firm Foundation Capital is investing $10 million. Simply Hired said that including these investments, the company has now raised a total of $17.7 million.

More here.


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