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Cars.com
CARS.COM
CARS.COM deal valued at $2.5 billion !
Cars.com is owned by Classified Ventures, a joint venture of Gannett and four other newspaper and former newspaper companies:
McClatchy, Tribune Media, A.H. Belo and Graham Holdings. Gannett owns 27% of the Cars.com, and the deal would value the business at about $2.5 billion.
McClatchy, Tribune Media, A.H. Belo and Graham Holdings. Gannett owns 27% of the Cars.com, and the deal would value the business at about $2.5 billion.
Gannett, owner of USA TODAY (which already own 27% of Cars.com) has agreed to buy the rest of the shares for $1.8 billion.
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Cars.com, one of the leading sites for online search and shopping for used and new cars.
Cars.com allows users to compare models, check prices, read reviews and get online price offers from dealers.
Cars.com generates a large portion of its revenue from classified ad sales to dealers. Offering a free listing option but charges for any extra days after the first month and for other premium services related to the ad, such as additional photos.
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