Gannett to acquire rest of Cars.com for $1.8B
Along with USA Today and an array of local newspapers, Gannett already owns 27 percent of Cars.com, but is buying out remaining partners McClatchy, Tribune Media, AH Belo and Graham Holdings. While we have to admit that we don't quite get the math, the transaction reportedly ends up valuing the business at $2.5 billion.
The former partners will reportedly remain affiliated with the site as part of a five-year deal that will see them selling advertising for the site in their respective regions.
- Most and least efficient car companies
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- Find and compare 2017 Models